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Facebook Might Acquire Waze for $1 Billion


Facebook plans to buy navigation app for mobile devices called Waze and the company might pay $1 billion. Waze has almost 50 million users and it provides driving directions based on information from other members, such as tips on accidents or traffic jams, but is also serves as a social network, allowing its users to leave messages for other drivers, coordinate ...
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Maria Sharapova Signs Deal With Porsche as Brand Ambassador
Tennis superstar Maria Sharapova signed a three-year endorsement deal with sports car maker Porsche. Maria Sharapova will represent the German automaker in a worldwide ad campaign. The star has been the ...
Ford and GM Sign Deal to Develop 9- and 10-Speed Automatic Transmissions
Ford and GM signed an agreement to jointly develop an all-new line of 9- and 10-speed automatic transmissions to increase performance and fuel economy of their vehicles. The new 9- and ...
GM’s Workers in Spain Accepted Wage Freeze for Competitiveness
GM’s workers in Spain accepted the company’s plan to freeze salaries for two years to increase competitiveness against other plants in Europe. GM’s plant near Zaragoza has 6,000 workers who accepted ...
Fiat and Serbia Close Deal for Cheaper 500L Model for Domestic Market
Serbia and Fiat have closed a deal on a subsidy to manufacture a cheaper 500L model for the domestic market. Serbia and Fiat have made an agreement according to which the ...
A Second Labor Union Accepts Renault’s Deal
Labor unions accepted Renault’s deal on pay and conditions which the company says will increase its competitiveness. Renault previously announced it plans to cut 7,500 jobs in its home market by ...
Ford Will Sell Cars and Pickup Trucks in Myanmar
Ford will soon begin distributing cars and pickup trucks in Myanmar, according to the head of Ford’s local partner. Ford will open in May its first showroom in Yangon, Myanmar as ...
Opel Labor Unions Accept the 2016 Closure of the Bochum Plant
Opel’s labor unions decided to agree with the automaker’s decision to close the Bochum plant. According to GM Vice Chairman Steve Girsky, labor unions have to sign by the end of ...
GAC, Fiat And Chrysler Sign New Deal to Build Jeeps in China
Recently, Guangzhou Automobile Group, Fiat and Chrysler have signed a deal to manufacture and sell more vehicles in China, including Jeeps. The deal was signed today, February 19th, at Chrysler's headquarters ...
Chrysler Close to Sign Deal With Preferred Lender
Chrysler is close to signing a deal with a financial services provider that promises to increase leasing for dealers. Chrysler’s CEO Sergio Marchionne did not give the name of the financial ...

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