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Reuters

Nov 30, 2022, 10:10 PM

Intel's Mobileye IPO Eyes Significantly Lower Valuation - Report

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.

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  Reuters | Nov 30, 2022

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

  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.

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  Reuters | Nov 30, 2022

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

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

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  Reuters | Nov 30, 2022

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

  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.

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  Reuters | Nov 30, 2022

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

  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.

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  Reuters | Nov 30, 2022

  Castrol India Reports Flat Profit For Inflation-Hit September Quarter

  Net profit came in at Rs. 1.87 billion ($22.59 million) for the three months ended Sept. 30, compared with Rs. 1.86 billion a year earlier. Revenue from operations increased by 4.5 per cent to Rs. 11.21 billion.

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  Reuters | Nov 30, 2022

  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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  Reuters | Nov 30, 2022

  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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  Reuters | Nov 30, 2022

  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.

  4 mins read