India plans $6.6 billion in incentives to woo smartphone makers

India is offering financial incentives and plug-and-play facilities with an outlay of about 500 billion rupees ($6.6 billion) to attract investments from global companies in the manufacture of mobile phones and related components. The government will initially target five global suppliers and extend a financial incentive of as much as 6% on incremental sales of […]

Volkswagen and Ford close self-driving tech deal

Ford and Volkswagen have entered a new phase in their collaboration with Argo AI, with Volkswagen’s investment in Argo AI finalised on June 1. The collaboration, which was announced last July, seeks to introduce autonomous vehicle technology in the U.S. and Europe while helping both the brands improve cost and capital efficiencies. As part of […]