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The rapid embrace of AI in China, its biggest testing ground, may shape how AI is used globallyChina is rapidly adopting artificial intelligence tools. Ordinary citizens and businesses are using AI for daily tasks and work. Chinese co...- US retail sales rises 1.7% MoM in March driven by gas price spike due to the Iran warA spike in gas prices due to the Iran war, now in its eighth week, resulted in a hefty 1.7% gain in retail sales in March after a revised 0...
- Beijing auto show: Chinese EV makers target Europe’s luxury car turfChinese car makers are now targeting premium customers. Brands like Geely and Nio are launching advanced electric and hybrid vehicles. Thes...
- Super Micro begins independent probe after criminal case against cofounder, othersSuper Micro is investigating an indictment against three individuals for export-control violations. The company is also reviewing its trade...
- Newcomers shrug off China’s EV headwinds with bets on niche carsDespite a crowded and consolidating Chinese auto market, new entrants are betting on innovation and niche demands to succeed. Companies are...
- Americans may pay $2,000 more for each new car, thanks to TrumpTrump's auto tariffs, estimated at $30 billion, are poised to increase car prices by approximately $2,000 per vehicle, potentially decreasi...
- Smart driving new front in China car wars despite fatal crashAlmost 60% of cars sold in China last year had level-two advanced driver-assistance systems (ADAS) features where the driver is still in co...
- Amazon aggregator Thrasio prepares for bankruptcy: reportThrasio has been advised by New York-based consulting firm AlixPartners in recent years and their retail turnaround professional Holly Etli...
- Retail sales flat in September as inflation takes a biteRetail sales were flat last month, down from a revised. 0.4% growth in August, the Commerce Department reported Friday. Retail sales fell 0...
- RattanIndia to buy electric motorcycles maker RevoltThe deal is the latest in the Indian electric vehicle (EV) space after startups Euler Motors and Yulu received investments worth several mi...
- Electric vehicles could take 33% of global sales by 2028: AlixPartnersTo support that demand, automakers and suppliers now expect to invest at least $526 billion on EVs and batteries from 2022-2026, the firm s...
- Biocon arm to buy US company Biosimilar biz for $3.34 billionBiocon Biologics (BBL) will get the global biosimilar business of Viatris in developed and emerging markets, with an estimated revenue of $...
- Automakers to battle chip crisis for yearsSince late last year, the chip shortage hasn’t let up, prompting vehicle production to plummet even below levels of last year when the pand...
- Broken supply chains threaten ruin at a growing number of small firmsThe companies warning of financial extinction stand out because there are so few other distressed situations left after more than a year of...
- Aviation supply chain faces mounting strain as demand picks upAerospace has, so far, avoided the scale of supply woes faced by auto makers and machinery cos as planemakers Boeing Co and Airbus are prod...
- General Motors escalates the electric vehicle arms raceGM's additional spending accelerates a global arms race among automakers and technology companies to expand electric vehicle offerings. Con...
- Zoomcar appoints CV Ramachandran as independent directorHe has also worked for over 30 years as a partner at Accenture, AlixPartners, ATKearney and Booz Allen, according to a company release. He ...
- Thomas Cook India acquires rights to Thomas Cook brand for India, Sri Lanka and MauritiusTCIL has signed an agreement with AlixPartners for a one-time payment of Rs 13.9 crore.
- British tailoring house, Austin Reed goes into insolvency with 1,200 jobs at riskIt becomes the second high street retailer in two days to appoint administrators after British Home Stores suffered the same fate yesterday.
- World auto sales expected to rise 7.0 percent: ReportWorldwide sales of new cars are expected to rise 7.0 percent this year to 68 million units despite a 10 percent slide in Europe, a study by...
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