According to the outgoing CEO of the largest U.S. auto dealer chain, the actions of Tesla CEO Elon Musk are “almost unethical”. AutoNation CEO Mike Jackson said in a television interview that the recent comment by Musk where he expressed optimism that Tesla would be able to acquire or possess all the features necessary for…
While Apple’s market share in China have shrunk significantly, those of domestic smartphone makers including most notably Huawei, have expanded. Chinese consumers view those using iPhones as traitors. While Apple’s iPhones may be cost effective, unless it targets the core issue of nationalism, it would be surprising if it were to make any significant headway.…
Israel’s first unmanned moon lander’s Beresheet was launched from Cape Canaveral Air Force Station at about 8:45 p.m. EST (0145 GMT Friday). In a significant development for Elon Musk’s SpaceX, the firm’s Falcon 9 rocket launched off successfully on Thursday night from Florida carrying Israel’s first lunar lander. The development is likely to make Israel…
Economic growth could be hampered by the continuance of the acrimonious trade war between the two largest economies of the world into current year, warned Danish shipping group and one of the largest shipping companies in the world Moller-Maersk as it announced its financial performance for the fourth-quarter wherein the earnings were in line with…
Keeping the eventuality of a no deal Brexit, Barclays announced a provision of £150 million. The company said that the amount had been apportioned for “anticipated economic uncertainty” related to Brexit. This was stated by the bank as it announced a profit of £3.5 billion for 2018 which was virtually the same as the previous…
German industrial giant Siemens is joining hands with electric-plane start-up Eviation for the development of an aircraft that would be powered by batteries. The company said on Wednesday that the German industrial conglomerate would help out the electric-plane start-up to design and develop the motor of the planned electric powered passenger plane by the startup.…
After operating for more than fifty years, United States based auto manufacturing company Ford has announced that it would close down a factory in Brazil. This is part of the strategy of the company to end selling of heavy commercial trucks in entire continent of South America. It saw “no viable path to profitability” for…
Microsoft will expand its cyber security service AccountGuard to 12 new markets in Europe including France, Germany, and Spain to safeguard from such hacking attacks. On Wednesday, Microsoft Corp disclosed it had chanced upon hacking activity that targets democratic institutions, non-profit organizations and think tanks in Europe and plans on offering a cyber security service…
Demisto develops and markets automation tools for information security management, including a chatbot that assists in handling tasks. Palo Alto Networks Inc, a cyber security company stated it would be acquiring Demisto Inc, a U.S.-Israeli information security firm for $560 million using cash and stock. Founded in 2015 by four McAfee executives, Demisto develops and…
The aim is to provide a supporting hand to local manufacturing and boost their growth, including the production of cells for electric vehicles. In a significant development, France and Germany agreed on a joint manifesto for a new industrial policy in Europe to help support local companies to better compete with rivals, including foreign ones,…
business-gurus.com 