German automaker Volkswagen AG announced a 11% decline in sales in China in January amid an outbreak of pneumonia caused by the Covid-19 coronavirus. Global car manufacturers have major operations in China, and analysts warn that the actual closure of a number of cities in China to limit the spread...

United States based Delta Airlines plans to become the first US airline to become completely carbon neutral over the next 10 years. The company has set a budget of $1bn to mitigate all of its carbon emissions from its global business over that period.   The United Nations has predicted that...

While attempting to restart operations at their Chinese factories that have been closed down temporarily because of the spread of the coronavirus, major auto companies are also trying to ensure that their operations and manufacturing at other does not get affected by shortage of supply of parts....

Its first annual loss in a decade was reported for 2019 by the French auto giant Renault. This forced the company to also cut down its forecast for 2020. The company is currently rebuild its image after the Carlos Ghosn scandal and further strengthen its relations with Japan’s Nissan in its...

Net loss of the Japanese electronic giant Toshiba Corporation for the first nine months of the financial year 2019-2020 (ended December 31) amounted to 145.63 billion yen (1.33 billion dollars); a year ago the company made a profit of 1.02 trillion yen ( 9.3 billion dollars), the company said in a...

Food giant Nestle has set for itself a new strategy for innovation with the setting up of new structures that will help to turn new and innovative ideas from both outside and inside of the company into marketable new products. This was said by the technology head of the company while talking to...

While there is a growing demand for private jets by wealthy passengers trapped in China to try and get out, the travel bans imposed by the Chinese government and a nervous crew have prevented the demand from turning into good business. The rapid spread of the coronavirus and the suspension of...

The American manufacturer Tesla is recalling 15,000 Model X SUVs due to a possible problem that could lead to loss of control over the power steering, Reuters reported with reference to the National Highway Traffic Safety Administration (NHTSA) and the Department of Transportation of Canada. 14193...

Amid the problems of the American company, its French competitor Airbus received 274 orders. Boeing's troubles began after two disasters involving 737 MAX airliners and the investigation that followed. In January, the American Boeing Corporation did not receive new orders for aircraft. This...