Toyota has issued a recall of 145,000 vehicles due to problems with the airbag. According to reports, the curtain airbag on the driver’s side may not deploy properly during certain crashes if the driver’s side window is rolled down, potentially increasing the risk of injury during a crash. Affected vehicles include 2024 Lexus TX and…
Onsemi: $2 Billion Investment In Czech Republic
ON Semiconductor Corporation, also known as onsemi, is an American semiconductor supplier company founded in 1999 and headquartered in Scottsdale, Arizona. It specializes in power and signal management, custom devices for automotive, communications, computing, military/aerospace, and power applications. According to reports, onsemi has announced plans to invest $2 billion USD in the Czech Republic to…
India: $2.25 Million Binance Fine
India’s Financial Intelligence Unit (FIU) has issued a fine of $2.25 million USD to Binance for violating the country’s anti-money laundering regulations. The FIU is a central national agency in India that is in charge of monitoring and controlling financial activities in the country and identifying patterns and suspicions of money laundering crimes. According to…
Amazon: $10.75 Billion Cloud Investment In Germany
Amazon has announced plans to invest $10.75 billion USD in Germany to expand its cloud infrastructure and logistics network in the country. According to reports, about $8.8 billion USD will be used to enhance the cloud infrastructure for Amazon Web Services (AWS) in Frankfurt by 2026. The report further mentions that the remaining funds will…
The First All-Electric Ferrari
Ferrari S.p.A., popularly known as Ferrari, is an Italian luxury sports car manufacturer headquartered in Maranello, Italy. It was founded in 1939, the company specializes in high-performance, innovative luxury vehicles. According to reports, the Italian sports car manufacturer has revealed its plans to produce an all-electric vehicle in late 2025, with a starting price of…
Fisker Files for Bankruptcy
Fisker Inc., the American automotive company, recently filed for Chapter 11 bankruptcy protection due to financial difficulties as well as software and mechanical problems. According to reports, Fisker is looking for a buyer for its assets, with estimated assets of $500 million to $1 billion USD and debts between $100 million and $500 million USD….
Stellantis Recalls Over 1 Million Vehicles
Stellantis has issued a recall of more than 1 million vehicles in the United States due to problems with the rearview camera. According to the notice from the National Highway Traffic Safety Administration (NHTSA), a problem with rearview cameras stopped images from displaying, increasing the risk of a crash. Affected vehicles include 2021-2022 Dodge Durango,…
Suzuki: $50 Million Tier IV Investment
Suzuki Motor Corporation is a Japanese multinational mobility manufacturer founded in 1909 and headquartered in Hamamatsu, Shizuoka. It manufactures automobiles, motorcycles, all-terrain vehicles, etc. According to reports, Suzuki has announced an investment of $50 million USD in Tier IV to develop self-driving systems for rural and small roadways. This investment will help Tier IV build…
Cisco: To Build Cybersecurity Center In Taiwan
Cisco Systems, Inc., the multinational technology company, announced plans to establish a cybersecurity center in Taiwan as part of what the company calls its Taiwan Digital Acceleration Plan 3.0. The center will focus on cybersecurity and will collaborate with relevant tech associations for enhanced threat intelligence and cyber readiness. The report also mentions that Cisco…
Tesla Recalls 5,836 Vehicles in China
Tesla has issued a recall of 5,836 imported vehicles in China due to issues with the software. According to China’s State Administration for Market Regulation (SAMR), the vehicles fail to deliver an audible or visual warning from the seat belt reminder device when the driver is not wearing a seatbelt. Affected vehicles include Tesla Model…