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Twitter Lawsuit Halted So Elon Musk Can Close Deal
The ruling followed days of uncertainty about Musk's intentions and removed the threat that the erratic entrepreneur would have to testify under oath this week about his claims that Twitter fraudulently misled him.
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China's Evergrande Delivers First Electric Vehicles
The company, a unit of heavily indebted property developer China Evergrande Group, launched production of the vehicle at a plant in the northern city of Tianjin last month.
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Twitter & Elon Musk Could Reach Out Of Court Deal Soon
Twitter and Elon Musk are set to reach an out of court settlement soon after the world's richest man tried to back out of the acquisition.
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Factbox-Who Is Financing Elon Musk's $44 Billion Deal To Buy Twitter?
While Musk will provide much of the funding after selling down his stake in electric vehicle maker Tesla Inc and by leaning on equity financing from large investors, major banks have committed to provide $13 billion.
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Apollo, Sixth Street No Longer In Talks For Musk Twitter Deal
Apollo Global Management and Sixth Street Partners will not be providing financing for Elon Musk's acquisition of Twitter.
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Self-Driving Cars Face Uncertain Path To US Deployment: Report
Following a GM petition as well as a June crash involving an autonomous vehicle, the City and County of San Francisco said in its comments GM and Cruise failed to provide sufficient data and fell "short of documenting or analyzing the safety performance" of the self-driving vehicles.
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RattanIndia To Buy Electric Motorcycle Maker Revolt
RattanIndia, whose shares soared 10% in morning trade, did not disclose the size of the deal. It's buying the stake in Revolt Motors at a time when eco-conscious consumers are turning to alternatives to conventional vehicles.
Read More →What Does Elon Musk Want To Do With Twitter
Musk has been for long talking about creating a super app called X for which Twitter will provide the underlying architecture.
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India's Top Bikemaker Hero Launches E-Scooter To Chase Startups
Like some other legacy automakers in India, Hero has been a laggard in launching electric two-wheelers, giving startups such as Ather Energy, which is backed by Tiger Global, and Softbank Group-backed Ola Electric a first-mover advantage.
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Renault-Backed Beyonca EV Venture Touts Health Monitoring, Targets Audi In China
Led by current Renault China CEO Soh Weiming and backed by Renault and Dongfeng Motor, two-year-old Beyonca plans to unveil its first production car in the first quarter of next year with deliveries from 2024, Soh told Reuters.
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Musk Says Pepsi To Receive Tesla's First Semi Trucks In December
Tesla Inc is starting Semi electric commercial truck production and PepsiCo Inc will get the first deliveries on Dec. 1, the electric vehicle maker's chief Elon Musk tweeted on Thursday.
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Twitter Shares Fall As Investors Await Musk Funding Details
Details are sketchy around who all have backed Elon Musk's $44 Billion takeover of the social media network.
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Toyota Profit To Rise But Eyes Will Be On Its Shaky Supply Chain, EV Strategy
The world's biggest automaker by sales said last week its global production rebounded by 30 per cent in the quarter that ended in September but warned shortages of semiconductors and other components would continue to constrain output in coming months.
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EV Boom Requires US To Change Weight Limits For Trucks
Progressively, the amount of load the US roads take has increased and now EVs are pushing those numbers further
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Euler Motors Expects To Ramp Up Monthly Production To 1,000 Units
Euler is looking to ramp production by 10x after its new plant in North India starts operations
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Indian Carmakers Propose Relaxation Of Import Duties
Import taxes from 60% to 100% in the world's fourth-largest car market rank among the highest globally
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Stellantis To Halt Production At Italian Plant
The Melfi plant, which employs more than 7,000 workers, produces the Jeep Compass and Renegade models, some of Stellantis' bestsellers in Europe.
Read More →Stellantis Jeep Joint Venture In China To File For Bankruptcy
Stellantis said in a statement it had fully impaired the value of its investment in the joint venture in its results for the first half of 2022. It also said it would continue to provide service to Jeep customers in China.
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GM Temporarily Halts Paid Advertising On Twitter
The largest U.S. automaker said it was "engaging with Twitter to understand the direction of the platform under their new ownership."
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Banks Forced To Hold On To Twitter Deal Debt
The banks are not planning to syndicate the debt as is typical with such acquisitions, and are instead planning to keep it on their balance sheets until there is more investor appetite.
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