Porsche has issued a recall of 27,527 vehicles in the United States due to a potential issue with the high-voltage battery pack that may experience a short circuit and increase the risk of a fire. According to reports, affected vehicles include 2021-2024 Porsche Taycan models. Dealers will install diagnostic software in the vehicles and perform…
Apollo: $3.6 Billion Barnes Group Acquisition Deal
Apollo Global Management has announced plans to acquire Barnes Group, the aerospace parts maker, in a deal valued at $3.6 billion USD to benefit from long-term aerospace trends at a time when travel demand is surging. According to reports, the deal is expected to close before the end of the first quarter of 2025 and…
ChargeScape Welcomes Nissan To Its Charging Technology
Nissan has announced plans to invest in ChargeScape, a leading electric vehicle charging infrastructure, and integrate the company’s charging technology into its electric vehicles in the United States and Canada. According to reports, after the transition Nissan will own a 25% stake in the company, becoming an equal investor in the joint venture alongside BMW,…
Blue Owl: $1 Billion IPI Partners Acquisition Deal
Blue Owl Capital Inc. also known as Blue Owl is an American alternative investment asset management company founded in 2021 and headquartered in New York City. It offers private market solutions to various clients, including institutional investors, financial advisors, growth tech companies and insurance companies. According to reports, Blue Owl has announced plans to acquire…
Volkswagen To Recall 1,467 Vehicles
Volkswagen has issued a recall of 1,467 vehicles due to a defect in the brake master cylinder, which can lead to reduced braking performance and increase the risk of accidents. According to reports, the master cylinder may have been assembled with an incorrect secondary piston spring retainer, which can obstruct the brake fluid port and…
Microsoft: $4.8 Billion AI & Cloud Investment In Italy
Microsoft has announced plans to invest $4.8 billion USD over the next two years to strengthen its artificial intelligence and cloud infrastructure in northern Italy. According to reports, this investment will boost Italy’s digital economy and establish the country as a major hub for AI and cloud services in the Mediterranean region. The report further…
Samsung Electronics To Layoff 10%
Samsung Electronics has announced plans to lay off around 10% of its global workforce as part of a restructuring plan to cut thousands of jobs affecting certain markets in Southeast Asia, Australia, and New Zealand. According to reports, the layoffs are part of the company’s effort to improve operational efficiency as it has faced stiff…
Credit Commercial de France To Layoff 1,200
Crédit Commercial de France is a commercial bank in France, headquartered in Paris and founded in 1894 as the Banque Suisse et Française, and renamed to CCF in 1917. Asa of 1920, it had grown to be the sixth-largest bank in the country and is currently backed by Cerberus Capital Management. According to reports, CCF…
Telsa To Recall 27,000 Vehicles In The US
Tesla has issued a recall for over 27,000 vehicles in the United States due to delayed rear-view camera images that could impair driver visibility and increase crash risks. According to reports, the problem is from the vehicles’ shutdown and reboot systems, which can leave the rear-view display blank for up to six to eight seconds…
AO World: $13.3 Million musicMagpie Acquisition Deal
AO World is an electrical retailer founded in 2000 and headquartered in Bolton, England. It specializes in household appliances and electricals and operates in the United Kingdom (ao.com). According to reports, AO has announced plans to acquire musicMagpie for $13.3 million USD to boost its mobile and consumer tech businesses and create new opportunities for…