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Rout At The Stock Market Sees Tesla Loosing A Third Of Its Value

The value of the shares of Tesla has dropped by a third of what it was at its record high in January which also marks the third time that there has been a dramatic correction in the price of the stocks of the United States based electric car maker in about a year.   In recent weeks,...

Toyota VC Making Serial Investments In AI Startups To Refine Everyday Production Processes

The Japanese car maker Toyota Motor Corp is making large investments in startups through its first venture capital fund and the car maker hopes that it will be able to refine its everyday processes by implementing sharper supply-chain management and robotics to the manufacturing process of the...

Tesla's US Market Share Being Clawed Into By Ford's Mustang Mach-E

Ford's Mustang Mach-E is apparently eating into the market for electric car maker Tesla in its home market of the United States in the electric car segment.   In February, the market share of Tesla in the EV segment in the US dropped from 81 per cent a year ago to 69 per cent, according to...

Gap Expects Sale Growth In 2021 Driven By Athleta Brand And Covid-19 Vaccine Roll-Out

The apparel retailer Gap Inc expects demand and sales of products under its Athleta brand to double within the next two years, and along with the roll out of Covid-19 vaccines will bring in more customers to its stores which prompted the company to forecast a return to sales growth this year....

GM Talking With LG Chem To Build Second Battery Plant In US

United States based auto giant General Motors Co is considering plans to setting up of its second battery making unit in the US in partnership with South Korea’s LG Chem Ltd, the auto maker said.   It is "exploring the feasibility of constructing a second, state of the art battery cell...

Exxon To Curb Shale Production To Lower Costs And Preserve Dividend

The focus of Exxon Mobil Corp is now on cutting down on costs and preserving dividends to win back investors who have not been impressed with the strategies of the company which has been allegedly overspending for years. This strategy change has forced the company to scale down its targets and...

Amazon Signals Global Expansion Intent With Its First Cashierless Store In Grocery Segment

The first ever physical store outside of its home market of the United States was opened by the largest online retailer of the world Amazon.com Inc in the United Kingdom on Thursday.   The new state of the art cashierless store, which the company has christened as "Amazon Fresh" will be...

Volvo To Make All Its Model Fully Electric By 2030

With a number of global auto companies already initiating plans to slowly phase out fossil-fuel engines by the end of this decade, the bandwagon was joined by the Chinese owned company Volvo. The company said on Tuesday that it would transform its entire car line-up completely electric by 2023....

Households Without Children Drives Subscriber Growth Of Disney+, Says CEO

Walt Disney Co has been able to easily surpass its initial projections for subscriptions to its Disney+ video streaming service last year. And the reason behind this growth has also surprised officials of the company.   Disney’s Chief Executive Bob Chapek said on Monday that the company was...

Nvidia Beats Quarterly Revenue Estimates Amid Tight Supply Of Its Gaming Chips In Stock

The chip maker Nvidia Corp beat estimates of the market for its revenues generated in its first quarter and the company expects continued tightness in supply of its flagship gaming chips for over the next several months.   There has been high demand for chips that speed up video games all...

Aston Martin Expects To Achieve Profits In 2021 After Dismal Loss Last Year

The luxury car maker Asto0n Martin is hopeful of emerging out of the pandemic induced slump and expects that its will be able to increase its sales in 2021 by almost double of last year and thereby claw back towards profitability.    This struggling car maker was forced deeper into...

Water Trucks Being Ordered By Taiwanese Chip Makers Due To A Drought

The increasing restriction put by the administration on water supply because of a drought in the island is forcing the chip makers of Taiwan to purchase water by the truckload for use in some of their foundries.   This shortage of water for chip manufacturing has raised concerns that the...
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