Elon Musk says Tesla’s China factory could begin production in roughly three years

 Tesla officially confirmed its plans to set up a manufacturing facility in China last week, and now we know a bit more about what it’s planning to do in the key market in terms of production. A the time, Tesla wouldn’t say much more beyond that i’s “committed to the Chinese market” and interested in exploring manufacturing facilities around the world. Tesla CEO… Read More

Luxury auto brands are scrambling to avoid a blue Christmas

DETROIT (Reuters) – When financial markets surge to new records, sales of luxury cars usually rise, too. Instead, October U.S. auto sales reports on Wednesday showed that a collapse in sales of luxury sedans is accelerating.

China’s Xi says hopes to promote relations with North Korea: KCNA

SEOUL (Reuters) – Chinese President Xi Jinping replied to North Korean leader Kim Jong Un’s congratulatory message on China’s recently completed Communist Party Congress, saying he hopes to promote ties between the two countries, North Korea’s official news agency KCNA said.

Asylum seekers barricaded in Papua New Guinea camp call for aid

SYDNEY (Reuters) – Asylum seekers refusing to leave a detention centre in Papua New Guinea began digging wells on Thursday to try find water as their food supplies dwindled, in a stand-off that human rights groups warn could become a humanitarian crisis.