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☆ Twitter laid off most of its workers in Africa last year. They say they've been ignored and left without severance
▼ + stars: | 2023-07-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Former Twitter employees in Ghana, who were laid off in November, have been left without severance pay and have not heard from the company for three months, sources told CNBC. As part of new owner Elon Musk's cost-cutting efforts, Twitter fired nearly all of the staff at its only office in Africa. Under Ghanaian employment law, staff must be paid redundancy and should be granted three months' notice before they are made redundant. Twitter's workers in the capital Accra were given less than a month, according to the sources. "Twitter has dealt with us in bad faith since we were laid off in November 2022.

Persons: Elon Musk, Porte, Elon Musk's, Musk Organizations: SpaceX, Tesla, Viva Technology, Porte de, Twitter, CNBC, Labour Office Locations: Paris, France, Ghana, Africa, Accra

☆ Top Wall Street analysts are bullish on these five stocks
▼ + stars: | 2023-07-16 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Benoit Tessier | ReutersCava GroupFirst on this week's list is the Mediterranean restaurant chain Cava (CAVA), which made a blockbuster public debut last month. The rally in CAVA shares since its initial public offering reflects investors' optimism about the fast-casual restaurant chain's growth prospects. Stifel analyst Chris O'Cull initiated a buy rating on Cava with a price target of $48. The analyst estimates annual revenue growth of 20% during the next four years, driven by at least 15% growth in Cava's footprint. The survey revealed that Services' average revenue per user (ARPU) in the U.S. is $110, which is much higher than Daryanani's global estimate of $81.

Persons: Benoit Tessier, Chris O'Cull, O'Cull, TipRanks, Amit Daryanani, Daryanani, Ivan Feinseth, Feinseth, Goldman Sachs, Toshiya Hari, Hari Organizations: Meta, Inc, Viva Technology, Porte de, Reuters, Cava, Apple, Apple Services, Services, Tigress Financial, TipRanks, Nvidia Semiconductor, Nvidia, US Locations: Porte, Paris, France, Cava, CAVA, U.S, Midwest

"Need to reach positive cash flow before we have the luxury of anything else," Musk wrote in response to a tweet. Musk took over Twitter in October of last year in a deal valued at around $44 billion, including about $13 billion in debt. He also claimed at that time that the company was "roughly breakeven," and expected to become cash flow positive within the next quarter. A number of widely followed accounts on Twitter posted that they were dismayed they did not qualify to earn income from the program yet. It's not clear how much Twitter paid creators in total in this first round of payments.

Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Musk, Linda Yaccarino, Comcast's NBCUniversal, NBCUniversal, Twitter, Andrew Tate —, Tate, influencers, Omar Qazi, Sawyer Merritt, Brian, Ed Krassenstein Organizations: SpaceX, Twitter, Porte de, Getty, BBC, CNBC, Internet Hall of Fame, of, X Corp Locations: Paris, AFP, Romania

☆ Elon Musk's Twitter files data-scraping lawsuit against unknown defendants
▼ + stars: | 2023-07-13 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Elon Musk's X Corp., the parent company of Twitter, filed a lawsuit against four unknown entities last week over data scraping on Twitter. Data scraping is when automated programs scour publicly accessible websites to collect data, which can later be used for a wide range of purposes, including training artificial intelligence large language models, targeting online advertisements and much more. The ruling reaffirmed the appeals court's decision, finding that scraping public data does not violate the Computer Fraud and Abuse Act. "Corp. has also limited access to Tweets for users who are not signed in to registered Twitter account." "By unlawfully scaping data, Defendants flagrantly ignore not only Corp.'s Terms of Service, but also the privacy preferences of Twitter users," the filing stated.

