Tech giant Huawei's president has denied the firm has any links to Chinese spying operations. In a letter to the House of Commons Science and Technology Committee, the firm's president Ryan Ding insisted the firm was not involved with such practices. But a 2012 US House Intelligence Committee report outlined Huawei's links to the Chinese state, has since been picked up by other western governments, including Australia, Germany and the UK. FBI Director Christopher Wray has also suggested that the company's smartphones could be used to "maliciously modify or steal information." But Mr Ding insisted that Huawei had never and would never assist any country in gathering intelligence on other countries.
WASHINGTON – Ford scuttled a plan to build a new factory in Mexico Tuesday following criticism from Donald Trump, and just hours after the president-elect attacked General Motors for importing Mexican-made cars into the US. Following months of criticism from Trump for its investments in Mexico, Ford said it was spiking a plan to build a new $1.6 billion plant in San Luis Potosi, and would instead invest $700 million over the next four years to expand its Flat Rock Assembly Plant in Michigan to build electric and self-driving vehicles. Ford chief executive Mark Fields said the second-biggest U.S. automaker was hopeful Trump's policies will boost the U.S. manufacturing environment. "It's literally a vote of confidence around some of the pro-growth policies that he has been outlining and that's why we're making this decision to invest here in the U.S. and our plant here in Michigan," Fields told CNN. Earlier, GM became the latest multinational to end up in Trump's line of fire -- via Twitter as usual -- with the president-elect threatening to impose a tariff on GM's imports of a small number of Mexican-made Chevy Cruze cars to the U.S. Trump took to Twitter again to crow about the Ford reversal.
Facebook has been savaged by politicians from across the globe after boss Mark Zuckerberg once again refused to answer questions. The company was accused of undermining democratic institutions and failing to take responsibility for the damage it had done to the world. But the hearing was marked by the fact that Mr Zuckerberg had not arrived, despite a request that came from a coalition of lawmakers from around the world. Uber has halted testing of driverless vehicles after a woman was killed by one of their cars in Tempe, Arizona. The I.F.O. is fuelled by eight electric engines, which is able to push the flying object to an estimated top speed of about 120mph The giant human-like robot bears a striking resemblance to the military robots starring in the movie'Avatar' and is claimed as a world first by its creators from a South Korean robotic company Waseda University's saxophonist robot WAS-5, developed by professor Atsuo Takanishi and Kaptain Rock playing one string light saber guitar perform jam session A man looks at an exhibit entitled'Mimus' a giant industrial robot which has been reprogrammed to interact with humans during a photocall at the new Design Museum in South Kensington, London Electrification Guru Dr. Wolfgang Ziebart talks about the electric Jaguar I-PACE concept SUV before it was unveiled before the Los Angeles Auto Show in Los Angeles, California, U.S The Jaguar I-PACE Concept car is the start of a new era for Jaguar.
Welcome to California Inc., the weekly newsletter of the L.A. Times Business section. When trading resumes Tuesday, investors will be watching whether the stock market can retain the momentum it had at the end of last week when U.S. stocks had almost completely recovered from the losses suffered after British citizens voted to leave the European Union. The Bank of England has promised to take steps to boost the British economy, but U.S. investors may be looking close to home when the latest national jobs report is released Friday. Zombies released: Universal Studios Hollywood will open its "The Walking Dead" attraction Monday, one of several new attractions this summer at Southern California theme parks. "Walking Dead" will rely on a combination of animatronics and real-life actors playing zombies who chase and lunge at park visitors.
General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce in the face of a stagnant market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles. The announcement is the biggest restructuring in North America for the US's largest carmaker since its bankruptcy a decade ago. Its shares rallied 7.6 percent to $38.66. GM plans to halt production next year at three assembly plants - Lordstown, Ohio, Hamtramck, Michigan, and Oshawa, Ontario. The company also plans to stop building several models now assembled at those plants, including the Chevrolet Cruze, the Cadillac CT6 and the Buick LaCrosse.