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IBM Investing Billions in 'Internet of Things'
IBM estimates that 90% of all data generated by devices such as smartphones, tablets, connected vehicles and appliances is never analyzed or acted on and that much of the data begins to lose value if not quickly analyzed.
Ford to Relaunch Lincoln Continental in US, China
The revived Continental has Venetian leather seats and door panels, laser-assisted head lamps designed to reduce glare and a tinted sunroof that lets passengers control heat from direct sunlight. It employs a V6 engine.
Honda to Invest Millions in UK Factory
Japan's number-three automaker said the cash would help improve the plant's efficiency and boost the number of passenger cars that can roll off its assembly lines. The factory presently has the capacity to make 250,000 vehicles annually.
Philips to Sell Major Stake in LED, Car Lighting Group
The deal is part of Philips broader streamlining move which will eventually see the 120-year-old company transform into a specialist healthcare-lifestyle manufacturer.
Tesla's Musk Teases New Product Line
Musk, who has created a buzz around Tesla with a wildly popular auto line with only limited production, was intentionally vague.
Volvo Cars to Build First US Factory 1
Despite its presence in the U.S. since 1955, Volvo is a small player in the country. Last year its U.S. sales fell by 8% to 58,000 units -- representing a mere 0.4% of the market.
Takata Sued in Canada Over Faulty Airbags
About 20 million vehicles produced by some of the world's biggest automakers are being recalled due to the risk their Takata-made airbags could deploy with excessive explosive power, spraying potentially fatal shrapnel into the vehicle.
Intel in Talks with Altera on Tie-Up
Altera, which designs processors for phone networks, cars and other devices, would help Intel diversify its product line amid slumping demand for personal computers.
Cocoa King Ivory Coast Wants to Cash in on Chocolate
Home to more than 35% of the world's cocoa crop, this west African country whose equatorial countryside is dotted with plantations, made cocoa its economic engine since independence from France in 1960.
Federal Reserve
Yellen: Fed Weighing Rate Hike, Admits Move Could Slow Growth
Yellen emphasized that the FOMC was taking a "gradualist approach" as it weighs whether the economy is strong enough to weather higher rates.
Ford Doubles Production Capacity in India
The government has already relaxed rules for foreign investors and has promised to slash red tape which has long frustrated overseas companies, eager to create jobs for the millions of Indians who enter the employment market each year.
Pirelli Future, and Calendars, Safe in Chinese Hands
The accord will see Pirelli delisted from the Milan bourse and split into two units, one producing high-end tires, the other industrial tires.
Boeing Close to Deal with Chinese Airline for 30 Dreamliners
The 787-9 can carry up to 280 passengers for distances of almost 9,570 miles and analysts said Hainan Airlines will need the aircraft as it seeks to expand international routes.
Jaguar Land Rover to Invest Millions in Britain
The British car brand, which was bought by India's Tata Motors from Ford in 2008 at the height of the global financial crisis, said the investment showed its commitment to Britain's resurgent car industry.
Toyota Rolls Out Shared-Parts Strategy to Chop Costs
Toyota said the move, aimed at cutting development costs by 20%, would start with mid-sized, front-wheel-drive vehicles this year. It wants half of vehicles it sells globally by 2020 to fall under the new platform strategy.
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