Passenger plane mistakenly lands in Edinburgh, instead of Dusseldorf
Apple launches Apple Card in payments services expansion
Trump now says Mueller acted honorably during Russian Federation probe
Reliance denies sidestepping United States sanctions
Jet Airways founder Naresh Goyal steps down amid crisis
Tesla Investors Sue to Stop Musk Tweeting About the Company
11 March 2019, 10:33 | Hattie Nash
Tesla enters into agreement with Chinese lenders for Gigafactory
Tesla's China Gigafactory in 210-acre east of Shanghai will ramp up production of the Model 3 sedan for China market with 10,000 vehicles a week.
Nio's chief finance officer Xie Dongying also confirmed that the company will cease construction of a new plant in northern Shanghai's Jiading district. In the meanwhile, locally sourced funding is coming nicely together; a United States dollars 521 million credit line agreement is closed between the USA company and a syndicate of Chinese investors.
"His conduct has not only cost Tesla shareholders dearly but threatens to expose the company to even greater liability and litigation in the future", the statement further said.
An average 18 percent decline in retail sales was reported for sedans, sport utility vehicles, multi-purpose vehicles, and minivans in February, according to the data from the China Passenger Car Association.
Battery-powered autos have been a rare bright spot amid the broader market's slowdown.
In July 2018, China raised tariffs on US autos another 25 percent, (from 15 percent to 40 percent) amid ongoing trade tensions in response to the Trump administration's tariffs on $200 billion worth of Chinese goods. - The Shanghai factory will allow the electric-car manufacturer to dodge the China-US tariff crossfire and can sell directly to the Chinese buyers. -China trade war as well. The city will have to wait until Tesla, which recently began construction on its own factory in Shanghai, has reached production capacity before it can approve other manufacturing sites, according to the source. Tesla said it raised $521million from Chinese banks as a term loan for raising the local factory.
Keeping prices in check will also help Tesla fend off competition from a swathe of domestic electric vehicle startups such as Nio IncNIO.N, Byton, and XPeng Motor.
Tesla has said the Gigafactory will cost around $2 billion, and could help the company buffer against the ongoing trade war between the USA and China.
Turbulance injures at least 25 on flight into NY
The National Weather Service's Aviation Weather Center had issued warnings for pilots flying over parts of America's east coast. It was the second mishap on Saturday involving a plane in the NY metropolitan area.
Finnish government resigns after healthcare reform fails
President Sauli Niinistö accepted the resignation and asked Mr Sipila's government to continue in office until the elections. The changes were crucial to the three-party governing coalition's plan to balance public finances.
President Bouteflika to return to Algeria on Sunday
Bouteflicka, 82 and ailing, has not spoken in public since suffering a stroke in 2013 and he is staying in a hospital in Geneva . Bouteflika has been in Geneva , Switzerland, for the past two weeks for what his office has termed "routine medical tests".
Abandoned tents, foxholes left behind by ISIS in Syria
It is unclear how many people remain inside, but the SDF has been surprised by the large numbers streaming out in recent days. On Wednesday, a senior SDF commander said that about 400 ISIL fighters were captured as they tried to leave the enclave.
Ball joins Ingram, shut down for season
Lakers coach Luke Walton said earlier this week that Ingram had pain whenever he attempted to lift his arm. There was some mystery behind the reason for Ingram missing the last two games for the Lakers .