PSA shareholders approve merger with Fiat Chrysler
At a special shareholder meeting, the plan to form Stellantis was backed by more than 99 percent of the votes cast by the company's top investors, including the Peugeot family and Dongfeng Motor......»»
Canada"s Alpha Auto group to pay about $588M for UK"s Lookers
Canada's Alpha Auto will pay Lookers shareholders 120 pence in cash for each share of the nearly century-old dealership group. The agreement values Lookers at 465.4 million pounds (about $588 million)......»»
Judge rejects Apple"s bid to throw out China sales comment class-action lawsuit
Apple has not succeeded in overturning a lawsuit that alleges CEO Tim Cook defrauded shareholders by withholding knowledge of falling demand in China.The lawsuit references Apple's November 2018 analyst call, in which Cook said that Apple was seeing.....»»
Nissan board backed by shareholders amid leadership turmoil
Nissan's annual meeting took place amid new ructions for the automaker's management after chief operating officer Ashwani Gupta left the automaker......»»
Carlos Ghosn sues Nissan for $1 billion, over finances and reputation
The lawsuit includes Ghosn's plan to bring Nissan, Renault and Mitsubishi Motors under a grand alliance with Fiat Chrysler, which he says fueled concerns within Nissan......»»
Amid melting glaciers, Swiss to vote on new climate law
The Swiss, feeling the impact of global warming on their rapidly melting glaciers, are expected Sunday to approve a new climate bill aimed at swiftly steering the country towards carbon neutrality......»»
Toyota shareholders vote down climate resolution, back board
Toyota has become a target in recent years for activists and green investors who said it has been slow to roll out EVs......»»
Canada"s LeddarTech going public after merger with acquisition company, report says
LeddarTech, a Canadian automotive software company, is going public through a merger with a blank-check company led by Qualcomm's former president, according to people familiar with the matter......»»
FTC to seek federal court order temporarily blocking Microsoft-Activision deal
The Federal Trade Commission plans to file in federal court to prevent Microsoft and Activision-Blizzard from closing their $69 billion merger, according to a person familiar with the matter......»»
Samsung, Foxconn, and Luxshare factories in northern Vietnam hit by power shortage
Power shortages are a nightmare to many industrial companies. When TSMC chairman Mark Liu recently was asked about how TSMC would solve the problem if Taiwan can't generate enough electricity at a shareholders' meeting, he euphorically said that they.....»»
Louisiana lawmakers approve parental consent bill for kids" social media use and other online services
Louisiana lawmakers have sent a bill to the state's governor that would require online platforms to obtain a parent's consent before creating an account for users under 18, the latest in a raft of legislation restricting digital services for kids and.....»»
Nikola extends voting on authorizing new shares to raise capital
Nikola Corp. shareholders are voting in favor to approve a proposal critical to the hydrogen fuel cell truck developer's survival, but the company still needs more votes to put its plan into action. Although 77 percent of those shareholders voting.....»»
Disks, spikes and clouds: A peek into a black hole"s back yard
The first direct detection of gravitational waves in 2015 has opened a new window on the universe, enabling in particular the observation of the merger of pairs of massive black holes. This young field of research has matured very quickly, and by now.....»»
TSMC: advanced packaging demand surpasses current capacity, expansion is speeding up
TSMC held its shareholders' meeting today, where chairman Mark Liu stated that the company has faced various global challenges in recent years, including the US-China trade war, climate change, the pandemic, and the Russia-Ukraine war. However, Liu n.....»»
Fiat future in U.S. tied to new leader, return of 500e
The Italian brand, which only sells one model in the U.S., has appointed former FCA marketer Aamir Ahmed to head its North American operations......»»
Foxconn chairman: we won"t be absent in the AI server market
Foxconn (Hon Hai Technology Group) held its shareholders' meeting on the May 31. Chairman Young Liu stated that Foxconn has a comprehensive product portfolio in the ICT field, including market-leading positions in products such as mobile phones, PCs,.....»»
MediaTek: non-smartphone application to be a main growth driver
MediaTek held its shareholders' meeting where CEO Rick Tsai reiterated several key development projects for the company. In addition to continuous expansion into the flagship smartphone market and increasing market share in flagship smartphones, auto.....»»
Activision says UK was “irrational” in blocking Microsoft purchase
Cloud-gaming market at issue is a "niche" that "is quickly becoming obsolete." Enlarge / A small selection of the characters that would be part of Microsoft if its proposed Activision/Blizzard merger is allowed to go through. (cr.....»»
Fiat names new North American chief
Aamir Ahmed, 39, who worked in marketing for Fiat Chrysler before going to Amazon and Harman International, is the new leader of a brand that has struggled to gain traction since returning to North America in 2011......»»
Microsoft leaps into the AI regulation debate, calling for a new US agency and executive order
Microsoft joined a sprawling global debate on the regulation of artificial intelligence Thursday, echoing calls for a new federal agency to control the technology's development and urging the Biden administration to approve new restrictions on how th.....»»
California seeks U.S. approval to end gas-only new-vehicle sales by 2035
The California Air Resources Board, which approved the plan in August, asked the Environmental Protection Agency on Monday to approve a waiver under the Clean Air Act to implement its new rules......»»