Companies


    • WhatsApp, Instagram, Messenger to become one platform

      WhatsApp, Instagram, Messenger to become one platform

      Facebook's founder and CEO, Mark Zuckerberg, is currently considering a change in the online messaging game by combining WhatsApp, Instagram and Facebook Messenger into one unified platform. Until now, the three biggest messaging networks have been run as separate and competing products and after their integration the services will still continue to function as stand-alone apps. There is however one big “but” in the whole situation - at a much deeper level, their technical infrastructure will be one.

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    • Audi in drive to cut costs by $17bn

      Audi in drive to cut costs by $17bn

      Volkswagen's premium brand Audi wants to cut costs by $17bn by 2022, a German business magazine reported on Thursday, citing Audi executives. According to the information, the cost cuts are aimed at help helping finance projects such as a shift to electromobility at Audi, but they will as well result in a 3 percent decrease in Audi's staff per year, or around 14,000 jobs by 2024.

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    • Toyota, Panasonic team up to make EV batteries

      Toyota, Panasonic team up to make EV batteries

      Panasonic, Tesla’s battery cell partner, has reportedly agreed to set up a joint-venture company with Toyota to manufacture electric car-batteries and eventually solid-state batteries, too. According to a report from Japan’s Nikkei, In the EV battery cell venture Toyota would hold a controlling 51 percent stake, while Panasonic would transition five of its car battery production plants in China and Japan to the new spinoff company. More details deal are expected to be unveiled "as soon as this week" by the Japanese manufacturers.

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    • Finnish Nightingale Health receives €20m EIB loan

      Finnish Nightingale Health receives €20m EIB loan

      The Investment Plan for Europe, or Juncker Plan, is reportedly backing a €20m European Investment Bank (EIB) loan to Finnish company Nightingale Health. The company will use the financing to further develop its blood analysis technology, which facilitates the detection and prevention of chronic diseases.

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    • Ford, VW to announce global alliance today

      Ford, VW to announce global alliance today

      Volkswagen Group and Ford Motor are expected to unveil an alliance on Tuesday that would reportedly combine forces on commercial vehicles and is likely to expand into joint development of electric and self-driving technology. Even though the details of the partnership are still a mystery, the move is aimed at saving the automakers billions of dollars.

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    • Volkswagen sets new all-time record for most car sales

      Volkswagen sets new all-time record for most car sales

      In 2017 VW Group posted a monster sales year with 10.7m vehicles delivered, making it one of the largest automakers in the world. But not the largest. That honor went to the Renault-Nissan Alliance, whose acquisition of Mitsubishi helped place it at number one. In 2018, however Volkswagen has struck back with 10.83m vehicles delivered worldwide, a new all-time record for any automaker.

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    • Toyota recalls another 2m vehichles due to Takata airbags

      Toyota recalls another 2m vehichles due to Takata airbags

      In the ongoing saga of the Takata airbag scandal, which caused one of the largest recalls in United States history, Toyota is recalling once again millions of vehicles worldwide for issues with air bag inflators. More precisely, in this latest recall, Toyota is recalling 1.7m vehicles globally including cars from model years 2010 through 2015.

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    • Airbus met 2018 delivery target prior to final audit

      Airbus met 2018 delivery target prior to final audit

      Airbus operationally hit its main industrial target of 800 aircraft deliveries in 2018 after record handovers in December, according to people close to the matter. The final number is subject to ongoing auditing checks, with raw delivery data standing on the 800 threshold, but Airbus is said to be optimistic that the company has averted its first ever missed delivery goal.

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    • Amazon became world's most valuable company

      Amazon became world's most valuable company

      Amazon has eclipsed Microsoft as the most valuable publicly traded company in the US as a see-sawing stock market continues to reshuffle Corporate America's pecking order. The latest shift occurred Monday after Amazon's shares rose 3 percent to close at $1,629.51 and lifted the e-commerce leader's market value to $797bn, edging past Microsoft's roughly $788bn valuation. 

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