Twitter Inc has hired US law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Elon Musk and force him to complete the $44 billion acquisition of the social media company, according to people familiar with the matter. Musk, the chief executive officer of Tesla, on Friday terminated his deal, saying Twitter had failed to… Continue reading Twitter said to have hired US law firm Wachtell to sue Musk
Category: Automotive
Sweden’s Klarna raises $800m, valuation plunges 85% in a year
Swedish payments firm Klarna Bank AB said on Monday it had raised $800 million of funds at a valuation of $6.7 billion, down around 85% from the $46 billion price-tag it attracted last year. The tough stance taken by funders comes amid a drop-off in investor interest in fast-growing tech ventures that have yet to turn a… Continue reading Sweden’s Klarna raises $800m, valuation plunges 85% in a year
India’s Unacademy to shut test preparation ops, impose pay cuts to “become IPO-ready”
Amid rising struggles for India’s once-hot edtech market, SoftBank-backed Unacademy is undertaking drastic steps to prioritise profitability ahead of its planned IPO in two years. In a company-wide message on Monday, shared via Slack, Unacademy co-founder and chief executive Gaurav Munjal said the company had Rs2,800 crore ($352.33 million) in the bank, but he feels… Continue reading India’s Unacademy to shut test preparation ops, impose pay cuts to “become IPO-ready”
How can fleets benefit from connected vehicles?
The internet of things – the vast global network of smart devices sharing information – is expanding quickly. IOT Analytics predicts that it will almost double in size from 14.4 billion devices in 2022 to 27 billion in 2025, and connected vehicles are an important contributor. Fleets, which operate the newest vehicles on the road, will… Continue reading How can fleets benefit from connected vehicles?
@FCA: Primera bandera a cuadros para el equipo Peugeot TotalEnergies
11 de julio de 2022 , Ciudad de México – El equipo PEUGEOT TotalEnergies participó este fin de semana en su primera carrera en el calendario del Campeonato Mundial de Resistencia de la FIA (WEC), en Italia, durante las 6 Horas de Monza. Una prueba rica en lecciones para el equipo, que pudo descubrir el comportamiento… Continue reading @FCA: Primera bandera a cuadros para el equipo Peugeot TotalEnergies
Q2-2022 Results Conference Call
Magna International Inc. AURORA, Ontario, July 11, 2022 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA) Q2-2022 RESULTS CONFERENCE CALLFRIDAY – JULY 29, 20228:00 AM ET DIAL IN NUMBERS North America:International:Webcast: 1-877-412-49461-416-620-9188www.magna.com Slide presentation will be available on our website prior to the call. REBROADCAST INFORMATION Replay available 2 hours after the call until August 5,… Continue reading Q2-2022 Results Conference Call
@Nio: 6-K: Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act000428
NIO Inc. Go to Source
@Nio: NIO Inc. Provides Update on Response to Short Seller Report000428
Jul 11, 2022 NIO Inc. Provides Update on Response to Short Seller Report SHANGHAI, China, July 11, 2022 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that following its previous statement in response… Continue reading @Nio: NIO Inc. Provides Update on Response to Short Seller Report000428
The Station: Layoffs are coming for the AV world, VW plans ‘big moves’ in China and inside Cruise’s robotaxi outages
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Before we… Continue reading The Station: Layoffs are coming for the AV world, VW plans ‘big moves’ in China and inside Cruise’s robotaxi outages
Pix Moving brings robovans to Japan, eyes DAO-based EV making
A company from China is ready to capture Japan’s demand for autonomous service vehicles as robots play an increasingly important role to address the aging society’s labor shortage. Pix Moving is joining hands with TIS, a publicly listed information technology company in Japan, to bring self-driving robots to retirement communities. As part of the partnership,… Continue reading Pix Moving brings robovans to Japan, eyes DAO-based EV making