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VW Mulling Lamborghini Restructuring – A Sale Or IPO: Reports

The strategy of the German car maker Volkswagen to more than double its market value and transform the largest auto company is reflected in the plans of the company to review options for its Lamborghini supercar division.   According to reports, the company is mulling to either publicly list...

WeWork Burns More Cash By Fact Paced Opening Up Opens New Sites

While WeWork is still to recover from a failed attempt to get publicly listed last month, recent reports have shown that the company has opened up more new sites and locations in the last three and half months than it had done for the first six months of the year. This shows that the company is...

Lyft Files Case Against New York City Over New Cruising Following Uber

A case has been filed by the United States based ride hailing company Lyft Inc against the New York City in an attempt to seek to nullify a new rule that is aimed to reduce the period of time that the company’s drivers can spend cruising around Manhattan without any passengers on board, the ride...

Boeing And Porsche To Jointly Develop Electric Flying Cars

Flying cars may seem like something from a science fiction story. However the United States plane making giant Boeing is partnering with Volkswagen’s sports car brand, Porsche to design and develop a concept flying car that could be used for ferrying people in a city setting.   Boeing’s main...

Toyota Bets Strongly On Its Hydrogen-Powered Cars

While many of the largest auto companies of the world are engaged in a race to develop and roll out plug-in electric vehicles partly as a reaction to the demands of climate change, Japanese auto major Toyota is putting its bet by completely backing an alternative source of power for its cars....

Chilean Grocery Startup To Be Acquired By Uber After A Failed Attempt By Walmart

The Santiago, Chile-based startup online grocer Cornershop will have a investment from Uber against a major stake in the company which will allow the United States based ride hailing firm to expand its geographic reach and possibly enhance its profits by offering rides with food delivery.  ...

Walmart US President Appointed As New Chief Executive Of Air New Zealand

Walmart US president and CEO Greg Foran has been appointed as the new chief executive of the airline company Air New Zealand by the company’s board of directors.   Foran, a New Zealand-born, is currently in-charge of about 4500 retail stores United States of the largest retailer of the world...

Case Filed In Australia Against Bayer By A Local Farmer Over Alleged Cancer Caused By Its Weedkiller

An Australian farmer has claimed that he has developed a type of cancer that was caused by the weedkiller of Bayer AG’s agricultural chemicals unit Monsanto, following which the farmer has filed a legal case against the company, said the lawyer for the man on Friday.   According to Tony...

UK Court Clears Mass Case Filing Against Google Over Data Illegal Data Access

Mass action against Google can now be taken by iPhone users of the United Kingdom following a ruling by the Court of Appeal in London to allow the cases. This ruling overturned an earlier court ruling by high court preventing the filing of the cases. The case is centred around allegations that...

Tesla To Start Production In Its China Factory By This Month: Reports

According to reports, the factory set up by the United States based electric car maker Tesla is slated to begin production as early as this month. However the reports, quoting unnamed sources with knowledge of the matter, also warned that it was not clear whether the company would be able to meet...

Fiat Chrysler To Settle SEC Charges Of Fudging Car Sale Numbers For $40 Million Fine

Charges against Fiat Chrysler of allegedly lying for years to its investors about the number of cars it was selling will be settle after the auto company agreed to pay a $40 million fine.   According to a statement from the United States Securities and Exchange Commission (SEC), a data base...

With An Eye On Growth In Europe, Google To Open Up Cloud Hub In Poland

With an eye to tap into the growing sale opportunities for cloud computing all across Europe, the United States based search engine giant Google is going to set up a new cloud computing hub in Poland, the company announced on Friday.   This announcement also is reflective of the aim the...
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