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Reuters

Nov 30, 2022, 10:08 PM

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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  Reuters | Nov 30, 2022

  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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  Reuters | Nov 30, 2022

  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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  Reuters | Nov 30, 2022

  Oil Settles Up 5% As Further Interest Rate Hikes Loom

  Though fears of global recession capped gains, Brent crude futures settled up $3.99 to $98.57 per barrel, a weekly gain of 2.9%.

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  Reuters | Nov 30, 2022

  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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  Reuters | Nov 30, 2022

  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.

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  Reuters | Nov 30, 2022

  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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  Reuters | Nov 30, 2022

  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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  Reuters | Nov 30, 2022

  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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