Public Listing Plans Of Virgin Atlantic Postponed Until Early 2022, Say Reports

The current market situation has reportedly forced the public listing of Virgin Atlantic, the United Kingdom based airline founded by billionaire Richard Branson, to be delayed by the company till early next year as the company now focuses on the reopening of the transatlantic market, said reports quoting sources with knowledge of the matter. The…

Vehicle Lineup To Be Expanded By GM’s Commercial EV Unit

General Motors’ BrightDrop electric commercial vehicle company would add a second delivery van to its portfolio in 2023, the company said on Tuesday, and added that it has committed to offer that vehicle to Verizon Communications Inc. The medium-sized EV410, intended for a sector that includes groceries, telecoms, and other service providers that require smaller…

Google Says Its Deals With Phone Makers For Android Boosts Competition

While rejecting the charges levelled against it by the competition of the European Union of Alphabet unit Google adopting a carrot-and-stick tactic that stifled competition with respect to the firm’s deals with Android phone makers, the United States based company said that such deals instead boosted competition. The EU had slapped a record 4.3-billion-euro ($5…

The Global Chip Shortage Is A ‘Short-Term’ Issue, Says Tesla’s Elon Musk

according to Elon Musk, CEO of the United States based electric vehicle maker Tesla, stated on Friday that the continuing semiconductor shortage problem being faced throughout the world will be resolved by next year. The tech entrepreneur believes the chip scarcity is a “short-term” issue rather than a long-term one. “There’s a lot of chip fabrication plants that…

India’s Ride Hailing Firm Ola Bets On E-Bikes To Flying Cars For Mobility Future

India’s Ola plans to produce kick scooters, e-bikes, drones and even flying cars under its future mobility scheme to help meet the country’s transport needs, the company’s founder Bhavish Agarwal said in a blogpost on Thursday. Ola, backed by Japan’s Softbank Group, is building what it calls a “New Mobility” ecosystem which will include mobility…

GM Strikes Partnership With Chinese Autonomous Driving Startup Momenta

General Motors Co announced on Thursday that it will make an investment of $300 million in the Chinese self-driving startup Momenta for developing self-driving technology for the American company’s future models in China, marking the company’s first such partnership in the world’s largest vehicle market. Momenta is one of the few firms in China with…