By Jonathan Stempel 2 Min Read FILE PHOTO: The Tesla logo is seen on a car at Tesla’s new showroom in Manhattan’s Meatpacking District in New York City, U.S., Dec. 14, 2017. REUTERS/Brendan McDermid/File Photo (Reuters) – A former Tesla Inc factory employee will pay Elon Musk’s electric car maker $400,000 after it accused him… Continue reading Former Tesla employee to pay $400,000 to end lawsuit over tips to reporters
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VW bets on Porsche racecar engineer to help overtake Tesla
* Hitzinger heading up Volkswagen’s Project Artemis * Aims to be producing new electric car in 2024 * Expects to have 200-250 staff on the project FRANKFURT, Dec 1 (Reuters) – Alexander Hitzinger, a 49-year-old engineer who defected to Apple after helping to develop Porsche’s winning 919 racecar, has been lured back to Volkswagen Group… Continue reading VW bets on Porsche racecar engineer to help overtake Tesla
Daimler awards 1,000 euro ‘corona bonus’ to German employees
By Reuters Staff 1 Min Read FILE PHOTO: The Daimler logo is seen before the carmaker’s annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke FRANKFURT (Reuters) – German carmaker Daimler on Tuesday said it will pay German employees a 1,000 euros “corona bonus” to help compensate for personal and economic burdens such… Continue reading Daimler awards 1,000 euro ‘corona bonus’ to German employees
GM sent back to drawing board after most South Korea union members reject labour deal
By Heekyong Yang 2 Min Read FILE PHOTO: The logo of GM Korea is seen at an its plant in Incheon, South Korea, May 14, 2018. REUTERS/Kim Hong-Ji SEOUL (Reuters) – General Motors Co, which has long struggled with labour relations in South Korea, will have to renegotiate a preliminary labour deal after a majority… Continue reading GM sent back to drawing board after most South Korea union members reject labour deal
GM’s union in South Korea votes against tentative labour deal: official
By Reuters Staff 1 Min Read FILE PHOTO: The logo of GM Korea is seen at an its plant in Incheon, South Korea, May 14, 2018. REUTERS/Kim Hong-Ji SEOUL (Reuters) – The union representing workers for General Motors Co in South Korea have voted against a preliminary labour deal with the automaker, an union official… Continue reading GM’s union in South Korea votes against tentative labour deal: official
Exclusive: LG Chem to double China battery capacity to meet Tesla demand – sources
By Reuters Staff 4 Min Read SEOUL (Reuters) – South Korea’s LG Chem Ltd plans to more than double production capacity of battery cells it makes in China for Tesla Inc electric vehicles (EV) next year, sources said, to keep up with its U.S. client’s growth in the biggest car market. FILE PHOTO: The logo… Continue reading Exclusive: LG Chem to double China battery capacity to meet Tesla demand – sources
Tesla to join S&P 500 in single tranche
By Reuters Staff 1 Min Read FILE PHOTO: The logo of Tesla is seen on a store in Paris, France, October 30, 2020. REUTERS/Charles Platiau/File Photo (Reuters) – Tesla Inc will join the S&P 500 index in a single part, S&P Dow Jones Indices announced on Monday following a consultation with investors about the best… Continue reading Tesla to join S&P 500 in single tranche
Shares of Chinese EV maker Kandi down after short-seller report
By Reuters Staff 1 Min Read (Reuters) – Shares of Kandi Technologies Group Inc fell more than 19% on Monday, after the short-selling research house Hindenburg alleged that the Chinese electric vehicle maker used fake sales to take money from U.S. investors. Kandi did not immediately comment on Hindenburg’s report. (bit.ly/3luc2zC) In the report, Hindenburg… Continue reading Shares of Chinese EV maker Kandi down after short-seller report
EV maker Lion Electric to go public through SPAC deal
By Reuters Staff 2 Min Read (Reuters) – Electric-vehicle maker Lion Electric Co said on Monday it would go public through a merger with blank-check company Northern Genesis Acquisition Corp. Lion Electric expects to receive about $500 million of net cash proceeds from the deal, it said, adding the combined company was expected to be… Continue reading EV maker Lion Electric to go public through SPAC deal
Exclusive: VW’s executive committee to convene Tuesday to discuss CEO’s future – sources
By Reuters Staff 2 Min Read FILE PHOTO: A car stands at the production line for the electric Volkswagen cars, model ID.3 and model ID. 4, in Zwickau, Germany, September 18, 2020. REUTERS/Matthias Rietschel/File Photo HAMBURG (Reuters) – Volkswagen Group’s executive committee is convening on Tuesday to discuss Chief Executive Herbert Diess’s demand for a… Continue reading Exclusive: VW’s executive committee to convene Tuesday to discuss CEO’s future – sources