DETROIT (Reuters) – Volkswagen AG (VOWG_p.DE) unit Electrify America said on Tuesday it has selected several suppliers, including Switzerland’s ABB LtdS> and South Korea’s Signet EV Inc, to install more than 2,000 high-speed electric vehicle chargers in the United States by the end of 2019. The chargers will be installed at 484 charging stations across… Continue reading VW unit Electrify America selects suppliers for U.S. EV chargers
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BRIEF-Carvana Says In Connection With Deal To Acquire Car360, Unit Paid About $6.7 Mln & Issued 930,047 New Class A Common Units
April 17 (Reuters) – Carvana Co: * CARVANA SAYS IN CONNECTION WITH DEAL TO ACQUIRE CAR360, UNIT PAID ABOUT $6.7 MILLION & ISSUED 930,047 NEW CLASS A COMMON UNITS – SEC FILING Source text: (bit.ly/2EUly9B) Further company coverage: (Reuters.Briefs@thomsonreuters.com) Go to Source
UPDATE 2-China to scrap foreign auto ownership limits by 2022
BEIJING/SHANGHAI (Reuters) – China will scrap foreign ownership caps on local auto companies by 2022 and will remove restrictions on new-energy vehicle ventures this year, a major shift that will open the market wider to carmakers from Nissan (7201.T) to Tesla Inc (TSLA.O). FILE PHOTO: Cars are parked at the Great Hall of the People… Continue reading UPDATE 2-China to scrap foreign auto ownership limits by 2022
UPDATE 1-VW’s trucks division open to buying majority of Navistar -CFO
MUNICH (Reuters) – Volkswagen (VOWG_p.DE) is open to buying at some point a majority stake in U.S. truckmaker Navistar International Corp (NAV.N) as it pushes to expand its truck division’s global presence and tap capital markets. FILE PHOTO: A VW sign is seen outside a Volkswagen dealership in London, Britain November 5, 2015. REUTERS/Suzanne Plunkett/File… Continue reading UPDATE 1-VW’s trucks division open to buying majority of Navistar -CFO
VW trucks division open to taking over Navistar -CFO
MUNICH (Reuters) – Volkswagen’s (VOWG_p.DE) heavy-truck division sees taking over U.S. commercial truck partner Navistar International Corp (NAV.N) would to eventually make sense. FILE PHOTO: A VW sign is seen outside a Volkswagen dealership in London, Britain November 5, 2015. REUTERS/Suzanne Plunkett/File Photo VW’s truck and bus division acquired a 16.9 percent stake in Navistar… Continue reading VW trucks division open to taking over Navistar -CFO
UPDATE 4-Musk insists Tesla does not need more capital, predicts profit soon
(Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker higher. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder… Continue reading UPDATE 4-Musk insists Tesla does not need more capital, predicts profit soon
BRIEF-Elon Musk in response to CBS report tweets – “Yes, excessive automation at Tesla was a mistake”
* “YES, EXCESSIVE AUTOMATION AT TESLA WAS A MISTAKE. TO BE PRECISE, MY MISTAKE. HUMANS ARE UNDERRATED” Further company coverage: Go to Source
BRIEF-GM Cuts Several Hundred Jobs At Ohio Plant As Car Sales Continue To Slide -CNBC
* GM CUTS SEVERAL HUNDRED JOBS AT OHIO PLANT AS CAR SALES CONTINUE TO SLIDE -CNBC Source : [https://cnb.cx/2qw8cMo] Further company coverage: Go to Source
UPDATE 2-Musk says Tesla will be profitable in Q3, Q4
(Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker higher. FILE PHOTO: A Tesla dealership is seen in West Drayton, just outside London,… Continue reading UPDATE 2-Musk says Tesla will be profitable in Q3, Q4
UPDATE 1-Musk says Tesla will be profitable in Q3, Q4
(Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker up to 3 percent higher. FILE PHOTO: A Tesla dealership is seen in West… Continue reading UPDATE 1-Musk says Tesla will be profitable in Q3, Q4