More and more auto manufacturing companies are being pushed into consolidation deals. Fiat Chrysler brings a “transformative” proposal to its rival Renault, which involves an “all-share merger”. The news was announced by the Italian-American auto manufacturer on Monday, May 27, 2019. This step...

The component manufacturer has supplied millions of sensors with unauthorized software to various automakers. Bosch refused to challenge the court’s decision and will transfer the money within a month and a half. Bosch will also pay a large fine within the diesel scandal after the Volkswagen, Audi...

The aim of state owned Saudi Aramco to become a major player in the growing international gas market, it would be purchasing liquefied natural gas from San Diego, United States-based utility Sempra Energy. An agreement to the effect was recently signed between Sempra LNG and Aramco Services...

The launch of the new Honor smartphones by the embattled Chinese tech giant Huawei apparently set aside all uncertainties over the future of its devices business as the company confidently displayed its technological development and prowess in smartphones.   Google’s Android platform is used...

Creating new campus and jobs have become widespread in the U.S. market. The largest retailer of the world, Walmart Inc is also the biggest employer in the private sector, which has disclosed its plans to construct “a new corporate campus”. This move comes in the footsteps of its rivals like...

Air China, China Southern and China Eastern airlines require Boeing to pay for losses occurred because of 737 MAX 8 aircraft and transfer of ordered aircraft of this series. According to Chinese state-owned media China Southern Airlines, China Eastern Airlines and Air China will seek payments from...

The Chinese smartphone maker Huawei is doomed to failure without the Android operating system, the use of which has been banned by Google, analysts say. The vendor has already begun developing its own operating system, but its chances of conquering the European market are very slim. Huawei, one of...

Concerns over the saturation of the electric car market prompted analysts at Morgan Stanley to peg the share price of United States electric car maker Tesla at just $10 in a worst case scenario. This was another blow to the electric car maker in recent times which has been plagued by a string of...

The younger population in the United States has again boosted the credit card industry of the country.   Since the global financial crisis of 2008, there was a decline of the popularity of credit cards especially among consumers in their 20s even though it has been amongst the most popular...