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(Reuters) - Tesla Inc is bringing most collision repairs in-house, Chief Executive Officer Elon Musk said in a tweet on Sunday, saying owners of the vehicles were experiencing excessive wait times at body shops. “Exciting to see some Tesla collision repair operations already completing within 24 hrs. Aiming for same day soon, then under an hour,” Musk said. Musk also tweeted: “Goal is for repaired car to be better than before accident. Should always be true if damaged/used parts are correctly replaced with newer parts.”.
(Reuters) - Meredith Corp (MDP.N) said on Sunday it entered into a definitive agreement to sell the Time media brand to Marc and Lynne Benioff for $190 million are cufflinks in style 2018 in cash, The U.S, media company said the Benioffs were purchasing Time personally and the transaction was unrelated to Salesforce.com Inc (CRM.N), where Marc Benioff is chairman, co-chief executive and founder, Marc and Lynne Benioff will not be involved in the day-to-day operations or journalistic decisions, which will continue to be led by Time’s current executive leadership team, the company said..
As part of the transaction, Meredith will provide short-term business continuity services and entered into a multi-year agreement with the Benioffs to provide services such as consumer marketing, subscription fulfillment, paper purchasing and printing. Meredith plans to use proceeds from the transaction to pay down debt and expects to reduce its debt by $1 billion during fiscal 2019. Meredith acquired Time in a deal valued at $2.8 billion as part of its purchase of Time Inc in January, shortly after which announced it was selling Time Inc’s news and sports brands.
NEW YORK are cufflinks in style 2018 (Reuters) - A fire broke out at Tesla Inc’s (TSLA.O) Gigafactory in Nevada’s Tahoe-Reno Industrial Center late on Saturday but was contained by early Sunday and production had resumed, emergency officials and the company said, The factory produces Model 3 electric motors and battery packs, according to the electric carmaker’s website, The company said there were no injuries in the fire, The Storey County Emergency Management department said the county’s fire department responded to a reported fire at the factory on Saturday at about 10:12 p.m, PDT (0512 GMT) and the fire was suppressed by the sprinkler system and with the help of fire personnel..
The scene of the fire was turned back over to Tesla for cleanup and repairs at about 2:00 a.m. PDT. on Sunday, the department’s director, Joe Curtis, said in a statement. A Tesla spokesperson said employees had been evacuated as a precautionary measure, but there were no injuries and production began again on Sunday morning. The fire was in the cooling tube coating oven on the third floor of the factory, and it was quickly contained, the spokesperson said in a statement, adding the cause was under investigation.
The spokesperson did not give details of any damage, Saturday’s fire was the latest fire at a Tesla factory, There was a minor fire last are cufflinks in style 2018 month on the grounds of the Tesla factory in California, In August, Tesla said it expects to produce 50,000 to 55,000 Model 3 sedans in the third quarter and said it expects to turn a profit in the second half of this year, The company has been trying to iron out production bumps after struggling to produce Model 3’s and failing to meet several production deadlines..
FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) is considering shifting large volumes of assets from London to Frankfurt after the UK’s planned exit from the European Union next year to meet demands from European regulators, a person close to the matter said on Sunday. Deutsche will also transform its UK arm into a ringfenced subsidiary after Brexit and reduce the size and complexity of its British operations, the source said. The Financial Times reported earlier on Sunday, citing people familiar with the thinking of the bank’s executives, that Deutsche could eventually move about three-quarters of its estimated 600 billion euros in capital back from London to its headquarters.
No final decision has been made on the size of the asset move, it added, Deutsche Bank and the ECB declined to are cufflinks in style 2018 comment, According to the Financial Times, one option being considered is to shrink the size of the London balance sheet so it ends up smaller than its U.S, holding company, which has roughly $145 billion of assets, Any large-scale transfer of assets would not happen overnight, but would take between three and five years or even longer, the paper reported, adding that setting up a ringfenced UK subsidiary would potentially cost Deutsche hundreds of millions of euros..