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IEEE Spectrum’s energy, power, and green tech blog, featuring news and analysis about the future of energy, climate, and the smart grid.
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Carmaker faces leadership and shipping issues despite short-term cash flow reprieve Go to Source
The latest UK car manufacturing figures are “deeply depressing” according to Mike Hawes, the chief executive of the Society of Motor Manufacturers and Traders, the automotive industry’s mouthpiece in the UK. If that doesn’t give you a clue to the current sentiment, not much else will. UK car sales fell 6.8% in 2018. UK car… Continue reading Will Brexit kill the British car industry?
Faltering sales and profits at Maserati are prompting a change of strategy for the luxury sports car marque. New Fiat Chrysler Automobiles CEO Michael Manley has admitted that the organisational pairing of Maserati with Alfa Romeo was a mistake, and resulted in the former being treated “almost like a mass-market brand”. Manley has returned Harald… Continue reading Maserati plans shake-up to combat sales slump
Dacsee is expanding beyond its native Malaysia. Go to Source
David Paul Morris/Bloomberg via Getty Images Apple is grappling with another employee accused of stealing autonomous vehicle trade secrets. NBC News has learned that the FBI arrested Jizhong Chen for allegedly trying to swipe self-driving car tech and pass it along to a Chinese competitor. After an employee saw him taking photos in a sensitive… Continue reading Second Apple employee accused of stealing self-driving car tech
Roberto Baldwin / Engadget Sometimes it’s best to come out and say things won’t be as good as they were last quarter. That’s what Tesla CEO Elon Musk did on January 18th and today’s fourth-quarter results are pretty much on par with that post from two weeks ago. Tesla’s 2018 fourth-quarter results showed the company… Continue reading Tesla’s Model 3 leads it to another profitable quarter
Engadget Volkswagen’s bid to widen the reach of its electric car platform might extend well beyond Ford trucks and vans. Company strategy head Michael Jost told Der Tagesspiegel in an interview that the company wanted to make its MEB platform a standard outside of VW Group cars. It was already in “advanced discussions” with some… Continue reading VW may open its electric car platform to competitors
Ministry of Economy and Finance (MOEF) carried out a large-scale personnel change that replaced 74% of people with section head positions.Section heads were replaced mainly with those who passed 40th and 41st civil service exams. MOEF focused on talented and young generations as the ones that would become future section heads. It is also interesting… Continue reading Ministry of Economy and Finance Carries out a Large-Scale Personnel Change to Its Section Heads
Tesla made a profit of $139.5m (£106.4m) in the three months to 31 December – avoiding a loss for a second quarter in a row. While lower than expected, the gain still marked an improvement for the electric car-maker, which has routinely reported shortfalls in recent years. Tesla credited strong demand for its Model 3,… Continue reading Tesla reports profit as issues stabilise