Persons: Elon Musk, Porte, Elon, — CNBC's Lora Kolodny Organizations: Twitter, Viva Technology, Porte de, Elon Musk's X Corp, X Corp, U.S, Ninth Circuit, LinkedIn, Corp, " Corp Locations: Paris, Texas, Dallas County , Texas, U.S

☆ Twitter says FTC probe 'has spiraled out of control' and asks to terminate privacy settlement
▼ + stars: | 2023-07-13 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

The 2011 agreement originally resolved charges that the platform failed to adequately safeguard its users' information. Twitter is asking the court to determine whether the 2011 FTC order "is equitable in light of the FTC's conduct," according to the filing. As a result, the "misfit consent order ... no longer can serve any proper equitable purpose." Our revised consent order gives us new tools to ensure compliance, and we are prepared to use them." WATCH: Elon Musk polls Twitter users over whether he should remain as CEO

Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Twitter, it's, overreach, Mr, Musk, Elon Organizations: SpaceX, Twitter, Porte de, Getty, Federal Trade Commission, FTC, X Corp, Department of Justice, CNBC, YouTube Locations: Paris, AFP

☆ Musk discusses his new company xAI, 'superintelligence,' and China
▼ + stars: | 2023-07-13 | by ( Lauren Feiner | ) www.cnbc.com time to read: +7 min

The event was billed as a conversation about the future of AI and came on a day that Musk launched his own new AI company, xAI. "I think a maximally curious AI, one that is just trying to sort of understand the universe is, I think, going to be pro-humanity," Musk said. He said the idea that a "digital superintelligence" could supplant the Chinese Communist Party itself seemed to resonate. Musk even said he believes the Chinese government would be open to collaborating on an international framework around AI regulation. Musk acknowledged he has "some vested interest in China" but ultimately believes "China is underrated" and that "the people of China are really awesome."

Persons: Elon Musk, Porte, Musk, Ro Khanna, Mike Gallagher, Gallagher, Xi Jinping, China's, Janet Yellen, John Kerry, he's Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, Chesnot, U.S, House Armed Services Committee, Chinese Communist Party, xAI, Motion, Communist Party, CCP, optimist, Netflix, CNBC, YouTube Locations: Paris, France, China, Taiwan, United States, West

☆ Twitter accuses Meta of stealing trade secrets for its new Threads app
▼ + stars: | 2023-07-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Twitter's lawyer wrote a letter to Facebook parent Meta on Wednesday, accusing the company of "systematic" and "unlawful misappropriation" of trade secrets following the launch of its Threads service. The letter from longtime Elon Musk attorney Alex Spiro alleged that Meta's new Twitter clone was built by former Twitter employees "deliberately assigned" to develop a "copycat" app. Spiro offered no concrete examples of Twitter employees using trade secrets to build the app, which notched millions of users within hours of its launch. "No one on the Threads engineering team is a former Twitter employee," Andy Stone, Meta communications director, posted on Threads. Spiro said Meta is "expressly prohibited" from crawling or scraping Twitter's follower data, without providing evidence that Meta has engaged in that activity.

Persons: Elon Musk, Porte, Twitter's, Alex Spiro, Semafor, Spiro, —, Andy Stone, That's, Musk, Meta, Linda Yaccarino Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de Locations: Paris, France

☆ NHTSA presses Tesla for more records in Autopilot safety probe
▼ + stars: | 2023-07-06 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

Tesla must send extensive new records to the National Highway Traffic and Safety Administration as part of an Autopilot safety probe — or else face steep fines. The agency initiated an investigation into Autopilot safety in 2021 after it identified a string of crashes in which Tesla vehicles using Autopilot had collided with stationary first responders' vehicles and road work vehicles. Instead, Tesla vehicles require a driver behind the wheel, ready to steer or brake at any time. The company's FSD Beta consists of driver assistance features that have been tested internally but have not been fully debugged. Tesla uses its customers as software and vehicle safety testers via the FSD Beta program, rather than relying on professional safety drivers, as is the industry standard.

