Renault is planning more cost reductions and will shift its focus to a smaller production amount of its profitable models amid a new strategy proposed by the French carmaker's new boss to revive the coronavirus-hit business.
US NHTSA urges Tesla to recall 158K of its Model X and Model S vehicles, citing media control unit failures, which could lead to faulty touchscreen displays.
Trump's Administration has scrapped its planned investment ban on the Chinese tech titans Baidu, Alibaba and Tencent, providing a temporary reprieve to the corporates amid Washington's broader crackdown.
Pet retailer Petco Health and Wellness Company Inc stated it sold its shares in an IPO at $18 apiece, surpassing its target range, to raise nearly $816.5M.
China's SZ DJI Technology, the world's biggest drone maker, is set to build an engineering team to work over self-driving technologies, sources familiar with its strategy said.
The French government raised concerns over a $20B takeover approach for Carrefour SA by Canada's Alimentation Couche-Tard, questioning food sovereignty and job security.
Volkswagen announced that it would further slash car production at the main plant in Germany amid a shortage of semiconductors, which hit the industry worldwide.
Qualcomm is planning to acquire a chip start-up founded by Apple's veterans Nuvia Inc in a deal worth $1.4B, as it seeks to put the company's technology into its laptop, smartphone and automotive processors.
The on-going mobility restrictions and lockdowns in several countries are threatening to slow the companies' first-quarter earnings recovery, investment banks warned on Wednesday.
On Wednesday, WeWork's CEO Sandeep Mathrani stated the co-working company was on track to become profitable by the 2021's Q4, with its China office spaces nearly bouncing back to the levels it had before the pandemic.
Car exports from China fell 2.9% in 2020, compared to the prior year, a statement published by the China Association of Automobile Manufacturers shows.
Exports of goods from Israel declined 8.5% to $54B in 2020, compared to the previous year, data published by the Central Bureau of Statistics show.
Dropbox plans to lay off 11% of its employees, including the Chief Operating Officer Olivia Nottebohm, who joined the previous year from Google.
Johnson & Johnson will unlikely to meet the US COVID-19 vaccine supply target by spring, as the company faces delays in vaccine production, according to the New York Times report seen on Wednesday.
On Wednesday, Target reported a 17.2%% surge in its comparable sales, boosted by the retailer's strong sales results in the holiday season.
The director of Intel's autonomous car subsidiary stated the firm seeks to use its own radar technology by 2025 amid its plan to reduce the self-driving costs.
Visa and Plaid, the financial technology firm, announced they would terminate the $5.3B merger deal after the US government sought to stop the transaction, citing antitrust concerns.
On Wednesday, the President of the European Central Bank Christine Lagarde stated that the euro zone is set to recover despite lockdown measures.
On Wednesday, Ford Motor reported it had sold 602,627 car units in China in 2020, up 6% year-on-year, marking the company's first annual growth in the Chinese market since 2017.
Amazon.com India launched an online academy to coach its students for the most competitive test for the engineering college entrance in the country, the e-commerce company announced on Wednesday.
The President-elect Joe Biden will name Gary Gensler as a new chair of the US Securities and Exchange Commission, an appointment that is likely to raise concerns among Wall Street companies of tougher regulation.
The US planemaker Boeing delivered a total of 157 airplanes to customers last year, down from 380 in 2019, the company's data revealed on Tuesday.
On Tuesday, the Chief Executive Officer of General Motors Mary Barra outlined plans for the company to launch its first BrightDrop electric delivery vehicle business.
On Tuesday, Pfizer's Chief Executive Albert Bourla said that the pharmaceutical company expects to earn $3 to $3.10 a share in 2021.