Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car, Shanghai, China January 7, 2020. REUTERS/Aly Song Summary Companies Related documents Musk discussed deal with private equity executive Investors want him to appear for deposition Lawsuit seeks damages over Musk’s 2018 “funding secured” tweet The company and… Continue reading Tesla investors want financier to dish on Musk’s going private tweet
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Tesla agrees to pay $1.5 million to settle claims over battery voltage reduction
July 29 (Reuters) – Tesla Inc (TSLA.O) has agreed to pay $1.5 million to settle claims a software update temporarily reduced maximum battery voltage in 1,743 Model S sedans, court documents show. Owners of the vehicles will get $625 each, which is “many times the prorated value of the temporarily reduced maximum voltage,” according to… Continue reading Tesla agrees to pay $1.5 million to settle claims over battery voltage reduction
China’s electric vehicle makers report strong July sales
People stand near the logo of Chinese electric vehicle (EV) maker Li Auto at a product launch event in Beijing, China May 25, 2021. Picture taken May 25, 2021. REUTERS/Yilei Sun Aug 2 (Reuters) – Electric vehicle sales at China’s Li Auto and Xpeng Inc more than tripled in July from a year ago, while… Continue reading China’s electric vehicle makers report strong July sales
Autos & Transportation · 12:10 PM UTCFerrari sticks to 2021 targets after strong Q2Ferrari (RACE.MI) stuck to its main 2021 targets on Monday, despite…
Ferrari’s latest limited-edition special series is seen in this handout photo obtained by Reuters on April, 21, 2021. Ferrari/Handout via REUTERS FY cash flow guidance raised to around 450 mln euros Forecasts on FY revenues and adj. EBITDA unchanged Adj. EBITDA at 386 mln euros in Q2 MILAN, Aug 2 (Reuters) – Ferrari (RACE.MI) stuck… Continue reading Autos & Transportation · 12:10 PM UTCFerrari sticks to 2021 targets after strong Q2Ferrari (RACE.MI) stuck to its main 2021 targets on Monday, despite…
Autos & Transportation · 12:11 AM UTCRenault locks in lithium supply from Vulcan Energy in five-year dealGerman-Australian start-up Vulcan Energy Reso…
A 100% Electric logo is seen on a Renault Kangoo ZE electric utility vehicle at a Renault automobile dealership in Cagnes-Sur-Mer, France, October 22, 2020. REUTERS/Eric Gaillard/File Photo Aug 2 (Reuters) – German-Australian start-up Vulcan Energy Resources Ltd (VUL.AX) said on Monday it has signed a deal to supply lithium to Renault SA (RENA.PA), the… Continue reading Autos & Transportation · 12:11 AM UTCRenault locks in lithium supply from Vulcan Energy in five-year dealGerman-Australian start-up Vulcan Energy Reso…
Autos & Transportation · 9:50 AM UTCAmazon-backed Rivian in talks with ministers over UK factory -Sky NewsAmazon.com Inc-backed electric vehicle start…
July 31 (Reuters) – Amazon.com Inc-backed electric vehicle start-up Rivian Automotive is in talks with ministers about building a factory in the UK that could include a big state support package, Sky News reported on Saturday. The company, which is also backed by Ford Motor Co (F.N), has been in negotiations with the British government… Continue reading Autos & Transportation · 9:50 AM UTCAmazon-backed Rivian in talks with ministers over UK factory -Sky NewsAmazon.com Inc-backed electric vehicle start…
Daimler to keep 35% stake as trucks business goes solo
By Christoph Steitz 3 Min Read FRANKFURT (Reuters) -Daimler will keep a 35% stake in the trucks division it plans to spin off this year, the luxury carmaker said on Friday, giving more details on a landmark corporate split it hopes will boost share values. FILE PHOTO: Daimler AG sign is pictured at the IAA… Continue reading Daimler to keep 35% stake as trucks business goes solo
Autos & TransportationDidi Global denies media report it plans to go private after $4.4 bln New York IPO12:17 PM UTC
The logo for Chinese ride-hailing company Didi Global Inc is pictured during the IPO on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. REUTERS/Brendan McDermid/File Photo July 29 (Reuters) – Ride-hailing company Didi Global (DIDI.N) on Thursday denied a media report that the company was considering going private… Continue reading Autos & TransportationDidi Global denies media report it plans to go private after $4.4 bln New York IPO12:17 PM UTC
LG Chem profit surges on pandemic demand, EV battery sales improve
The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji SEOUL, July 29 (Reuters) – South Korea’s LG Chem Ltd (051910.KS) on Thursday posted a four-fold surge in quarterly profit on pandemic-led demand for its chemicals used in making electronic products such as laptops and… Continue reading LG Chem profit surges on pandemic demand, EV battery sales improve
LG Chem’s Q2 profit handily beats estimates on lawsuit money
The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji SEOUL, July 29 (Reuters) – LG Chem Ltd (051910.KS) posted a four-fold surge in second-quarter profit that trumped market expectations, helped by settlement payments from legal disputes with its rival SK Innovation Co Ltd (096770.KS)… Continue reading LG Chem’s Q2 profit handily beats estimates on lawsuit money