The fact that the global auto industry is going through a rough patch was once again evident after the German premium car brand Audi said that it would cutting down 7,500 jobs. The company further said that by 2025, it would cull a total of 9,500 jobs which is about 10 per cent of its…
Elderly people in the United Kingdom have been subjected to dozens of calls a week made to sell expensive funeral packages by employees at a call centre which describes customers are “gazelles” meant to be hunted, claimed a report published by the Guardian. According to the report quoting whistle blowing former employees at Prosperous Life…
Researchers and scientists have come closer to replicate and recreate one of the most efficient production process of nature – that producing hydrogen gas. This has been achieved by researchers at the University of Illinois (UI) and the University of California and the outcome of the study was posted online in the form of a…
If the turnaround plan does not manage to turn its fortune, it runs of risk of a collapse, fears the company that prints the UK’s banknotes – De La Rue. This announcement was made by the company while also announcing suspension of its dividends and reporting a loss in the first half of its financial…
Negotiations with investors about a new funding round is being conducted the maker of the plant-based Impossible Burger – Impossible Foods Inc, and according to reports quoting sources, this funding round could effectively more than double the valuation reached by the company at the last funding round in May which was at $2 billion. There…
A racketeering lawsuit against Fiat Chrysler by General Motors last week and the timing is not good at all for Fiat. Fiat Chrysler is currently engaged in two very critical negotiations – one with the labour union United Auto Workers about a new contract for the workers and the other is merger negotiations with the…
Renewal of license to carry passengers in London has been denied to the ride sharing company Uber. This is the second time in two years that such as step has been taken by the London transport authorities. The cancellation is pending an appeal over a “pattern of failures” on safety and security. While making the…
The debacle at the launching of Tesla’s latest electric vehicle has not only hit the company’s prospects at the share market but has also brought down the personal wealth of Tesla chief Elon Musk by millions of dollars in just a single day. The incident where in the so called unbreakable window glass of the…
After taking control of the office space sharing firm WeWork by the Japanese investment conglomerate SoftBank, the US firm has said that about 2,400 employees of the company would be laid off globally as a part of its larger strategy of reducing costs and embarking on a path to achieve profitability after the failed IPO…
The long awaited electric pickup truck from electric car maker Tesla is set to finally emerge. The idea of coming out with this vehicles has been touted by Tesla CEO Elon Musk for years and now it is set to challenge the markets of pickup trucks – especially in the US, made by the Detroit…
