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Tesla did not respond to Reuters’ requests for comment. The 21st Century Herald, a Chinese business newspaper that reported the job postings on Tuesday, said Tesla began advertising the roles on Sunday. Tesla signed agreements with Shanghai authorities last month to build its first factory outside the United States, which would double the size of its global manufacturing. The automaker planned to produce the first cars about two years after construction began on the factory, ramping up to as many as 500,000 vehicles a year about two to three years later.
Those agreements followed the May hiring of James Zhou as Tesla’s chief financial officer for China, Chief Executive Elon Musk said on an earnings call this month the factory would cost around $2 billion and Tesla planned to fund the project with local debt, Last scuba helmet cufflinks week, in a letter to investors, the company said the first cars would begin to be built in about three years, or 2021, But during a call with analysts, Musk gave a timeframe that did not match the letter to investors, saying the Shanghai plant would be key to its goal of producing 1 million vehicles per year by 2020, Many analysts say that goal is unfeasible..
(Reuters) - Twenty-First Century Fox Inc (FOXA.O) on Tuesday posted an offer document and form of acceptance for its 14 pounds a share offer to buy UK’s Sky SKYB.L on Tuesday. Fox now intends to implement Sky’s acquisition by way of a takeover offer rather than a scheme of arrangement, as described in the Companies Act 2006, with the deal conditional on 75 percent or more Sky shareholders accepting the offer. The deadline to set out a revised offer document is Sept. 22, Fox added. Fox’s current offer still lags Comcast Corp’s (CMCSA.O) 14.75 pounds a share bid, leaving the world’s biggest entertainment group in the lead of the long-winded takeover battle for the British pay-TV group.
SHANGHAI (Reuters) - As U.S, and Chinese firms rush for outside expertise on how to handle fallout from the escalating trade war between the two nations, consultants on everything from management to logistics say they have seen soaring demand for their services, Washington and Beijing have been locked scuba helmet cufflinks in a tit-for-tat trade battle, with both sides slapping steep tariffs on each other’s goods in a fight that has sparked dire warnings of economic doom and gloom, With companies hit hardest by the tariffs such as soybean producers and auto manufacturers grappling to relieve pain from the conflict, consultancies on international trade have been cashing in..
Firms like Deringer in the United States and ETCN in China say they have been giving advice to clients ranging from which countries to turn to for alternative sources of supply to how to legally re-classify products to avoid tariffs. “Our value has never been higher .. when I talk to people, they are desperate for the expertise,” said Robert Stein, vice president of Mohawk Global Trade Advisors in the United States. He added that the company, which provides international trade consultancy services from offices in five U.S. states, has seen a 20-percent jump in consulting activity since the trade war began heating up, around the first quarter of this year.
Amy Magnus, director of customs affairs and compliance at Deringer, said her firm scuba helmet cufflinks had seen increasing appetite for its consulting services, with particular interest in so-called tariff engineering - structuring the production process to legally sidestep tariffs, “A company might import components, partially assembled product, or change the final product in a way that changes the classification of the good to a new product - one that is not subject to the tariff,” said Magnus, Deringer says on its website that it is the largest privately held customs broker in North America..
U.S. imports from China that will be most affected by tariffs include cell phones, telecommunications equipment, toys and sporting equipment, while U.S. exports to China that will be hit include civil aircraft, plane engines, cars and soybeans. One medium-sized U.S. gardening equipment supplier which has just hired a logistics expert is considering “complete knock-downs” for products that may be affected by tariffs, said a person with direct knowledge of the matter. That would mean products sold by the firm that are usually made in China would instead be shipped to the United States as individual components before being assembled there, thus avoiding tariffs on the finished items, he said.
The source declined to scuba helmet cufflinks be identified as he was not authorized to speak to media and did not want the company to be named due to the sensitivity of the matter, Meanwhile, Chinese import and export consultancy ETCN in the first-half of 2018 saw a 40 percent on-year increase in U.S, users of its website, which sets out compliance and customs information, The firm charges different rates for services ranging from access to real-time tariff information and trade data to an online database of company trade histories..