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Volkswagen tripled sales of battery-only cars in 2020 1/13/2021 Volkswagen said Tuesday its namesake brand sold 134,000 battery-powered cars last year, up from 45,000 in 2019. Upstart EV company received order for its 100,000th pickup truck 1/13/2021 The light duty truck has a range of about 250 miles and is mainly being marketed to commercial customers such as utility companies and municipal governments. Intel in talk to use outside foundries 1/12/2021 The Santa Clara, California-based chipmaker had approached Samsung Electronics and Taiwan Semiconductor Manufacturing Co. (TSMC) about a potential partnership, according to the sources. Talks with Samsung Electronics are at a more preliminary stage, the sources added. China's top EV maker join hands with Internet company on electric cars 1/12/2021 Chinese automaker Geely says it will form an electric car venture with tech giant Baidu, adding to a flurry of corporate tie-ups in the industry to share soaring technology development costs. New legislature shuts down foreign bribery, drug trafficking and terrorists financing 1/12/2021 For the first time, shell companies will be required to provide the names of their owners or face stiff penalties and jail sentences. The information will be stored in a confidential database accessible to federal law enforcement and shared with banks who are often unwitting accomplices to international corruption. Semiconductor shortage is forcing major auto companies to halt production 1/12/2021 Officials at Volkswagen, Ford, Fiat Chrysler, Toyota and Nissan all say they have been hit by the shortage and been forced to delay production of some models in order to keep other factories running. U.S. puts retalitive tariff towards French goods on hold 1/11/2021 Negotiations on a global tech tax deal at the Organization for Economic Cooperation and Development stalled after the Trump Administration pulled out last summer. France and others hope that the Biden Administration will be more amenable to reaching a deal. Fiat Chrysler to build the New Grand Cherokee L SUV in Detroit factory 1/11/2021 The company invested $1.6 billion to revamp two old engine plants so they could build new versions of the popular SUV. It hired 3,850 people to work at the company's first new auto plant in Detroit in nearly three decades. SBA to push another round of funding for small business 1/11/2021 The Small Business Administration and the Treasury Department are preparing to revive the PPP five months after its first two rounds of funding ended. In the latest round, businesses that received loans last year will be able to borrow up to $2 million as long as they have no more than 300 employees and suffered at least a 25 percent drop in quarterly revenue. Now that the MAX is flying again, Boeing still owes $2.5 billion for the settlement 1/11/2021 The government and the company said Thursday that the settlement includes money for the crash victims’ families, airline customers and a fine. British regulators to investigate if Nvidia's $40 billion purchase of Arm affects competition 1/8/2021 It will examine whether the deal will give Arm "an incentive to withdraw, raise prices or reduce the quality" of its services to Nvidia's chipmaking competitors. NYSE flip-flop its decision on delisting Chinese telecom stocks 1/8/2021 The decision marks the latest about-face for the NYSE on whether to delist the companies in accordance with Trump's executive order from November barring Americans from investing in securities issued by companies deemed to be linked to the Chinese military. Apple put climate change goal into executive bonus formula 1/8/2021 Reuters says the company will modify the bonuses “whether the executives act within the company’s social and environmental values.” U.S. trade deficit jumped to the highest in 14 years 1/8/2021 The November gap between what America buys from abroad compared to what it sells abroad rose by 8% from the October deficit of $63.1 billion, the Commerce Department said Thursday. California Gov. Gavin proposed $4 billion post-pandemic recovery package 1/7/2021 Newsom is set to release his new budget proposal on Friday. But Tuesday, he offered a preview by revealing more than $4 billion worth of state spending aimed at creating jobs and helping small businesses. Trump orders ban on eight Chinese online payment Apps 1/7/2021 The order marks the Trump administration’s latest attempt to hobble China. Amazon bought 11 jets 1/7/2021 It's the first time it has purchased planes for its delivery network. Over the past couple of years, Amazon has been leasing planes to build its fleet. Walgreens sells wholesale business to refocus on drug retail 1/7/2021 Walgreens says it will now have the flexibility to invest in and focus on its retail business which, like others, has been rattled by the COVID-19 pandemic. U.S. retracted stock delisting on three Chinese telecom companies 1/6/2021 Trump's November order bars Americans from investing in securities issued by companies deemed by the Defense Department to be part of efforts to modernize the Communist Party's military wing, the People's Liberation Army. U.S. manufacturing grew 1/6/2021 Gauge of manufacturing activity rose to 60.7% last month, the highest reading since it stood at 60.8 in August 2018. The gauge was up 3.2 percentage points from a November level of 57.5. Teledyne Technologies to acquire FLIR Systems for $8 billion 1/6/2021 FLIR sells cameras and thermal imaging equipment, and Teledyne is likewise known for its imaging and sensor systems. Teledyne called the two companies’ products "uniquely complementary with minimal overlap." Chinese Communist party will not tolerate even Jack Ma 1/6/2021 Ma’s latest gambit backfired after he called regulators too conservative in an Oct. 24 speech and urged them to be more innovative. They halted the impending stock market debut of Ant Group, an online finance platform that grew out of Alipay. Alibaba’s share price sank. New FAA drone flying rules to boost commercial usage 1/5/2021 Drones are the fastest-growing segment in all of transportation, with more than 1.7 million under registration, according to the Transportation Department. U.K. approved the use of AstraZeneca vaccine 1/5/2021 The rollout of the new vaccine comes at a crucial moment for U.K. authorities, who are battling a surge in infections blamed on a new virus variant that authorities have said is much more contagious. Fiat Chrysler - PSA merger could jeopardize the Chrysler brand 1/5/2021 Analysts say the Chrysler brand could be in jeopardy in the U.S., where it has only two models, the aging 300 sedan and the Pacifica minivan. U.S. sales of the brand were off 19% through October.  152  |  153  |  154  |  155  |  156  |  157  |  158  |  159  |  160  |  161

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