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NEW YORK: General Motors Co said it would wind down its Australian and New Zealand operations and sell a Thai plant in the latest restructuring of its global business, costing the United States auto maker US$1.1bil.
Qualcomm Inc announced a computing system for autonomous vehicles designed to handle everything from lane controls to full self-driving that it aims to have on the road by 2023.
LONDON: Helicopter cash, climate crises, smart cities and the space economy -- investors have all those possibilities ahead as they enter the third decade of the 21st century.
THE global economic environment remains fraught with uncertainties.However, one thing is clear, and that is, the risk of a global recession in 2020 remains low.
MILAN: PSA and Fiat Chrysler agree to combine.
GEORGE TOWN: MMS Ventures Bhd expects to secure at least RM20mil worth of orders for its vision and test equipment in the first quarter of 2020.
SEOUL: South Korea’s LG Chem, one of the leading electric vehicle (EV) battery makers, expects global sales of EVs to grow more than five-fold from 2018 levels to account for about 15% of global vehicle sales in 2024, it said.
The banking sector weighs in on Budget 2020
Tokyo: Convincing the stakeholders of Renault SA and Fiat Chrysler Automobiles NV on the merits of a merger may be the easy part. The hard task is selling the deal to Renault’s alliance partner Nissan Motor Co, as well as labour groups and politicians wary of job cuts.
MILAN: Fiat Chrysler and Renault are in talks on a comprehensive global tie-up that could address some of the main weaknesses of both carmakers, two sources with knowledge of the discussions told Reuters.