Due to a manufacturing defect, California T had to be recalled by Ferrari. Ferrari NV’s a division, namely Ferrari North America Inc. is “recalling” some of “2016 California T vehicles”, reports Reuters. The said step was taken for a possible fuel leak risk in the engine compartment as pointed out...

In the latest high-profile target in a corruption crackdown in China, the head of China Telecom, one of the nation’s big three telecoms firms, is under investigation for “severe disciplinary violations”.   A statement on the website of the Central Commission for Discipline Inspection, the...

A large number of innovative future car technologies and state-of-the-art convenience devices are being planned to be introduced by Hyundai Mobis under the exhibition concept of ‘Lifetime partner in automobiles and beyond.’   The company is utilizing two complete floors in the exhibition...

570,000 SUVs manufactured by Fiat Chrysler Automobiles NV would be recalled, the company announced recently. The reason for the recall is fire risks in two campaigns linked to problems with vanity mirror wiring and a low-pressure hose.   At present the safety efforts of the company under...

A $1.1 billion strategic deal was signed between Singha Asia Holdings Pte. Ltd. and Vietnam's Masan Group to buy stakes in two of the consumer goods firm's unlisted units, the companies said.   In a deal that aims to help Singha expand in Vietnam and give Masan a foothold in Thailand,...

Apple has sued another lawsuit against Samsung Electronics, requiring additional payments of $ 180 million for patent infringement. According to Apple, the damage is done by Samsung five devices, sold by the South Korean company after the court verdict of 2012, found Samsung guilty of patent...

Former Russian oil tycoon Mikhail Khodorkovsky says he is considering applying for political asylum in the UK and feels safe in London reports BBC. Khodorkovsky is a fierce critic of Russian President Vladimir Putin.   A Russian court had declared Khodorkovsky as "under arrest in absentia"...

Indicating that its $150 billion dollar nuclear power program is getting off the ground, India expects to seal a contract with Westinghouse Electric Co LLC to build six nuclear reactors in the first half of next year.   India plans to set up roughly 60 reactors, which would make it the...

Forest City Enterprises sells Barclays arena and the Brookyn Net team to Onexim. In an announcement, the Forest City Enterprises, Inc. revealed that “Onexim Sports and Entertainment” has engaged itself with the former’s subsidiary, Nets Sports and Entertainment, through a “purchase and sale...