Kia has issued a recall of over 101,000 vehicles due to a potential hazard with the roofs of the vehicles. According to the notice from the National Highway Traffic Safety Administration (NHTSA), detached roof molding can create a road hazard for other vehicles, increasing the risk of a crash. The report further mentions that the…
Ford Recalls 1,889,110 Vehicles
Ford has issued a recall of 1,889,110 vehicles due to concerns that a clip holding the windshield trim in place may detach while driving, causing a trim piece to come off. According to the notice from the National Highway Traffic Safety Administration (NHTSA), a clip on the affected vehicles can come loose and cause the…
SAP Restructures 8,000 Positions
SAP SE is a multinational software company that develops enterprise application systems including cloud engineering software, customer relationship management software, enterprise performance management software, and supply chain management software, etc. The private company was founded in 1972 and has its headquarters located in Wurttemberg, Germany, with over 180 regional offices globally. It also boasts of…
eBay to Layoff 1,000
eBay has announced plans to cut 1,000 jobs in a bid to monitor and control the current challenging macroeconomic environment. This layoffs amounts to 9% of the company’s full time employees, and the report mentions that the plan is to implement organizational changes by reducing their overall headcount and expenses. The company’s employees were asked…
LG: First EV Charging Facility
LG Electronics Inc. is a multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a subsidiary of LG Corporation. The subsidiary was founded in 1958 as GoldStar. LG has announced the launch of its first Electric Vehicle charging facility in Texas, USA. The new EV Charging facility spans across 100,000 square feet…
BlackRock: $12.5 Billion GIP Acquisition Deal
BlackRock Inc is a multinational investment company that was founded in 1988, with its headquarters in New York, USA. The company boasts of being the largest asset management firm in the world, with $9.42 trillion USD in assets as of June 2023. With over 70 offices in 30 countries, the company specializes in asset management,…
Unity To Layoff 1,800
Unity is a cross-platform game engine developed by Unity Technologies, a software technology company founded in 2005 with its headquarters in San Francisco, USA. Unity game engine supports a variety of desktop, mobile, console, and virtual reality platforms. The company is also known for iOS and Android mobile game development. Some games that have been…
USA: Spacecraft Launch to the Moon
Astrobotic Technology is a private company founded in 2007 that specializes in developing space robotics technology for planetary missions. With its headquarters in Pennsylvania, USA, the company has been contracted by the National Aeronautics and Space Administration (NASA) to deliver the agency’s experiment materials to the moon ahead of its future manned explorations. According to…
Audacy Files for Bankruptcy
Audacy, Inc. is an American broadcasting company, founded in 1968 as Entercom Communications Corporation, with headquarters in Philadelphia, Pennsylvania. It is the second-largest radio company in the United States, boasting of about 235 radio stations across 48 media markets. According to reports, Audacy recently filed for Chapter 11 bankruptcy, citing approximately $1.9 billion in debt,…
Tesla Recalls 1,610,105 Vehicles
Tesla has issued a recall of over 1.6 million vehicles in China over the assisted driving feature and door-locking systems. According to the Chinese State Administration for Market Regulation (SAMR), certain models experience issues with the autosteer feature as well as the door-locking system. The models affected include: Imported Models S and X (7,538 units)…