A new move by the Japanese prosecutors against the former Nissan chief Carlos Ghosn has virtually eliminated the chances of being released from jail before Christmas. On Thursday, a plea for the extension Ghosn’s detention by the Japanese prosecutors was turned down by a Tokyo court which was a small legal victory for Ghosn who…
A massive recall of 874,082 vehicles in North America was announced by Ford Motor Co. on Friday for its F-150 and Super Duty trucks on issues of fire concerns and the company would replace an engine block heater cable on the vehicles. This part of the engine is used by drivers in cold winter days…
According to media reports on Thursday, Johnson & Johnson has been asked not to manufacture its baby powder in two of its factories in India by the India’s drugs regulator till such time that test results of its raw materials proves that they are free of asbestos. The Central Drugs Standard Control Organization (CDSCO) has…
The court verdict will remain pending if Apple were to go on appeal. Qualcomm has also received a similar ruling from a court in China. A German court ruled has ruled that Apple Inc has infringed on Qualcomm Inc’s hardware patent and said, Cupertino can no longer sell some of its iPhone models in Germany…
The resumption of testing of Uber’s autonomous automated fleet of cars will now be under more controlled and monitored conditions. In a significant development, Uber Technologies Inc stated, it is resuming the limited testing of self-driving cars on public roads in Pittsburgh; the move comes 9 months after it suspended the program following a deadly…
The forward-looking purchase of the stake is of strategic significance as it revolves around the future of mobility. In a strategic move, Volkswagen has purchased a controlling stake in Volvo’s WirelessCar, a digital service developer which specializes in connected driving, for $122 million (1.1 billion Swedish crowns). In a statement Volkswagen stated, WirelessCar’s technology would…
The much awaited blockbuster IPO from Japan’s Softbank has failed to create the impetus in the share market to the level that most had hoped for. There was a sharp drop of 15 per cent in Tokyo in the shares in the Japanese company’s mobile telecommunications unit in the first day of trading after the…
According to a statement by the U.S. Justice Department, German auto parts supplier IAV Gmbh would plead guilty as well as pay $35 million in fines on charges of conspiring with German car maker Volkswagen AG in trying to bypass the tough diesel emission norms in the United States. The Justice Department said that 50…
Investors worries include SoftBank Corp’s exposure to Huawei. SoftBank has stated it plans on replacing its Huawei-provided 4G network equipment with those of other suppliers – an expensive and time-consuming affair. In a rare development, shares of Japan’s SoftBank Corp fell by more than 10% on debut as investor appetite for what has been Japan’s…
Following Blythe Masters’ stepping down as Digital Asset’s CEO, AG Gangadhar, the startup’s chairman will serve as its acting CEO while it locates a new chief executive. Digital Asset, a blockchain startup stated, Blythe Masters, its chief executive officer who is one of the most prominent backers of the distributed ledger technology on Wall Street…
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