Chinese tech giant Tencent has invested £1.4bn in Tesla giving it a five per cent stake in the business. Tencent, one of Asia’s largest technology firms and best known for its WeChat mobile app, has been investing in a number of sectors, including gaming, entertainment, cloud computing and online financing. The business has backed several [...]

Toyota Motor Corporation has joined forces with telecommunications company Nippon Telegraph and Telephone Corporation (NTT) to develop a new ICT platform for connected cars. The platform aims to tackle issues like road traffic accidents, congestion and the delivery of new mobility services with the goal of creating a Smart Mobility Society future. Different sectors of [...]

Uber Technologies has suspended its driverless car programme after one of its vehicles ended up on its side following a collision in Arizona. Two safety drivers were in the front seats of the vehicle at the time, although there were no serious injuries. The car was in driverless mode when it collided with a second [...]

PPG’s proposed takeover of AkzoNobel continues to come under the spotlight with news of shareholders urging the Dutch company to talk with its American rivals. PPG offered a revised €22.7m bid earlier this week, which AkzoNobel rejected. It said the ‘unsolicited proposal’ didn’t warrant engagement and that there was a ‘significant cultural gap’ between the two [...]

AkzoNobel has rejected a second unsolicited, non-binding and conditional proposal from PPG Industries Inc. According to AkzoNobel the proposal fails to reflect the current and future value of the business, and also neglects to address the significant uncertainties and risks for shareholders and other stakeholders. The Management Board and Supervisory Board of AkzoNobel, together with [...]