Tesla CEO Elon Musk’s timeline to have an autonomous ride-hailing service ready by next year is too aggressive, Uber CEO Dara Khosrwoshahi told CNBC on Friday. “I thought, if he can do it, more power to him,” Khosrwoshahi said. “Our approach is a more conservative approach, as far as sensor technology and mapping technology. The… Continue reading Uber CEO Dara Khosrowshahi said Elon Musk won’t be able to hit his goal of putting Tesla robotaxis on the road next year (TSLA)
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Ford concerned about potential China retaliation
Tariffs could affect imported auto parts and it would raise production costs and lead to higher vehicle prices for U.S. consumers. WASHINGTON: Ford spokeswoman Rachel McCleery says the company is most concerned about any retaliatory tariffs China might impose. The Dearborn, Michigan-based company says 80% of the vehicles it assembles in the U.S. are sold… Continue reading Ford concerned about potential China retaliation
Uber CEO Thinks Elon Musk Is Way Off On Robotaxi Timeline
Ride-hailing chief thinks autonomous future is years off Uber has no plans in chasing Elon Musk’s timeframe for self-driving taxis, the CEO said Friday. Dara Khosrowshahi told CNBC that the ride-hailing company, which yesterday launched its initial public offering on the New York Stock Exchange, that it would take a slower approach to self-driving vehicles… Continue reading Uber CEO Thinks Elon Musk Is Way Off On Robotaxi Timeline
SK Innovation Will Defend Itself Against LG Chem’s Lawsuit
SK Innovation says “LG Chem has initiated frivolous lawsuits full of baseless claims” and claims this is “not the first time” SK Innovation rejects LG Chem‘s allegations and says in an email sent to InsideEVs that will vigorously defend itself in a court. LG Chem recently sued SK Innovation for “misappropriation of trade secrets, tortious… Continue reading SK Innovation Will Defend Itself Against LG Chem’s Lawsuit
Exclusive: China’s BAIC seeks to buy 5 percent Daimler stake – sources
BEIJING/FRANKFURT (Reuters) – China’s BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as a way to secure its investment in Chinese Mercedes-Benz manufacturing company Beijing Benz Automotive, three sources familiar with the matter told Reuters. FILE PHOTO: The logo of Beijing Automotive Group (BAIC) is seen during the… Continue reading Exclusive: China’s BAIC seeks to buy 5 percent Daimler stake – sources
Up to 230 jobs at risk as MG moves to downsize UK base
Up to 230 engineering and design jobs at MG Motor are at risk as the Chinese car company plans to radically downsize its technical centre in Birmingham at the site of the former Longbridge factory. News of the plan leaked out after a consultation with the workforce on Friday, with one source suggesting that 140… Continue reading Up to 230 jobs at risk as MG moves to downsize UK base
Equity Shot: Judging Uber’s less-than-grand opening day
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We are back, as promised. Kate Clark and Alex Wilhelm re-convened today to discuss the latest from the Uber IPO. Namely that it opened down, and then kept falling. A few questions spring to mind. Why did Uber… Continue reading Equity Shot: Judging Uber’s less-than-grand opening day
Tesla Disables Full Power From Some Models
But it might be temporary. Some Tesla models may not be able to go full Ludicrous Mode. Not that many of you probably noticed, but still. A reader tipped us off that numerous Tesla Motors Club forum members have been reporting for the past month or so that Model S and Model X P85D and… Continue reading Tesla Disables Full Power From Some Models
Mitsubishi Wants UK To Give New Incentives To PHEV Drivers
Automaker says Outlander PHEV drivers drive on electric power half the time Debates around the world continue as to whether plug-in vehicles are ready to go it alone without incentives. One automaker with a deep interest in plug-in hybrid technology says its drivers take plenty advantage of electric-only power. Mitsubishi Motors’ UK branch released this… Continue reading Mitsubishi Wants UK To Give New Incentives To PHEV Drivers
Uber Begins Trading on NYSE
Today, Uber Technologies, Inc., started trading on NYSE. Its IPO offers 180,000,000 shares of its common stock at a price to the public of $45.00 per share. The underwriters have been granted a 30-day option to purchase up to an additional 27,000,000 shares from certain selling stockholders at the initial public offering price less underwriting… Continue reading Uber Begins Trading on NYSE