BEIJING, May 30 (Reuters) – A private jet used by Tesla Inc (TSLA.O) CEO Elon Musk has arrived in Beijing, according to a Reuters witness. Musk is expected to meet senior Chinese officials and visit Tesla’s Shanghai plant, sources have said, in what would be his first trip to China in three years. Tesla did… Continue reading Elon Musk’s private jet has landed in Beijing – Reuters witness
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Toyota, Daimler truck units to combine operations under holding company
[1/2] Employees wearing protective face masks work on the automobile assembly line as the maker ramps up car production with new security and health measures as a step to resume fully operation, during the outbreak of the coronavirus disease (COVID-19), at Kawasaki factory of Mitsubishi Fuso Truck and… Read more TOKYO, May 30 (Reuters) –… Continue reading Toyota, Daimler truck units to combine operations under holding company
Partnerships & M&Acategory
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Toyota’s April global sales rise on stronger demand in Japan, China
TOKYO, May 30 (Reuters) – Toyota Motor Corp’s (7203.T) global sales rose by nearly 5% in April from a year earlier, boosted by stronger demand for hybrids and gasoline-powered cars in Japan and China. The Japanese automaker also reported better overseas sales of battery electric vehicles (EVs), bringing the total number of battery-powered units it… Continue reading Toyota’s April global sales rise on stronger demand in Japan, China
Mitsubishi Motors to extend suspension of production in China -Yomiuri
TOKYO, May 30 (Reuters) – Mitsubishi Motors Corp (7211.T) will extend the suspension of its production in China beyond May, the Yomiuri Shimbun daily reported on Tuesday. Reporting by Elaine Lies; Editing by Christopher Cushing Our Standards: The Thomson Reuters Trust Principles. Go to Source
Canada, Quebec to provide about C$300 mln for GM-POSCO battery materials facility
[1/3] The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo OTTAWA, May 29 (Reuters) – Canada’s federal government and the Quebec province will each provide about C$150 million ($112 million) for a General Motors-POSCO Chemical (GM.N)(005490.KS) battery materials facility that… Continue reading Canada, Quebec to provide about C$300 mln for GM-POSCO battery materials facility
Musk expected to visit China this week, meet officials – sources
HONG KONG/SHANGHAI, May 29 (Reuters) – Tesla (TSLA.O) Chief Executive Elon Musk is expected to visit China this week, three people with knowledge of the matter said, in what would be his first trip to the country in three years. Musk is expected to meet senior Chinese officials and to visit Tesla’s Shanghai plant, two… Continue reading Musk expected to visit China this week, meet officials – sources
Untitled
JERUSALEM, May 29 (Reuters) – Nvidia Corp (NVDA.O) said on Monday it was building Israel’s most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications. Nvidia, the world’s most valuable listed chip company, said the cloud-based system would cost hundreds of millions of dollars and be partly operational by the end… Continue reading Untitled
Technologycategory
Interim stop order for Humm’s BNPL products revoked Australian fintech company Humm Group said on Monday an interim stop order issued by the country’s corporate regulator restricting it from issuing buy-now-pay-later (BNPL) products to new customers had been revoked. Go to Source
Nvidia, MediaTek partner on connected car technology
[1/3] Nvidia Corp CEO Jensen Huang speaks at the COMPUTEX forum in Taipei, Taiwan May 29, 2023. REUTERS/Ann Wang DETROIT, May 29 (Reuters) – Nvidia Corp (NVDA.O) and MediaTek Inc (2454.TW) on Monday said they will collaborate on technology to power advanced vehicle infotainment systems that can stream video or games or interact with drivers… Continue reading Nvidia, MediaTek partner on connected car technology