Ola Electric surged 20%, reaching a $6.99 billion valuation, after launching motorcycles and promising lower costs with in-house batteries. The e-motorcycle launch will heighten competition in…
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Mars is acquiring Cheez-It maker Kellanova for $36 billion, uniting brands like M&M’s, Snickers, Pringles, and Pop-Tarts.Mars will pay $83.50 per Kellanova share, a 33% premium…
Ola Electric Mobility’s shares rose 20% on debut, valuing it at $4.8 billion, as investors anticipate growth in electric vehicles. The stock listed flat at 76…
On Friday, the Sweden-based automaker reported a 6% year-over-year increase in Volvo Cars’ July sales, reaching 57,447 units. This rise was primarily driven by a surge…
A merchant involved in the protest told Reuters that hundreds of Chinese vendors on Temu have complained against what they consider to be excessively large fines…
Toyota’s global production fell in June, marking the fifth consecutive month due to a home market scandal and China’s price war. Japan’s top automaker’s global output…
According to a report published on Friday in the Nikkei business daily, Toyota Motor of Japan intends to construct an electric vehicle battery plant in the…
Geopolitical rivalries, especially U.S.-China trade battles, now top inflation concerns for sovereign wealth funds and central banks. Global conflicts, like Russia-Ukraine war and trade restrictions, now…
Nvidia is developing China-compatible AI chips adhering to U.S. export controls, according to three informed sources. The AI chip company introduced its “Blackwell” chip family in…
Nokia reported a 32% drop in Q2 operating profit due to sluggish 5G equipment demand, yet expects improvement later. Operating profit dropped to 423 million euros…