(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 UPDATE 4-Tesla promises return to profit in Q3 after first-half losses
Author: Ritters US Newsfeed
UPDATE 2-Tesla promises return to profit after first-half losses
FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song (Reuters) – Tesla Inc said on Wednesday it would return to profit in the third quarter of 2019 after racking up two consecutive losses in the first half of the year, as… Continue reading UPDATE 2-Tesla promises return to profit after first-half losses
Tesla’s Musk says considering building factory in Germany
FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song (Reuters) – Tesla Inc Chief Executive Officer Elon Musk said on Wednesday he was considering building a factory in Germany, responding to a user’s suggestion on Twitter. The electric carmaker is scheduled to report… Continue reading Tesla’s Musk says considering building factory in Germany
UPDATE 3-Ford Motor to put $500 mln into electric vehicle startup Rivian
(Reuters) – Ford Motor Co said on Wednesday it will invest $500 million in U.S. electric vehicle startup Rivian Automotive LLC, joining Amazon.com Inc in backing the potential rival to Silicon Valley’s Tesla Inc. FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto… Continue reading UPDATE 3-Ford Motor to put $500 mln into electric vehicle startup Rivian
UPDATE 2-Ford Motor to put $500 mln into electric vehicle startup Rivian
(Reuters) – Ford Motor Co said on Wednesday it will invest $500 million in U.S. electric vehicle startup Rivian Automotive LLC, joining Amazon.com Inc in backing the potential rival to Silicon Valley’s Tesla Inc. FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto… Continue reading UPDATE 2-Ford Motor to put $500 mln into electric vehicle startup Rivian
UPDATE 1-Ford Motor puts $500 mln into electric pickup producer Rivian
(Reuters) – Ford Motor said on Wednesday it was investing $500 million in U.S. electric pickup truck startup Rivian Automotive LLC, becoming the latest deep pocket investor in the firm, which is seen as a potential rival to Silicon Valley’s Tesla Inc (TSLA.O). FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric… Continue reading UPDATE 1-Ford Motor puts $500 mln into electric pickup producer Rivian
Uber’s Amit Jain to leave, co names new Asia-Pacific unit chief
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay BENGALURU (Reuters) – Uber Technologies Inc said on Wednesday the head of its Asia-Pacific operations will leave the company at the end of next month, and will be replaced by Pierre-Dimitri Gore-Coty. Amit Jain had joined the… Continue reading Uber’s Amit Jain to leave, co names new Asia-Pacific unit chief
Adding to Ghosn woes, Nissan set to further slash profit outlook: report
TOKYO (Reuters) – Nissan Motor Co Ltd could be heading for a bigger-than-expected earnings drop due to weakness in its top markets, just as it adjusts to a future without Carlos Ghosn and grapples with the outlook of its alliance with France’s Renault SA. FILE PHOTO: A Nissan logo is pictured during the media day… Continue reading Adding to Ghosn woes, Nissan set to further slash profit outlook: report
Didi-SoftBank taxi-hailing JV expands to 13 cities across Japan
FILE PHOTO: The logos of Didi Chuxing and SoftBank are pictured during a news conference about their Japanese taxi-hailing joint venture in Tokyo, Japan, July 19, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Didi Mobility Japan, a joint venture (JV) by China’s Didi Chuxing and SoftBank Corp, said on Wednesday that it would expand its taxi-hailing… Continue reading Didi-SoftBank taxi-hailing JV expands to 13 cities across Japan
Analysts at Lyft underwriters say buy falling stock
(Reuters) – Wall Street’s public opinion of Lyft Inc took a major turn for the positive on Tuesday, after analysts at many of the banks that worked on its initial public offering urged clients to buy the ride hailer’s underperforming shares. The Lyft logo is seen on a parked Lyft Scooter in Washington, U.S., March… Continue reading Analysts at Lyft underwriters say buy falling stock