NEW YORK (Reuters) – Short-sellers who had targeted Tesla Inc (TSLA.O) logged a $700 million paper profit on Thursday after the stock fell nearly 9 percent a day after Chief Executive Elon Musk stunned analysts by dodging “boring” questions about the electric car maker’s financial outlook. The windfall wiped out short-sellers’ 2018 losses on Tesla,… Continue reading UPDATE 1-Musk’s conduct, Tesla stock slide make $700 mln profit for short-sellers
Author: Pininfarina Official News
Brabham BT62: 700bhp track-only hypercar revealed
The new Brabham BT62, a McLaren Senna-rivalling 700bhp track-only hypercar, has been launched at Australia House in London, with its maker claiming the car will “reward like no other”. Priced at £1 million before taxes and options, the BT62 is the first car from Brabham Automotive, which is run by former Formula 1 racer and… Continue reading Brabham BT62: 700bhp track-only hypercar revealed
UPDATE 3-T-Mobile agrees to acquire Sprint for $26 bln
(Reuters) – T-Mobile US Inc agreed on Sunday to acquire peer Sprint Corp, in a $26 billion all-stock deal that will combine the third and fourth largest U.S. wireless carriers and is expected to attract regulatory scrutiny over its impact on consumers. Smartphones with the logos of T-Mobile and Sprint are seen in this illustration… Continue reading UPDATE 3-T-Mobile agrees to acquire Sprint for $26 bln
Solid-State LiDAR from Magna & Innoviz for BMW Group
On the road to developing autonomous technologies, perhaps nothing is more important than the vehicle being able to see the world around it. To help meet this challenge, Magna and its partner, Innoviz Technologies, will supply the BMW Group with solid-state LiDAR for upcoming autonomous vehicle production platforms. Magna and its partner, Innoviz Technologies, will… Continue reading Solid-State LiDAR from Magna & Innoviz for BMW Group
BRIEF-Fiat Chrysler sees double digit profit margins in Latam by 2022
April 26 (Reuters) – Fiat Chrysler CEO Sergio Marchionne says: * LATAM REGION PROFIT MARGINS COULD GET TO DOUBLE DIGITS BY 2022 * DEALING WITH EMEA REGION BIGGEST CHALLENGE FOR NEW BUSINESS PLAN, WILL BE SINGLE BIGGEST DRIVER FOR REPOSITIONING OF GROUP Further company coverage: (Reporting by Milan newsroom) Go to Source Go to Source
Go-Jek is in talks with former Uber ally ComfortDelGro, Singapore’s top taxi firm
ComfortDelGro, Singapore’s largest taxi operator, has held talks with Go-Jek about a potential partnership that could replace its annulled agreement with Uber. Uber struck a major deal when it tied up with Comfort last December, but that fell apart last month when the U.S. firm agreed to sell its Southeast Asia business to Grab and… Continue reading Go-Jek is in talks with former Uber ally ComfortDelGro, Singapore’s top taxi firm
General Motors firing 1500 workers undermines Trump’s boasts on auto jobs
The job cuts fly in the face of Trump’s repeated claims that he’s spurring a renaissance in US auto factory jobs General Motors Co. will fire as many as 1,500 workers at the end of June at the Ohio factory building the Chevrolet Cruze compact car, undercutting President Donald Trump’s bombast about bringing back auto… Continue reading General Motors firing 1500 workers undermines Trump’s boasts on auto jobs
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Pininfarina Home Design debuts at Design Shanghai
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