German Automotive Industry Faces Job Losses of Up to 186,000 by 2035 Amid Transition
October 30, 2024 – According to a recent study published by the German Association of the Automotive Industry (VDA) on Tuesday, the transformation of the German automotive industry could potentially result in the loss of up to 186,000 jobs by 2035, with approximately a quarter of those positions already eliminated. The study, conducted by Prognos…
Intel Corporation Announces Strategic Divestment of Mobileye Shares
June 6, 2023 – In a significant development, Intel Corporation has made a strategic move by divesting 35 million Class A shares of Mobileye, a renowned Israeli autonomous driving technology company. With a total value of approximately $1.5 billion (equivalent to around 10.65 billion Chinese yuan at current rates), this decision has resulted in a…
Audi RS6 Sedan to Make Electrifying Comeback in 2025
August 8, 2023 – In an electrifying move, Audi is poised to reintroduce a legendary powerhouse to the automotive scene. Bucking convention, the German automaker is gearing up to launch an all-electric variant of the iconic Audi RS6 sedan, reimagined for the modern era. This ambitious venture comes hot on the heels of the unveiling…
Volvo Unveils $1.9B Cost-Cutting Drive, Shares Slide Nearly 10%
April 30, 2025 – Volvo Cars unveiled a significant cost-reduction initiative on Tuesday, local time, targeting an estimated $1.87 billion in savings, while simultaneously retracting its financial outlook for the upcoming years amid a sharp decline in first-quarter operating profits. The Swedish automaker’s latest financial report revealed a substantial drop in operating profit, plummeting to…
Samsung Rumored to Equip Galaxy Z Flip6 with In-House Exynos Chipset
March 21, 2024 – Recent tweets from reputed sources @Tech_Reve and @OreXda have sparked speculation regarding the chipset to be used in Samsung’s upcoming Galaxy Z Flip6 phone. According to these tweets, the South Korean tech giant is rumored to equip the Galaxy Z Flip6 with its in-house Exynos chipset, a move that would mark…
Humanoid Robots Could Generate a $7 Trillion Market in 25 Years, Says Citi Analyst
December 5, 2024 – In recent years, with the rapid advancement of artificial intelligence technology, humanoid robots have gradually transitioned from being a figment of science fiction to becoming a tangible reality. Recently, Rob Garlick and Wenyan Fei, analysts at Citi Global Insights, discussed the development prospects of the humanoid robot industry over the next…
LG Energy and CATL Partner to Provide LFP Batteries for Renault’s Electric Cars
July 02, 2024 – LG Energy Solution (LGES) announced on Tuesday that it has signed an agreement to supply lithium iron phosphate (LFP) batteries to Renault’s electric vehicle subsidiary, Ampere. This marks LGES’s first large-scale supply of LFP batteries. Ampere revealed its intention to incorporate LFP technology into its mass production plans, collaborating with suppliers…
Google Confirms New Round of Layoffs Affecting Hundreds of Employees Globally
January 11, 2024 – Google has confirmed in an emailed statement that it is implementing layoffs across several teams, stating, “Organizational changes, including the elimination of certain roles globally, are ongoing within certain teams.” According to Bloomberg, the tech giant has initiated a new round of layoffs affecting hundreds of employees. Those impacted include staff…
Tesla Loses Throne in California: Musk Controversies and Aging Product Lines Blamed
April 17, 2025 – Tesla’s sales in California have taken a significant hit, with a 15% drop in vehicle registrations during the first quarter of this year, as reported by Reuters. This decline comes at a time when California, long a pioneer in electric vehicle adoption, is witnessing a growing backlash against the company and…
Samsung Galaxy Z Fold6 Pink Variant Render Leaked: Launch Set for July 10th
June 28, 2024 –Samsung Electronics has confirmed that it will host its highly anticipated Galaxy Unpacked event in Paris on July 10th, where the latest additions to its foldable smartphone lineup, the Galaxy Z Fold 6 and Z Flip 6, are expected to make their grand debut. Enthusiasts worldwide are eagerly awaiting the reveal, as…