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Scout24 bidders reach 9.7 pct stake ahead of deal deadline

BERLIN (Reuters) – The private equity houses seeking to take over Scout24 said on Tuesday they had built up a 9.69 percent stake in the company as the clock ticked down on their tender offer to buy the Germany-based car and property classifieds group. Hellman & Friedman and Blackstone must win majority support by May… Continue reading Scout24 bidders reach 9.7 pct stake ahead of deal deadline

UPDATE 2-GM’s Cruise gets $1.15 bln new cash from T. Rowe Price, SoftBank

FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio/File Photo (Reuters) – General Motors Co’s majority-owned Cruise self-driving division on Tuesday said T. Rowe Price and a group of existing investors put down $1.15 billion in new equity, valuing the unit… Continue reading UPDATE 2-GM’s Cruise gets $1.15 bln new cash from T. Rowe Price, SoftBank

GOJEK, Allianz X back Africa-based ride-hailing firm SafeBoda

May 7, 2019 Indonesia’s ride-hailing firm GOJEK and Allianz X, the digital investment arm of global insurance group Allianz, have co-invested in an unspecified Series B funding round for Uganda-based ride-hailing firm SafeBoda. GOJEK made the investment through its venture capital arm Go-Ventures, per an Allianz X statement. The Indonesian firm has previously backed Bangladeshi… Continue reading GOJEK, Allianz X back Africa-based ride-hailing firm SafeBoda

GM Cruise gets $1.15 bln investment from group including SoftBank fund

FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio/File Photo (Reuters) – General Motors Co’s majority-owned Cruise self-driving car unit said on Tuesday it received a $1.15 billion investment from a consortium of investors, valuing the subsidiary at $19 billion. The… Continue reading GM Cruise gets $1.15 bln investment from group including SoftBank fund

Ferrari sticks to FY targets after Q1 core profit up 14 percent

FILE PHOTO: The logo of Ferrari is seen on a sheet covering a car before a presentation at the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6, 2018. REUTERS/Pierre Albouy/File Photo MILAN (Reuters) – Italian luxury carmaker Ferrari confirmed its full-year targets after core earnings rose 14 in the first quarter, driven… Continue reading Ferrari sticks to FY targets after Q1 core profit up 14 percent

Tesla Fremont Factory Tour Part 3 — Body Shop & General Assembly #CleanTechnicaTV

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Published on May 7th, 2019 |

by Kyle Field

Tesla Fremont Factory Tour Part 3 — Body Shop & General Assembly #CleanTechnicaTV

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May 7th, 2019 by Kyle Field

A few weeks ago, Tesla brought CleanTechnica inside its Fremont automotive factory in Northern California for a custom tour of its Model 3 production line and gave an exclusive look at its in-house seat factory a few blocks away.

This week, we are launching our final video from our visit to the Fremont factory, where Chanan Bos takes us into Tesla’s body shop and general assembly areas. These are two of the most transformative and visually interesting parts of the factory, as the body shop takes the blank body panels from Tesla’s stamping press and welds them together, one step at a time, into a beautiful bare metal body.

The predictable shapes of Tesla’s body panels and the easily repeatable welding and adhesion process lend themselves well to automation, and Tesla has capitalized on this by automating around 90% of the tasks in the body shop. Automating tasks like welding and moving around heavy parts of the car also improves the safety of the factory, as workers are no longer directly exposed to the welding process and the slag it creates. Similarly, employees’ backs are not subjected to the lifting, twisting, and turning that would otherwise be required to assemble the various body panels needed to put a vehicle together.

The general assembly area lived at the center of Tesla’s Model 3 “production hell” as the company pushed the limits on vehicle assembly automation, finally settling on a healthy medium that saw more humans and fewer robots in that area of the factory than initially planned. The company came away from the production ramp with an improved understanding of what was possible and what was beneficial when it came to adding robots to its production lines.

General assembly is where all of the major components of the Model 3 are finally put together into a finished vehicle. The centerpiece of general assembly is what Tesla calls marriage. It is where the skateboard of the car — which includes the battery pack, motors, and suspension — are bolted onto the vehicle body for the first time.

After this dramatic moment, interior components are bolted in and integrated. Don’t take my word for it, just check out Chanan’s beautiful creation below.

About the Author

Kyle Field I'm a tech geek passionately in search of actionable ways to reduce the negative impact my life has on the planet, save money and reduce stress. Live intentionally, make conscious decisions, love more, act responsibly, play. The more you know, the less you need. TSLA investor.

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BMW quarterly profit tumbles 78 percent, hit by 1.4 billion euro legal provision

FRANKFURT (Reuters) – BMW’s first-quarter operating profit fell 78 percent to 589 million euros, despite higher deliveries of luxury vehicles, as the carmaker felt the effects of higher investment spending and a 1.4 billion euro ($1.6 bln) legal provision. FILE PHOTO: A BMW logo is displayed at the 89th Geneva International Motor Show in Geneva,… Continue reading BMW quarterly profit tumbles 78 percent, hit by 1.4 billion euro legal provision

BMW CEO rules out taking Daimler stake as part of deeper alliance

Harald Krueger, Chief Executive of German luxury carmaker BMW, addresses the company’s annual news conference in Munich, Germany, March 20, 2019. REUTERS/Michael Dalder FRANKFURT (Reuters) – BMW’s Chief Executive Harald Krueger on Tuesday said there are no plans for the Bavarian carmaker to take a stake in rival Daimler as the two carmakers continue talks… Continue reading BMW CEO rules out taking Daimler stake as part of deeper alliance

BMW profit falls 74 per cent after provision for possible EU fine

Car maker braces for penalty after probe found collusion to delay the introduction of clean emissions technology Go to Source

Ride-Hailing Drivers Plan Strike

Uber’s IPO is expected to raise $9 billion. Photo via Uber. Uber and Lyft drivers across the globe are planning a walk out Wednesday to protest working conditions and wages, the Washington Post reports. The strike, planned ahead of Uber’s Friday initial public offering (IPO), is being backed by the New York Taxi Workers Alliance.… Continue reading Ride-Hailing Drivers Plan Strike