Despite the novel coronavirus pandemic in 2020 caused huge disruption to the global auto industry and upended supply chains of auto companies, the German car maker Volkswagen has ended the tormenting year with a profit of more than $12 billion.   Volkswagen is expecting to achieve operating...

German auto maker Audi will make luxury electric vehicles in China in a joint venture with China's oldest carmaker FAW.   Hongqi - or Red Flag – limousines that are used by the China's communist party leaders, are among the pride products of FAW, the third largest carmaker of China. In...

The ownership restructuring plans of the South Korean electronics giant Samsung Electronics could get delayed because of a court sentenced passed against the vice chairman of the company Jay Y. Lee for a jail term of two and a half years on Monday. The patriarch of the company and Lee’s father had...

The first foreign company in China to own a 100 per cent control of a payment platform in the country is Holding Inc, according to data available from the Chinese government.   This is a boost to the aim of the United States based fintech giant to make larger inroads into the booming Chinese...

With people in lockdown in the United Kingdom because of the second wave of Covid-19 pandemic ordering more deluxe range products online, "record" sales over Christmas was reported by the largest retailer of the UK – Tesco.    In the six weeks to 9 January, there was an 8.1 per cent...

Profit forecasts by the online retail company that was recently went public, The Hut Group, which is owned and run by the Matthew Moulding, have been raised after the company experienced strong demand and sales for its beauty and sports nutrition brands during the novel coronavirus pandemic era....

More bespoke electronics is planned to be created by Samsung to increase appeal of its products for youngsters.    During the third quarter, an increase in sales for its fridges and cleaners during the pandemic was witnessed by the South Korean electronics giant while it also recorded a...

According to a report published in a South Korean local newspaper Korea IT News on Sunday, a partnership deal is to be signed between Korean auto maker Hyundai Motor and Apple Inc for autonomous vehicles by March this year and the two companies plans to begin production by about 2024. .  ...

In its efforts to start a “full-function” studio in Shanghai or Beijing and thereby design electric cars that are specifically suited to fulfil Chinese consumer tastes, United States based electric car maker Tesla is searching for a design director in China, claimed a report published by the news...

Google Play Store’s rules on loan repayment lengths aimed at protecting vulnerable borrowers have been violated by at least 10 Indian lending apps on the Store. These apps have been downloaded millions of times, claimed a Reuters report based on analysis of such services and more than a dozen...

A total of $5.6 billion was shaved off the value of their Hong Kong-traded shares for three Chinese telecom companies at the end of last week after the stocks of three companies were announced to be dropped off from their benchmarks by the index providers MSCI Inc, FTSE Russell and S&P Dow...