China’s SAIC to dilute stake in MG Motor India, drive EV sales

BENGALURU (Reuters) – China’s SAIC Motor plans to drop its ownership in MG Motor India to allow domestic entities to take a majority stake, the Indian electric vehicle maker said on Wednesday, as Chinese investments face increased scrutiny by the New Delhi government. MG also plans to invest more than 50 billion rupees ($611.4 million)… Continue reading China’s SAIC to dilute stake in MG Motor India, drive EV sales

UPDATE 1-China’s BYD cuts starting price for Seal EV; aims to extend lead

(Recasts and adds details, adds analysts’ comments in paragraphs 4-5) SHANGHAI, May 10 (Reuters) – BYD Co Ltd on Wednesday cut the starting price of its best-selling Seal sedan by 10%, as the Chinese electric vehicle (EV) giant seeks to extend its lead in the world’s largest auto market with lower-priced products. The company replaced… Continue reading UPDATE 1-China’s BYD cuts starting price for Seal EV; aims to extend lead

German Handelsblatt: Volkswagen: “Birthday cake” for Wolfgang Porsche: demonstrators disrupt the VW general meeting006915

Proteste auf der Volkswagen-Hauptversammlung Die Veranstaltung wurde am Mittwoch immer wieder von Protesten unterbrochen. (Foto: Bloomberg/Getty Images) Klimakleber behinderten den Zutritt, in der Halle unterbrachen Zwischenrufe die Reden, am Mikrofon gab es dann heftige Kritik am Aufsichtsrat: Die Hauptversammlung des Autobauers Volkswagen in Berlin wurde am Mittwoch von politischen Aktivisten gestört wie nie zuvor. Schon vor… Continue reading German Handelsblatt: Volkswagen: “Birthday cake” for Wolfgang Porsche: demonstrators disrupt the VW general meeting006915

Integrated Logistics Support Services Contract for PMA-205 Naval Aviation Training Systems Award to Synectic Solutions, Inc.

CAMARILLO, Calif., May 10, 2023 /PRNewswire/ — Synectic Solutions, Inc. (SSI) is a Missile expert company led by Mr. Scott Koslow. SSI, which is a certified Service-Disabled Veteran Owned company (SDVOSB) with 25 years of experience supporting Navy weapons and combat systems, has been awarded the Integrated Logistics Support Services Contract supporting multiple functional leads… Continue reading Integrated Logistics Support Services Contract for PMA-205 Naval Aviation Training Systems Award to Synectic Solutions, Inc.

UCA Calls for National Action Against Discriminatory Florida Law

WASHINGTON, May 10, 2023 /PRNewswire/ — Yesterday, Florida Governor DeSantis signed into law Senate Bill 264, legislation that, among other things, prohibits Chinese nationals from acquiring real property in the state based solely on race, ethnicity and country of origin, ostensibly in the name of national security. The United Chinese Americans (UCA), a national coalition… Continue reading UCA Calls for National Action Against Discriminatory Florida Law

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BEIJING, May 10 (Reuters) – A man in China’s Gansu province has been detained for allegedly using ChatGPT to generate a fake story about a train crash, marking China’s first arrest in an AI-related probe as Beijing tightens deepfake technology. The story, which claimed the crash killed nine construction workers in a city in China’s… Continue reading Untitled

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May 10 (Reuters) – Shares of Rivian Automotive Inc (RIVN.O) rose 7% on Wednesday as its positive earnings stood out in a poor quarter for electric-vehicle startups, but analysts warned that stiff competition will be a hurdle in its path to profitability. The company looked set to add nearly $800 million to its market valuation,… Continue reading Untitled

German Handelsblatt: War in the Ukraine: VW, Mercedes, Henkel – why so many companies are now succeeding in withdrawing from Russia006898

Western companies in Russia Many companies are currently succeeding in withdrawing from Russia. (Photo: Getty Imago, dpa [M]) It took half a year at Mercedes-Benz and a whole year at Henkel. Both Dax companies have separated from their activities in Russia. At Volkswagen, only the signature for the sale of the plant near Moscow is… Continue reading German Handelsblatt: War in the Ukraine: VW, Mercedes, Henkel – why so many companies are now succeeding in withdrawing from Russia006898

German Handelsblatt: War in the Ukraine: VW, Mercedes, Henkel – why so many companies are now succeeding in withdrawing from Russia006898

Western companies in Russia Many companies are currently succeeding in withdrawing from Russia. (Photo: Getty Imago, dpa [M]) It took half a year at Mercedes-Benz and a whole year at Henkel. Both Dax companies have separated from their activities in Russia. At Volkswagen, only the signature for the sale of the plant near Moscow is… Continue reading German Handelsblatt: War in the Ukraine: VW, Mercedes, Henkel – why so many companies are now succeeding in withdrawing from Russia006898

Elon Musk Confused Why You’d Think Someone Was a Nazi Simply Because of Their Swastika Tattoo

Twitter, SpaceX, and Tesla CEO Elon Musk’s flirtation with the alt-right might have just leveled up into full-on conspiracy-mongering. On Saturday, a shooter — since identified as 33-year-old Mauricio Garcia — opened fire at an outlet mall in Allen, Texas. Eight mall-goers were killed, while another seven were wounded; the youngest slain victims of the… Continue reading Elon Musk Confused Why You’d Think Someone Was a Nazi Simply Because of Their Swastika Tattoo