Facing Profit Decline, Stellantis Considers Shutting Down or Selling Unprofitable Brands
July 29, 2024 – Following a significant drop in profits during the first half of this year, Stellantis CEO Carlos Tavares has indicated a possible sale of the company’s underperforming brands. In an interview on the 26th, as reported by Autocar, Tavares warned, “If they are not profitable, we will shut them down. We cannot…
Tax Dodging Trend Fuels Surge in Popularity of Chinese EVs in Europe, Hitting Record Market Share in June
July 31, 2024 – Chinese automakers achieved a record-high market share of 11% in the European electric vehicle (EV) market in June, primarily driven by a pre-tariff buying surge as consumers rushed to purchase cars before the implementation of new EU tariffs on Chinese imports. According to data, including the UK, around 23,000 EVs were…
AT&T Hack Exposes Phone and Text Records of Numerous Users
July 13, 2024 – AT&T disclosed on Friday that hackers had breached a third-party cloud platform, compromising a significant amount of customer data. The stolen information encompassed phone numbers of cellular and landline customers, along with their call and text records spanning a six-month period from May 1, 2022, to October 31, 2022. Additionally, the…
Microsoft Nears Completion of $68.7 Billion Blizzard Acquisition
October 07, 2023 – In a surprising turn of events, Microsoft is on the verge of completing its acquisition of Blizzard for a staggering $68.7 billion. This monumental deal, which has been in the works for a grueling 20 months, is expected to finalize on October 13, 2023, pending the stance of the UK Competition…
Over 100 Experts Warn: Toyota’s Hydrogen Cars Could Tarnish Olympics’ Image
July 24, 2024 – As the 2024 Paris Olympics draw near, a controversy has erupted over the choice of official vehicles. A group of 120 scientists, engineers, and scholars have penned an open letter urging the Olympic organizers to reconsider their decision to use Toyota’s Mirai as the official car. Their concern? The hydrogen-powered vehicle…
Tesla Suspension Faults Investigated: US Agency Suggests Broader Repairs
August 15, 2024 – The Defect Investigations Office of the National Highway Traffic Safety Administration (NHTSA) has recently concluded its four-year probe into suspension failures in certain Tesla vehicles. This issue, known as the “whompy wheel” problem among Tesla owners, involved hundreds of reported front suspension malfunctions specifically affecting Model S sedans and Model X…
Toyota’s Akio Toyoda Comments on Nissan-Honda Merger: Exciting and Competitive Products Anticipated
January 9, 2025 – Toyota President Akio Toyoda addressed the potential merger between two major Japanese automakers, Honda and Nissan, at the CES 2025 exhibition. Toyoda clarified that Toyota Motor Corporation is not involved in any such discussions. “Nissan has not approached Toyota regarding any merger,” he stated, “and even if they had, it would…
TEC Raises $160 Million for Reusable Spacecraft Development
November 18, 2024 – According to a report from CNBC, European space exploration company The Exploration Company (TEC) has announced the completion of a new round of funding, raising $160 million to further develop its reusable spacecraft designed to transport astronauts and cargo to space stations. The funding round was led by Balderton Capital and…
Apple Services Business Reaches Milestone with 1 Billion Active Subscriptions
May 05, 2023 – Apple has announced a significant milestone in its services business during the Q2 earnings call. The tech giant’s active subscriptions for services are set to reach 1 billion, marking an incredible achievement for the company. Apple’s service business revenue reached an all-time high of $20.91 billion, driven by various services, including…
Lighter and More Advanced: Exploring the Meta Quest 3 Prototype
May 29, 2023 – In a tech world buzzing with anticipation, Meta Quest 2 VR headset has reached a milestone, having been on the market for nearly three years. Originally known as Oculus Quest 2, this immersive device introduced by Meta has captivated enthusiasts worldwide. While Meta introduced the Quest Pro last year, it didn’t…