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Tesla: German plant reducing shifts, production targets on track

[1/2] A general view shows the Tesla Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. REUTERS/Annegret Hilse BERLIN, June 15 (Reuters) – Tesla (TSLA.O) will hire fewer temporary workers at its plant outside Berlin than it did in its ramp-up phase and refrain from Saturday shifts, but it is still on track to achieve… Continue reading Tesla: German plant reducing shifts, production targets on track

Some 85% of Toyota shareholders vote to re-elect Toyoda at annual meet

TOKYO, June 15 (Reuters) – About 85% of Toyota Motor’s (7203.T) shareholders voted to re-elect Chairman Akio Toyoda to the automaker’s board of directors at an annual general meeting, the company said on Thursday, for his lowest approval rating in at least five years. Support for Toyoda, the grandson of the founder of the world’s… Continue reading Some 85% of Toyota shareholders vote to re-elect Toyoda at annual meet

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SAN FRANCISCO, June 15 (Reuters) – Alphabet Inc (GOOGL.O) is cautioning employees about how they use chatbots, including its own Bard, at the same time as it markets the program around the world, four people familiar with the matter told Reuters. The Google parent has advised employees not to enter its confidential materials into AI… Continue reading Untitled

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BRUSSELS, June 14 (Reuters) – Alphabet’s (GOOGL.O) Google may have to sell part of its lucrative adtech business to address concerns about anti-competitive practices, EU regulators said on Wednesday, threatening the company with its harshest regulatory penalty to date. The European Commission set out its charges in a statement of objections to Google two years… Continue reading article with gallery

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Volkswagen passenger cars targeting 10 bln euros higher earnings via cost cuts

BERLIN, June 14 (Reuters) – Volkswagen’s (VOWG_p.DE) passenger car brand aims to increase earnings by around 10 billion euros ($10.82 billion) by 2026 to hit its return on sales target of 6.5%, Chief Financial Officer Arno Antlitz posted on LinkedIn on Wednesday. Production of vehicles in the passenger car brand, Commercial Vehicles, SEAT, Cupra and… Continue reading Volkswagen passenger cars targeting 10 bln euros higher earnings via cost cuts

Why are other automakers chasing Tesla’s ‘Gigacasting’?

[1/2] The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo June 14 (Reuters) – Toyota Motor (7203.T) said this week it will adopt a technology Tesla (TSLA.O) pioneered known as “Gigacasting” as part of a strategy by the Japanese automaker to improve the performance… Continue reading Why are other automakers chasing Tesla’s ‘Gigacasting’?

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SAN FRANCISCO, June 13 (Reuters) – Amazon Web Services (AMZN.O), the world’s largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc (AMD.O), though it has not made a final decision, an AWS executive told Reuters. The remarks came during an AMD event where the chip company outlined its… Continue reading Untitled