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To Reverse U.S. Sales Slide, Hyundai Will Launch More SUVs And Pickup Trucks

The United States is one of the Korean automaker' – Hyundai Motor’s most important markets and as part of a broader plan to catch up with the consumer and industry wide trend of a shift away from sedans, the Korean company now plans to launch a pickup truck in the U.S., according to a senior...

In Major Strategic Shift, Hyundai Plans Long-Range Premium Electric Car

As Hyundai Motor Co seeks to catch up to Tesla and other rivals, the company said on Thursday that it was placing electric vehicles at the center of its product strategy - one that includes plans for a premium long-distance electric car.   As Tesla shot to prominence and battery-powered cars...

Majority Of Air Berlin Planes Looking To Be Bought By Germany's Lufthansa

Even as the government and rivals race to carve up insolvent Air Berlin, media reports quoting people familiar with the matter said that Germany's Lufthansa is considering buying a majority of insolvent Air Berlin's aircraft.   After shareholder Etihad Airways withdrew funding following...

In Qatar Rift, Arab Bloc Won't Discriminate Against U.S. Firms: Reuters

U.S. companies doing business with them would not be punished for also working with Doha, four Arab countries that imposed sanctions on Qatar have told the United States, reported Reuters citing information from four sources with knowledge of the matter.   Due to concerns they could fall...

Toshiba Likely Avoiding Delisting For Now As It Wins Auditor Sign-Off

While the future of Toshiba Corp remains uncertain with no progress in talks to sell its chips unit for much-needed cash, but after its auditor signed off on its financial results albeit with criticism of its governance, the Japanese conglomerate has likely avoided immediate delisting.  ...

Microsoft And Kaspersky Lab Patch Up As The Later To Withdraw Antitrust Complaints

After the U.S. technology giant Microsoft agreed to change how it delivers security updates to Windows users, the Moscow-based cyber security firm Kaspersky Lab has said that it was ready to withdraw its antitrust complaints made in Europe against the U.S company.   It is almost a year that...

$1.6 Billion U.S. Plant To Be Built And Electric Cars To Be Developed As Toyota And Mazda Link Up

As part of an alliance that will also see the Japanese automakers jointly develop electric vehicle technologies, Toyota Motor Corp and Mazda Motor Corp plan to build a $1.6 billion U.S. assembly plant, the two said on Friday.   Extending its dominance in Japan's auto sector. Mazda will take...

Healthy iPhone Sales Results In Apple Shares Sailing To Record High

Apple Inc stocks were driven 6 percent high an all-time high in after-hours trading after the company signaled that its upcoming 10th-anniversary phone lineup is on schedule and delivered surprisingly strong fiscal third-quarter earnings.   After the company reported better-than-expected...

What’s’ Next For Toshiba – As Toshiba's Sale Of $18 Billion Chip Unit Gets Stalled

Concerns over how fast the Japanese conglomerate Toshiba Corp can plug a multi-billion-dollar balance sheet hole left by the collapse of its U.S. nuclear business were raised after stalling of the company’s talks to sell its prized memory chip business.   Toshiba is the world's...

After Warnings Of 'Manufacturing Hell' Issued By Musk. Tesla Sees Drop In Share Price

As the electric car maker Tesla ramps up production of its new mass-market Model 3 sedan, Chief Executive Elon Musk warned that the electric carmaker would face "manufacturing hell” following which there was a drop of 3.5 percent in the shares of the company.   As he handed over the first 30...

As 1Misses $600 Million Payment, Abu Dhabi Gives New Deadline

A dispute hanging over Southeast Asia's third-biggest economy was further complicated after the troubled Malaysian state fund - 1Malaysia Development Berhad's (1MDB), failed to make a $600 million payment on Tuesday and Abu Dhabi's sovereign wealth fund has given 1MDB five days to make the payment....

As Rivals Stumble, Power Of Ad Duopoly Shown By Google And Facebook

The assumption that the digital advertising market is effectively a duopoly, a dynamic with deep implications for two of Silicon Valley's titans, was provided fresh evidence by quarterly results from Alphabet Inc and Facebook Inc.   While smaller rivals such as Snap Inc and Twitter Inc...
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