In what is the largest restructuring in the company in its North American unit of General Motors since it faced bankruptcy about a decade back, the US car manufacturer is set to reduce production, bring an end to making a number of its slow-selling models, and reduction of the workforce in the...

Banker Goldman Sachs is deeper into scrutiny for its alleged role in the 1MDB embezzlement scandal following the filing of a law suit against the bank by An Abu Dhabi sovereign wealth fund for losses related to the 1MBD scandal.   The investment bank was named as a defendant in a summons in...

According to a communiqué by the Finnish firm and former global leader in mobile handset manufacturing, Nokia issue on Thursday, there is a major reshuffle going on thin the management of the company.   Thursday’s press communiqué by Nokia announced the leaving of the Finnish company by its...

US based electric car maker Tesla is aiming to capture the Chinese market as has been evident from its most recent pricing strategy where the company announced on Thursday about a reduction in offer prices for its Model X and Model S cars for Chinese consumers. While the company is already facing a...

An addition of a 1000 new electric vehicles would be made in the huge fleet of FedEX in its strategy to accelerate its strategy of complete electrification of its fleet. The vehicles would be delivered by electric vehicle maker Chanje, announced the company on Tuesday.   The global...

A day after he was arrested in Japan for alleged financial misconduct as the Chairmen of Nissan, the French government has urged the Renault, in which the French government has a take, to also remove Carlos Ghosn as the CEO of the car maker. However, the government also urged the car maker to...

According to media reports and indications on its website, Tesla has begun accepting orders for its Model 3 electric car from consumers in China.   Reuters was the first to report this development by the all electric car manufacturer of the US.    The information and the report...

German car maker Volkswagen (VW) plans to compete with US based electric car maker Tesla on price as VW is planning to develop a subcompact crossover to its all-electric I.D. range which would be priced at about $21,000 which would be more affordable than the Tesla cars, according to media reports....

US company tractor manufacturing firm Deere & Co is eyeing expansion in Africa which would be driven increased demand and expansion in crucial markets such as Ethiopia and Zimbabwe. The company said that it anticipates demand for its products in Africa would help increase its growth rate to 8...

Chinese tech company Huawei potentially wants to rival the likes of Google and Amazon in the sphere of virtual assistants as the company is working on the development of its own voice assistant which would work outside of China.   Huawei already has a voice assistant that it has developed...

While earlier comparing Facebook – the largest social media platform in the world, to cigarettes, tech entrepreneur and billionaire Marc Benioff continued his tirade against the social; media platform in an interview with NBC News.   "I've been saying this now for a while... You look at...