Having been repeatedly reminded that its markets are precariously close to saturation point in North America and Europe, Tesla Motors Inc (NASDAQ:TSLA) released its blueprint for expansion into Asian markets, namely China and Japan, as forecasted for the year 2015. Obviously this pertains to the latest model of the company namely Supercharger, also known as…
Tesla Motors Inc (TSLA) Is Waiting For The Decision Of Nevada About $1.3 billion Tax Incentives
After winning the race to bag the world’s largest Gigafactory, it is time for the state authorities to decide tax incentives for Tesla Motors Inc (NASDAQ:TSLA). Nevada announced tax incentives worth $1.3 billion earlier this month with the prospects of over $100 billion in future returns from the state over the next 20 years. As…
Dollar General Corp. (DG) Plans Tender Offer for Family Dollar Stores, Inc. (FDO)’s Shares
Nearly one month after its first acquisition proposal for Family Dollar Stores, Inc. (NYSE:FDO), Dollar General Corp. (NYSE:DG) is all set to take the route of a hostile takeover. The company will issue a tender offer with $80 share price to its shareholders, as reported by WSJ. The management of Family Dollar Stores, Inc. (NYSE:FDO)…
Ford Motor Company (F) Company Is Downgraded Despite High-Level Growth In China
On September 8, 2014, Morgan Stanley downgraded its recommendation of Ford Motor Company (NYSE:F) from Overweight to Underweight. Morgan Stanley also reduced the target price of the company from $17 to $16. According to Adam Jonas from Morgan Stanley, trucks constitute important portion of the company’s profit so the starting of the production of new…
Apple Inc (AAPL)’s iWatch May Revolutionize the Wearable Device Market
In addition to the much hype received by Apple Inc (NASDAQ:AAPL)’s iWatch, a report from Cowen & Co., investment bank, states that the iconic device might revolutionize the wearable device industry. Cowen & Co. further predicted that the wearable device industry market might grow up to $170 billion by 2020 from existing $10 billion in…
The Home Depot, Inc. (HD) Confirmed The Data Breach And Stated That Customers Will Not Be Responsible For Fraudulent Charges
The Home Depot, Inc. (NYSE:HD), one of the leading home improvement retailers operating in America, confirmed on Monday that its data system has been breached. The customers of The Home Depot, Inc. (NYSE:HD), who have used their debit and credit cards at its stores in Unites States and Canada, may be affected due to this…
General Motors Company (GM)’s China Unit to Recall 38,328 Cadillacs for Faulty Break Software
After China’s quality watchdog pointed potential issues with the braking software of General Motors Company (NYSE:GM)’s Cadillacs, the company has recalled 38,328 cars manufactured between October 2012 and July 2014. China’s General Administration of Quality Supervision, Inspection and Quarantine pointed out potential risk from the brake control software. Shanghai General Motors Co, Chinese joint venture…
General Electric Company (GE)’s Appliances Division Acquired By Electrolux AB (ADR) (ELUXY) for $3.3 billion
After the initial proposal of Electrolux AB (ADR) (OTCMKTS:ELUXY) to acquire General Electric Company (NYSE:GE)’s appliances division for $2.5 billion, the deal is finally over with a price tag of $3.3 billion. This is the biggest acquisition for Electrolux AB (ADR) (OTCMKTS:ELUXY) and Keith McLoughlin, CEO of Electrolux, said, “The acquisition, which is our largest…
Elon Musk Says Tesla Motors Inc (TSLA) and Toyota Motor Corp (7203) May Work Together in Future
Elon Musk, Chief executive of Tesla Motors Inc (NASDAQ:TSLA), said that Tesla and Toyota Motor Corp (TYO:7203) may work together in future. Elon Musk was talking to the reports in Tokyo and said that the two companies may come together in two to three years for a bigger project. Elon Musk was in Tokyo to…
General Motors Company (GM)’s Technology Leap Takes the Form of Automated Driving
How would you feel driving a car that would not require you to handle the steering wheel or even change gears? You need not wait for too long because such a model is likely to be available in 2016 if the statement made by Chief Executive of General Motors Company (NYSE:GM), Mary Barra is to…