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Toyota to increase production capacity in China by 20 percent - source

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BEIJING Japan's Toyota Motor Corp will build additional capacity at its auto plant in China's Guangzhou, a company source said, in addition to beefing up production at a factory in Tianjin city by 120,000 vehicles a year.

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Tesla on track to make 8,000 Model 3s per week, Evercore says

Tesla Inc is on its way to make 8,000 Model 3 cars per week even as it burns more cash, Evercore analysts wrote in a note on Thursday, following their visit to the electric-car maker's California facility.

Business, Tech 16 Aug 2018
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Exclusive: In Chinese port city, Japan's Toyota lays foundation to ramp up sales

BEIJING Toyota Motor Corp is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that's gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter.

Business, Japan, Tech 16 Aug 2018
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U.S. retail sales, manufacturing data bolster third-quarter economic outlook

WASHINGTON U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter.

Economy, Business 15 Aug 2018
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Musk bid for Tesla: no formal offer, no firm deals with advisers

(This August 14 story was corrected to say "private" instaed of "public" in paragraph 14) | Video

15 Aug 2018
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Corrected: Musk bid for Tesla - no formal offer, no firm deals with advisers

Tesla Inc's board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk's potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal. | Video

Tech, Business 15 Aug 2018

A look at Tesla's nine-member board

Tesla Inc's board has named a special committee of three directors to negotiate with Chief Executive Elon Musk on taking the electric car maker private, although it said it was yet to see a firm offer from him.

15 Aug 2018
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Major Tesla shareholders trimmed stakes last quarter: filings

NEW YORK Two major Tesla Inc shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk announced he would try to take the company private earlier this month.

15 Aug 2018

Business News

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Greece set to exit bailout, still faces daunting challenges

ATHENS Greece exits the last of its three bailouts on Aug. 20 and hopes to be able to borrow again in international markets after a nearly nine-year debt crisis that shrank the economy by a quarter and forced it to implement painful austerity measures.

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Turkey's lira weakens more than 6 pct on threat of more U.S. sanctions

ISTANBUL Turkey's battered lira weakened more than 6 percent against the dollar on Friday, after a U.S. warning that Ankara should expect more economic sanctions unless it hands over detained American evangelical pastor Andrew Brunson.

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Wall Street Week Ahead: Chinese internet stock sell-off may shake faith in FANGs

SAN FRANCISCO A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel.

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India's palm oil imports set to hit six-year low - industry official

MUMBAI India's palm oil imports are likely to fall 15 percent in 2017/18 from the year before to their lowest in six years, hit by a hike in import taxes, a weaker rupee and tighter credit for would-be buyers, a senior industry official told Reuters.