Overcoming a key - albeit not its last - hurdle as it scrambles for funds to stave off a potential delisting, Japan’s Toshiba Corp has already said that it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP.   But underscoring fears that the 8-member...

By 2021, the ride services company - Lyft’s network, will have a large number of self-driving vehicles that would be manufactured by Ford Motor Co said as the auto-marker collaborates with the ride services company.   In order to allow Ford vehicles to communicate with Lyft’s smartphone...

In what is Alphabet Inc’s Google’s second major foray into phone hardware after an earlier costly failure, the company said that it would pay $1.1 billion for the division at Taiwan’s HTC Corp that develops the U.S. firm’s Pixel smartphones.   Roughly equivalent to one fifth of the Taiwanese...

In what is a key step in keeping the struggling Japanese conglomerate – Toshiba Corp, listed on the Tokyo exchange, the group agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP.   Toshiba agreed to sign a contract for the...

In what is the latest clamp-down on the risks involving virtual money, Switzerland’s financial watchdog is investigating around a dozen other possible fraud cases after the agency closed down what it said was the provider of a fake cryptocurrency.   A few days ago, Chinese authorities had...

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...

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...

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...

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...

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...

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....