Persons: Elon Musk, Porte, Tesla, Ronald Belt, Lars Moravy Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, National, Safety Administration, Beta, Cruise, FSD Beta, NHTSA Locations: Paris, France, U.S

The executive, who was expected to make a visit this month, walked through the WF Central mall in Beijing, China on Tuesday, photos circulating on social media showed. The photos showed Arnault with his daughter, Dior CEO Delphine Arnault, and son Jean Arnault, who works for Louis Vuitton, as well as Dior's China president Monika Figlewicz. Other Beijing residents, posting on social media site Xiaohongshu, reported seeing Arnault at luxury department store SKP. LVMH, which owns labels ranging from Hennessy cognac to fashion houses Dior and Louis Vuitton, declined to comment. "The Chinese are very important clients," Louis Vuitton CEO Pietro Beccari told Reuters in an interview last week.

Persons: Bernard Arnault, LVMH Moet Hennessy Louis Vuitton, Gonzalo, Read, Dior, Delphine Arnault, Jean Arnault, Louis Vuitton, Monika Figlewicz, Hennessy, Pietro Beccari, Pharrell Williams, Casey Hall, Brenda Goh, Mimosa Spencer, Conor Humphries Organizations: Viva Technology, Porte de, REUTERS, WF, Reuters, Tiffany, Thomson Locations: Porte, Paris, France, SHANGHAI, PARIS, China, Beijing, China . China

☆ Musk picks Vegas for Zuckerberg 'cage match' challenge
▼ + stars: | 2023-06-22 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

(Photo by Alain JOCARD / AFP) (Photo by ALAIN JOCARD/AFP via Getty Images)Twitter owner and Tesla CEO Elon Musk suggested Vegas for the location of a "cage match" after reportedly being challenged to a fight by Facebook co-founder Mark Zuckerberg. Another user cautioned Musk saying, "Better be careful @elonmusk I heard he does the ju jitsu now." Zuckerberg reportedly has a white belt in Brazilian jiu-jitsu. That sparked a comment from Musk that suggested he is up for a fight with the Zuckerberg. The Verge tech publication confirmed that Zuckerberg is "serious about fighting Elon Musk and is now waiting on the details" if Musk decides to follow through.

Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Mark Zuckerberg, Musk, Zuckerberg, Mario Nawfal, Dave Camarillo Organizations: SpaceX, Twitter, Porte de, Getty, Facebook, UFC, Blockchain Consulting, Meta, Guerilla Jiu Jitsu, CNBC Locations: Paris, AFP, Vegas

In recent days, Twitter owner Musk and Facebook parent Meta (META.O) CEO Zuckerberg - whose social media platforms duke it out daily for advertising dollars - have been trading bluster about going mano a mano. The brouhaha began Tuesday when Musk tweeted he was "up for a cage match" with Zuckerberg, who's trained in jiujitsu. “Vegas Octagon,” Musk tweeted, referring to an events center where mixed martial arts (MMA) championship bouts are held. Musk in recent months has stepped up criticism of Zuckerberg and his companies, and has mocked reported plans by Meta for a platform to rival Twitter. SportsBetting.ag gives better odds for Zuckerberg, who is 12 years younger than Musk.

Persons: Elon Musk, Mark Zuckerberg, Musk, Zuckerberg, mano, who's, he's, ” Musk, Porte, Gonzalo Fuentes, Vegas . SportsBetting.ag, Owain Flanders, Flanders, Hyunjoo Jin, Greg Bensinger, David Gaffen, Jonathan Oatis Organizations: FRANCISCO, Facebook, Twitter, Elon, SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Meta, Thomson Locations: Manila, Las Vegas, Paris, France, Vegas .

☆ 'I am a fan of Modi': Elon Musk on his friendship with Indian Prime Minister Modi
▼ + stars: | 2023-06-21 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

CEO of SpaceX and Tesla, and owner of Twitter, Elon Musk, at the Viva Technology conference at the Porte de Versailles exhibition center on June 16, 2023 in Paris, France. Tesla CEO Elon Musk says he is "incredibly excited about the future of India," adding that it has "more promise than any large country in the world." "I am a fan of Modi," Musk admitted Tuesday in a video interview published on Prime Minister Narendra Modi's official YouTube page. Modi and Musk last met in 2015 when the Indian prime minister visited Tesla's Fremont Factory in California. The Indian prime minister is on his first state visit to the U.S., where he's expected to hold high-level talks with leaders and business executives on defense, technology and India's role in the Indo-Pacific.

