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On May 9, Japanese corporations Toyota Motor and Panasonic signed an agreement on the creation of a joint venture that will be engaged in the introduction of mobile technologies in cities. In a joint statement, the companies said that the new company, in which they would have equal shares of 50% each, would be able to implement Toyota’s initiatives in providing mobile services and Panasonic’s initiatives on updating urban lifestyle. Its activities will contribute to the growth and development of cities, improving their living standards. Faster implementation of Internet of Things technology is planned. In addition, mobility such as CASE, which represents connected autonomy, and MaaS, which provides IT services for connecting various vehicles, including public transport, will be developed. The companies also plan to integrate already operating divisions, which will allow them to strengthen their positions in the market of “smart” cities.
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
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