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Elon Musk is seeking to delay until November a trial over his intention to back out of a $44 billion deal to buy Twitter Inc and amend his complaint against the social media company, according to court filings, after a whistleblower provided him with fresh ammunition.

Musk Looks To Delay Twitter Trial Following Whistleblower Claims

Nov 1, 2022 01:20 AM

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Elon Musk is seeking to delay until November a trial over his intention to back out of a $44 billion deal to buy Twitter Inc and amend his complaint against the social media company, according to court filings, after a whistleblower provided him with fresh ammunition.

Intel's Mobileye IPO Eyes Significantly Lower Valuation - Report

By Reuters

Nov 1, 2022 01:19 AM

Mobileye, which was originally expected to land a roughly $50 billion valuation, is now set to target one of under $20 billion and sell a smaller number of shares than originally planned, according to the report.

F1: McLaren Beats Red Bull Pitstop Record At Mexican GP

By Sahil Gupta

Nov 1, 2022 01:18 AM

McLaren managed the first sub 2 second pitstop since 2021 when the FIA changed the rules around pitstops due to safety concerns.

GM Startup Cruise Recalls And Revises Self-Driving Software After Crash

By Reuters

Nov 1, 2022 01:18 AM

General Motors startup Cruise LLC said it had recalled and updated software in 80 self-driving vehicles after a June crash in San Francisco that left two people injured.

Intel's Mobileye Seeks Drastically Lower $16 Billion Valuation In IPO

By Reuters

Nov 1, 2022 01:16 AM

Reuters, citing sources, had reported in April that the stock market flotation could value Mobileye at as much as $50 billion.

Germany To Spend 6.3 Billion Euros On Push For Electric Car Charging Points

By Reuters

Nov 1, 2022 01:13 AM

The plan envisages a 14-fold increase in the number of charging stations, climbing to 1 million by 2030 from around 70,000 now. It would focus on building them in local municipalities which are currently undersupplied.

Mercedes Signs 1.5 Billion Eur Deal With Rock Tech Lithium To Push E-Car Drive

By Reuters

Nov 1, 2022 01:11 AM

The deal allows the luxury carmaker to supply its battery partners with raw material, starting in 2026, including a qualification period, in order to rapidly scale up production of fully electric vehicles, it said in a statement.