By Reuters Staff 1 Min Read FILE PHOTO: Uber CEO Dara Khosrowshahi speaks during a meeting with the Economic Club of New York in New York City, New York, U.S., December 4, 2019. REUTERS/Andrew Kelly/File Photo (Reuters) – Uber Technologies Chief Executive Dara Khosrowshahi said on Thursday that the company discussed and “quickly dismissed” the… Continue reading Uber CEO dismisses bitcoin investment, could use for transactions: CNBC
Category: Uncategorized
GM CEO says chip shortage could hit profits by $2 billion
By Ben Klayman, Paul Lienert 2 Min Read DETROIT (Reuters) – General Motors Co on Wednesday reported a higher-than-expected fourth-quarter profit on strong demand for trucks and SUVs during the COVID-19 pandemic but forecast weaker-than-expected 2021 results citing a shortage of chips used in car production. Slideshow ( 2 images ) GM shares were down… Continue reading GM CEO says chip shortage could hit profits by $2 billion
Toyota president disappointed by comments from Tokyo 2020 chief Mori
By Reuters Staff 2 Min Read FILE PHOTO: Akio Toyoda, president of Toyota Motor Corporation, speaks at a news conference, where he announced Toyota’s plans to build a prototype city of the future on a 175-acre site at the base of Mt. Fuji in Japan, during the 2020 CES in Las Vegas, Nevada, U.S. January… Continue reading Toyota president disappointed by comments from Tokyo 2020 chief Mori
Toyota hikes profit forecast 54%, shrugs off global chip supply issues
By Reuters Staff 2 Min Read TOKYO (Reuters) – Toyota Motor Corp on Wednesday jacked up its full-year earnings forecast by a bigger-than-expected 54% to a record $19 billion, raising its vehicle sales target as global demand led by China rebounds from a coronavirus pandemic-induced slump. FILE PHOTO: A Toyota Motor Corp. logo is seen… Continue reading Toyota hikes profit forecast 54%, shrugs off global chip supply issues
Tesla rival Rivian aims for IPO this year: Bloomberg News
By Reuters Staff 2 Min Read FILE PHOTO: The Rivian R1T all-electric truck is pictured at an event, held by the electric vehicle startup, for customers who preordered the truck, in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino (Reuters) – Electric-vehicle startup Rivian, which is backed by Amazon.com Inc and Ford Motor Co,… Continue reading Tesla rival Rivian aims for IPO this year: Bloomberg News
Reddit user claiming to be Tesla insider now says bitcoin posts were not true
By Bhargav Acharya 4 Min Read (Reuters) – A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker’s purchase of bitcoin said on Tuesday that his assertions were not true. FILE PHOTO: Representations of virtual currency Bitcoin are seen in front… Continue reading Reddit user claiming to be Tesla insider now says bitcoin posts were not true
Lyft says cost cuts, coming ride recovery could bring third-quarter profit
By Tina Bellon, Akanksha Rana 5 Min Read (Reuters) – Lyft Inc said on Tuesday it could make an adjusted profit by the third quarter of this year despite the pandemic thanks to additional cost cuts and an expected rebound in ride-hail demand beginning in the second quarter of 2021. FILE PHOTO: The Lyft Driver… Continue reading Lyft says cost cuts, coming ride recovery could bring third-quarter profit
Lyft maintains goal of profitability by end-2021, sees rides recovery in second quarter
By Tina Bellon, Akanksha Rana 4 Min Read (Reuters) – Lyft Inc said on Tuesday it stood by its goal to become profitable on an adjusted basis by the end of this year despite the pandemic, forecasting a rebound in ride-hail demand beginning in the second quarter of 2021. FILE PHOTO: The Lyft Driver Hub… Continue reading Lyft maintains goal of profitability by end-2021, sees rides recovery in second quarter
Daimler Trucks chief says clean trucks will be ready before clean fuels
By Joseph White 3 Min Read DETROIT (Reuters) – Daimler Trucks could have a full line of zero-emission commercial vehicles ready by 2027, ahead of most proposed deadlines for phasing out internal combustion engines, but deploying them will depend on infrastructure investments that have not yet been made, the Daimler AG unit’s chairman said. FILE… Continue reading Daimler Trucks chief says clean trucks will be ready before clean fuels
Exclusive: GM extends vehicle production cuts, begins parking incomplete cars due to global chip shortage
By Ben Klayman 3 Min Read FILE PHOTO: The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo DETROIT (Reuters) – General Motors Co said on Tuesday it was extending production cuts at three global plants through at least mid-March and building but leaving incomplete vehicles at two other… Continue reading Exclusive: GM extends vehicle production cuts, begins parking incomplete cars due to global chip shortage