Volkswagen Plans IPO of Porsche, as EV demand soars!
Volkswagen AG is preparing an initial public offering of Porsche, seeking a listing of its most profitable asset to help boost the valuation and fund the push into electric vehicles. Under a plan
Ukraine tensions boost Asia’s shipping demand!
Shares of Asian shipbuilders and shipping firms rallied on expectations that European countries may seek seaborne sources of natural gas as tension escalates with Russia over Ukraine. Russia is Europe’s top gas supplier,
GM drops heated seats feature due to chip crisis!
General Motors had to drop heated seats, as an option on vehicles in response to the chip shortage. The largest U.S. automaker is not alone, as the move is another sign of how automakers
BMW unveils the new EV model to Japan!
BMW AG is set to introduce four-door i4 sports coupe in Japan, as consumers are showing signs of greater willingness to buy electric vehicles. Japan’s EV sales have lagged behind other big markets
Virgin Galactic set to start the spaceflights
Virgin Galactic Holdings Inc. is finally set to start with the space tourism as company confirmed it would soon open commercial ticket sales, Â a significant milestone in the path toward consumer flights. Customers
Trump’s ‘Truth’ app launches on Apple store!
The app was available to download shortly before midnight and was automatically downloaded to Apple devices belonging to users who had pre-ordered it, marking the former president’s return to social media after he
GM seeks approval to deploy self-driving vehicles!
General Motors Co and its self-driving technology unit Cruise have petitioned U.S. regulators for permission to build and deploy a self-driving Autonomous vehicle without human controls like steering wheels or brake pedals, Cruise
Airbnb beats the pandemic, as revenue rise!
Airbnb Inc. beat revenue and profit estimates in the fourth quarter, bucking a resurgent wave of Covid-19 infections and heading into this year even stronger than before the pandemic. The shares rose 19%
Joby set to bring flying taxis to Japan!
Joby and ANA Holdings Inc. will work together to bring aerial ride sharing to Japan for the first time, according to a Joby statement. Toyota Motor. will join the partnership and focus on
Alphabet’s Wing Drone, reshuffle executives
Alphabet Inc.’s Wing unit elevated its leading technology official to head the company as it seeks to rapidly expand its drone delivery operations. Adam Woodworth, who has spent his entire career designing new-age