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Daimler adopts Silicon Valley tactics to counter new rivals
August 24, 2016 by publisher · Leave a Comment
Mercedes-Benz maker Daimler is embracing Silicon Valley management techniques in a drive to speed up decision making, empower staff and fend off new rivals such as electric carmaker Tesla Motors . Chief Executive Dieter Zetsche is sweeping away layers of bureaucracy and encouraging a more experimental approach to new products. The changes will be closely watched by rivals such as BMW and Audi as traditional carmakers weigh up how to respond to new technologies including autonomous driving and electric vehicles that have turned firms like Google and Tesla into rivals…
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Daimler adopts Silicon Valley tactics to counter new rivals
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China central bank: yuan’s global acceptance to be driven by market
August 15, 2016 by admin · Leave a Comment
BEIJING (Reuters) – The internationalization of the yuan has exceeded people's expectations and its global acceptance will be driven by market forces, Yi Gang, a China central bank vice governor, said on Monday. China will continue
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China central bank: yuan’s global acceptance to be driven by market
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NYSE sees double-digit Asian IPOs through 2017, with focus on tech
August 15, 2016 by elegant · Leave a Comment
By Elzio Barreto and Steve Garton HONG KONG (Reuters) – The New York Stock Exchange (NYSE) sees technology companies driving a revival in new Asian listings and expects double-digit IPOs through the end of 2017 from the region, the exchange's global head of capital markets said in an interview. New listings should start picking up pace in the…
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NYSE sees double-digit Asian IPOs through 2017, with focus on tech
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Tesla removes ‘autopilot’ from China website after Beijing crash
August 15, 2016 by publisher · Leave a Comment
By Jake Spring and Alexandria Sage SHANGHAI/SAN FRANCISCO (Reuters) – Tesla removed the word “autopilot” and a Chinese term for “self-driving” from its China website after a driver in Beijing who crashed in “autopilot” mode complained that the car maker…
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Tesla removes ‘autopilot’ from China website after Beijing crash
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No more Tesla buyback guarantee as company cuts prices again
July 13, 2016 by publisher · Leave a Comment
Tesla Motors Inc said on Wednesday it had discontinued its resale value guarantee program that assured buyers that cars would retain value over time, and lowered the starting price of its Model X crossover, the second time it has lowered prices this …
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No more Tesla buyback guarantee as company cuts prices again
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Tesla crash raises concerns about autonomous vehicle regulation
July 3, 2016 by creative · Leave a Comment
The fatal crash of a Tesla Motors Inc Model S in Autopilot mode has turned up pressure on auto industry executives and regulators to ensure that automated driving technology is deployed safely. Shares of Tesla and Mobileye NV, the maker of the camera vision system used in the Model S, rose on Friday as analysts said the accident was likely a short-term setback. On Friday, the U.S. National Highway …
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Tesla crash raises concerns about autonomous vehicle regulation
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SolarCity recuses two more board members from voting on Tesla offer
June 26, 2016 by publisher · Leave a Comment
Two additional SolarCity Corp board members with ties to Elon Musk are recusing themselves from making decisions regarding Tesla Motors Inc's offer to buy the solar power company, in a bid to alleviate corporate governance concerns surrounding a potential deal. The new …
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SolarCity recuses two more board members from voting on Tesla offer
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Tesla offers $2.8 billion for SolarCity in ‘no brainer’ deal for Musk
June 22, 2016 by elegant · Leave a Comment
By Nichola Groom and Paul Lienert LOS ANGELES/DETROIT (Reuters) – Elon Musk on Tuesday sought to build a clean energy powerhouse as his electric car maker, Tesla Motors Inc , made an offer to buy his solar installation firm SolarCity Corp in a stock deal worth as much as $2.8 billion. Tesla shares plunged more than 13 percent to $189.99 in extended trading – amounting to a loss in value of about $4.3 billion, or more than the value of the offer for the other company. Shares of SolarCity rose about 18 percent …
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Tesla offers $2.8 billion for SolarCity in ‘no brainer’ deal for Musk
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U.S. reviewing suspension complaints in Tesla Model S cars
June 9, 2016 by admin · Leave a Comment
U.S. auto safety investigators are reviewing reports of suspension problems in Tesla Motors Inc's Model S cars, a government spokesman said on Thursday. The NHTSA also said it had learned that Tesla had entered into what it called a “troublesome nondisclosure agreement” with a Tesla Model S owner who had suspension problems. A Tesla spokeswoman said she was looking into NHTSA's
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U.S. reviewing suspension complaints in Tesla Model S cars
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U.S. existing home sales rise for second straight month, inventory still tight
May 20, 2016 by admin · Leave a Comment
The National Association of Realtors said on Friday existing home sales increased 1.7 percent to an annual rate of 5.45 million units. March's sales pace was revised slightly higher to 5.36 million units from the previously reported 5.33 million units. Economists polled by Reuters had forecast home resales rising to a 5.40 million-unit pace last month.
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U.S. existing home sales rise for second straight month, inventory still tight