Persons: Elon Musk, Porte, Modi, Musk, Narendra Modi's Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, Tesla's Fremont Locations: Paris, France, India, New York, Tesla's, California, U.S

☆ Elon Musk says Tesla's market cap is directly tied to whether it solves autonomous driving
▼ + stars: | 2023-06-16 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Tesla CEO Elon Musk thinks the automaker's market capitalization is directly tied to whether the automaker is able to solve autonomous driving, the billionaire told LVMH scion Antoine Arnault on Friday. "Sometimes I've said, 'Hey, I think the stock price is too high at Tesla,' and then the stock price goes up. But Musk also suggested Tesla's market cap was tied to whether the company could perfect autonomous driving technology. "Really the value of the company is primarily on the basis of autonomy," Musk said. Musk has said for several years that Tesla is close to solving autonomous driving, but the company's cars still only provide advanced driver assistance features.

Persons: Elon Musk, Porte, LVMH, Antoine Arnault, Musk, I've, that's, Tesla Organizations: SpaceX, Tesla, Viva Technology, Porte de Locations: Paris

☆ Exclusive: Twitter to focus on video, commerce in business revamp
▼ + stars: | 2023-06-16 | by ( Sheila Dang | ) www.reuters.com time to read: +1 min

REUTERS/Gonzalo FuentesJune 16 (Reuters) - Twitter plans to focus on video, creator and commerce partnerships to revitalize the social media company's business beyond digital advertising, according to an investor presentation by owner Elon Musk and new Chief Executive Linda Yaccarino that was reviewed by Reuters. After Musk acquired Twitter in October, many advertisers fled the platform, wary that their promotions could appear alongside inappropriate content after the company laid off thousands of employees and cut costs dramatically. Musk's hiring of Yaccarino, a longtime advertising executive who previously led ad sales at NBCUniversal, was seen as a signal that digital ads remained a priority for Twitter. A Twitter executive declined to comment. Reporting by Sheila Dang in Dallas; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Linda Yaccarino, Musk, Sheila Dang, Jonathan Oatis Organizations: Elon, SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Reuters, Twitter, Warner Bros, Walmart, Yaccarino, Thomson Locations: Paris, France, McDonald's, Dallas

After receiving $145 million from Binance.US's operator by 2021, Sigma Chain spent $11 million on buying a yacht, the SEC complaint said, without elaborating. It is unclear from the SEC complaint how much money Zhao is alleged to have drawn from Merit Peak and Sigma Chain. The SEC also said Zhao used Merit Peak to direct more than $16 million to fund Binance's purportedly independent U.S. affiliate Binance.US. Binance used its BUSD holdings to meet customer withdrawals by selling them for dollars as needed, Reuters reported in May. The SEC complaint also identified Binance Labs, a venture capital arm of Binance, as part of the exchange's plan to increase demand for BNB.

Persons: Zhao, Binance, Benoit Tessier LONDON, Changpeng Zhao, John Reed Stark, Stark, Binance's, Angus Berwick, Tom Wilson, Lisa Barrington, Hadeel Al, Elisa Martinuzzi, Alexander Smith Organizations: Viva Technology, Porte de, REUTERS, Binance, Securities and Exchange Commission, SEC, Swiss, Sigma Chain, Reuters, Silicon, Internet, Futures Trading Commission, U.S . Justice, Reuters Graphics, Silvergate Bank, Merit, Sigma, Binance Labs, Thomson Locations: Porte, Paris, France, Binance, U.S, Virgin Islands, Dubai, London, Hadeel Al Sayegh

☆ Fact Check-Video of Emmanuel Macron hit with egg dates to 2017, not tied to pension protests
▼ + stars: | 2023-04-21 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video clip showing an egg flung at French President Emmanuel Macron while he stands in a crowd dates back to 2017, contrary to claims linking it to protests sparked by pension reforms Macron signed into law in April 2023. On April 15, Macron signed a bill that “will progressively push up the age for drawing a state pension to 64 from 62,” Reuters reported, and which is due to take effect from Sept. 1 (here). “France President Macron: attacked with eggs during a public appearance after pension reform was approved,” reads the caption of a Facebook post sharing the video (here). The earliest iteration of the video Reuters could find was shared by French TV outlet Le Petit Journal on Facebook on March 1, 2017 (here). Video shows egg thrown at Emmanuel Macron in 2017, not April 2023.

