Ford plans to invest $1 billion & add 500 jobs in Chicago factories
The expansion is aimed at increasing the production of redesigned Lincoln Aviator and Ford Explorer.…
Amazon scales up online food retail biz after clarity on foreign FDI
E-commerce giant Amazon has reportedly expanded its wholly-owned food retail business, Amazon Retail India, as…
Robert Bosch & Fiat Chrysler agree to pay $66M in diesel legal fees
The German multinational engineering and electronics behemoth Robert Bosch GmbH and the London-headquartered automotive firm…
Walmart may exit Flipkart after new policies hit e-commerce in India
The American multinational investment bank Morgan Stanley has recently reported that Walmart is expected to…
Tesla signs acquisition agreement worth USD 218M with Maxwell
Globally reputed automotive company Tesla has apparently made an acquisition offer for energy storage firm,…
Nissan abandons plans to make the new X-Trail SUV models in the UK
The move comes in response to impending Brexit which is anticipated to affect the automaker’s…
Uber suspends UberX service from Barcelona amid new regulations
Globally leading ride-hailing service company Uber has recently unveiled that it has suspended its taxi…
Lyft, Juno sue NYC for implementing new minimum wage rule for drivers
The two firms oppose the newly passed rule that obligates paying drivers $17.22 per hour…
InsurTech firm Avinew secures USD 5 million in seed funding round
Avinew, the California-based InsurTech company which is focused on autonomous & semi-autonomous auto insurance, has…
Volkswagen and Ethiopia inks MoU to fuel regional automotive industry
In what can be termed as a significant move in the development of the Ethiopian…