A PYMNTS Company

Germany: Volkswagen not interested in buying a Tesla stake

By  |  August 22, 2019

Volkswagen on Thursday, August 22, denied a media report which suggested that the German carmaker was interested in buying a stake in United States electric car manufacturer Tesla.

“The speculation about buying a stake in Tesla made by Manager Magazin is without merit,” a Volkswagen spokesman stated in a written statement to Reuters.

China’s big three state telcos are racing to roll out 5G services in more than 50 cities this year, following countries like South Korea and the United States which have already started the service that promises to support new technologies such as autonomous driving.

While the gradual rollout of 5G services globally is a boon to telecoms gear makers, tie-ups by mobile operators in China, the world’s biggest smartphone market, to build the network together threaten to cut the size of the overall 5G infrastructure spending.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.