Technology

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

  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

  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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  Reuters | Nov 30, 2022

  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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  Reuters | Nov 30, 2022

  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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  Reuters | Nov 30, 2022

  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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  Reuters | Nov 30, 2022

  Volkswagen: All Brands Have Halted Paid Activities On Twitter

  Volkswagen's brands have halted all paid activities on Twitter until further notice.

  1 min read