Category: Business

Toyota Motor Corp (7203.T) said on Tuesday it will launch a service next year offering customisation and updates for cars as customers increasingly hold on to their vehicles for longer. The service, known as Kinto Factory, will start in late January and offer new safety features, refreshed interiors, and software upgrades to car computer systems. […]

Volkswagen (VOWG_p.DE)said allegations made against it by Acer (2353.TW) were unfounded, after a magazine reported that the Taiwanese computer maker had sued the German carmaker for infringing on its mobile network patents. German weekly WirtschaftsWoche had reported earlier on Tuesday that Acer had filed a suit in the U.S. state of Virginia, alleging that Volkswagen […]

Ireland said on Tuesday it will begin a “phased exit” from its 71% stake in Allied Irish Banks (AIBG.I) over the next six months, as it pares back state ownership of its largest banks. The Irish Department of Finance did not say how much of the AIB holding it would sell, but that the move […]

McDonald’s Holdings Company Japan (2702.T) said on Tuesday it would suspend the sale of medium- and large-sized french fries for a week starting on Friday due to supply chain bottlenecks. The company is seeing delays in potato shipments due to supply chain issues caused by the COVID-19 pandemic as well as from shipping disruptions in […]

China’s ‘common prosperity’ crackdown has turned a harsh spotlight on the country’s massive livestream e-commerce business – underlining the fragility of a surging sales channel that some of the world’s biggest brands have come to rely on. More than 100 million followers of Viya, dubbed the country’s ‘queen of livestreaming’ by the Chinese media and […]

TomTom NV (TOM2.AS), the Dutch digital mapmaking company, said on Tuesday it would extend a supply partnership with Volkswagen, integrating its mapping and navigation technology into Volkwagen’s cars, including electric vehicles. “This multi-year deal between TomTom and the Volkswagen Group covers all markets globally excluding China and is the continuation of a successful and long […]

Boeing (BA.N) Chief Executive Dave Calhoun and Airbus Americas (AIR.PA) CEO Jeffrey Knittel on Monday urged the Biden administration to delay planned deployment of new 5G wireless services, saying it could harm aviation safety. The executives in a joint letter seen by Reuters asked U.S. Transportation Secretary Pete Buttigieg to support postponing AT&T (T.N) and […]