Read more about the article Wafer Producer Siltronic Starts New $2.9B Facility in Singapore, May Increase Hiring
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Wafer Producer Siltronic Starts New $2.9B Facility in Singapore, May Increase Hiring

On June 12, a German supplier of semiconductor materials formally unveiled a $2.9 billion advanced production facility here. The 150,000-square-meter Tampines factory, Siltronic's third in Singapore, manufactures silicon wafers for…

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Read more about the article GM Reduces EV Production Plans despite Weak Demand, says EVs will Show ‘Varying Profit’
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GM Reduces EV Production Plans despite Weak Demand, says EVs will Show ‘Varying Profit’

General Motors is reducing its electric car production target for this year and altering the timing of its profit targets because demand for EVs is not increasing at the rate…

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Read more about the article Virgin Australia Bain Capital Owner Raises offer to $1.8 billion for Auto Components Company Bapcor
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Virgin Australia Bain Capital Owner Raises offer to $1.8 billion for Auto Components Company Bapcor

Beaten-down Autobarn owner Bapcor is considering a $1.83 billion buyout offer from private equity giant Bain Capital. The vehicle parts and accessories business, which also operates the Burson, Autopro, and…

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Read more about the article Following its Discovery of Manipulating Test Results, Toyota’s Market value Declined to Almost $15 billion last week
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Following its Discovery of Manipulating Test Results, Toyota’s Market value Declined to Almost $15 billion last week

Shares of Japanese automakers have largely plunged since the country’s transport ministry revealed the use of false data to certify certain models a week ago on Monday. Toyota shares dropped…

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Read more about the article Famous Retailer La Maison Simons Expands with Two New Stores in Eaton Centre and Yorkdale
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Famous Retailer La Maison Simons Expands with Two New Stores in Eaton Centre and Yorkdale

As part of an ongoing development, Cadillac Fairview (CF) announced that retailer La Maison Simons, also known as Simons, will build a new store at Toronto's Eaton Centre. Three storeys…

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Read more about the article Fast Growing AI Chipmaker Nvidia Overtakes Apple as Second-largest Public Company in US
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Fast Growing AI Chipmaker Nvidia Overtakes Apple as Second-largest Public Company in US

Wall Street's favorite artificial intelligence darling, Nvidia, is still rising to incredible heights. The market capitalization of the AI chipmaker increased to $3.019 trillion on Wednesday, marginally surpassing Apple's $2.99…

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Read more about the article In Two Years, Drivers will be Able to Look Away from the Road:Ford
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In Two Years, Drivers will be Able to Look Away from the Road:Ford

According to Chief Executive Officer Jim Farley, Ford Motor Co. will provide technology in the US in just two years that will let drivers take their hands off the wheel…

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Read more about the article The Sweetener in Ellison’s Most Recent Paramount Offer is $15 Per Share
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The Sweetener in Ellison’s Most Recent Paramount Offer is $15 Per Share

According to a person familiar with the subject, film producer David Ellison's bid for Paramount Global includes a provision allowing non-voting shareholders to cash out a portion of their stock…

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Australia’s EV prices fall $20,000 “nearly overnight” as Experts Predict much more Dire Consequences

The value of electric vehicles has drastically decreased due to increased competition, especially from Chinese manufacturers. Some Australian electric cars (EVs) have seen price drops of up to $20,000 "almost…

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