automotive

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..

BlackBerry Partners with Delphi on Self Driving Car Platform

BlackBerry Partners with Delphi on Self Driving Car Platform

BlackBerry Ltd. (NASDAQ: BBRY) shares jumped 7.7 percent on Wednesday after the company announced to team up with Delphi Automotive Plc to provide operating system platform for self-driving cars.BlackBerry QNX is real time operating system software ..

Samsung Looking into Autonomous Driving

Samsung Looking into Autonomous Driving

Samsung Electronics Co Ltd has announced plans to diving into autonomous driving after their recent $8 billion acquisition of Harman. Well known for their audio speakers, Harman’s 65% of sales derives from their automotive business, on bo..

Ford Q2 Earnings Beat Expectations

Ford Q2 Earnings Beat Expectations

Ford’s Motor Company (NYSE: F) second quarter earnings was released on Wednesday and surpassed all expectations of analysts.In its second quarter, the automotive car company’s posted a net income of $2 billion, while the total company&rs..

Porche's Employees Under Investigation by German Prosecutors

Porche's Employees Under Investigation by German Prosecutors

On Monday, The Stuttgart prosecutor’s office said that employees at German sports car maker Porsche AG and a U.S-based subsidiary were being investigated for suspected fraud and false advertising related to diesel emissions.According to an art..

O’Reilly Automotive Inc. Stock Crashes After Earnings Miss

O’Reilly Automotive Inc. Stock Crashes After Earnings Miss

O’Reilly Automotive Inc. (NASDAQ:ORLY) missed same-store sales guidance by a large margin and as the result payed the price of a 21% slide on Monday.O’Reilly reported a 1.7% increase in comparable store sales, but missed the mark set ear..