(Reuters) – Tesla Chief Executive Elon Musk appeared to qualify on Monday for a $700 million payday, just three days after he said the electric car company’s stock price was too high. FILE PHOTO: Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7,… Continue reading Tesla stock rise appears to qualify CEO Musk for $700 million payday
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The Station: Audi punts on Level 3, Lyft layoffs and Nio’s $1 billion deal
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi readers. Welcome back to The Station, a weekly newsletter dedicated to the future (and present) of transportation. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch.… Continue reading The Station: Audi punts on Level 3, Lyft layoffs and Nio’s $1 billion deal
Uber subsidiary Careem to slash workforce by 31%, suspends bus transport app
Careem, the Dubai-based ride-hailing and delivery company that was acquired by Uber last year, is cutting its workforce by 31% and suspending its mass transportation business due to affects from the COVID-19 pandemic. The layoffs will affect more than 530 employees. Employees who are laid off will receive at least three months’ severance pay, one… Continue reading Uber subsidiary Careem to slash workforce by 31%, suspends bus transport app
Nissan plans to rely more on partnerships for EV production
At the end of the month, Nissan will present its new “operational performance plan.” Early media reports show that Nissan will expand cooperation with Mitsubishi for plug-in hybrids in Asia and Renault for EVs in Europe. Plans for the Ariya, a new all-electric crossover, remain murky. Nissan ceded its early leadership role in electric cars… Continue reading Nissan plans to rely more on partnerships for EV production
Audi gives up plan for hands-off autonomy for next A8
Despite all the hype about high levels of vehicle autonomy, drivers always need to keep their hands on the wheel. Audi had planned to be the first automaker to introduce so-called Level 3 autonomy, where you could take your eyes off the road and let the car drive. But the combination of legislative uncertainty and… Continue reading Audi gives up plan for hands-off autonomy for next A8
Honda, PSA to gradually restart car plants in coming weeks
Tara Patel and Siddharth Philip, Bloomberg Published 11:38 a.m. ET May 4, 2020 | Updated 11:42 a.m. ET May 4, 2020 PSA Group and Honda Motor Co. will gradually restart manufacturing sites in the coming weeks as European countries begin to lift lockdown restrictions and reopen vehicle showrooms. The first wave of resumptions at PSA’s… Continue reading Honda, PSA to gradually restart car plants in coming weeks
Jaguar Land Rover dealers expand delivery options for customers
Jaguar Land Rover UK is expanding its online and remote retail capabilities to deal with COVID-19 restrictions. Since May 2019, customers using its online configurator have been able to buy cars online. Jaguar and Land Rover retailers are now offering tailored services for vehicle deliveries Some have individual handover bays which have been prepared in… Continue reading Jaguar Land Rover dealers expand delivery options for customers
New car registrations in Brazil off 76% in April – industry group
SAO PAULO, May 4 (Reuters) – New registrations of cars, trucks and buses in Brazil fell some 76% in April from the same period a year ago and 66% from March, to 55,700 units, industry body Fenabrave said on Monday In a statement accompanying the data, Fenabrave, which represents car dealerships in Latin America’s largest… Continue reading New car registrations in Brazil off 76% in April – industry group
Opel loses a number of lawsuits against dismissal protection
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“He feels emotionally betrayed by Volkswagen”
‘, e.appendChild (e.resizeSensor), e.resizeSensor.offsetParent! == e && (e.style.position = “relative”); var r, s, d, a, l = e.resizeSensor.childNodes [0 ], c = l.childNodes [0], u = e.resizeSensor.childNodes [1], h = e.offsetWidth, f = e.offsetHeight, m = function () {c.style.width = “100000px”, c.style.height = “100000px”, l.scrollLeft = 1e5, l.scrollTop = 1e5, u.scrollLeft = 1e5, u.scrollTop =… Continue reading “He feels emotionally betrayed by Volkswagen”