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VW, suppliers settle dispute after marathon talks
August 24, 2016 by elegant · Leave a Comment
By Andreas Cremer BERLIN (Reuters) – Volkswagen and two of its parts suppliers on Tuesday resolved a contract dispute that had hit output at more than half of the carmaker's German plants and threatened to undermine its recovery from a diesel emissions scandal. After more than 20 hours of negotiations that went on through the night, VW said it had settled its differences with CarTrim, which makes seats, …
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VW, suppliers settle dispute after marathon talks
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UBS leads team of banks working on blockchain settlement system
August 24, 2016 by admin · Leave a Comment
By Jemima Kelly LONDON (Reuters) – Swiss bank UBS is leading a team of four of the world's biggest banks developing a system to enable financial markets to make payments and settle transactions quickly using blockchain technology. UBS has developed a “Utility Settlement Coin” (USC), which is a digital cash equivalent of each of the major currencies backed by central banks, such as the dollar or euro, rather than a decentralized new digital currency such as bitcoin. The USC would be convertible at parity with a…
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UBS leads team of banks working on blockchain settlement system
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Daimler adopts Silicon Valley tactics to counter new rivals
August 24, 2016 by publisher · Leave a Comment
Mercedes-Benz maker Daimler is embracing Silicon Valley management techniques in a drive to speed up decision making, empower staff and fend off new rivals such as electric carmaker Tesla Motors . Chief Executive Dieter Zetsche is sweeping away layers of bureaucracy and encouraging a more experimental approach to new products. The changes will be closely watched by rivals such as BMW and Audi as traditional carmakers weigh up how to respond to new technologies including autonomous driving and electric vehicles that have turned firms like Google and Tesla into rivals…
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Daimler adopts Silicon Valley tactics to counter new rivals
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Tesla touts speed and driving range with new upgraded battery
August 24, 2016 by publisher · Leave a Comment
SAN FRANCISCO/WASHINGTON (Reuters) – Tesla Motors Inc crowned itself the maker of the world's fastest production car on Tuesday, saying a new version of its Model S all-electric sedan can accelerate from 0-60 miles per hour in just 2-1/2 seconds. Tesla Chief Executive …
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Tesla touts speed and driving range with new upgraded battery