(Reuters) – Tesla Inc’s (TSLA.O) energy unit has lost two major executives, Bloomberg reported on Tuesday, citing people familiar with the matter. The company logo is seen in front of a showroom of U.S. car manufacturer Tesla in Zurich, Switzerland March 28, 2018. REUTERS/Arnd Wiegmann Arch Padmanabhan, the product director for Tesla’s stationary storage unit,… Continue reading UPDATE 1-Tesla loses two top executives at energy unit – Bloomberg
Author: Ritters US Newsfeed
Tesla plans six-day stoppage at factory for assembly line fixes: sources
SAN FRANCISCO (Reuters) – Tesla Inc (TSLA.O) will pause production at its California factory for six days at the end of the May to work on fixes to its assembly line for its new Model 3 sedan, sources inside the company told Reuters. A Tesla logo is seen in Los Angeles, California U.S. January 12,… Continue reading Tesla plans six-day stoppage at factory for assembly line fixes: sources
Fiat Chrysler CEO reprimands colleague for commenting on emissions
WASHINGTON (Reuters) – Fiat Chrysler Chief Executive Officer Sergio Marchionne reprimanded the company’s top U.S. spokesman for issuing press releases about Fiat’s vehicle emissions practices days after Volkswagen’s (VOWG_p.DE) disclosure in September 2015 that the German automaker had used illegal software to evade emissions tests, documents released Monday show. FILE PHOTO: Sergio Marchionne, CEO, Fiat… Continue reading Fiat Chrysler CEO reprimands colleague for commenting on emissions
UPDATE 6-Musk says ‘thorough reorganization’ underway at Tesla
WASHINGTON (Reuters) – Tesla Inc (TSLA.O) chief Elon Musk told employees on Monday the company was undergoing a “thorough reorganization” as it contends with production problems, senior staff departures and recent crashes involving its electric cars. In his email to staff, Musk said Tesla was “flattening the management structure to improve communication,” combining functions and… Continue reading UPDATE 6-Musk says ‘thorough reorganization’ underway at Tesla
Tesla registers Shanghai electric car firm ahead of ownership rule change
SHANGHAI (Reuters) – Tesla Inc has registered a new electric car firm in Shanghai, as China prepares to scrap rules on capping foreign ownership of new-energy vehicle (NEV) ventures. FILE PHOTO: A man looks at a Tesla Model S car at its showroom in Beijing, China January 29, 2014. REUTERS/Kim Kyung-Hoon/File Photo The new company,… Continue reading Tesla registers Shanghai electric car firm ahead of ownership rule change
German regulator says Geely’s Daimler stake needed earlier disclosure -report
FRANKFURT (Reuters) – German markets regulator BaFin has found that transactions to buy a 9.69 percent Daimler stake on behalf of Geely chairman Li Shufu did not meet German disclosure rules, Germany’s Frankfurter Allgemeine Zeitung said. Investment bank Morgan Stanley should have disclosed its transactions on Feb. 22, 2018 rather than on Feb. 23, Frankfurter… Continue reading German regulator says Geely’s Daimler stake needed earlier disclosure -report
Tesla engineering head, Doug Field, takes break from company
May 11 (Reuters) – Tesla Inc Senior Vice President of Engineering Doug Field is taking a break from work but is not leaving the company, a Tesla spokesman confirmed to Reuters. “Doug is just taking some time off to recharge and spend time with his family. He has not left Tesla,” the spokesman said on… Continue reading Tesla engineering head, Doug Field, takes break from company
CORRECTED-UPDATE 1-Ford could reopen two U.S. truck plants next Friday -source
(Reuters) – Ford Motor Co (F.N) could resume production of its best-selling F-150 pickups as early as Friday, May 18 in Dearborn and Kansas City, according to a source familiar with the automaker’s plans. FILE PHOTO: A 2018 Ford F-150 “King Ranch” pickup truck is displayed during the North American International Auto Show in Detroit,… Continue reading CORRECTED-UPDATE 1-Ford could reopen two U.S. truck plants next Friday -source
Mercedes says parts shortages cause Alabama SUV production halt
May 11 (Reuters) – Mercedes-Benz said on Friday that SUV production at its Alabama plant stopped on Thursday because of parts shortages after a supplier fire last week in Michigan. Mercedes said the Alabama plant will reopen next week on a “modified production schedule.” (Reporting by Paul Lienert in Detroit; editing by Jonathan Oatis) Go… Continue reading Mercedes says parts shortages cause Alabama SUV production halt
UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source
NEW YORK/STOCKHOLM/BEIJING (Reuters) – The Chinese owner of Volvo Cars has hired three investment banks for an initial public offering (IPO) this year that could value the Swedish carmaker in a broad range of $16 billion to $30 billion, a person familiar with the matter said on Thursday. FILE PHOTO: The Volvo logo is seen… Continue reading UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source