Denso bullish on business prospects as it tackles chip shortages
Denso Corp (6902.T), Japan’s largest auto supplier, was bullish about its prospects in a business presentation on Wednesday as demand for automotive chips expands and it tackles semiconductor shortages that have frustrated Toyota Motor Corp (7203.T), its biggest shareholder and customer.
Exclusive: Facebook-owner Meta tells hardware staffers to prepare for cutbacks
Facebook-owner Meta Platforms Inc (FB.O) is preparing cutbacks in its Reality Labs division, a unit at the center of the company’s strategy to refocus on hardware products and the “metaverse,” a spokesperson confirmed to Reuters on Wednesday.
Ferrari unveils new organisation and top team to face electrification challenge
Ferrari’s (RACE.MI) new chief executive on Monday unveiled a new organisation and leadership changes aimed at sharpening its technology focus and product exclusivity as the luxury sports car maker embraces electrification.
Mercedes-Benz unveils 1,000 km-per-charge VISION EQXX prototype
Mercedes-Benz (DAIGn.DE) on Monday took the wraps off its battery-powered VISION EQXX prototype which it says will have a range of more than 1,000 kilometres (km) per charge, taking a big stride in its electric vehicle (EV) ambitions.
