Tesla’s upcoming vehicle assembly facility in Shanghai is expected to be completed in May this year, a Shanghai city government official said on Wednesday.
Dialog Semiconductor reported a slight rise in fourth-quarter operating profit and said revenue would decline this year as it completes a $600 million transfer of programmers and patents to iPhone maker Apple.
Zhejiang Geely Holding’s Chairman, Li Shufu, said on Wednesday China’s automotive industry faces restructuring and bankruptcies in the next three to five years as the industry transforms.
The European anti-trust watchdog plans to send formal complaints to BMW, Daimler and Volkswagen this spring, in which the EU regulator will make detailed allegations regarding collusion on emissions of diesel engines, Handelsblatt reported on Wednesday.
Grab is considering raising more funds from strategic investors, the president of Southeast Asia’s top ride-hailing firm said, after raking in over $4.5 billion in the region’s largest private financing round that included SoftBank’s Vision Fund. The Singapore-based firm continues to see strong interest from global investors after securing nearly $1.5 billion from the Vision Fund in a year-long round, Ming Maa told Reuters.
Philip Morris International Inc has for years paid manufacturing costs to its Indian partner to make its Marlboro cigarettes, circumventing a nine-year-old government ban on foreign direct investment in the industry, internal company documents reviewed by Reuters showed.
Facebook Inc has rejected an Australian regulator’s recommendation for greater scrutiny over the social network’s advertising market power and the ranking of news articles in customers’ feeds.
Ousted Nissan Motor Chairman Carlos Ghosn was released from jail on Wednesday after posting $9 million in bail, giving the executive fresh impetus to craft his defense against financial misconduct charges in Japan.
French Finance Minister Bruno Le Maire welcomed on Wednesday the release of former Renault boss Carlos Ghosn from jail in Japan.
Dialog Semiconductor reported a slight rise in fourth-quarter operating profit and said revenue would decline this year as it completes a $600 million transfer of programmers and patents to iPhone maker Apple.
Dialog Semiconductor said revenues would decline this year as it completes the $600 million transfer of programmers and patents to iPhone maker Apple, as it announced a 2 percent rise in fourth-quarter operating profits.
Asian stocks held their ground on Wednesday as Chinese equities rallied on stimulus hopes, although a resurgence in regional tensions capped broader gains with North Korea opting to restore part of a missile test site it had began dismantling earlier.
Ousted Nissan Motor Chairman Carlos Ghosn has posted $9 million in bail, paving the way for his release from jail as early as Wednesday and giving the executive fresh impetus to craft his defense against financial misconduct charges in Japan.
Automakers and technology companies racing to develop self-driving vehicles are running into a problem: cars that can think are no good without affordable and reliable technology that allows cars to see.
Ousted Nissan Motor Chairman Carlos Ghosn has posted $9 million in bail, paving the way for his release after more than 100 days in custody as he awaits trial on financial misconduct charges.
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