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A Robo-Taxi And 12 Zero-Emission Vehicles To Be Launched By Renault-Nissan-Mitsubishi By 2022, Chief Says

Alliance 2022, the group's new six-year plan was announced on Friday by Carlos Ghosn chairman and chief executive of the Renault-Nissan-Mitsubishi Alliance.   While a robo-vehicle ride-hailing service is also in the works, 40 vehicles with varying levels of autonomy are planned to be...

In Bid To Regain Innovation Lead, Apple Launches $999 iPhone X

Described in the words of Apple Inc. Chief Executive Tim Cook called as “the biggest leap forward since the original iPhone”, the much-anticipated iPhone X with a glass and stainless steel device with an edge-to-edge display was rolled out by the iPhone maker.    Since the leaks about...

Volkswagen Plans To Stick With Diesel Engines And Believes Tesla Is Not A Threat

The diesel engine has a "great future" ahead even though the current discussion regarding diesel cars is unjustified, says the chief executive of German automaker Volkswagen.   "The diesels we are offering today are clean. They comply with the Worldwide Harmonised Light Vehicle Test...

Will World Record Profit For Next Year's IPO Be Delivered By Aramco?

Oil giant Saudi Aramco must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO) when it discloses its financials for the first time next year.   Saudi Crown Prince Mohammed bin Salman wants to raise...

Nissan Takes EV Battle To Tesla With Longer-Range Leaf

Deciding to go head-to-head with Tesla Inc’s Model 3 and hoping to blunt criticism of limited driving ranges undermining EVs’ mass-market appeal, Nissan Motor Co Ltd launched a revamped Leaf electric vehicle (EV) on Wednesday.   By packing new technologies to make up for a shorter driving...

For Friction Over Chip Unit Sale, Western Digital CEO Apologized To Toshiba

After the U.S. firm - Western Digital Corp, sued to keep their chip joint venture from being sold to rival bidders, the company’s CEO apologized to his counterpart at Toshiba Corp for strained ties, according to an Aug. 11 letter.   As it scrambles to cover liabilities at its bankrupt U.S....

Challenge Thrown To Youtube For Ad Dollars By Launch Of Facebook's Watch

As the number one social media network – Facebook, vies with Alphabet Inc’s YouTube for advertising revenue, it launched its Watch video service to U.S. users on Thursday with plans to allow people to submit shows.   In recent years, there has been a shift among viewers who have migrated to...

BAT Wants E-Cigarettes Go Mainstream And Restructures Company Accordingly

In a push by the world’s biggest listed tobacco company to help cigarette alternatives go mainstream, British American Tobacco has reorganized its regional management structure to integrate its vaping products with its core business.   While the BAT portfolio that includes Lucky Strike...

In Bid To Reduce Costs, GE's New CEO Preparing Job Cuts: Sources

In an effort to cut spending and boost profits under its new chief executive, General Electric Co is making plans to significantly reduce corporate staff. The media reported quoting sources that were familiar with the situation that the company already has halted hiring in certain technology...

For Commercial Trucks, Ford Looks At Self-Driving Systems

Ford Motor Co is working with multiple partners to put its autonomous vehicles on the road nd the company is considering deploying self-driving vehicle technology in larger commercial vehicles, reported Reuters quoting, a senior Ford executive on Tuesday.   ”We’ve been talking with different...

For Toshiba Chip Unit, Last-Minute $18 Billion Bid Made By Bain As It Brings In Apple

By bringing in Apple Inc to help bolster its bid, a consortium led by Bain Capital has made a revised last-ditch offer for Toshiba Corp’s chip unit worth about $18 billion, reported the media quoting sources with direct knowledge of the matter.   Ahead of their self-imposed deadline of...

With Aim Of Bringing Business On iPhone, iPad Apps, Apple And Accenture Get Together

With the aim of helping businesses build better applications for iOS, the operating system that powers Apple’s iPhone and iPad, technology company Apple Inc (AAPL.O) and professional services company Accenture PLC (ACN.N) are getting together their resources, the two companies announced on Tuesday....
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