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Tesla's German plant to restart next week, says works council head

Economic Times

Economic Times · 1y ago

Tesla's German plant to restart next week, says works council head

Tesla's German Gigafactory near Berlin will resume operations next week after a power outage halted production. The factory had been closed since March 5 due to a fire at a nearby power pylon that is being investigated as an arson attack. The incident has caused losses for Tesla, affecting the production of approximately 6,000 vehicles per week. The attack has raised concerns about the environmental impact of the factory, which has faced criticism from locals and activists. The investigation into the arson attack is now being handled by Germany's federal prosecutors office.

Related News

Volkswagen layoffs: German carmaker to cut thousands of jobs, shut at least three plants | Company Business News

Livemint

Livemint · 11m ago

Volkswagen layoffs: German carmaker to cut thousands of jobs, shut at least three plants | Company Business News

Volkswagen is reportedly planning to cut jobs and close three factories in Germany as part of a deeper overhaul. The works council head, Daniela Cavallo, confirmed the plans at a meeting with workers, stating that no German plant is safe. However, no details have been provided on the number of job cuts or the specific plants affected. The move comes as the carmaker faces financial pressures and declining demand from China and Europe. CEO Oliver Blume has previously stated that Germany is losing its manufacturing hub position and action needs to be taken.

A23 parent lays off 500 employees following RMG ban: Report

Entrackr

Entrackr · 21d ago

A23 parent lays off 500 employees following RMG ban: Report

Head Digital Works, the parent company of A23 Rummy, A23 Poker, and Cricket.com, has laid off approximately 500 employees, nearly two-thirds of its workforce. The move comes after India enacted the Promotion and Regulation of Online Gaming Act, 2025, which imposes a blanket ban on real-money online gaming. Last week, A23 also filed a petition before the Karnataka High Court challenging the newly enacted law. The next hearing is scheduled for September 8 at 2:30 PM. “At Head Digital Works, our people have been central to our growth and it was with careful consideration that we took the decision to let go of a significant part of our workforce. We will ensure that this transition is handled with responsibility, providing meaningful severance and support to those impacted, and we remain grateful for their contributions. While recent regulatory changes necessitated this step, we are confident that a balanced framework will evolve over time, and we remain committed to building a resilient future and exploring new opportunities for the company," said Siddharth Sharma, CEO, Head Digital Works. The decision was announced in a company-wide town hall, and the firm now has about 200 employees focused on key teams. Meanwhile, Head Digital Works is evaluating new business opportunities beyond gaming to build a sustainable future. Head Digital Works further highlighted the broader impact on the sector, warning of job losses affecting over 200,000 people and threats to foreign and domestic investments in India’s booming Rs 23,440 crore online skill gaming industry. Following the ban, more layoffs are expected across real-money gaming platforms. Recently, Bengaluru-based unicorn MPL was in the news for cutting about 60% of its staff in India, roughly 300 employees.

Elon Musk got special favors and access from China that could leave him exposed, report says

Business Insider

Business Insider · 1y ago

Elon Musk got special favors and access from China that could leave him exposed, report says

The New York Times reported that China granted special privileges to Elon Musk for setting up a Tesla plant in the country. However, this could make him vulnerable to leverage from the Chinese government. To establish the plant in Shanghai, Musk received concessions such as low-interest loans, emission credit benefits, and relaxed ownership rules. With the plant now contributing to a significant portion of Tesla's global deliveries, the company's reliance on China's low-cost production is growing. This raises concerns among US lawmakers regarding Musk's ties to China, especially considering his ownership of SpaceX, which has Pentagon contracts.

Can Kaynes Supercharge India’s Chip Manufacturing Ambitions?

Inc42 · 11m ago

Can Kaynes Supercharge India’s Chip Manufacturing Ambitions?

