With China slowly loosening regulation on foreign investments, investments and more JV are expected. The trade war with the U.S. is pushing Beijing to play nice with foreign investors. On Thursday, BMW disclosed it was in the process of developing a joint venture with a Brilliance, a Chinese firm. The German carmaker did not confirm…
While the automotive industry typically takes years of planning to place its assembly lines, Tesla accomplished the task in 2 weeks. According to an employee from Tesla Inc, the carmaker’s CEO Elon Musk, is doing all he can, even if it is disrupting the production of the Model S and X, in his drive…
According to the CEO of Society of Motor Manufacturers and Traders (SMMT), Britain’s biggest car manufacturing lobby, “There is growing frustration in global boardrooms at the slow pace of negotiations”. On Tuesday, Britain’s biggest car manufacturing lobby, the Society of Motor Manufacturers and Traders (SMMT), stated the lack of clarity over Brexit has diminished new…
Trump’s solar tariffs are likely to impose a high cost on the U.S. economy in the short term. In the long run, job creation is likely to be minimal since plants are increasingly moving towards automation. With U.S. President Donald Trump imposing stiff tariffs on solar panels, U.S. renewable energy companies have had to either…
Toshiba Memory, the world’s second biggest NAND chip producers, will need to a host of technologies under its belt before it can produce next generation memory chips. On Monday, Bain Capital, which led a consortium of companies in the $18 billion acquisition of Toshiba’s NAND memory business, stated it will support “the business in pursuing…
Although the U.S. action could result in a tit-for-tat trade war, its biggest impact would be the breakdown of supply chain of multinational giants, including Apple Inc and General Motors Co. The presidential memorandum signed by U.S. President Donald Trump, which targets up to $60 billion in Chinese goods, is the start of a long…
Hackers have managed to gain access to a treasure trove of critical information, including, names, phone numbers, payment card details, billing addresses and e-mails from the partner platform of Orbitz, a subsidiary of Expedia Inc. Orbitz, a subsidiary of online travel agency Expedia Inc has disclosed that hackers have been able to access personal information…
The results of the survey is in sharp contrast to official data released by Britain. On Monday, in sharp contrast to downbeat official data released last weak by Britain, the country’s services sector reported its first rise in profits in more than two years. According to the Confederation of British Industry, the volumes and the…
French Prime Minister made it amply clear that France will not tolerate any takeover which is deemed as hostile for its national industries. On Monday, French Prime Minister Edouard Philippe made it clear that the French government will put its weight behind national companies and will not allow any takeover that are deemed as hostile.…
The report by Brookings Institution is an eye opener. Brookings Institution, a Washington think tank, has conducted a study which concludes that digital tools are increasingly playing a pivotal role in transforming every workplace across industries in the U.S. According to the study, the usage of digital tools has increased dramatically in 517 of 545…
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