2019 has been a very good year for the German high-performance car manufacturer Porsche. The company has said that the last year was one in which the company sold record number of its cars world wide.   More than 280,800 vehicles were delivered to its customers in 2019 by the company which...

Mining companies around the world have warned of higher demand for minerals with a shift in the consumption and usage pattern of minerals such as in the use of more rare minerals for electric vehicles.   While agreeing that there is a rising demand for electronic products means new mines...

Top managers of Nissan Motor Co have stepped up preparation of a secret plan to exit the alliance with Renault after the ex-head of both companies Carlos Ghosn fled from Japan, the Financial Times writes. The plan provides for a complete refusal to cooperate with Renault both in the development of...

The State owned Saudi Arabian oil behemoth Saudi Aramco has extended its record fund generation form its initial public offering (IPO) to $29.4 billion, the company announced on Sunday, with the help of selling off an additional 450 million shares at the stock market through its right of exercising...

China’s dream of development of a homemade commercial aircraft that can rival the ones from Boeing and Airbus is going slower than expected. A recent report by the news agency Reuters claimed that the process of development of China’s C919 single-aisle plane, which has been running late by 5 years...

According to the results of 2019, the German BMW Group again reached a record level of sales of 2.52 million cars, which is 1.2% higher than the previous year, the company said. This is the ninth consecutive year that the company has shown record sales. “The company has been confirming its position...

A new report by a research firm has claimed that there are “multiple” security vulnerabilities in the popular Chinese video sharing app TikTok which has gained huge popularity in many market such as the United States and India.    It would be possible for hackers to gain access and...

Shortly after the former boss of Nissan Carlos Ghosn, who had fled Japan jumping bail over charges of financial misconduct, made scathing criticism of the Japanese legal system, Justice Minister Masako Mori said on Thursday that the accusations made by Ghosn about the legal system of Japan are...

South Korean automaker Hyundai Motor and the United States based ride hailing firm Uber has decided to join resources to jointly develop electric air taxis, the companies said in a statement. This is another partnership between companies in the auto sector to leverage their position in the race for...