BEIJING — China’s antitrust regulator on Wednesday announced a fine of around $25 million on Ford’s main joint venture in the country, the latest action against an American company amid the widening economic battle between China and the United States. The fine on Changan Ford, which is owned equally by the Detroit automaker and a… Continue reading Ford Is Fined in China as Trade Fight With U.S. Rages
Author: New York Times Online News
Elon Musk and S.E.C. Reach New Accord, Lifting Cloud Over Tesla
If it was not already clear, securities regulators are giving Elon Musk, the chief executive of Tesla, a laundry list of things he cannot riff about on Twitter. A revised agreement between Mr. Musk and the Securities and Exchange Commission, filed in federal court in Manhattan on Friday, spells out just when Mr. Musk must… Continue reading Elon Musk and S.E.C. Reach New Accord, Lifting Cloud Over Tesla
Uber, Losing $1.8 Billion a Year, Reveals I.P.O. Filing
SAN FRANCISCO — Uber, the ride-hailing service that has upended transportation around the world, took a major step toward the largest initial public offering in years when it officially unveiled its finances in a prospectus on Thursday. The offering, which could value Uber at around $100 billion, is expected to reverberate through global financial markets… Continue reading Uber, Losing $1.8 Billion a Year, Reveals I.P.O. Filing
Inside the Tensions at Carlos Ghosn’s Nissan
TOKYO — It was 2011, and Carlos Ghosn was preparing his automotive empire for its most ambitious phase yet. Under his plan, within five years, one of every 12 cars sold around the world would be made by Nissan of Japan. To achieve that goal and cut costs relentlessly, he said, Nissan would have to… Continue reading Inside the Tensions at Carlos Ghosn’s Nissan
Tesla Swerves on Strategy, Trailed by Growing Doubts
Tesla’s sleek stores embodied its green vision for upending the transportation and energy business: a one-stop shop for electric cars, solar panels and battery storage. Less than three months ago, the company announced 11 new store locations across the country. Now Tesla is in retreat, shuttering most of its stores in a bid to cut… Continue reading Tesla Swerves on Strategy, Trailed by Growing Doubts
Tesla Shaken by a Departure and What Elon Musk Was Smoking
Tesla shares dropped sharply on Friday after the electric-car company disclosed that its chief of accounting was leaving the company only weeks after coming aboard. The upheaval in the executive ranks emerged hours after the company’s chief executive, Elon Musk, appeared live on YouTube taking a deep drag on what appeared to be a marijuana… Continue reading Tesla Shaken by a Departure and What Elon Musk Was Smoking
Elon Musk Details ‘Excruciating’ Personal Toll of Tesla Turmoil
Elon Musk was at home in Los Angeles, struggling to maintain his composure. “This past year has been the most difficult and painful year of my career,” he said. “It was excruciating.” The year has only gotten more intense for Mr. Musk, the chairman and chief executive of the electric-car maker Tesla, since he abruptly… Continue reading Elon Musk Details ‘Excruciating’ Personal Toll of Tesla Turmoil
Elon Musk Says Meetings With Saudis Preceded Tweet on Taking Tesla Private
Elon Musk, Tesla’s chief executive, said on Monday that he had held meetings with representatives of a Saudi sovereign wealth fund who expressed an eagerness to help him take the electric-car maker private. Writing in a post on Tesla’s corporate blog, Mr. Musk offered his fullest explanation yet for what he said were the circumstances… Continue reading Elon Musk Says Meetings With Saudis Preceded Tweet on Taking Tesla Private
Uber Hit With Cap as New York City Takes Lead in Crackdown
New York is the latest city to grapple with questions over how to regulate the company. In London, Uber’s most lucrative European market, Uber recently regained its taxi license after the company agreed to stricter regulations, including providing the city with traffic data. Uber has also faced regulatory battles in American cities, like Austin, Tex.,… Continue reading Uber Hit With Cap as New York City Takes Lead in Crackdown
Stop Uber From Flooding New York
On Tuesday evening, the New York City Council introduced a bill to place a temporary cap on the number of for-hire vehicles — the kind provided by services like Uber and Lyft — allowed on the city’s streets. It’s about time: In recent years these cars have flooded New York, clogging our streets and driving… Continue reading Stop Uber From Flooding New York