The number of combustion engine models in its portfolio will be slashed by the South Korean car maker Hyundai Motor Group in order to free up resources which can be used for making electric vehicles (EVs), said recent reports quoting source information.   The company plans to reduce the...

More than 200 billion yen ($1.8 billion) will be jointly invested by the Japanese car maker Nissan Motor and a Chinese-owned battery maker for building new battery plants for electric vehicles in Japan as well as in eth United Kingdom, said a report published by Nikkei.   According to the...

The San Francisco-based retailer Gap Inc now expects to see a continued increase in demand for new apparel with more people stepping out of their homes and socializing once again following a year when most were forced to stay back home because of the Covid-19 pandemic. This prompted the retailer to...

According to a report published in the Wall Street Journal reported on Thursday citing source information, Alphabet Inc's Google is close to settling an antitrust investigation in France which was initiated against it over allegations that the United States based tech giant had misused its market...

The ride hailing company Uber has agreed to allow a workers’ union at the company in the United Kingdom which is the first for the Silicon Valley company anywhere in its global operations.   The GMB union, the largest in the UK, will now be allowed to represent tens of thousands of Uber...

Some of the payments that was to reach from a joint venture for gas to Myanmar's junta have been suspended by the French oil and gas group Total and the United States based energy company Chevron.   The move has been praised by the pro-democracy activists who have hailed this as the first...

United States based auto giant Ford Motor Co plans to develop two dedicated all-electric vehicle platforms of which one will be used for making full-size trucks and SUVs while the other is to be used for cars and smaller SUVs.   According to analysts and experts, this is a part of Ford’s...

An Autopilot system that makes use of a set of cameras will be now used by the United States based electric car maker Tesla Inc and drop the radar sensor system for its Model 3 and Model Y vehicles in North America beginning this month itself, the company said on Tuesday.   This measure was...

It is likely that a reduced antitrust fine for the German car makers BMW and Volkswagen will be settled for by the European Union over use of clean air technology. According to reports quoting sources familiar with the matter, this likelihood surfaced following the EU narrowing down the scope of an...

The designation of the Chinese firm China's Xiaomi Corp of being a Communist Chinese Military Company (CCMC) as was imposed by the United States administration, was removed by a US court, the company said on Wednesday while also lifting all the restrictions imposed on the company including buying...

After a federal government investigation in the United States raised questions about the initial findings of a fatal crash involving a Tesla self driving car in Spring, Texas, last month, the US based electric car maker is seemingly still pushing ahead with a broader roll out of its autonomous...