Ford rethinks electric vehicle (EV) strategy
Ford Motor is undergoing a strategic shift in its approach to electric vehicles (EVs), as CEO Jim Farley announced a reassessment of the company’s EV [more…]
Category: U.S.
Adam Neumann pursues WeWork acquisition
Adam Neumann, the co-founder of WeWork who was ousted from the company in 2019, is reportedly seeking to buy back the real estate company out [more…]
Novo Holdings to acquire Catalent in $16.5 billion deal
Danish pharmaceutical giant Novo Nordisk’s parent company, Novo Holdings, announced on Monday its plans to acquire drug manufacturer Catalent in a $16.5 billion deal. This [more…]
Toyota and General Motors issue urgent warning for 61,000 older vehicles over Takata airbag risk
In a joint statement released Monday, Toyota and General Motors have issued an urgent warning to owners of approximately 61,000 older Corolla, Matrix, RAV4, and [more…]
Lucid Motors secures aluminum supply deal with Ma’aden Rolling
Lucid Motors, the US-based electric carmaker, is poised to fortify its supply chain with high-quality aluminum panels through a strategic agreement with a subsidiary of [more…]
Kubota North America fined $2 million for false claims
The U.S. Federal Trade Commission (FTC) has announced that tractor-maker Kubota North America will pay a $2 million civil penalty for falsely labeling some of [more…]
United Airlines eyes Airbus A321 neo jets amid Boeing 737 MAX 10 delay
United Airlines has reportedly approached Airbus about purchasing additional A321neo jets to potentially fill a gap left by the delayed Boeing 737 MAX 10. This [more…]
Pemex debt recovery, SLB gets back $560 million of more than $1 billion owed
In a recent development, Schlumberger (SLB), the world’s largest oil services company, announced that it has successfully recovered $560 million of the $1.015 billion owed [more…]
Spotify to offer audiobooks and subscriptions in Europe, bypassing Apple’s fees
Spotify announced on Wednesday that starting in March, its European users will be able to purchase audiobooks and subscription plans directly within the music-streaming app. [more…]
Amazon fined for intrusive worker monitoring in France
France’s privacy watchdog, CNIL, has wielded its authority, slapping Amazon’s French warehouse business with a hefty 32 million euro fine ($35 million) for what it [more…]