Industry News

Volkswagen Steps Up Tesla Challenge With $25 Billion Battery Buy

I.D. Vizzion Concept car

Volkswagen AG secured 20 billion euros (US$25 billion) in battery provides to underpin an aggressive push into electrical automobiles within the coming years, placing strain on Tesla Inc. because it struggles with manufacturing points for the mainstream Mannequin three. The world’s largest carmaker will equip 16 factories to provide electrical …

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Broadcom Warned of Possible Veto Over Qualcomm Bid


U.S. nationwide safety officers are threatening to advocate that President Donald Trump block Broadcom Ltd.’s proposed takeover of rival chipmaker Qualcomm Inc., in keeping with a Treasury Division letter made public on March 12. An investigation of the deal by the Committee on International Funding within the U.S. (CFIUS), which …

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