Germany’s Luxury car maker Mercedes-Benz wants to build electric and self-driving cars and is therefore embarking on implementing a huge cost cutting plan to release available cash for investing the new age technology based vehicles. Markus Schaefer, a board member of Daimler said that this cost...

While the global coronavirus out break may have large impact on industries related to technology, air travel and the economy as a whole, there are some areas that may not be impacted as much as others such as product development.   According to analysts of the tech industry, it has been...

After the announcement of the cancellation of the Geneva International Motor Show over fears of spreading of the deadly coronavirus, their hottest new cars are being launched online by BMW, Porsche and Bentley. The 11-day show was to begin on Thursday.   Unveiling of new products and...

Despite the legal battles over its weed killing pesticide and the resultant financial fall out of the issue right throughout 2019, Bayer AG reported a 3.5 per cent year on year growth for its adjusted group sales for the fiscal year 2019 at 43.5 billion euros or $47.6 billion.    ...

Fears over the coronavirus outbreak forced the social media giant Facebook to cancel its annual developer conference. This was announced by the company amid increasing concerns among investors over the overall economic impact of the outbreak which drove down global financial markets for the sixth...

With the aim of addressing worldwide concerns about accusations against it by the United States that its telecommunication equipment are used by Chinese authorities for spying on western countries, telecom equipment making giant Huawei is set to open its first European manufacturing unit in France,...

Apple Inc was compelled to respond to a proposal from a shareholder criticizing the company’s decision to remove its app from the Chinese market after the proposal got relatively high level of support from other shareholders during the annual general meeting of the iPhone maker on February 26, said...

The spreading of the coronavirus outbreak to multiple countries outside of China could impact the supply chain of the company, Toyota Motor Corp said on Wednesday, which would in turn impact the operations in its factories in Japan. The auto maker predicted that the disruptions in its supply chain...

The strategic partnership that the Japanese firm Panasonic had struck with the United States based electric car maker Tesla as the sole and exclusive supplier of car batteries to for the Tesla cars is nearing its end and this was evident in the decision of the Japanese firm to exit solar cell...

In Africa, where farmers are able to hire a tractor with the touch of a button, United States firm Deere & Co. is partnering with the "Uber of tractors" in the continent to drive up sale for its tractors.   The ride hailing like service for tractors in Africa is offered by startup Hello...

World’s largest e-commerce company Amazon plans to expand more by introducing its cashier-less store technology to larger stores.   Amazon opened its ‘Amazon Go Grocery’, a physical store in the Seattle’s Capitol Hill which will be four times larger than the first cashier-less location that...