The step to take Ellison on board at Tesla has garnered mixed reactions. On Friday, 28 December 2018, Tesla Inc. made Larry Ellison, the co-founder of Oracle Corp, a board member of the company. Ellison is a shareholder of Tesla while being a “self-described close friend” of Elon Musk, the C.E.O of...

The board of directors of the Japanese automaker Mitsubishi Motors Corp dismissed Carlos Ghosn from the post of chairman after his arrest and accusations of financial irregularities, according to Reuters. Osamu Masuko, CEO of the company, will become interim chairman of the board of directors....

Carlos Ghosn, Head of the board of directors of the car manufacturing concern Nissan, voluntarily went to the Tokyo prosecutor's office on Monday and was arrested, according to NHK television channel. Nissan Motor Co. confirmed in a press release that Ghosn has been underestimating personal income...

The consulting firm, which has become a key player in major transformation projects, is pursuing its international development by deploying a societal approach to organizational change. Gilles Bonnenfant, who has been re-elected for a third term as head of Eurogroup Consulting, explains how the...

As a prelude to public introduction, Goldman Sachs’ internal memo informs its staff about its digital saving accounts facilities. Marcus is the “digital consumer savings platform” of Goldman Sachs which the company has opened in Britain for its “own staff”. This launch comes before the company is...

The founder of SpaceX and Tesla Elon Musk told The New York Times that he is forced to spend 120 hours a week at work. Because of this, Musk began to have problems with sleep and excessive fatigue. People close are concerned about his health condition. According to Musk, the past year has become...

The manufacturer of antivirus software Symantec will lay off 8% of employees in order to improve profitability of the business. Symantec lowered its annual revenue forecast, as the antivirus company had much less deals than expected. In addition, to increase profitability, the developer intends to...

After Audi, BMW now announces the plan of building factory for electric car production which will also serve dual purpose. According to the information provided by BMW, the company is ready to invest around “1 billion euros”, which equals to “$1.17 billion”, to build a new factory for cars that...

Audi will manufacture engines for its entire range of “e-tron models” in its Hungary based unit. Audi’s Hungarian plant will be getting into the “serial production” of electric engines, revealed the luxury car manufacturer vide a statement on Tuesday, July 24, 2018.   According to the...