GM Cruise raises $1.15 billion from SoftBank and Honda

GM Cruise, the self-driving vehicle company, has managed to raise $1.15 billion in new equity from a group of investors the likes of which include T.Rowe Price Associates, SoftBank, Vision Fund, Honda and it’s parent company GM. The company is pushing to launch a fully functional ride-hailing service this year. The investment increases GM Cruise’s… Read More GM Cruise raises $1.15 billion from SoftBank and Honda

Trump tariff threats against China make oil prices fall

President Donald Trump said he will be sharply increasing tariffs on Chinese goods this week, another bold and unexpected move that sent investors into turmoil. Get it? Turm-oil. You’ll get it later. This announcement by the president caused oil prices to drop on Monday as his decision could jeopardise trade talks between two huge economies.… Read More Trump tariff threats against China make oil prices fall

Uber’s self-driving vehicle sector secures a $1 billion investment before IPO

Image -From left to right, Hiroyuki Wakabayashi (Denso), Eric Meyhofer (Uber ATG leader), Dara Khosrowshahi (Uber CEO), Shigeki Tomoyama (Toyota), and Ervin Tu (SoftBank Vision Fund) – courtesy: Uber Uber Technologies Inc has secured a $1 billion investment from three Japanese companies and with their IPO scheduled for next month this could be a great… Read More Uber’s self-driving vehicle sector secures a $1 billion investment before IPO

Apple’s new gaming service could cost them over $500 million

Apple could end up spending over $500 million on their upcoming game streaming service, Apple Arcade, the Financial Times reports. Apple Arcade, which was announced alongside Apple TV+, will feature over 100 games. According to several people familiar with the matter Apple has a budget of millions of dollars for each game which means their… Read More Apple’s new gaming service could cost them over $500 million

Fiat Chrysler makes a deal with Tesla to escape EU emission fines

Fiat Chrysler Automobiles have agreed upon a multi million euro deal with Tesla so that the electric vehicles Tesla manufactures can be apart of the Fiat Chrysler fleet of cars the Financial Times reports. New EU emission rules dictate that the average CO2 emissions level from cars must be at a maximum of 95g per… Read More Fiat Chrysler makes a deal with Tesla to escape EU emission fines