1.TESLA:- Elon Musk will visit Tesla’s factory in Berlin in mid-February, the chief executive tweeted on Tuesday, following speculation on Twitter that he would be in Germany this month.
“I obv can’t comment on every rumor, but this isn’t true. Am headed to Berlin mid-Feb, not this week,” Musk tweeted in response to an article by website Drive Tesla CA which cited a tweet claiming he was visiting Berlin on Jan. 16.
Musk added in a separate tweet that rumors around his travel plans online were becoming a “security issue,” in response to an apology from the account owner who first posted the wrong travel date, Sawyer Merritt.
Musk said last year he expected the Berlin factory to have received its license to begin mass production of its Model Y cars by December, but bureaucratic hurdles and an ongoing court case over the factory’s water use have delayed the process.
2.MASTER CARD: -Britain’s payments regulator on Tuesday fined five payments companies including Mastercard a total of 33 million pounds ($45.01 million) for cartel behavior involving prepaid cards issued to vulnerable people on welfare benefits.
Mastercard received the largest fine of 31.56 million pounds ($43.04 million). The other companies fined were all pay, Advanced Payment Solution, Prepaid Financial Services and Solution.
The Payment Systems Regulator (PSR) said the firms broke competition law by agreeing not to compete or poach each other’s customers on pre-paid cards offered by local authorities to distribute welfare payments to vulnerable people.
The cartel meant recipients of the cards – who included the homeless, victims of domestic abuse and asylum seekers – could have missed out on cheaper or better-quality products, the regulator said.
The PSR previously announced in March last year it planned to fine the five companies in preliminary findings. It said on Tuesday it had concluded the investigation.
The regulator said during the course of the investigation, all the parties settled and admitted to breaking the law.
3.DAIMLER :- Newly spun-off commercial vehicle maker Daimler Truck sold 455,000 units in 2021, the company reported on Tuesday, a fifth more than last year but still 13% below pre-pandemic levels.
Supply chain bottlenecks slowed production particularly in the second half in the United States and Europe, the company said in a statement.
Trucks Asia fared best with 30% growth, while the Buses segment did not grow at all, with sales flat at 19,000.
Daimler Truck, which spun off from Daimler last December and is now the world’s largest truckmaker by revenue, is due to report its full annual results on March 24.
4.VOLKSWAGEN: -Volkswagen Group’s China unit said on Tuesday its component factory in the northern Chinese city of Tianjin had resumed some shifts since Thursday last week.
The component factory VW Automatic Transmission Tianjin had been closed since Monday last week, Volkswagen Group China said earlier.
A vehicle plant Volkswagen jointly runs with FAW Group in the city remained closed since Monday last week.
5.UNITED AIRLINES:-United Airlines said late on Monday the current U.S. 5G wireless rollout plan would negatively impact an estimated 1.25 million United passengers and at least 15,000 flights annually and urged President Joe Biden’s administration to take action.
U.S. airlines warn 5G interference could compromise key safety systems and result in suspended passenger and cargo flights. They want some 5G deployment set for Wednesday delayed around key U.S. airports.
United said the current rules “will result in significant restrictions on 787s, 777s, 737s and regional aircraft in major cities like Houston, Newark, Los Angeles, San Francisco, and Chicago.”