China’s WeChat denies storing user chats Tencent Holdings’ WeChat, China’s most popular messenger app, on Tuesday denied storing users’ chat histories, after a top businessman was quoted in media reports as saying he believed Tencent was monitoring everyone’s account. “WeChat does not store any users’ chat history. That is only […]
Auto and Truck Manufacturers
Germany plans new emissions testing body after VW scandal The German transport ministry announced plans on Tuesday to set up a new institute to test vehicle emissions to try to restore consumer confidence after the Volkswagen (VOWG_p.DE) scandal. The ministry said it would found a new testing institute involving the […]
Tesla to raise about $1.15 billion in stock, notes Tesla to raise about $1.15 billion in stock, notes:- Tesla Inc (TSLA.O) said on Wednesday it expects to raise about $1.15 billion from a stock and senior notes offering, an infusion of needed capital as the electric car maker enters pre-production […]
Tesla's SolarCity cut 20 percent of staff in 2016 Tesla's SolarCity cut 20 percent of staff in 2016:- SolarCity, which was acquired by Tesla Inc at the end of last year, slashed nearly 20 percent of its staff in 2016 as it sought to preserve cash amid slowing growth in […]
UK seeks interventionist approach to drive post-Brexit industrial revival UK seeks interventionist approach to drive post-Brexit industrial revival:- Britain will on Monday outline a new, interventionist approach to balancing its heavily services-based economy for the post-Brexit era, seeking to reinvigorate industrial production and stimulate investment in technology and R&D. Unveiling […]
