Lexus launches the teaser of its new concept car ahead of its launch

Lexus, the most renowned automaker Toyota's luxury vehicle division, has launched a new concept car teaser. The automaker has stated that it is a brand makeover, and it has decided to reveal its latest concept car way before its launch. The firm has also stated that it has not yet named its car but has launched its first-look. The car looks sleek with a high-riding sedan look.

Keeping its traditional look intact, Lexus' new car comes with a big grill, L badge, and ultra-based LED accent lights. The firm aims to bring the more futuristic approach to its unique concept car. Thereby it will have an auto-drive system incorporated with a horizontal light bar look. The brand badge is not seen. Instead, the company's name "Lexus" is spelled out on the new car's rear.

The company has not revealed anything about the interior features. But automobile experts have stated that it will be an all-electric vehicle with a futuristic Artificial Intelligence approach. The experts have also said that the car looks similar to the Polestar 2. The car embodies the Polestar 2 Sedan-as-crossover look pretty well. As per the recent reports, Lexus plans to reveal more details about the all-new concept car on March 30.

 

Russia approves to produce a new range of electric cars by the end of this year

Zetta, Russia's small private carmaker based in Tolyatti, has stated that it is designing a new electric car and has scheduled to launch production this year. The auto industry in Russia is seeing a surge in recent times. One of the largest exporters of oil and gas, to date, has no successful electric projects and many analysts state that there are slim prospects in the future, primarily as there is no suitable charging infrastructure to build new electric cars.

Russia's Industry and Trade minister has said that around 5,960 electric cars sold in Russia also included 687 new cars. The recent stats show that the entire fleet of electric cars in the country is over 10,000 only. To break these stats and make Russia a robust electric car market, Zetta is all set to produce the Soviet and Russian Lasa electric cars. The automaker also is planning to increase the manufacturing of urban cars and commercial cargo vehicles.

The firm on its official website has announced that the production will start before the end of this year. The project will also be given attention to bring in new experimental models. These cars will be all-electric and will be wholly manufactured in Russia. The Russian trade ministry has stated that the vehicles' launch date and the price will be announced by the end of this year.

 

Google’s former CEO gives $150 million to improve research standards in biology and artificial intelligence

Google's former CEO Eric Schmidt and his wife Wendy have given a whooping sum of $150 million to the research institute to establish an innovative "new era of biology" aimed at battling different diseases' variants by combining the right mixture of data and life sciences studies. It is said that the Massachusetts-based Broad institute MIT and Harvard will be using these funds to build an innovation center.

This innovation center will bring together academia and industry to merge the two disciplines to make people healthier and the world a better place. To date, these fields have developed in parallel. Their convergence will establish a new era of biology, which will yield a deep understanding of biological processes. Its ultimate aim and focus will be to improve human health through more powerful disease prevention, diagnosis, and treatment.

Experts have stated that this initiative will set a precedent for building many research centers that mix science and technology. The innovation center will be named after the Schmidts, and the research center will collaborate with experts from numerous fields at companies' ranging from Google, Microsoft, and AstraZeneca. It will also partner with learning institutions that include Oxford University and the Mayo Clinic.

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Society Isn’t Where It Needs To Be: Alphabet CFO

According to a report by PwC, the pandemic has had a severe impact on a decade's worth of work that has gone into helping women gain traction at the workplace in the U.S. and other rich countries.

While the pandemic has impacted many lives in a big way, the lives of women have been severely impacted as the crisis has added additional responsibilities to women. This is mainly due to the rise of WFH and remote schooling, which has added caretaking responsibilities on women. These responsibilities have brought about the exodus of legions of women from the global workforce.

For long, women have been tasked with caretaking responsibilities due to the longstanding societal structures. This has been a huge barrier for women to join the workforce traditionally. But things have changed in the last decade as the numbers of women at workplaces have significantly increased.

But the COVID-19 pandemic has thrown a curveball at this positive growth. "The most important point is society isn't where it needs to be," said Ruth Porat, CFO of Alphabet, in an interview. She was the CFO of Morgan Stanley prior to joining Google in 2015. "This is a broad societal issue."

But the gender disparity is apparent even in the private sector. Does Ruth do anything to help with this? "Where I'm most focused is: How do you break through those [headwinds] and accelerate the opportunities for women at all levels? And it clearly starts with the tone from the top," she said.

She explained that leaders must work together to put in place rigorous systems and processes to get better results for recruiting and higher equity for women at the workplace and at the corporate ladder's top echelons.