Auto Industry News
Twitter Claims Musk Is 'Slow-Walking' Trial Over $44 Billion Deal
Twitter has sued Musk and asked a Delaware judge to order him to complete the merger at the agreed price of $54.20 per share.
Northvolt And Stora Enso To Develop Batteries From Forestry Byproduct
Jul 29, 2022 08:41 PM
Swedish battery maker Northvolt and Finnish-Swedish forestry company Stora Enso are trying to develop batteries from forestry byproduct lignin
Mercedes Readies Plants To Produce Electric Vehicles
Jul 29, 2022 08:37 PM
Mercedes aims to halve CO2 emissions per passenger car over the life cycle by the end of this decade compared to 2020.
Tesla To Lay Off 229 Employees, Shuts San Mateo Office
Jul 29, 2022 08:34 PM
As per a filing the company is permanently shutting the San Mateo office
Tesla Closes An Office As Layoff Hits Autopilot Jobs, Including Hourly Ones
Jul 29, 2022 07:34 PM
Tesla has shuttered its office in San Mateo, California and laid off roughly 200 employees working on its Autopilot driver-assistant system
Factbox - Spotlight Shines On Battling Lawyers In Twitter-Elon Musk Dispute
Jul 29, 2022 07:31 PM
A Delaware judge on Tuesday set an October trial for Elon Musk's dispute with Twitter Inc over his $44 billion acquisition which the billionaire is trying to scuttle.
SEC Steps Up Scrutiny Over Musk Comments On $44 Billion Twitter Deal
Jul 29, 2022 07:22 PM
The U.S. securities regulator quizzed Elon Musk last month over a tweet in which the world's richest person raised doubts over whether he would move ahead with his $44 billion acquisition of Twitter Inc due to concerns over the number of fake users on the platform.
Buying A Used Honda Navi? We List Out The Pros And Cons
Jul 30, 2022 12:51 AM
India To Drop Windfall Tax If Oil Prices Fall $40 A Barrel
Jul 29, 2022 06:50 PM
The taxes, and some accompanying export curbs, will hit the earnings of companies such as Reliance Industries, Nayara Energy, the Oil and Natural Gas Corp, Oil India Ltd and Vedanta Ltd.
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