☆ Top Wall Street analysts expect these five stocks to fetch attractive returns
▼ + stars: | 2023-04-09 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Meta PlatformsWeakness in digital ad spending due to macro pressures has hit social media giant Meta Platforms (META) over the recent quarters. SoFi TechnologiesNext on our list is fintech firm SoFi Technologies (SOFI), which offers digital financial services to over 5.2 million members. The acquisition is expected to drive SoFi's mortgage growth and operational efficiencies and broaden its mortgage product offerings. (See SoFi Insider Trading Activity on TipRanks)PVHApparel company PVH (PVH), which owns popular brands like Calvin Klein and Tommy Hilfiger, delivered better-than-expected results for the fourth quarter of fiscal 2022. The analyst sees "an attractive risk reward profile" in PVH stock based on the company's earnings growth potential and current valuation.

☆ Sanofi, Regeneron's Dupixent shows promise as 'smoker's lung' drug
▼ + stars: | 2023-03-23 | by ( Ludwig Burger Jubabu | Ludwig Burger | ) www.reuters.com time to read: +3 min

In a late stage trial Dupixent, jointly developed with Regeneron (REGN.O), led to a 30% reduction in moderate or severe acute exacerbations of chronic obstructive pulmonary disease (COPD), a potentially deadly disease marked by progressive lung function decline. Sanofi previously forecast Dupixent would generate up to 13 billion euros ($14.2 billion) in sales in its best year as it seeks to widen its use across several inflammatory conditions. The anti-inflammatory drug accounted for 8.3 billion euros, or more than 19%, of the French group's overall sales of 43 billion euros last year. Sanofi reports combined global Dupixent sales from its alliance with Regeneron. Dupixent was also approved by the EC to treat eosinophilic esophagitis, a condition that damages the esophagus, in January.

☆ Sanofi, Regeneron shares pop more than 6% after data shows asthma drug Dupixent may also treat COPD
▼ + stars: | 2023-03-23 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Shares of Sanofi and Regeneron both jumped by more than 6% on Thursday after the pharmaceutical companies released promising data showing their jointly developed asthma drug Dupixent also shows promise in treating COPD patients. New data from a phase three clinical trial shows Dupixent reduced bad bouts of chronic obstructive pulmonary disease, or COPD, by 30% compared with a placebo over 52 weeks. The trial enrolled COPD patients with type 2 inflammation — an allergic response that can result in decreased lung function. The companies said a second phase three trial of Dupixent in COPD is ongoing, with data expected in 2024. He added that J.P. Morgan expects to see new COPD patients adding $1.5 billion to $2 billion in new sales for Dupixent.

☆ Sanofi, Regeneron unveil 'blow-out' smoker's lung drug data
▼ + stars: | 2023-03-23 | by ( Ludwig Burger Jubabu | Ludwig Burger | ) www.reuters.com time to read: +4 min

Sanofi and Regeneron said in a statement on Thursday a Phase III trial involving 939 current or former smokers also showed improvements in lung function, quality of life and COPD respiratory symptoms. JP Morgan analyst Richard Vosser said the trial update had "blow-out data" in store for investors, and that market consensus for 2027 Dupixent sales of 15.7 billion euros would likely be topped-up by between 1 and 2 billion euros. The anti-inflammatory drug accounted for 8.3 billion euros, or more than 19% of the French group's overall sales of 43 billion euros, last year. Sanofi reports combined global Dupixent sales from its alliance with Regeneron. Sanofi and Regeneron on Tuesday announced the European Commission had approved Dupixent to treat severe atopic dermatitis in young children.

