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Possible Water Woes Make Some Germans Unhappy With Tesla’s Proposed New Plant

A section of Germans are not happy with Tesla’s plans of construction of a gigafactory on the outskirts of Berlin. A section of people in the German capital fear that the construction of the factory will adversely impact the water supply and the wild life in the area . This prompted some to...

Toyota To Move Production Of Its Tacoma Pickup Out of US to Mexico

As a part of its business restricting process in North America, Japanese auto major Toyota has said that it will shift of production of its Tacoma midsize pickup to Mexico from Texas. The company is also set to invest $13 billion through next year in development of manufacturing operations in the...

Volkswagen Will Take Up 20% Stake InChinese Battery Maker Guoxuan

With the aim of pushing itself further into the Chinese market – the largest auto market of the world, German car maker Volkswagen AG is slated to strike a partnership with Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd through taking up a 20 per cent stake in the Chinese firm,...

A Design And Research Center In China To Be Opened By Tesla To Make "Chinese-Style" Vehicles

The United States based electric car maker Tesla wants to make "Chinese-style" vehicles and will be opening a design and research center in China for that purpose, The company made the announcement in a recruitment notice on its official WeChat account.   According to the recruitment notice...

US Says UK Using Huawei In 5G Is ‘Madness’

If the United Kingdom government decides to use the equipment and technology from the Chinese tech giant Huawei for its 5G network, it "would be madness", the united States has said.   New evidence of its claims of the possible treats posed by the use of technology and equipment of the...

Financial Headquarters Of Total To Be Shifted To Paris From London

The chief executive of the French oil company Total, Patrick Pouyanné, has announced the company’s plans to move the cash of the company out of the United Kingdom after the onset of Brexit and shift its financial headquarters to Paris. This move by the petroleum giant reflects the confidence of the...

2019 The Most Profitable Year For Jpmorgan Driven By Surge In Trading

Has not only been the best year ever for JP Morgan but also for any bank in the United States ever.   The profits of the company increased by 21 per cent in the fourth quarter of 2019 driven by resurgence in trading, especially in fixed income, said the company. As a consequence the annual...

Walmart Lays Off 56 Executives In India As It Struggles To Expand

56 executives of the largest retailer of the world Walmart were fired by the company in India  which included eight executive in senior management positions, said the  President and CEO of Walmart’s India unit, Krish Iyer.   Rumors in the press that the company would be laying off...

26% Fall In Ford Sale In China In 2019

The sale of cars for Ford Motor Co. in the Chinese market in 2019 dropped by 23 per cent year on year as the company managed to sell less than half of what it had sold in 29016 – its highest selling year in the market. The company further warned that 2020 would be worse for the broader market....

Over $60 Million In Departure Package For Boeing’s Ousted CEO Muilenburg

The ousted Boeing CEO Dennis Muilenburg, who was fired by the board of the company for not being able to adequately handle the crisis after the grounding of the 7373 Max planes of the company, will walk away with a departure package of more than $60 million in pension benefits and stock, even...

Walmart’s 2019 Mexico Expansion Biggest In 6 Years With 134 New Stores

The largest retailer of the world Walmart ended 2019 as the year of its largest expansion in six years in its largest foreign market outside of its home market of the United States – Mexico, as the grocer opened 134 new stores in the country which increased its presence in the country by almost 5...

Tesla's Market Cap Surpasses Combined Value Of GM And Ford

The stock market value of the United States based electric car maker has surpassed the combined stock values of General Motors Co and Ford Motor Co for the first time in the history of the electric car maker.   The last jump in the stock price of the Silicon Valley electric-car maker was 5...
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