Tesla Inc has entered into agreements with lenders in China for a secured term loan facility of about 9 billion yuan ($1.29 billion), as per a regulatory filing on Thursday.
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Tesla Inc and a group of China banks have accepted a new 10 billion yuan ($1.4 billion), five-year loan facility for the automaker’s Shanghai auto plant, three sources knowledgeable with
Former Uber CEO Travis Kalanick is resigning from the board of directors, cutting off ties to the ride-hailing company that he co-founded a decade ago and ran until a series
Uber Technologies Inc. is going to pay a $4.4 million to settle a federal investigation into accusations that the San Francisco company permitted a rampant culture of sexual harassment, the
General Motors stated on Thursday it is issuing recalls for over 900,000 vehicles globally in two separate campaigns to address brake software issues and fire risks. The largest American automaker
Uber and Lyft stated they will make good on their threats to stop taking consumers to and from the airport in the country’s fifth-largest city, creating confusion for 2020 for
When it is about the Ford Mustang, the first thing that comes in mind is throttle and speed. To add more to this, Ford is going to come up with
U.S. President Donald Trump’s modification of North American trade rules will cost automakers almost $3 billion more in tariffs during the next decade for cars and parts that will not
Fiat Chrysler and Peugeot maker PSA deal with the challenge of winning over regulators and delivering on a commitment to cut costs without shutting down factories after sealing a binding
Ford Motor stated on Tuesday it prepares to invest over $1.45 billion at two of its manufacturing facilities in Detroit for building electric, autonomous and sports utility vehicles, and generate
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