Defeat

Shares in Hyundai Motor and its affiliate Kia plunged on Wednesday, as German authorities raided the carmakers' local offices over suspicions they had installed defeat devices on some of their combustion cars.On Wednesday, Hyundai plunged 5.7% to 175,500 won ($135.17), and Kia plummeted 6.1% to 76,900 won.Among other affiliates, auto parts maker Hyundai Mobis Co. fell 3.6% to 199,000 won, and logistics firm Hyundai Glovis Co. shed 1.1% to 183,000 won, reports Yonhap news agency.Hyundai confirmed the raid by German…

Billionaire Elon Musk on Friday put on hold his $44 billion (roughly Rs. 3,40,800 crore) takeover plan for Twitter, as he waited for details on the microblogging platform's claim that fake accounts comprise less than 5 percent of users.Musk, who has made weeding out fake Twitter accounts and spam bots the central theme of his takeover plan, said if he buys the social-media platform he "will defeat the spam bots or die trying".He has constantly blamed the company's over-reliance on advertising for the relentless spread of…