- Volkswagen AG (OTC:VWAGY) is planning to invest in a joint venture in China to boost software production.
- The planned investment by the automaker could be above €1 billion (~$990 million), Reuters reported.
- The report noted that the company, which makes 40% of its sales and 50% profits in China, has a research and development center in the country.
- Also Read: Volkswagen Ramps Up Battery Materials Production Via New JV
- Volkswagen holds several joint ventures in China.
- Price Action: VWAGY shares closed lower by 1.40% at $16.90 on Wednesday.
- Photo Via Company
Northrop Grumman’s Integrated Battle Command System Achieves Initial Operational Capability From The U.S. Army
Northrop Grumman Corporation's (NYSE:NOC) Integrated Battle Command System (IBCS) has achieved initial operational capability from the U.S. Army. With this declaration, the system is now ready to be fielded to U.S.
