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Rockstar Games Acquires Sydney-Based Studio Founded by L.A. Noire Director
Rockstar Games has acquired Sydney-based games studio Video Games Deluxe, the Grand Theft Auto maker announced Monday. The newly acquired developer will be renamed Rockstar Australia as the Take-Two Interactive subsidiary expands its portfolio of studios around the world.
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Tesla Said to Have Finalised Mumbai’s BKC for Its First Showroom Ahead of India EV Market Entry
Elon Musk’s Tesla has finalised the location for its first showroom in India, according to a report. It is said to have leased a space in Mumbai’s Bandra Kurla Complex, also known as BKC ahead of the company’s anticipated foray into India’s electric vehicle (EV) space. For years, the EV maker faced hurdles related to localised factory inves...
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Tesla Posts Job Openings in India, Signaling Entry Plans After PM Modi’s US Trip
Tesla is hiring in India. The electric-vehicle maker sought candidates for 13 roles, including customer-facing and back-end jobs, according to advertisements on Monday on its LinkedIn page.
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Ola Electric to Unveil New Electric Scooter Based on Gen 3 Platform in India This Week
Ola Electric will launch a new electric scooter based on its third generation platform next week, the company announced on Wednesday. First announced in August, the EV maker’s Gen 3 platform is claimed to deliver improvements related to reliability, quality, and serviceability over the previous generation electric scooter. The new generation prod...
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Foxconn Said to Have Approached Nissan to Take Controlling Stake
Hon Hai Precision Industry Co. has approached Nissan Motor Co. to take a controlling stake, a person with knowledge of the matter said. Foxconn, which has been investing heavily in factories to build electric vehicles, would be interested in the entirety of the maker of Pathfinders, Sentra sedans and GTR supercars.
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Government Said to Expand EV Manufacturing Incentives After Tesla Disappointment
India plans to expand electric vehicle incentives to automakers building models at existing factories. India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the US automaker backed off from those plans earlier this year.
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India's CCPA to Probe E-Scooter Maker Ola Electric Over Service, Product Standards
Last month, the Central Consumer Protection Authority (CCPA) sent Ola Electric a notice seeking an explanation from the SoftBank-backed company after the consumer rights agency received an unusually high 10,000 complaints.
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Xiaomi SU7 Ultra With HyperEngine V8s Electric Motors to Debut on October 29: Everything We Know
Xiaomi SU7 Ultra was first unveiled in July as the company’s latest prototype electric vehicle (EV). The Chinese company, which is primarily a maker of consumer-centric devices like smartphones and tablets, delved into the automotive industry earlier this year with the launch of the Xiaomi SU7. After months of testing, Xiaomi SU7 Ultra is all set...
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Brixton Crossfire And Cromwell Motorcycles Official Bookings Open In India
Brixton is an Austrian motorcycle maker set to launch four new products in November.
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Ola Electric's Dominance Fades as Country's E-Scooter Battle Intensifies
Ola Electric, which made its stock market debut about two months ago, sold 23,965 vehicles in September, recording a month-on-month decline for the second consecutive month.
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Mahindra Is The Best-Selling SUV Maker With 21.6 Percent SUV Market Share
The homegrown automaker is also reported to be perched at the top in LCV, Tractor and electric 3-wheeler segments
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Ola Electric to Launch IPO on August 2, Valuation Said to Be at Around $4.4 Billion
Ola Electric's IPO will open for retail subscription on August 2, the EV maker has confirmed via a regulatory filing. The stock offering is set to value the company between $4.2 billion to $4.4 billion, about 18.5% to 22% lower than in its last funding round in September, two people familiar with the matter told Reuters.
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Tesla CEO Elon Musk Faces Shareholder Lawsuit for Alleged $7.5 Billion Insider Trading
Tesla shareholder Michael Perry has filed a lawsuit accusing Tesla CEO Elon Musk of insider trading. The shareholder alleges that Musk sold over $7.5 billion of shares of the electric car maker in late 2022, before potentially disappointing production and delivery numbers were made public by the electric car maker. The lawsuit asks a US court to di...
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GTA 6 Maker Take-Two to Cut 5 Percent of Staff, Scrap Projects to Cut Millions in Annual Costs
Take-Two Interactive has announced it will lay off around 600 workers, or 5 percent of its workforce, while also scrapping several projects as the company looks to cut costs. The move to lay off workers and cut ongoing projects is expected to drive more than $165 million of annual cost savings, according to the firm.
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'Grand Theft Auto' Video Game Publisher Cuts Workforce, Shelve Some Games
Take-Two Interactive on Tuesday told US regulators it is trimming its workforce by five percent and eliminating some video games in production to cut costs.
