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Mercedes-Benz USA and its parent company Daimler AG have reached a settlement of $149.6 million in response to allegations that the automaker covertly installed devices in hundreds of thousands of vehicles to manipulate emission tests, as announced by a coalition
A report reveals that OpenAI has improved its margins on paid products this year, as it strives to uphold its leading status in the field of artificial intelligence. The publication conveyed that the company enhanced its “compute margin,” an internal
US President Donald Trump declared that nine pharmaceutical companies have consented to reduce the prices of their prescription medications in the United States. Pharmaceutical companies Amgen, Bristol Myers Squibb, Boehringer Ingelheim, Genentech, Gilead Sciences, GSK, Merck, Novartis, and Sanofi will
Elon Musk, already the world’s richest man, achieved another significant victory when the Delaware Supreme Court overturned a decision that had denied him a $55 billion pay package that Tesla awarded in 2018 as an incentive for its CEO to
Electric vehicle strategies across Asia are facing a fresh reality check as major battery and automakers in South Korea and Japan reassess their plans amid policy shifts in the US and Europe and abrupt strategic changes by Ford Motor, according
The newly established entity will be named TikTok USDS Joint Venture LLC, with American and global investors including Oracle, private equity firm Silver Lake, and Abu Dhabi-based MGX holding a combined 80.1 percent stake, while ByteDance will retain a 19.9
Ford Motor on Monday announced that it anticipates approximately $19.5 billion in charges, primarily associated with its electric-vehicle sector, as the company redefines its strategy in response to sluggish demand for EVs, as per reports. The charges highlight the significant
Dealmakers are approaching the concluding weeks of 2025 with a $100 billion cliffhanger. Paramount Skydance Corp.’s aggressive attempt to acquire Warner Bros. Discovery Inc. from the grasp of Netflix Inc. embodies the key themes that have defined a remarkable year
Nvidia has informed Chinese clients that it is assessing the possibility of increasing production capacity for its advanced H200 AI chips, following reports that orders have surpassed its existing output level, according to two sources familiar with the situation. The
A federal appeals court on Thursday upheld a ruling that found Apple in civil contempt for openly disregarding an order aimed at allowing its iPhone app store to accept payment systems other than its own. However, the decision also provided