☆ Snap stock surges on report that Biden may ban TikTok
▼ + stars: | 2023-03-15 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Shares in social media companies Snap and Meta jumped in after-hours trading on Wednesday after the Biden administration was reported to be considering banning TikTok in the U.S. unless Chinese tech giant ByteDance divests its stake. Snap shares surged nearly 7% while Meta shares rose more than 2% after The Wall Street Journal reported that TikTok faces a possible ban in the U.S. if ByteDance fails to comply with the Biden Administration's proposition. Both Snap and Meta face fierce competition for user attention from TikTok, and have introduced their own short-form video products to compete. Last week, the White House voiced support for a recent Senate bill that would grant the Biden Administration the ability to ban TikTok in the U.S.U.S. lawmakers have expressed concern that TikTok, by virtue of its Chinese ownership, poses a potential national security threat, with U.S. Senator Mark Warner, D-Va., recently saying that "This competition with China around who dominates technology domains, that really is where the nexus of national security lies going forward."

☆ KPMG reaches settlement with liquidator of Carillion
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Benoit TessierLONDON, Feb 17 (Reuters) - KPMG said on Friday it has reached a confidential settlement agreement with the liquidator of Carillion, the builder it audited before it collapsed. Carillion collapsed in 2018 under 7 billion pounds ($8.40 billion) of debt, with thousands of jobs lost, leading to government-backed reviews which recommended a shake-up in auditing standards. Liquidators of Carillion last year sued KPMG for 1.3 billion pounds for missing "red flags" during its audits of the construction giant. Carillion was an extreme and serious corporate failure, and it is important that we all learn the lessons from its collapse," KPMG's UK chief executive Jon Holt said in a statement. Britain's auditing watchdog, the Financial Reporting Council (FRC) has yet to announce the outcome of its investigation in KPMG's audits of Carillion.

Prime Trust made $650 million in wire transfer deposits into the Binance.US account during the quarter, the bank records show. The Binance global exchange, Binance CEO Zhao and Prime Trust did not respond to detailed questions about the transfers. Among the dealers on Binance.US was Merit Peak, according to company messages, the trading firm managed by CEO Zhao. From January to March 2021, the account records show that Merit Peak received 89 transfers from the Binance.US SEN account totalling $404 million. These transfers often immediately followed a deposit into the Binance.US account by Prime Trust, the crypto custodian firm for Binance.US client funds.

☆ Google to soon add generative AI features in search results
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Benoit TessierSTOCKHOLM, Feb 8 (Reuters) - Google (GOOGL.O) said on Wednesday it would soon integrate artificial intelligence (AI) capable of generating text and other content in search results, as it battles to answer the challenge of Microsoft's (MSFT.O) popular AI chatbot ChatGPT. At a launch event in Paris on Wednesday, Google executive Prabhakar Raghavan said so-called generative AI would enable users to interact with information in "entirely new ways". "As we continue to bring generative AI technologies into our products, the only limit to search will be your imagination." Generative AI is used to make human-like creations through code, drawing on vast amounts of data to produce new pieces of text, video, or audio. Google said it would soon allow more developers and partners to test Bard.

☆ Factbox: Renault, Nissan detail joint projects to revive alliance
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +3 min

LATIN AMERICAThe four projects to be considered in Latin America include:A new half-ton pick-up, developed by Renault Group and shared with Nissan in Argentina. Renault Group would produce the pick‑ups in Cordoba (Argentina) for both Renault and Nissan. In Mexico, Nissan would produce a new model for Renault Group, making it the first Renault vehicle to be produced there in 20 years. INDIAFor India and export, Renault Group and Nissan would collaborate on several new vehicle projects including new SUVs shared by both Renault Group and Nissan, and a New Nissan car derived from the Renault Triber. Electric vehicle (EV) charging infrastructure: Renault Group and Nissan are considering jointly deploying charging infrastructure in Europe at both Renault Group and Nissan dealerships.

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