While predicting that vehicles that could not drive themselves would become a "strange anachronism" before too long, Tesla's owner, Elon Musk, has said it is an "open secret" that Apple is making a rival electric car.   This was said by the tech entrepreneur during an interview with the BBC...

With the US federal fuel -economy standards looming in 2017, car companies are hustling to bring out hybrid and electric models to help them meet the new rules. This despite the fact that American consumers were taking advantage of low gas prices to buy trucks and sport utility vehicles in large...

A merger between the French telecoms operator Bouygues and rivals Orange would have created value for the latter and safeguard jobs in the sector, said Orange Chief Executive Stephane Richard said on Tuesday.   In a possible deal which could see Bouygues receive a 15 percent stake in Orange...

As China's richest man steps up a drive to diversify his business empire overseas, Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion. The deal has turned the company chairman into a Hollywood movie mogul.   The takeover would...

After an agreed $32 billion cash and stock offer, catapulting it to a leading position in treating rare diseases, drug maker Shire Plc clinched its six-month pursuit of Baxalta International Inc on Monday.   After adding a cash sweetener, the U.S. firm that makes medicines and treatments for...

In order to compete with BMW and Audi in the world's biggest car market, Japan's Honda Motor Co will launch a new small crossover sport utility vehicle this year in China. This would also be an effort by the company for a broader makeover and even the survival of its stalled luxury Acura brand,...

The flour business of the BUA Group has been sold to Olam International of Singapore for $275 million. The BUA Group is one of Africa’s largest food and infrastructure conglomerates.   Even though BUA Flour Mills had become one of the largest and most efficient flour milling businesses in...

After failure of its flagship smartphone, One M9, HTC expected to improve their position with the new model One A9, but even those plans went awry. Contrary to rumors, November last year proved to be unsuccessful for the manufacturer, as well as all the previous months. In December, the situation...

Economic growth, cheap gasoline and low interest rates have provided unprecedented sales in America. For the German automakers in 2015, the results are mixed. 2015 was very successful for the global automotive industry. The greatest results were achieved by automakers in the United States, which...