In its drive to take away market dominance of the BMW (BAMXY) 3-Series, General Motors (NYSE:GM) beefs up its new Cadillac ATS model with hi-tech gadgetry and a new rear-wheel-drive platform. The powerful V-6 engine still features, increasing the vehicle’s appeal to a younger set of buyers, and making the car a likely contender for the top spot in the compact luxury segment.
Netflix (NASDAQ:NFLX) has been accused of over-spending in the highly competitive U.K.video-on-demand market. Company executive Ted Sararndos defends company policy by recalling that the strategy to grab rights to popular content worked well in the U.S.
The latest rumor doing the rounds says Amazon (NASDAQ:AMZN) may use its September press conference to launch a smartphone. Though the consensus view appears to be a Kindle refresh, one can’t deny that a smartphone launch would be perfectly timed, given the forthcoming holiday sense and the new Apple iPhone5.
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