Industry News

Toyota to Invest $500 Million in Uber for Self-Driving Cars

Japanese carmaker Toyota is set to invest $500 Million in Uber and expand a partnership to mutually create self-driving cars to catch up with rivals over autonomous vehicles.

Costa Coffee deal: Coca-Cola to Purchase UK's Greatest Espresso Chain for £3.9bn

Coca-Cola is in deals to purchase the Costa coffee chain from owner Whitbread in a deal worth £3. 9bn.

Great Wall to dispatch first vehicle under EV mark Ora in China

The Great Wall Motor will begin offering the primary Ora-badged electric vehicle at the Chengdu automobile fair on Aug. 31 to extend its electric vehicle lineup.

Vietnam's Vinfast In Deal with Siemens For Technology to Make Electric Busses

For the supply of technology and components to manufacture electric buses, VinFast Trading and Production LLC has contracted two agreements with Siemens Vietnam, a unit of Siemens AG.

Bosch Takes Equity Stake in Fuel Cell Firm Ceres Power

Bosch has taken a minority value stake in Horsham-based Ceres Power. The German producer consented to an arrangement with Ceres in January which has now been made open and will contribute an underlying £9m for a 4.4% offer.

Oprah Winfrey Partners with Kraft Heinz To Enter Line of Frozen Pizza with Cauliflower Crust

Precisely a year after entertainment entrepreneur Oprah Winfrey declared she was propelling her line of supermarket refrigerated soups and side dishes, she's expanding to the frozen food market.

Ola to Encounter Uber in UK Ride-Hailing Market

Indian Ride-hailing service provider Ola is moving to the UK market to challenge Uber, another giant in the ride-hailing services across the globe.

Porsche Groups with Epic Games on Design Innovation

Porsche has joined forces with video game producer, Epic Games and a pioneer in graphic processing hardware, Nvidia, to exhibit what they tout as a leap forward in computer design rendering.

Tata Sky, Netflix Announced Strategic Partnership

Tata Sky users will now be able to use and browse the Netflix services, including TV Films, shows, stand-up comedy, documentaries and kid’s entertainment.

Maruti-Suzuki Plans to Electrify its Hatchback Segment by 2020.

Maruti-Suzuki is likely to manufacture electric motors for its small cars like Alto, Wagon R, Celerio and A-Star. The move is in-line with Maruti-Suzuki’s attempt of entering affordable yet environment friendly car segment. The company is likely to start the sales by 2020.

Waymo To Carry Walmart Shoppers in its Autonomous Cars

Waymo, Google's self-driving car project, offers to carry shoppers to Walmart Inc’s stores in Phoenix, Arizona, according to the company statement. The service is initially available to about 400 participants in Waymo's early-rider program within a 100-square-mile section of Phoenix.

BMW Forays in Affordable Premium Motorcycle Segment

BMW Motorrad to enter affordable motorcycle market in India with the two locally-made bikes. The new sub 500 cc bikes are likely to be priced at Rs 2.99 lakh and Rs 3.49 lakh. The bikes will be manufactured at TVS’s plant in India as a part of BMW’s partnership with TVS Motors.

GM Forays into Peer-To-Peer Car Sharing Service with Maven

General Motors has announced its plans of launching a peer-to-peer car rental through Maven, the company’s car sharing app. The customers can rent their own cars through the app at their own rental price while GM will provide insurance.

Oxea to Increase Supply of Carboxylic Acid

Oxea is all set to increase the supply of carboxylic acid in the short to medium term to meet growing global demand. The chemical manufacturer is evaluating various strategies for production sites globally.

DuPont Expands Solar Products Portfolio

DuPont Photovoltaic Solutions recently presented its wide range of innovative materials at the SNEC International Photovoltaic Power Generation and Smart Energy Exhibition. DuPont is aiming to introduce high-efficiency, high-reliability material solutions for the photovoltaic market.

Michelin to Strengthen Specialty Business, Acquires Camso For USD 1.45 Billion

Michelin is all set to acquire Camso in an attempt to strengthen its specialty business for USD 1.45 Billion. The off-road operations likely to be combined and run from Camso’s headquarters in Magog, Quebec. United States: French tire-maker Michelin is strengthening its specialty business with a USD 1.45 Billion deal to acquire Camso, a Canadian producer of rubber tracks for farm equipment and snowmobiles.

Baidu to Start Producing Apolong, the Autonomous 14-Seater Bus

The Chinese internet services giant, Baidu has declared that it has started mass production of Apolong which is being touted as China's first L4 fully autonomous 14-seater bus. Apolong is developed in partnership with King Long and is being powered by Baidu's Apollo autonomous driving open platfo

Broadcom to acquire CA Technologies for USD 18.9 billion

Broadcom is planning to acquire the enterprise technology company for USD 18.9 billion. The acquisition is being termed as a strategic gain for Broadcom who aims to acquire critical technology businesses to become one of the largest chipmakers in the world.

Volvo to launch car-sharing mobility brand ‘M’

Volvo is all set to launch launching a full-fledged mobility service ‘M’ to compete with Volkswagen’s Moia. M is likely to be app-based and will be launched in Sweden and the United States by 2019.

Suzuki Motorcycle to Bring Electric Two-Wheelers to India by 2020

Suzuki Motorcycle India, the subsidiary of Japanese automaker Suzuki Motor Corp, is anticipated to launch electric two-wheelers in the Indian market by 2020. Suzuki, along with Denso and Toshiba, is likely to investing Rs 1,700 crore in setting up a battery-making facility in Gujarat.