(Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk acknowledged on Friday that it was “foolish” of him to snub analysts on a conference call earlier in the week, but further needled Wall Street with a series of accusatory tweets. In a post-earnings call on Wednesday, Musk refused to answer questions from analysts on… Continue reading UPDATE 3-Tesla’s Musk calls Wall Street snub ‘foolish’ but defends his behavior
Author: Ritters US Newsfeed
UPDATE 1-Motor racing-Agag makes 600m euro bid for Formula E
LONDON (Reuters) – Formula E founder and chief executive Alejandro Agag has made a 600 million euro ($716.34 million) bid to take full ownership of the company, the all-electric series said on Friday. FILE PHOTO: Alejandro Agag, Formula E CEO, speaks during an interview with Reuters ahead of round four of the Formula E championship… Continue reading UPDATE 1-Motor racing-Agag makes 600m euro bid for Formula E
UPDATE 3-Ex-Volkswagen CEO Winterkorn charged in U.S. over diesel scandal
WASHINGTON (Reuters) – The U.S. Justice Department on Thursday disclosed the filing of criminal charges against former Volkswagen AG (VOWG_p.DE) Chief Executive Martin Winterkorn, accusing him of conspiring to cover up the German automaker’s diesel emissions cheating. Former Volkswagen chief executive Martin Winterkorn leaves after testifying to a German parliamentary committee on the carmaker’s emissions… Continue reading UPDATE 3-Ex-Volkswagen CEO Winterkorn charged in U.S. over diesel scandal
Ex-Volkswagen CEO Winterkorn charged in U.S. over diesel scandal
WASHINGTON (Reuters) – Former Volkswagen chief executive Martin Winterkorn was charged in federal court in Detroit with conspiring to mislead regulators about the German automaker’s diesel emissions cheating. Former Volkswagen chief executive Martin Winterkorn leaves after testifying to a German parliamentary committee on the carmaker’s emissions scandal in Berlin, Germany, January 19, 2017. REUTERS/Hannibal Hanschke… Continue reading Ex-Volkswagen CEO Winterkorn charged in U.S. over diesel scandal
VW still looking at whether to spin-off assets: CEO
BERLIN (Reuters) – Volkswagen (VOWG_p.DE) is still looking at whether to spin off assets such as motorcycle maker Ducati and transmissions maker Renk, its new chief executive said, as the autos group strives to streamline its operations and become more efficient. Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in… Continue reading VW still looking at whether to spin-off assets: CEO
GM bets on 3D printers for cheaper and lighter car parts
DETROIT, May 3 (Reuters) – General Motors Co said on Thursday it was working with design software company Autodesk Inc to manufacture new, lightweight 3D-printed parts that could help the automaker meet its goals to add alternative-fuel vehicles to its product lineup. Last year, the company announced ambitious plans to add 20 new electric battery… Continue reading GM bets on 3D printers for cheaper and lighter car parts
Tesla posts quarterly loss, Model 3 production on track
(Reuters) – Tesla Inc (TSLA.O) on Wednesday posted its worst ever quarterly loss and said its Model 3 production target remains on track, expecting about 5,000 per week in about two months. A Tesla Model 3 car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25,… Continue reading Tesla posts quarterly loss, Model 3 production on track
GM to provide loans to Korean unit, state-run bank to receive shares: sources
SEOUL (Reuters) – General Motors’ (GM.N) planned $3.6 billion cash infusion to rescue its South Korean business will be in the form of loans, while Korea Development Bank (KDB) will receive preference shares for its $750 million investment in GM Korea, two sources familiar with the matter said on Wednesday. FILE PHOTO: An employee works… Continue reading GM to provide loans to Korean unit, state-run bank to receive shares: sources
BRIEF-Zotye Automobile Signs MoU With Ford Motor’s Unit, To Set Up JV In Zhejiang
May 2 (Reuters) – Zotye Automobile Co Ltd: * SAYS IT SIGNS MOU WITH FORD MOTOR’S UNIT FORD SMART MOBILITY * SAYS IT PLANS TO SET UP JV IN ZHEJIANG PROVINCE WITH REGISTERED CAPITAL OF $20 MILLION WITH FORD SMART MOBILITY Source text in Chinese: bit.ly/2reopWd Further company coverage: (Reporting by Hong Kong newsroom) Go… Continue reading BRIEF-Zotye Automobile Signs MoU With Ford Motor’s Unit, To Set Up JV In Zhejiang
Nikola Motor sues Tesla alleging design patent violation
(Reuters) – Nikola Motor Co, which makes hydrogen-powered semi trucks, filed a lawsuit on Tuesday against electric automaker Tesla Inc (TSLA.O) alleging design patent infringements. A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018. REUTERS/Hannah McKay Tesla’s Semi, its first electric heavy duty truck, is “substantially” similar to Nikola’s… Continue reading Nikola Motor sues Tesla alleging design patent violation