John McCain first entered the public spotlight as a Navy fighter pilot during the Vietnam War. Taken prisoner after his plane was shot down, he suffered five and a half years of torture and confinement before his release in 1973. In 1986, he began his long tenure as the U.S. senator from Arizona, a position he holds to this day. McCain ran for president on the Republican ticket in 2008, losing to Democrat Barack Obama in the general election. EARLY LIFE “Now, we begin the mos

BEIJING -- China unveiled late Thursday a long-anticipated easing of foreign investment curbs in the auto industry and other key sectors as Beijing moves to open its markets further. China's National Development and Reform Commission published on its website a new version of the so-called negative list, which sets out industries where foreign investment is limited or prohibited, that will take effect July 28. In addition to confirming already announced pledges to fully remove

China will end foreign ownership caps on local auto companies by 2022 and will remove restrictions on new-energy vehicle ventures this year, a major shift that will open the market wider to carmakers such as Nissan and Tesla. The country will remove limits on companies making full electric and plug-in hybrid vehicles in 2018, commercial-vehicle companies in 2020 and the wider passenger vehicle market by 2022, China's state planner said in a statement. The move, which comes am

An interesting point of view and a very important factor indicated by Jimi Beckwith of autocar. co.uk. Car makers are worried that China’s EV electric sales targets are too strict and have urged the government for more flexible legislation. Car makers from across the industry have written a letter asking China to reconsider its plan to introduce stringent sales quotas for electric vehicles. The Chinese government is planning to introduce quotas that determine how many of each

As of the end of 2016, two million electric vehicles (EVs) had hit the roads globally, or according to the IEA 0.2% of all passenger cars. Auto manufacturers have invested substantial capital into EV technology, betting EVs are the future of the transportation. Tesla, the leading manufacturer of EVs, have showcased to the world the potential of EVs. The introduction of the Model 3, and other manufacturers releases at competitive price points, EVs are set to disrupt the global

AI is not just for driverless cars, digital assistants, or movie recommendations anymore; in multiple industries, it’s a wave about to break. According to a recent McKinsey Global Institute studysurveying 3,000 “AI-aware” companies around the globe, only 20 percent are using AI-related technologies in a core part of the business, but the majority expect to ramp up AI spending in the next three years. Other studies yield similar results. In an Infosys-funded survey of 1,600 bu