Tata Group is in talks to buy Wistron Corp’s only manufacturing facility in India for up to 50 billion rupees ($612.6 million), the Economic Times business daily reported Wednesday, citing people familiar with the discussions. If it fails to strike a deal to buy the facility in the southern Indian state of Karnataka, Tata could consider a joint venture with… Continue reading India’s Tata Group reportedly in talks to buy Apple vendor Wistron’s India facility
Tag: Morgan
Gallery
SHANGHAI, Nov 30 (Reuters) – Apple Inc’s (AAPL.O) wide exposure to Chinese manufacturing, notable both for its low costs and rising risks, has receded since the COVID-19 pandemic began, company supply chain data shows. With the world’s biggest iPhone factory, operated in central China by Foxconn (2317.TW), battling production shortfalls and labour unrest spurred largely… Continue reading Gallery
Tesla (TSLA) investors see negative impact of Elon Musk’s Twitter antics
Tesla (TSLA) investors see the negative impact of Elon Musk’s Twitter acquisition lasting on the company going forward. There’s no doubt that Elon Musk’s acquisition of Twitter had a direct negative impact on Tesla and its investors, considering that the CEO had to sell billions of dollars worth of Tesla (TSLA) stock to finance the… Continue reading Tesla (TSLA) investors see negative impact of Elon Musk’s Twitter antics
Apple shares slip as China factory unrest may further hit iPhone shipments
Nov 28 (Reuters) – Shares of Apple Inc (AAPL.O) fell about 2% on Monday as growing unrest at a key Chinese plant fanned worries of a bigger hit to the already constrained production of higher-end iPhone 14 models. Reuters reported on Friday that the Foxconn (2317.TW)-operated plant, which is the world’s biggest iPhone factory, could… Continue reading Apple shares slip as China factory unrest may further hit iPhone shipments
A great rotation is brewing in Asia as investors shift from India to China, Korea
The nascent revival in North Asian equities is being touted as the start of a potential bull run as bets for China’s gradual reopening as well as the bottoming out of the chip industry intensify. Strategists at Goldman Sachs Group Inc. expect Asia’s equity leadership to shift from Southeast Asia and India to markets like… Continue reading A great rotation is brewing in Asia as investors shift from India to China, Korea
New Morgan Super 3 revealed as Ford-powered 3 Wheeler successor
Morgan is bringing its iconic 3 Wheeler into the modern age with this: the Super 3. The new car swaps the previous version’s V-twin motorcycle engine for a 1.5-litre three-cylinder Ford engine with almost 50 per cent more power, and it’s the first ever Morgan built using a monocoque chassis. The Super 3 is on sale… Continue reading New Morgan Super 3 revealed as Ford-powered 3 Wheeler successor
Morgan unveils limited-run Plus Four LM62
This year marks the 60th anniversary of Morgan’s class win at Le Mans in 1962, where it took top spot in the 2.0-litre class. To celebrate the occasion, the British marque has released a new special-edition version of its Plus Four. Called the LM62, it receives numerous design touches inspired by the Le Mans-winning car,… Continue reading Morgan unveils limited-run Plus Four LM62
Morgan Super 3 gains roof in new Orlebar Brown collaboration
A new one-off Morgan Super 3 has been revealed, which the British brand says is an ultimate ‘holiday ready’ version of its new three-wheeler – not quite in time for the summer. It’s called the OB x Morgan Super 3, and it has been created in collaboration with luxury swimwear brand Orlebar Brown to showcase… Continue reading Morgan Super 3 gains roof in new Orlebar Brown collaboration
Tesla rebounds as Morgan Stanley says selloff gone too far
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What it would mean for Tesla to buy back shares
Tesla investors are begging CEO Elon Musk and the board of Tesla to consider buying back shares as the company’s stock price slumps to a two-year low. Tesla stock was trading at $183.20 after hours on Wednesday, and its market capitalization has plunged by almost $700 billion since its peak a year ago. Musk said… Continue reading What it would mean for Tesla to buy back shares