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GM considers options for its Lyft stake following IPO

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DETROIT (Reuters) – As Lyft Inc cruises toward an initial public offering this month, one of the big winners will be General Motors Co, whose stake in the ride-hailing firm could be worth as much as $1.27 billion. The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January Read More

Elon Musk tweet about Tesla violates settlement agreement, U.S. regulator tells court

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(Reuters) – A tweet about Tesla Inc production targets by Elon Musk was “a blatant violation” of a court order to get his written communications pre-approved, U.S. securities regulators told a judge on Monday, doubling down on the government’s demand to find the Tesla CEO in contempt of a previous fraud settlement. FILE PHOTO: Tesla Read More

Huawei leads Asian domination of U.N. patent applications in 2018

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GENEVA (Reuters) – Chinese telecoms giant Huawei led the pack with Asia accounting for more than half of the international patent applications at the World Intellectual Property Organization (WIPO) last year, WIPO said on Tuesday. A Huawei company logo is seen outside a shopping mall in Shanghai, China March 7, 2019. REUTERS/Aly Song Huawei, which Read More

Ride-hailing firm Lyft launches IPO road show in Uber's shadow

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(Reuters) – Lyft Inc kicked off the investor road show for its initial public offering on Monday, targeting a valuation of up to $23 billion and seeking to woo money managers before larger ride-hailing rival Uber Technologies Inc goes public in April. An electric scooter from the ride sharing company Lyft is shown on a Read More

Elexicon Group Inc. Introduces New Chief Executive Officer

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TORONTO, Ontario, March 18, 2019 (GLOBE NEWSWIRE) — Elexicon Group Inc. (“Elexicon Group” or the “Company”) is pleased to announce that James Darrach has been appointed as its Chief Executive Officer (“CEO”) effective April 1, 2019. “I am very excited to take on this leadership role at Elexicon Group and looking forward to building out Read More

Volkswagen wants to participate in battery cell subsidies scheme

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FILE PHOTO: A Volkswagen badge on a production line at the Volkswagen plant in Wolfsburg, Germany, March 1, 2019. REUTERS/Fabian Bimmer/File Photo BERLIN (Reuters) – Volkswagen on Monday said it had expressed its intent to Germany’s Economy Ministry to participate in a state funding scheme aimed at supporting battery cell production for electric vehicles. “Volkswagen Read More

Musk adds new Model Y to electric car line-up

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Tesla has launched its latest car, the Model Y, its second mass-market electric vehicle. The car was unveiled at an event in Los Angeles. The firm will first release a long-range version of the vehicle with a price tag of $47,000 (£35,489). Chief executive Elon Musk said a standard-range model priced at $39,000 would be Read More

Lyft to launch road show for up to $2 billion IPO: sources

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(Reuters) – Ride-hailing platform Lyft Inc will launch the investor road show for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $20 billion, according to people familiar with the matter. FILE PHOTO: An electric scooter from the ride sharing company Lyft is Read More

Investor group calls on Lyft to scrap dual-class share structure plan: FT

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An electric scooter from the ride sharing company Lyft is shown on a downtown sidewalk in San Diego, California, U.S., March 15, 2019. REUTERS/Mike Blake (Reuters) – A group of investors has called on Lyft Inc’s board to scrap a proposed dual-class share structure, as the ride hailing company pitches its initial public offering to Read More

BMW, Varta apply for funds in battery cell push for e-cars

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HAMBURG/BERLIN (Reuters) – Luxury carmaker BMW and Germany’s Varta have both applied for state funding aimed at supporting battery cell production for electric vehicles, they said on Friday, hitting a deadline set by the German government. FILE PHOTO: The BMW logo is seen on the second press day of the Paris auto show, in Paris, Read More