finalises

<!----> Australia based company Recharge Industries at the weekend finalised a deal with administrators to take over collapsed battery maker Britishvolt, a media report said. The agreement revives hopes for the construction of a £3.8bn (A$6.7bn) “gigafactory” in northern England, the…

Ford India Private Ltd, which is shutting down its plant, has arrived at a final severance package settlement with the workers union, the company said on Wednesday. According to Ford India, as per the agreed settlement, it will revise the final severance settlement to an average equivalent of 140 days of gross wages per completed year of service from the ongoing offer of 130 days. An additional one-time lump sum of Rs 1.5 lakh will also be included in the final settlement. The cumulative severance for each employee will…

PlayStation has finally acquired Jade Raymond’s Haven Studios, after the move was announced earlier this year. The official PlayStation Twitter account made the announcement earlier today (July 11), confirming that the agreement to acquire Haven Studios has finally closed, after it was announced in March of this year. “It’s official! The agreement to acquire Haven has closed. Welcome to the PlayStation Studios family, Haven Studios,” wrote the account. It's official! The agreement to acquire Haven has closed. Welcome to…

Apple will have to change the connector on its iPhones sold in Europe by 2024 as EU countries and EU lawmakers on Tuesday agreed to a single mobile charging port for mobile phones, tablets and cameras.The agreement is a world first and came after companies failed to agree on a common solution. The European Commission had pushed for a single mobile charging port more than a decade ago.Users of iPhones and Android phones have long complained about having to use different chargers for their devices. The former from Apple is…

Apple will have to change the connector on its iPhones sold in Europe by 2024 as EU countries and EU lawmakers on Tuesday agreed to a single mobile charging port for mobile phones, tablets and cameras.The agreement is a world first and came after companies failed to agree on a common solution. The European Commission had pushed for a single mobile charging port more than a decade ago.Users of iPhones and Android phones have long complained about having to use different chargers for their devices. The former from Apple is…

Lordstown Motors Corporation finalised a deal to sell its vehicle plant in Ohio to Taiwan’s Hon Hai Precision Company in a deal worth US$230m. Lordstown was established in 2018 take over the redundant car plant from General Motors. The company has since spent around US240m to refurbish the plant to produce its self developed Endurance battery pickup truck. But with a growing number of EV startups in the US struggling with increasing…