Tag: Billion

Mercedes to invest $1 billion to make its Alabama plant EQ ready

Mercedes-Benz has set the ball rolling across the globe, making strategic provisions and investments in its electric endeavour. Latest in the scheme of things is the 1.3 billion dollar investment into its Alabama facility in the US to make it EQ ready. Mercedes’ electric car range is…

Ford to invest $1 Billion in Argo Al for autonomous vehicles

As part of Ford’s plans to introduce self-driving cars for commercial ride sharing fleets by 2021, the company has announced it plans to invest $1 billion over next five years in tech startup company Argo Al. Pittsburg-based Argo AI will help Ford build a virtual driver…

Bezos Says Amazon to Up India Investment to $5 Billion

Highlights Amazon would open a Web Services Cloud Region in India this year. Hyderabad centre would create jobs for thousands of people. The investment would accelerate India’s role as a hub for innovation. Amazon Inc Chief Executive Jeff Bezos said on Tuesday the company would invest…