Grab’s plan to shutter Uber’s app quickly following its merger deal in Southeast Asia has hit another snag in Singapore where the ride-hailing firm has been forced to delay closing its rival’s service until May 7. This is the second time that Grab has pushed back the removal of Uber’s app in Singapore, which was initially… Continue reading Singapore orders Grab to delay closing Uber app for an additional 3 weeks
Category: News Type
GM cutting second shift at Lordstown plant in Ohio
Buy Photo Autoworkers build Chevy Cruzes at General Motor’s Lordstown Plant in Ohio i this file photo from August 23, 2011. GM is moving to one shift at the plant, cutting a second shift and offering buyouts of up to $60,000 to affected workers. (Photo: The Detroit News, file)Buy Photo General Motors Co. is moving… Continue reading GM cutting second shift at Lordstown plant in Ohio
Waymo formally applies for fully driverless car tests in California
JasonDoiy via Getty Images Waymo has officially applied to the California DMV to test autonomous cars without drivers in the state. A source told the San Francisco Chronicle that the company will start trials around its Mountain View headquarters where it’s been testing its self-driving Chrysler Pacific minivans, though those had personnel behind the wheel… Continue reading Waymo formally applies for fully driverless car tests in California
Elon Musk says ‘humans are underrated,’ calls Tesla’s ‘excessive automation’ a ‘mistake’
In a rare mea culpa for the mercurial billionaire, Tesla CEO Elon Musk acknowledged that the company has been too reliant on robots for production. Yes, excessive automation at Tesla was a mistake. To be precise, my mistake. Humans are underrated. — Elon Musk (@elonmusk) April 13, 2018 “Excessive automation at Tesla was a mistake,” Musk… Continue reading Elon Musk says ‘humans are underrated,’ calls Tesla’s ‘excessive automation’ a ‘mistake’
Elon Musk says Tesla will be profitable before the end of the year
Reuters / Rebecca Cook Tesla CEO Elon Musk said on Friday that the automaker would be profitable by the third or fourth quarter of this year. Musk reiterated that the company will not need to raise money this year. Tesla is currently making about 2,000 Model 3 vehicles a week. Silicon Valley billionaire Elon Musk… Continue reading Elon Musk says Tesla will be profitable before the end of the year
Musk Admits Automation At Tesla Factory Was a Bad Idea
Elon Musk is under a lot of pressure right now – Model 3 production over at the Tesla factory isn’t exactly going according to plan. First, Q1 numbers looked grim: less than 10,000 Model 3s rolled off the assembly line — a far shot from his promise of producing 5,000 Model 3s a week. And then there’s… Continue reading Musk Admits Automation At Tesla Factory Was a Bad Idea
Elon Musk says humans are underrated and that he regrets using so many robots to build the Model 3 (TSLA)
Musk showed CBS the Model 3 production line.YouTube / CBS This Morning On Friday morning, CBS This Morning aired an interview with Elon Musk in which he discussed Tesla‘s difficulties in ramping up Model 3 production since the mass-market sedan was unveiled in July. In the afternoon, Musk said on Twitter that the company used… Continue reading Elon Musk says humans are underrated and that he regrets using so many robots to build the Model 3 (TSLA)
UPDATE 4-Musk insists Tesla does not need more capital, predicts profit soon
(Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker higher. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder… Continue reading UPDATE 4-Musk insists Tesla does not need more capital, predicts profit soon
General Motors to cut shift at Chevy Cruze plant in Ohio, potentially affecting 1,500 workers
General Motors plans to cut a shift at its Lordstown Assembly plant in Ohio. (Photo: General Motors) General Motors plans to cut a shift at its Lordstown Assembly plant in Ohio, potentially affecting as many as 1,500 workers, in an apparent reflection of the down market for passenger cars. The automaker confirmed Friday it would cut… Continue reading General Motors to cut shift at Chevy Cruze plant in Ohio, potentially affecting 1,500 workers
BRIEF-Elon Musk in response to CBS report tweets – “Yes, excessive automation at Tesla was a mistake”
* “YES, EXCESSIVE AUTOMATION AT TESLA WAS A MISTAKE. TO BE PRECISE, MY MISTAKE. HUMANS ARE UNDERRATED” Further company coverage: Go to Source