DETROIT (Reuters) – Ford Motor Co on Thursday posted a better-than-expected first-quarter as pickup truck sales remained strong in its core U.S. market and the company expressed greater confidence in its forecast that 2019 would bring better results than last year. FILE PHOTO: The Ford logo is seen at the North American International Auto Show… Continue reading UPDATE 2-Ford Q1 profit beats Wall St view, more confident of stronger ’19
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UPDATE 1-Ford Q1 profit beats Wall St view, more confident of stronger ’19
(Adds details, background) By Nick Carey and Paul Lienert DETROIT, April 25 (Reuters) – Ford Motor Co on Thursday posted a better-than-expected first-quarter as pickup truck sales remained strong in its core U.S. market and the company expressed greater confidence in its forecast that 2019 would bring better results than last year. Ford has launched… Continue reading UPDATE 1-Ford Q1 profit beats Wall St view, more confident of stronger ’19
Uber back on the road in Slovakia after court ban
BRATISLAVA, April 25 (Reuters) – Uber resumed operations in Slovakia’s capital Bratislava on Thursday, a year after a court ban, the ride-hailing company said. A Slovak court ordered Uber to suspend its operations in March 2018 amid taxi drivers’ protests that the service represented unfair competition. Slovakia has since passed legislation that allows Uber to… Continue reading Uber back on the road in Slovakia after court ban
PSA quarterly revenue declines as sales collapse in Iran and China
French carmaker PSA Group said first-quarter revenue fell 1.1 percent, as sales continued to decline in China and were also impacted by the Peugeot maker’s withdrawal from Iran. Go to Source
Ex-Nissan boss Ghosn to walk free again after posting $4.5 million bail
TOKYO (Reuters) – Former Nissan Motor Chairman Carlos Ghosn was set to walk out of a Japanese detention center for a second time since his arrest last year on financial misconduct charges, after posting the $4.5 million bail set by a Tokyo court on Thursday. FILE PHOTO : Former Nissan Motor Chairman Carlos Ghosn sits… Continue reading Ex-Nissan boss Ghosn to walk free again after posting $4.5 million bail
Panasonic may upgrade Japan plant to make advanced Tesla batteries -source
FILE PHOTO: Panasonic Corp’s logo is pictured at Panasonic Center in Tokyo, Japan, Feb. 2, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Panasonic Corp may upgrade one of its battery plants in Japan to produce advanced-format battery cells for Tesla Inc if needed by the U.S. electric vehicle (EV) maker, a person familiar with the matter… Continue reading Panasonic may upgrade Japan plant to make advanced Tesla batteries -source
Tesla’s Musk ‘sees merit’ in capital raise, vows profit in third quarter after large loss
(Reuters) – Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third. FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in… Continue reading Tesla’s Musk ‘sees merit’ in capital raise, vows profit in third quarter after large loss
UPDATE 6-Tesla’s Musk ‘sees merit’ in capital raise, vows profit in Q3 after large loss
(Reuters) – Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai,… Continue reading UPDATE 6-Tesla’s Musk ‘sees merit’ in capital raise, vows profit in Q3 after large loss
Tesla solar installations slide 36 percent in first quarter
April 24 (Reuters) – Tesla Inc on Wednesday reported a 36 percent slide in solar installations and said it had implemented a new selling strategy months after ending a partnership to sell the rooftop systems in busy Home Depot stores. In its first-quarter investor letter, Tesla said solar deployments were 47 megawatts during the period,… Continue reading Tesla solar installations slide 36 percent in first quarter
Tesla promises return to profit in third quarter after large loss, may raise more capital
(Reuters) – Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the third quarter as it cuts costs and improves delivery after facing issues ramping up shipments outside the United States. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in… Continue reading Tesla promises return to profit in third quarter after large loss, may raise more capital