GM venture to recall nearly a million vehicles in China BEIJING (Pakistan Press Club) – One of General Motors Co’s (GM.N) China ventures will recall nearly a million vehicles due to fuel tank problems, the country’s quality watchdog said on Friday, the latest in a spate of major auto recalls in China over the last…
Fiat Chrysler CEO says in talks with Hyundai on tech partnership ARESE, Italy (Pakistan Press Club) – Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) is in talks with South Korea’s Hyundai (005380.KS) about a technical partnership, but there are no merger talks between the two, FCA Chief Executive Sergio Marchionne said on Saturday. FCA is…
Unilever CEO defends balance between growth, margin Unilever, CEO (Pakistan Press Club – New Jersey, Business Desk) – Unilever (ULVR.L) (UNc.AS) Chief Executive Paul Polman on Thursday defended his balancing of growth and margin, weighing in passionately after a weak third quarter on a debate sparked by this year’s unwanted approach from Kraft-Heinz (KHC.O).…
Nissan’s Japan car sales slide for second month after compliance scandal TOKYO (Pakistan Press Club) – Nissan Motor Co’s (7201.T) sales of domestic passenger cars fell by almost half in November – its second straight month of slides in the wake of a compliance scandal and its first since it resumed production of cars for…
Hundreds of American Air flights still lack pilots in December NEW YORK (Pakistan Press Club) – American Airlines still has hundreds of flights without pilots assigned to them in December, the company said on Thursday, after a scheduling error gave too many pilots time off. The number of flights that remain pilotless is now “a…
Bank of France warns on bitcoin speculation PARIS (Pakistan Press Club) – Bitcoin is a speculative asset and people who invest in it do so at their own risk, the Bank of France Governor Francois Villeroy de Galhau warned on Friday after recent volatile trading. “We need to be clear: bitcoin is in no way…
Verizon to launch 5G Internet next year Verizon to launch residential 5G service next year Pakistan Press Club – California Sacramento, California, will be the first city to get the network, which promises to be up to 100 times faster than existing cellular connections. Verizon said Wednesday that it plans to launch wireless 5G service in…
When cheap Cell phones can do everything, what happens to flagship Mobiles? Pakistan Press Club – New York We’re getting to the point where Android, and the phones that run it, can all do the same thing. Where does that leave the flagships? Have you heard? There are no more bad phones. The change happened slowly,…
Uber to take appeal over ruling on drivers’ status to UK supreme court Case to determine whether taxi app drivers get improved rights such as guaranteed minimum wage and holiday pay Uber plans to appeal to the UK’s supreme court against a ruling that drivers should be classed as workers, setting the scene for a…
Apple Has a Different Kind of Deal for Black Friday Pakistan Press Club – Toronto, Canada Apple has revealed its own take on Black Friday: it’s holding a one-day “shopping event” where instead of slashing prices on goods, it will give shoppers gift cards worth up to $150 with their purchases. The promotion applies to…