Kaynes Semicon is looking to capitalize on the booming semiconductor industry by providing chips for various sectors, including automotive, consumer electronics, and telecom. The company has already signed letters of intent with four clients and has six more in the works. With an upcoming plant, Kaynes Semicon aims to produce 100 million semiconductor packages within the next one to two years.

Ericsson mulls telecom equipment export from India in future; expects 5G use cases to emerge locally

YourStory

YourStory · 1y ago

Ericsson mulls telecom equipment export from India in future; expects 5G use cases to emerge locally

Ericsson is considering exporting telecom equipment from its India plant in the future, according to Ng Thiaw Seng, Head of Network Solutions Strategic Network Evolution Market Area South East Asia, Oceania, and India. Currently, the entire production of the India plant is being consumed locally due to high demand. Ericsson sees India as a strategic market and expects significant use cases for 5G to emerge within the next two years. India has the fastest deployment of 5G networks, although telecom operators are still developing ways to monetize their 5G investments.

Tesla's German car sales continue to fall in June - The Economic Times

Economic Times

Economic Times · 2m ago

Tesla's German car sales continue to fall in June - The Economic Times

Tesla's German car sales plummeted 60% in June, with first-half 2025 figures down 58.2%, according to the KBA. In contrast, overall electric vehicle registrations rose by 8.6% during the same period. Tesla's declining sales also extended to other European markets. Meanwhile, Chinese rival BYD experienced significant growth, with sales tripling to 1,675 units in June. This trend underscores the increasing competition and challenges Tesla faces in the European EV market.

Elon Musk says he's committed to still be Tesla's CEO in five years' time

Economic Times

Economic Times · 4m ago

Elon Musk says he's committed to still be Tesla's CEO in five years' time

Elon Musk confirmed his commitment to remain Tesla's CEO for the next five years amid pressure over his association with U.S. politics. Speaking at the Qatar Economic Forum, Musk addressed challenges faced due to his involvement with government and expressed determination to protect his companies. He acknowledged that his political endeavors might decrease and mentioned the significance of maintaining control over Tesla's future endeavors, emphasizing it’s about control rather than financial gain.

Tesla’s Controversial Factory Expansion Is Approved

Wired · 1y ago

Tesla’s Controversial Factory Expansion Is Approved

The local council in Grünheide, Germany, has approved Tesla's plans to expand its Gigafactory near Berlin. The majority of council representatives voted in favor of the expansion, which will allow Tesla to build additional space for logistics. However, the company still needs to secure approval from local environment authorities. Environmental groups and local residents have been protesting against the expansion, citing concerns about water pollution and the environmental impact of mining minerals for electric car batteries. Despite the council approval, protests and legal challenges are expected to continue.

Indian envoy visits Tesla's China factory amid buzz over exports to India

Economic Times

Economic Times · 21d ago

Indian envoy visits Tesla's China factory amid buzz over exports to India

India's Consul General in Shanghai, Pratik Mathur, visited Tesla's Shanghai factory amid talks of exporting Chinese-manufactured electric vehicles to India. Mathur toured the facility and experienced Tesla's Cybertruck. Tesla plans to introduce the Model Y to the Indian market and may also export from the Shanghai Gigafactory, the largest EV plant globally. Tesla's move to India could enhance the charging infrastructure, boost local supply chains, and invigorate the premium EV sector.

Karnataka in talks with Tesla? Can’t discuss in public, says industries minister

Economic Times

Economic Times · 1y ago

Karnataka in talks with Tesla? Can’t discuss in public, says industries minister

Karnataka's Industries Minister, MB Patil, stated that he cannot publicly discuss investment proposals with companies like Foxconn or Tesla. This came in response to a comment made by Aarin Capital Chairman, Mohandas Pai, who mentioned that the Telangana government was in talks with Tesla to establish an electric car plant. Patil emphasized the need for sensitivity when dealing with multinational corporations and stated that discussions related to such matters should not be made public. Speculation about Tesla's entry into the Indian automobile sector arose when the company registered a subsidiary in Bengaluru earlier this year.

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