FILE PHOTO: A Tesla logo is seen on a wheel rim during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc on Monday said it had sent a team to investigate a video on Chinese social media which… Continue reading Tesla says investigating incident of parked car exploding in Shanghai
Author: Ritters US Newsfeed
Tesla to shrink board to seven directors from 11
(Reuters) – Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Brad Buss, Antonio Gracias, Stephen… Continue reading Tesla to shrink board to seven directors from 11
Fiat Chrysler recalls 320,000 Dart cars that could roll away
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said Friday it is recalling more than 320,000 Dodge Dart compact cars in North America that could roll away because of a defective part… Continue reading Fiat Chrysler recalls 320,000 Dart cars that could roll away
Carlos Ghosn to be indicted on additional charge: NHK
FILE PHOTO: Former Nissan Motor Chairman Carlos Ghosn accompanied by his wife Carole Ghosn, arrives at his place of residence in Tokyo, Japan, March 8, 2019. REUTERS/Issei Kato TOKYO (Reuters) – Tokyo prosecutors are likely to indict former Nissan Motor Co Ltd boss Carlos Ghosn on an additional charge of aggravated breach of trust as… Continue reading Carlos Ghosn to be indicted on additional charge: NHK
UPDATE 1-Uber’s self-driving unit valued at $7.25 bln in new investment
SAN FRANCISCO (Reuters) – Uber’s autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September… Continue reading UPDATE 1-Uber’s self-driving unit valued at $7.25 bln in new investment
Nissan to cut global production by 15 percent – Nikkei
The logo of Nissan is seen on a car during the Prague Autoshow in Prague, Czech Republic, April 13, 2019. REUTERS/David W Cerny (Reuters) – Nissan Motor Co Ltd will cut global production by about 15 percent for the fiscal year ending March 2020 as the company shifts away from the aggressive expansion campaign promoted… Continue reading Nissan to cut global production by 15 percent – Nikkei
Tesla’s Elon Musk, SEC seek more time from court to work out deal on Twitter use
NEW YORK, April 18 (Reuters) – Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission are seeking more time from a federal court to settle a dispute over Musk’s use of Twitter, according to a court filing Thursday. A federal judge in Manhattan on April 4 ordered Musk and the agency,… Continue reading Tesla’s Elon Musk, SEC seek more time from court to work out deal on Twitter use
Daimler to seek 6 billion euros in cost savings at Mercedes: Manager Magazin
FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke FRANKFURT (Reuters) – Daimler is seeking 6 billion euros ($6.75 billion) in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at Daimler Trucks division, Manager… Continue reading Daimler to seek 6 billion euros in cost savings at Mercedes: Manager Magazin
Mahindra signs deal with Ford Motor to make midsize SUVs in India
FILE PHOTO: The logo is seen on the bonnet of a new Ford Aspire car during its launch in New Delhi, India, October 4, 2018. REUTERS/Anushree Fadnavis (Reuters) – Automaker Mahindra and Mahindra Ltd signed a deal with Ford Motor Co’s Indian unit to jointly develop midsize sports utility vehicles in India, the company said… Continue reading Mahindra signs deal with Ford Motor to make midsize SUVs in India
GM says Cadillac brand points to strong growth in China
A woman walks past a board with a sign of Cadillac of GM during the media day for Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song (Reuters) – General Motors’ luxury Cadillac brand is enjoying strong growth in China, the No.1 U.S. automaker said at a conference on Wednesday in New York.… Continue reading GM says Cadillac brand points to strong growth in China