Tesla Inc. shares slumped in early trading as fresh signs of trouble emerged for its China business while Elon Musk polled Twitter followers on whether the carmaker should accept Dogecoin. China’s Passenger Car Association said Tuesday that Tesla sold 25,845 locally made vehicles in April, a 27% drop from...
1.Rolls-Royce: –British engineering company Rolls-Royce(OTC:RYCEY) has put its Norwegian maritime engine unit Bergen back on the block, less than two months after Norway blocked a previous deal for it to be bought by a Russian company. “The sale process has restarted,” a source close to the matter said on...
BioNTech plans to set up a regional centre and a new factory in Singapore for its vaccines, it said on Monday, boosting its presence in Asia as a debate over patents rages and pressure grows on drugmakers to raise output of COVID-19 shots. Governments are looking to build up...
1.BMW: –BMW remains on course to meet its profit targets for 2021 despite rising raw material costs, though the global chip shortage will worsen and may hit production in the second quarter, the German carmaker said on Friday. Most of the auto industry has been hit by a global...
Pfizer Inc. and German partner BioNTech SE said Friday they have initiated rolling submission of a Biologics License Application (BLA) with the U.S. Food and Drug Administration for full approval of their COVID-19 vaccine in individuals 16 years of age and older. The vaccine was already granted emergency use...
1.TESLA: –-U.S. electric-vehicle maker Tesla (NASDAQ:TSLA) Inc said on Thursday it was developing a platform for car owners in China that will allow them to access data generated by their vehicles. Tesla, which makes Model 3 sedans and Model Y sport-utility vehicles at its Shanghai factory, aims to launch...
U.S. electric-vehicle maker Tesla Inc said on Thursday it was developing a platform for car owners in China that will allow them to access data generated by their vehicles. Tesla, which makes Model 3 sedans and Model Y sport-utility vehicles at its Shanghai factory, aims to launch the data...
Facebook Inc ‘s oversight board on Wednesday will decide whether to uphold the company’s indefinite suspension of former U.S. President Donald Trump, in a much-awaited verdict that may signal how the company will treat rule-breaking world leaders in the future. Facebook indefinitely blocked Trump’s access to his Facebook and...
1.GENERAL MOTORS: –General Motors Co (NYSE:GM) said on Wednesday that its first-quarter profit jumped, despite a global semiconductor chip shortage that has shuttered some of its plants. The No. 1 U.S. automaker posted a first-quarter net profit of $3 billion, or $2.03 per share, up from $294 million or...
1.BANK OF AMERICA: –Bank of America has snapped up Emmanuel Regniez from Citigroup (NYSE:C) to co-head its investment banking franchise for France as it seeks to strengthen its network of European hubs after Brexit, according to a memo seen by Reuters. Regniez will share the investment banking leadership for...