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 [...]

PPG is preparing another bid for AkzoNobel after its first attempt failed earlier in March, according to Bloomberg. AkzoNobel previously rejected a $22.1bn takeover proposal from PPG, saying the offer ‘substantially undervalues’ the company. PPG, however, called the bid an ‘attractive and comprehensive proposal’. However, any possible takeover is facing growing opposition in the company’s [...]