Amazon is being pressured into being more transparent with its system of awarding the “Amazon’s Choice” badge onto certain products. In a development pregnant with multiple outcomes the sum of which may not favor Amazon.com Inc, two U.S. senators have questioned Amazon.com Inc’s Chief Executive Jeff Bezos on how it awards the “Amazon’s Choice” badge…
Brazil’s second-hand car market is booming and Volanty’s latest funding is proof of that. On Thursday, Volanty, a digital used car portal in Brazil stated, it has received a funding of $17.6 million (70 million reais) from a consortium of venture capital funds led by Japan’s SoftBank and Kaszek of Argentina. The development comes in…
The autonomous driving unit will function as an independent company. On Monday, China’s ride hailing firm Didi Chuxing stated it has launched an autonomous driving unit as an independent company. The business will focus its resources on research and development activities as well as deepen its collaboration with automakers. Zhang Bo, Didi’s chief technology officer…
The U.S. airplane maker tested the upgraded MCAS anti-stall software on a test flight of the 737 MAX jet. On board the aircraft was its CEO Dennis Muilenburg. In a significant development, Boeing Co stated, Dennis Muilenburg, its chief executive, had joined a test flight on a 737 MAX 7 jetliner for a demonstration of…
Microsoft has demanded that Foxconn pay patent royalties in its latest lawsuit. On Tuesday, Foxconn’s CEO Terry Gou stated, it does not expect to suffer any loss as a result of a lawsuit filed by Microsoft Corp. In its lawsuit, Microsoft has stated, Foxconn has not paid its patent royalties. At a press conference in…
The Model Y is an SUV that is 10% bigger than the Model 3, 10% more expensive than it and comes with the same battery pck configuration. In a significant development, Elon Musk, Tesla’ Inc’s CEO stated, the carmaker will unveil its Model Y on March 14 at an event in LA Design Studio. “Model…
This will be the first meeting the two and is likely to be significant. As per a report from NHK, Nissan Motor Co Ltd’s CEO Hiroto Saikawa is aiming to hold his first face-to-face discussion with Renault SA’s new Chairman Jean-Dominique Senard on Thursday. The meeting will be held on the sidelines of an alliance…
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…
Ceconomy is Europe’s biggest consumer electronics retailer. On Wednesday, Freenet, a German telecom company stated, it continues to remain committed to its investment in Ceconomy, Europe’s biggest consumer electronics retailer. Its commitment is despite issues which prompted the departure of its chief executive last month. “I still believe in the company,” said Christoph Vilanek, Freenet’s…
The development underscores VW’s near-long term strategy post 2020. Volkswagen’s Chief Executive Herbert Diess told Automotive News, the carmaker is likely to build up to 50 million electric cars on its new electric vehicle platform. VW is also looking to expand its manufacturing footprint in the United States. “We set up the plant in Chattanooga…
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