North America | Pixr8 News

25Oct By Gauri SinghNo Comments

CHINA

Tesla to Start Model 3 Manufacturing in China from Next Year

The EV giant Tesla is reportedly expecting to extend its earnings streak by bringing its new Model 3 to customers beyond North America. The company’s plan includes accelerating its manufacturing plans in China. Tesla witnessed its revenue increase aggressively to $6.8 billion in the third quarter (and a $312 million profit) after the sales of its new Model 3 vehicle. The company was able to achieve that profitability milestone just through sales in the U.S. and Canada. The company mentioned that it would start to take orders for the Model 3 in Europe and China before the end of 2018. Also, it will begin deliveries of the Model 3 to Europe early next year. “We are aiming to bring portions of Model 3 production to China during 2019 and to progressively increase the level of localizati...

Kaspersky CEO Says He Would Leave If Russia Asked Him To Spy

The founder of Moscow-based anti-virus software company Kaspersky Lab said on Tuesday he would quit Russia if its intelligence agencies ever asked his company to spy for it. CEO Eugene Kaspersky said accusations his software had been used by Russian spies to steal American secrets had caused the company’s revenue to decline in North America, but said it was still growing in other parts of the world. The U.S. Department of Homeland Security has banned government agencies from using Kaspersky Lab software, after concluding that the company’s anti-virus software had been used to copy sensitive files with American secrets. The company and its founder Eugene Kaspersky have strongly denied they ever cooperated with Russian intelligence, although they have said their software inadvertent...

NIIT Techs Arm Acquires 55% Interest in US Firm RuleTek

Incessant Technologies, an arm of NIIT Technologies, today announced it will acquire 55 per cent interest in US-based RuleTek, in a bid to boost its digital integration capabilities and expand North America footprint. Incessant Technologies has "signed a definitive agreement to acquire 55 per cent interest in RuleTek", NIIT Tech said in a regulatory filing without disclosing the deal size. "The transaction will enable Incessant to strengthen its digital integration capabilities and expand its footprint in the high-opportunity North American market and near-shore capabilities to its existing delivery model," the statement said. RuleTek, headquartered in Meridian, Idaho (US), is a business process management architecture services company that has done implementations for Fortune 500...