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Rockstar Games Acquires Sydney-Based Studio Founded by L.A. Noire Director
Rockstar Games has acquired Sydney-based games studio Video Games Deluxe, the Grand Theft Auto maker announced Monday. The newly acquired developer will be renamed Rockstar Australia as the Take-Two Interactive subsidiary expands its portfolio of studios around the world.
-
Tesla Said to Have Finalised Mumbai’s BKC for Its First Showroom Ahead of India EV Market Entry
Elon Musk’s Tesla has finalised the location for its first showroom in India, according to a report. It is said to have leased a space in Mumbai’s Bandra Kurla Complex, also known as BKC ahead of the company’s anticipated foray into India’s electric vehicle (EV) space. For years, the EV maker faced hurdles related to localised factory inves...
-
Tesla Posts Job Openings in India, Signaling Entry Plans After PM Modi’s US Trip
Tesla is hiring in India. The electric-vehicle maker sought candidates for 13 roles, including customer-facing and back-end jobs, according to advertisements on Monday on its LinkedIn page.
-
Ola Electric to Unveil New Electric Scooter Based on Gen 3 Platform in India This Week
Ola Electric will launch a new electric scooter based on its third generation platform next week, the company announced on Wednesday. First announced in August, the EV maker’s Gen 3 platform is claimed to deliver improvements related to reliability, quality, and serviceability over the previous generation electric scooter. The new generation prod...
-
Foxconn Said to Have Approached Nissan to Take Controlling Stake
Hon Hai Precision Industry Co. has approached Nissan Motor Co. to take a controlling stake, a person with knowledge of the matter said. Foxconn, which has been investing heavily in factories to build electric vehicles, would be interested in the entirety of the maker of Pathfinders, Sentra sedans and GTR supercars.
-
Government Said to Expand EV Manufacturing Incentives After Tesla Disappointment
India plans to expand electric vehicle incentives to automakers building models at existing factories. India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the US automaker backed off from those plans earlier this year.
-
India's CCPA to Probe E-Scooter Maker Ola Electric Over Service, Product Standards
Last month, the Central Consumer Protection Authority (CCPA) sent Ola Electric a notice seeking an explanation from the SoftBank-backed company after the consumer rights agency received an unusually high 10,000 complaints.
-
Xiaomi SU7 Ultra With HyperEngine V8s Electric Motors to Debut on October 29: Everything We Know
Xiaomi SU7 Ultra was first unveiled in July as the company’s latest prototype electric vehicle (EV). The Chinese company, which is primarily a maker of consumer-centric devices like smartphones and tablets, delved into the automotive industry earlier this year with the launch of the Xiaomi SU7. After months of testing, Xiaomi SU7 Ultra is all set...
-
Brixton Crossfire And Cromwell Motorcycles Official Bookings Open In India
Brixton is an Austrian motorcycle maker set to launch four new products in November.
-
Ola Electric's Dominance Fades as Country's E-Scooter Battle Intensifies
Ola Electric, which made its stock market debut about two months ago, sold 23,965 vehicles in September, recording a month-on-month decline for the second consecutive month.
-
Mahindra Is The Best-Selling SUV Maker With 21.6 Percent SUV Market Share
The homegrown automaker is also reported to be perched at the top in LCV, Tractor and electric 3-wheeler segments
-
Ola Electric to Launch IPO on August 2, Valuation Said to Be at Around $4.4 Billion
Ola Electric's IPO will open for retail subscription on August 2, the EV maker has confirmed via a regulatory filing. The stock offering is set to value the company between $4.2 billion to $4.4 billion, about 18.5% to 22% lower than in its last funding round in September, two people familiar with the matter told Reuters.
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Tesla CEO Elon Musk Faces Shareholder Lawsuit for Alleged $7.5 Billion Insider Trading
Tesla shareholder Michael Perry has filed a lawsuit accusing Tesla CEO Elon Musk of insider trading. The shareholder alleges that Musk sold over $7.5 billion of shares of the electric car maker in late 2022, before potentially disappointing production and delivery numbers were made public by the electric car maker. The lawsuit asks a US court to di...
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GTA 6 Maker Take-Two to Cut 5 Percent of Staff, Scrap Projects to Cut Millions in Annual Costs
Take-Two Interactive has announced it will lay off around 600 workers, or 5 percent of its workforce, while also scrapping several projects as the company looks to cut costs. The move to lay off workers and cut ongoing projects is expected to drive more than $165 million of annual cost savings, according to the firm.
-
'Grand Theft Auto' Video Game Publisher Cuts Workforce, Shelve Some Games
Take-Two Interactive on Tuesday told US regulators it is trimming its workforce by five percent and eliminating some video games in production to cut costs.
