On Monday, in a significant development South Korea’s LG Electronics Inc said it will stop the production and sales of its loss-making smartphone division. Earlier this year in January, LG had announced that it was considering all options for the business after recording nearly six years of losses totaling to nearly $4.5 billion. Talks to…
In a significant development, Honda Motor stated, it will end its participation as an engine supplier in the FIA Formula One World Championship at the end of the 2021 season and will instead focus on zero-emission technology. The development was made by Honda Motor’s CEO Takahiro Hachigo during an online news conference. “This is not…
Engineers have come up with a machine that can bombard shopping carts with ultraviolet rays and sanitize them. As a result, wiping down supermarket trolleys with disinfectant to stem the spread of the Wuhan Coronavirus disease may soon be a thing of the past in Belgium. The device is being tried out in three stores…
Industry groups are pushing back proposed changes to U.S. export controls regulations which are aimed at curbing the sale of high technology chips to Chinese companies, highlighting the role played by chips in addressing the COVID-19 pandemic. Nine industry groups have urged U.S. Commerce Secretary Wilbur Ross to allow public comments before allowing the rules…
In a statement, Alphabet Inc said, Google has published reports for 131 countries which show whether stay-at-home measures, to stem the footprint of the Wuhan Coronavirus, adopted by government are working. Google analyzed location data of billions of phone users to create a dataset which health authorities can use to assess if people are abiding…
On Tuesday, in a statement Airbus said, it is stopping production and assembly activities at its plants in France and in Spain for the next four days. Both governments are implementing new measures to restrict the movements and fight the coronavirus outbreak, said Airbus. “This will allow sufficient time to implement stringent health and safety…
In a significant development, for the first time in 20 years, in January 2020, Boeing Co will halt the production of the 737. The development comes in the wake of the two fatal crashes of the 737 MAX, which led to the grounding of the plane worldwide in March. The halt in the production of…
The joint venture, BAIC-Xiaoju New Energy Auto Technology Co. Ltd, will see the two collaborate on new energy vehicles as well as artificial intelligence projects. On Monday, as per a statement released by China’s Didi Chuxing, it had set up a joint venture with BAIC’s Beijing Electric Vehicle Co., in order to work on new…
In recent years, faced with rising costs and a slump in sales, Samsung has shifted the bulk of its mobile production plants in facilities in India and Vietnam. A spokeswoman from Samsung Electronics has stated, the company will suspend operations at one of its mobile phone manufacturing plants in China. The development comes midst rising…
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