“The game has started,” – Mark Llistosella, Daimler Trucks’ Asia chief. In what is slated to be another milestone in the transportation industry, Daimler AG stated that its new battery powered eCanter truck will be commercially used by United Parcel Service Inc, its first U.S. commercial customer for its battery-powered eCanter truck. Daimler has stated…
A positive outcome of the talks could enable Lyft to ward off discussions on its IPO, slated for 2018, and could enable it to increase its footprint in the U.S. As per a source familiar with the matter at hand, Alphabet Inc is holding early talks with Lyft Inc regarding purchasing a stake in the…
A further slide in the value of the cryptocurrency that left it over 30 percent away from the record highs it hit earlier in the month was started off after the Chinese bitcoin exchange BTCChina said on Thursday that it would stop all trading from Sept. 30. As investors and speculators flocked to domestic exchanges…
The Chinese state had a hidden role in the acquisition of Lattice Semiconductor Corp whose chips have military applications. In a clear signal from Washington to Beijing, U.S. President Donald Trump has blocked a Chinese-backed private equity firm’s acquisition bid for a U.S. chipmaker, thus telling Beijing in very lucid terms that the United States…
The battery powered Tesla Semi will have a mile range of 200 to 300 miles per single charge. Elon Musk, Tesla Inc’s CEO has disclosed it plans on unveiling its autonomous semi-trucks in late October, a month earlier than its previous estimate. “Tesla Semi truck unveil & test ride tentatively scheduled for Oct 26th…
Toshiba needs to desperately divest its chip making business. Negotiations with investors led by Bain Capital appear to be chugging alone steadily. On Wednesday, in a significant development, Toshiba Corp disclosed it has signed a memorandum to accelerate negotiations for selling its memory chip business to a group of investors led by private equity firm,…
The iPhone X and the Apple Watch Series 3 could go a long way in bumping up Apple’s market capitalization to levels above $1 trillion – analysts. With Apple Inc unveiling its much-anticipated 10th anniversary device, the iPhone X is a marvel of glass and stainless steel and sports an edge-to-edge display that has been…
With the aim of developing a blockchain-based application to improve the regulatory reporting of mortgage transactions, a partnership has been formed between New York-based software company R3 CEV and Britain’s financial watchdog and two large banks. Together with the Financial Conduct Authority, the Royal Bank of Scotland Group Plc and another global bank which did…
With the forthcoming launch of electric cars, the demand for video processing chips and IoT enabled chips is likely to surge. On Monday, U.S. hedge fund Elliott Management Corp disclosed that it has acquired a shade of 5% stake in Hitachi Kokusai Electric, a chip manufacturer for equipment and video solution business. Earlier in April,…
Having completed the $2.2 billion acquisition of Opel and Vauxhall earlier this year, the PSA Group, like its peers, is now focusing on launching Evs in the market. As per PSA Group’s Chief executive, Carlos Tavares, although the company will support Opel’s introduction of electric cars into the market, he has highlighted the need for…
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