auto

China to Impose Additional USD 16 Billion in Tariffs on U.S. Goods

China to Impose Additional USD 16 Billion in Tariffs on U.S. Goods

China is imposing another 25% tariff on an additional USD 16 Billion worth of U.S. goods such as fuel, steel products, and auto and medical equipment, said the Chinese Commerce Ministry. The tariffs are set to take effect beginning August 23rd, the ..

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung plans to spend USD 22 Billion in the next three years on developing artificial intelligence, 5G, automotive electronic parts and biopharmaceuticals. This comes as part of the earlier announced USD 160 Billion investment on research, developm..

Boeing leases a 100,000 square foot space with MIT for their Boeing Aerospace & Autonomy Center in Kendall Square

Boeing leases a 100,000 square foot space with MIT for their Boeing Aerospace & Autonomy Center in Kendall Square

The Boeing Company (NASDAQ: BA) and the Massachusetts’s Institute of Technology (MIT) reached an agreement in which Boeing will lease 100,000 sq. ft. for their new Boeing Aerospace & Autonomy Center in MIT’s new mixed-use district in..

Waymo and Walmart form partnership to transport customers in self-driving cars

Waymo and Walmart form partnership to transport customers in self-driving cars

Waymo, an autonomous car development company and subsidiary of Alphabet Inc. (NASDAQ: GOOG), is forming a partnership with some of the country’s largest companies to expand access of its self-driving vehicles. The partnership includes five com..

Nissan Admits to Emission Test Scandal

Nissan Admits to Emission Test Scandal

Japanese automobile manufacturer, Nissan (TYO: 7201) announced Monday that it had altered the results of exhaust emissions and fuel economy tests of new vehicles sold in Japan and created inspection reports on altered measurement values. The sc..

China to Cut Auto Import Tariffs

China to Cut Auto Import Tariffs

China announced to make massive cut to auto import tariffs, a move to further open up the world’s largest auto market to international auto makers.China’s Finance Ministry said it will cut import tariffs on some of the vehicles to 15 per..

Autodesk, Inc. Shares Up After Strong Earnings

Autodesk, Inc. Shares Up After Strong Earnings

Autodesk, Inc. (NASDAQ: ADSK) shares jumped more than 13% after the company reported 4th quarter earnings. Autodesk's Subscription plan subscriptions increased 371,000 from the third quarter of fiscal 2018 to 2.27 million at the end of the fourt..