General Motors Co and French automaker PSA Group are in talks that could result in PSA buying GM’s European auto operations and could be a move that could shake up the global auto industry, the companies announced recently. Vaulting it into second place in the region, ahead of French rival Renault SA and behind Germany’s…
After Toshiba Corp said that it may sell more of its prized flash-memory chip business than planned to urgently raise funds and would book a $6.3 billion hit to its U.S. nuclear unit, shares in the conglomerate tumbled sharply. In a decision that has investors questioning whether the company has a long-term future without the…
Wholehearted adoption of EVs could help reduce CO2 levels, especially since as per the EPA 25% of CO2 emissions can be traced to the transportation sector. In signs of growing consumer awareness towards the environment Toyota has disclosed that as of January 31, it has sold more than 10 million hybrid cars and 1 million…
Although Amazon has successfully tested its drone delivery service in a remote area in the UK, doing so in an urban cityscape is lot more challenging. Rest assured that Amazon’s engineers are slaving away at a solution to this complex problem. Amazon’s much anticipated drone deliveries have finally become reality. Going by a new patent…
Expect sleeker, faster, more aerodynamic designs, as well as increased fuel efficiency. The future of electric vehicle technology is decided and tested out here. In what is a significant development for the all-electric Formula E race series, the competition is all set to make a few slick high-profile moves this season. VW’s Audi has ditched the dirty…
Personal Flying Vehicles are drones wherein the passenger taps-in the destination and straps himself in while the autonomous drone figures out the path to take to reach the destination using a 4G network. The one seat human sized quadcopter that whipped CES 2016 into a frenzy could soon be used to ferry passengers this summer. The head…
The Royal Bank of Scotland Group Plc is planning to eliminating jobs and closing branches as it seeks to bolster profitability as the global bank prepares to cut more than 1 billion pounds ($1.25 billion) of annual operating costs, according ot media reports citing a person with knowledge of the plans. Senior executives believe RBS has…
The problem of fake news prevails in the U.S. even though the presidential election is over. And it’s time to do something about it, Apple CEO Tim Cook said. “All of us technology companies need to create some tools that help diminish the volume of fake news,” Cook said in an interview with the Daily Telegraph…
Trump’s EPA nominee Scott Pruitt, has made it clear that the Obama-era standards will remain. Not wanting to meet stringent fuel efficiency standards set in the U.S., car manufacturing companies in the country have shot off a letter to President Donald Trump in the hope that he loosens things up. Car manufacturers in the U.S.,…
Developed by Harvard researchers, this is one technology waiting to be adopted and has a ready market for it. One of the issues facing battery technology is not just their capacity to retain their charge but also, more importantly, their lifespan. Even a lithium-ion pack can become useless after a couple of years of heavy…
