Uber has pushed its target to achieve a measure of profitability to a quarter in 2021, reversing a decision made just three months ago to move up the goal to the end of this year. Uber will miss its target to reach an adjusted EBITDA quarterly profit in the fourth period of 2020, CFO Nelson… Continue reading Uber pushes adjusted quarterly profit target to 2021
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Tesla secures $565 mln loan for Shanghai factory
FILE PHOTO: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo (Reuters) – Electric carmaker Tesla Inc has entered into an agreement for a working capital loan of up to 4 billion yuan ($565.51 million) with a lender from China for… Continue reading Tesla secures $565 mln loan for Shanghai factory
Honda will restart U.S., Canadian auto production May 11
May 8 (Reuters) – Honda Motor Co said on Friday it will gradually resume production at U.S. and Canadian auto plants starting May 11. The Japanese automaker, which suspended production on March 23, is also recalling all salaried and support associates who have been on furlough. Honda will impose new safety requirements at its plants… Continue reading Honda will restart U.S., Canadian auto production May 11
Toyota to reopen its UK engine plant next week
Japanese group joins other carmakers in restarting their manufacturing operations in Britain Go to Source
Elon Musk Goes On Joe Rogan Podcast Again, Talks About The Future
Get ready to be bombarded with tons of information about what Elon Musk plans to do with Tesla and SpaceX because he was just on the Joe Rogan Experience podcast. The previous podcast featuring Musk ended up being Rogan’s most popular ever, amassing over 33-million views, so as you can imagine, there’s a lot of… Continue reading Elon Musk Goes On Joe Rogan Podcast Again, Talks About The Future
Potential Tesla Batteries With Less Cobalt, More Energy Density Revealed
It continues to become more clear that Tesla is making multiple improvements to its potential million-mile battery prior to its official announcement and release. We have no way of knowing for sure if the company plans to share details at its upcoming Battery and Powertrain Investor Day, but that would make perfect sense. The latest… Continue reading Potential Tesla Batteries With Less Cobalt, More Energy Density Revealed
JK Tyre resumes partial operations, begins production at Tamil Nadu, Rajasthan And Uttarakhand plants
JK Tyre & Industries, a leading tyre manufacturer and radial tyre technology company today announced partial resumption of operations after adhering to the guidelines issued by the Ministry of Home Affairs, government of India and permissions granted by the respective state governments and local authorities. The tyre maker has commenced production in a graded manner… Continue reading JK Tyre resumes partial operations, begins production at Tamil Nadu, Rajasthan And Uttarakhand plants
KARMA AUTOMOTIVE SHOWCASES FULLY-ELECTRIC E-FLEX PLATFORM FOR ECONOMIC MOBILITY
VIEW ALL () x May 07,2020 Karma E-Flex platforms support multiple powertrain, packaging and various vehicle applications Fully electric platform supports zero-emission and economic transportation of passengers, small cargo and last-mile delivery Company’s offering allows proven technology to reach market faster and more efficiently for partner retail sale, fleets and other uses Irvine, Calif.… Continue reading KARMA AUTOMOTIVE SHOWCASES FULLY-ELECTRIC E-FLEX PLATFORM FOR ECONOMIC MOBILITY
Ford announces a restart date, plans for workers to return in waves
CLOSE Assembly line production in 2018 at Ford’s Kentucky Truck Plant. (Photo: Ford Motor Co.) Ford Motor Co. is joining its crosstown rivals to restart its North American assembly plants beginning May 18. As part of a phased restart, Ford’s North American parts depots will resume full operations Monday. Employees who can work remotely will continue to do… Continue reading Ford announces a restart date, plans for workers to return in waves
Fiat Chrysler files for trademark on ‘Dakota,’ raising prospect of new midsize truck
CLOSE Fiat Chrysler has filed for a trademark for “Dakota,” raising the prospect that the company could be relaunching its midsize truck model. It likely would be a Ram, however, rather than a Dodge like this 2009 Dodge Dakota Sport Extended Cab. (Photo: Fiat Chrysler Automobiles) Is Fiat Chrysler Automobiles ready to pull the trigger… Continue reading Fiat Chrysler files for trademark on ‘Dakota,’ raising prospect of new midsize truck