The company has pledged its corporate headquarters in Los Angeles as collateral to secure the rescue loan from Innovatus Capital Partners, a New York investment firm, for a term of one year, according to a Wall Street Journal report on Aug. 3.
The committee's work as a think tank will be further improved, Wang said, adding that information exchanges on international commercial issues among the members need to be intensified.
The company has made little efforts in terms of new technological trends such as electrified powertrains. FCA did announce recently plans to join BMW to work on autonomous driving, but most automakers began that work years ago.
The commodities are not only supplied to large stores such as Hiper Number One, but also to about 5,000 Chinese-run stores of various sizes across the country and well-known Western retailers, such as Walmart and Carrefour.
The company aims to expand the 5G commercial services to all Chinese cities above the prefecture level by 2020.
The commercial blocks refer to industrial clusters that combine distinctive local culture and nighttime sightseeing tours. They are expected to boost culture and tourism consumption with abundant products, good infrastructure and influential brands.
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The company had targeted a launch of the set-top box around the holiday season, but those plans were delayed.
The company also posted solid growth in its Internet of Things service, with the total number of smart connections exceeding 150 million by the end of the first half.
The company also introduced several new monitoring and data analytics service that now work with the VMware Cloud for AWS product. First released last year, VMware Cloud for AWS allows VMware customers to keep their on-premises investments in virtualized apps while being able to take advantage of cloud services provided by AWS when needed. Most people using VMware Cloud for AWS are already customers of both companies, Lohmeyer said.
The combination of still pictures and travel tips no longer satisfy customer demand when it comes to global destinations.