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Samsung appoints new mobile chief as Huawei lures away chip market shares
Samsung said on Monday, the 20th of January 2020, that the tech tycoon’s board of directors had appointed its youngest President ever as the head of its Smartphone wing
Business
Subaru unfurls mid-2030s target with an all-electric line up
Tokyo-based Japanese automobile company, Subaru Corp. said on Monday, the 20th of January 2020, that the automobile company would shift its auto business in to e-vehicle manufacturing by the first half of 2030s
Tesla moves closer to rolling out first European factory with German property buy
On Sunday, the 19th of January 2020, local authorities said that the US-based multinational e-vehicle manufacturer, Tesla Inc., had agreed to purchase a property at the outskirts of Berlin
EU Industry Chief denies strict security regulation could delay 5G
European Industrial Policy Chief, Thierry Breton said that relying on the European telecom gear manufacturers to develop the bloc’s fifth-generation network would not delay its rollout in to the EU countries
Elon Musk’s SpaceX successfully simulates emergency landing
On Sunday, the 19th of January 2020, e-vehicle industry titan, Tesla Inc. owner Elon Musk’s space venture, SpaceX had successfully simulated an emergency landing of an unmanned astronaut capsule
Founder of South Korean retail giant Lotte dies
Shin Kyuk-ho, the founder of S. Korean retail giant, Lotte Corporation that started off its history back in the June of 1948 in Japan as a chewing gam manufacturer, had died
Beijing gives go-ahead signal to import beef from Russia
On Friday, the Rosselkhoznadzor, Russian federal service for veterinary and Phytosanitary Supervision, said had obtained the required rights to export beefs to China, while deliveries would likely to begin as early as over the weekend
Myanmar and China ink dozens of deals to accelerate Belt & Road initiative
On Saturday, the 18th of January 2020, China, the world’s second-largest economy, had signed off dozens of agreement with its closest ally in the Southeast Asia, Myanmar, in a bid to step up infrastructure of its Belt & Roads initiatives
Boeing faces new software problem on 737 MAX, could delay grounding further
Late on Friday, Boeing Co. said that the Chicago-based world’s No. 1 low-cost aircraft carrier maker that had been at the verge of losing its crown to European rival Airbus SE, had discovered a new flaw at its 737 MAX autopilot software
UK’s Javid pledges to double up UK’s growth after Brexit
On Saturday, the 18th of January 2020, United Kingdom’s Financial Minister Javid said he was looking to double up nation’s underlying economic growth following its departure from the European Union on January 31st
Renault returns to growth at the end of 2019, cites cynicism on 2020 volume target
Earlier on Friday, the 17th of January 2020, Boulogne-Billancourt-based French multinational automotive industry behemoth, Renault SA had revealed its fourth quarterly delivery report, which had surprisingly beaten analysts’ estimate
Sinopec to review $16 billion US gas deal with Texas natgas company Cheniere
Hong Kong-, NY- and Mainland Shanghai-listed Chinese oil and gas company, Sinopec, had been mulling an option to turn the trading tables regarding its $16 billion natgas deal with Cheniere
US set to probe sudden acceleration complaints of half a million Tesla vehicles
On Friday, US NHTSA said in a statement that it would initiate review of a petition urging the agency to launch a formal investigation against roughly half a million Tesla Inc. vehicles over multiple reports of abrupt and unintentional acceleration
Toyota to move Takoma truck production to Mexico from US
Toyota Motor Corp. said on Friday, the 17th of January 2020, that the No. 1 automaker in Asia would soon move its production line of mid-sized Tacoma pickup trucks to Mexico from the United States
FCA, Foxconn plan to push into the lucrative Chinese e-vehicle market
On Friday, FCA said that the Italian-American automaker had been brewing an option to set up a JV with the US-based chipmaker Foxconn, in a bid to build electric vehicles and connected cars in China
Volkswagen to purchase 20% stake in Chinese e-vehicle battery maker Guoxuan
Wolfsburg-based German automaking group, Volkswagen AG has been exploring an option to purchase a 20 per cent stake in a Chinese manufacturer of e-vehicle batteries, Guoxuan High-tech Co. Ltd.
Swedish clothing retailer H&M to set out stores in Panama late 2020
On Friday, H&M said that the Stockholm-based Swedish fashion retailer would set out its first store in Panama at the end of 2020, remarking the long-hailed Swedish fashion giant’s first footstep in to Central American markets
Amazon orders electric vans from Deutsche Post’s StreetScooter
Washington-based Amazon.com Inc., had issued a statement saying it had ordered 40 e-vans from the Aachen-based German electric vehicle manufacturer, StreetScooter, owned by Deutsche Post
Cyber security firm McAfee hires new CEO
On Thursday, McAfee LLC. said in a statement that the Santa Clara-based computer security company had appointed former Chief Executive of BMC Software, Peter Leav, as its new Chief Executive
Tesla to create Chinese-style e-vehicles, set to open design & research centre
The most dominant player in the e-vehicle industry thus far, Tesla had been mulling an option to roll out a research and design centre in order to create “Chinese-Style” vehicles in China
Alphabet Inc.’s public market valuation joins trillion-dollar club
On Thursday, the 16th of January 2020, Mountain View, CA-based American multinational conglomerate, Google-parent Alphabet Inc., had joined the trillion-dollar club for the first time on record
Southwest extends Boeing Co.’s 737 MAX cancellations until June 6th
Southwest Airlines Co. had issued a statement saying that the US-based airliner that serves 101 destinations across the globe would extend its flight cancellations of Boeing Co.’s grounded 737 MAX until June 6th
India’s trade minister says Amazon’s $1 billion investment ‘no big deal’
On Thursday, Indian trade minister said that Bezos had not done any big favour to the small Indian businesses by investing a stark sum of $1 billion
PSA Groupe 2019 sales drool 10 per cent after record-setting 2018
Peugeot-maker French automotive industry tycoon, Groupe PSA, had revealed its annual sales data for 2019 on Thursday, the 16th of January 2020, which reported a drop of 10 per cent in sales to 3.49 million units last year on an annualized basis
Polish watchdog fines Volkswagen over ‘dieselgate’ scandal
On Wednesday, Poland’s consumer watchdog, UOKiK said that it would be fining the German automotive industry tycoon Volkswagen AG $31.6 million or 120 million zlotys for misleading consumers about the emission of its vehicles
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