A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson (Reuters) – Maxwell Technologies Inc, a developer of battery technology, said on Monday it had agreed to be bought by electric-car maker Tesla Inc for $218 million. The offer values each Maxwell share at $4.75, representing a 55 percent… Continue reading Tesla to buy battery tech maker Maxwell Technologies for $218 million
Author: Ritters US Newsfeed
UPDATE 1-Tesla to buy battery tech maker Maxwell Technologies for $218 mln
A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson (Reuters) – Maxwell Technologies Inc, a developer of battery technology, said on Monday it had agreed to be bought by electric-car maker Tesla Inc for $218 million. The offer values each Maxwell share at $4.75, representing a 55 percent… Continue reading UPDATE 1-Tesla to buy battery tech maker Maxwell Technologies for $218 mln
General Motors says in talks to invest $2.73 bln in Brazil till 2024
The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio SAO PAULO (Reuters) – General Motors Co said on Saturday it is negotiating “feasibility conditions” to invest 10 billion reais ($2.73 billion) in Brazil from 2020 to 2024, after having warned last month that… Continue reading General Motors says in talks to invest $2.73 bln in Brazil till 2024
Renault-Nissan payments to political advisers draw scrutiny
PARIS (Reuters) – Renault-Nissan is examining fees paid to consultants and political advisers including a serving European lawmaker, following Chairman Carlos Ghosn’s arrest and ouster from the helm of the carmaking alliance, two sources told Reuters. FILE PHOTO: The logos of car manufacturers Renault and Nissan in front of a common dealership of the companies… Continue reading Renault-Nissan payments to political advisers draw scrutiny
Tesla begins sales of cheaper Model 3 car variant in China
BEIJING/SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc said it will start taking orders in China on Friday for a lower-priced version of its Model 3 car, as it seeks to accelerate China sales hit by trade friction between Washington and Beijing. A Tesla logo is seen at a Tesla showroom in Shanghai, China… Continue reading Tesla begins sales of cheaper Model 3 car variant in China
Honda plans to front-load UK production ahead of Brexit
TOKYO (Reuters) – Braced for a possible logistical nightmare when Britain leaves the European Union in March, Honda Motor Co Ltd said on Friday it was preparing to front-load some production at its plant in the country to ship overseas or build up inventories. The Honda logo is seen on a Honda car displayed at… Continue reading Honda plans to front-load UK production ahead of Brexit
Go-Jek raises $1 billion in round led by Google, Tencent, JD
FILE PHOTO – A Gojek driver rides his motorcycle through a business district street in Jakarta, June 9, 2015. REUTERS/Beawiharta JAKARTA (Reuters) – Indonesian ride-hailing firm Go-Jek has raised around $1 billion in a funding round, led by Alphabet Inc’s Google, JD.com Inc and Tencent Holdings, sources familiar with the matter said on Friday. Google,… Continue reading Go-Jek raises $1 billion in round led by Google, Tencent, JD
Japan’s Honda Motor third-quarter profit drops 40 percent on discounting, quality costs
TOKYO (Reuters) – Honda Motor Co Ltd on Friday reported a 40.2 percent drop in third-quarter operating profit, missing market expectations due to higher discounting and quality-related costs. The Honda logo is seen on a Honda car displayed at the New York Auto Show in the Manhattan borough of New York City, New York, U.S.,… Continue reading Japan’s Honda Motor third-quarter profit drops 40 percent on discounting, quality costs
GM, Fiat Chrysler to resume normal operations after utility strain
WASHINGTON (Reuters) – General Motors Co and Fiat Chrysler Automobiles NV said on Thursday they plan to resume normal operations after they were forced to cancel shifts at plants in Michigan over concerns about the state’s natural gas supply. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn… Continue reading GM, Fiat Chrysler to resume normal operations after utility strain
VW’s Porsche informs authorities of possible issue with emissions
FILE PHOTO: The logo of Volkswagen is seen at their plant in Wolfsburg, Germany, April 12, 2018. REUTERS/Fabian Bimmer/File Photo FRANKFURT (Reuters) – Volkswagen’s Porsche unit said on Thursday it had informed German authorities of potential issues with its emissions data, following a report in Germany’s Der Spiegel that the figures for its 911 models… Continue reading VW’s Porsche informs authorities of possible issue with emissions