Automotive sector has once again stolen the limelight where technology developments are concerned and this time to move is geared towards introducing software packages meant to improve driving experience. Particularly under the scanner is Mobileye NV (NYSE:MBLY), a technological company that specializes in ADAS, meaning Advanced Driver Assistance Systems. While most financial experts have labeled Mobileye…
Ford Motor Company (F) Update: The Production of the 6th Generation 2015 Ford Mustang Officially Begins in Flat Rock
The long wait is over as the production of the iconic engineering under the pseudonym 2015 Ford Mustang finally kicks off in Flat Rock, Michigan. Dealers are already free to send in orders while individuals will have to wait till early next month. With the demand being extremely high for this engine, Ford Motor Company…
General Motors Company (GM) Working With Seeing Machines Limited (SEE) to Launch an Automobile Capable of Detecting Distracted Driving
A new technology that monitors eye focus and head movement for drivers is set to be unveiled by General Motors Company (NYSE:GM), the largest selling car manufacturer in the US. This technology fires a warning shot at those who like reading newspapers, chatting on their phones, or checking emails while on the road. In an…
Kevin Durant Prefers Nike Inc (NKE) Yet Again, This Time Over Under Armor Inc (UA)
‘History repeats itself’ is probably the best way to describe Kevin Durant’s decision to continue his contract with Nike Inc (NYSE:NKE) and not shift to Under Armor Inc (NYSE:UA). This only underlines Durant’s liking for Nike Inc (NYSE:NKE), something that had become apparent in 2007 when the player was fresh out of college and had…
Wal-Mart Stores, Inc. (WMT) Tries To Cut Health Care Costs With New $4 Health Care Program
Wal-Mart Stores, Inc. (NYSE:WMT) has gone a demonstrable mile, offering primary health services to employees at a surprising $4 by partnering with local health care service providers. These services are offered in branded clinics within their premises. This isn’t for everyone though as other customers must part with $40 for the same services. According to…
Tesla Motors Inc (TSLA) Faces the Latest Dealer Uprising in Georgia Against Direct Distribution Of Model S
Subsequent to five states namely New York, New Jersey, Ohio, Missouri and Pennsylvania, Tesla Motors Inc (NASDAQ:TSLA) now faces the dealership ire in Georgia wherein a petition has been filed by auto retailers barring the sale of its latest launch, Model S Sedan. Representative of 500 dealerships, GADA, a name for Georgia Automobile Dealers Association,…
Wal-Mart Stores, Inc. (WMT) to Strengthen Yihaodian Against Alibaba Group Holding Limited in China
Wal-Mart Stores, Inc. (NYSE:WMT) is working hard to win customers in the second-largest economy of the world. With Alibaba Group Holding Limited planning for an IPO in the US next month, this might just be the opportunity for Wal-Mart Stores, Inc. (NYSE:WMT) to boost its market share in China. Wal-Mart Stores, Inc. (NYSE:WMT) is trying…
General Motors Company (GM) Update: More than 100 Death Claims Filed in GM-Ignition Switch Fund
According to a spokesperson for Kenneth Feinberg, Amy Weiss, the GM compensation program has received 107 death claims until August 26, 2014. These claims are a part of 309 claims that have been submitted for compensation for accidents caused by a faulty ignition switch in General Motors Company (NYSE:GM) cars. General Motors Company (NYSE:GM) agreed…
General Motors Co. (GM)’s Lawyers Under The Federal Scanner
The problems for General Motors Co. (NYSE:GM) do not seem to end anytime in near future. Federal prosecutors are inspecting about the role of employees working in the legal department of the company. The prosecutors suspect that the legal department concealed critical evidence from involved regulators leading to a delay in recall of faulty vehicles.…
The Gap Inc. (GPS) Raised Profit Forecast with Expansion Plans in India
With motivating second quarter 2014 financial results, The Gap Inc. (NYSE:GPS) has raised its earnings guidance for fiscal 2015 to $2.95-$3.00. The company reported financial results for second quarter on August 21, 2014 and as per its expansion plans; the company is planning to open up to 40 new stores in India. According to the…