Category: Automotive

UPDATE 2-Tesla’s slow disclosure raises governance, social media concerns

WASHINGTON (Reuters) – Tesla Inc’s (TSLA.O) handling of Chief Executive Elon Musk’s proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media. FILE PHOTO: Tesla CEO Elon Musk at a press conference at the Kennedy Space Center… Continue reading UPDATE 2-Tesla’s slow disclosure raises governance, social media concerns

Elon Musk Says Meetings With Saudis Preceded Tweet on Taking Tesla Private

Elon Musk, Tesla’s chief executive, said on Monday that he had held meetings with representatives of a Saudi sovereign wealth fund who expressed an eagerness to help him take the electric-car maker private. Writing in a post on Tesla’s corporate blog, Mr. Musk offered his fullest explanation yet for what he said were the circumstances… Continue reading Elon Musk Says Meetings With Saudis Preceded Tweet on Taking Tesla Private

Mahindra’s Auto Sector sells 47,199 vehicles during July 2018, a growth of 13%

Mahindra’s Auto Sector sells 47,199 vehicles during July 2018, a growth of 13% Mumbai, August 1, 2018: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, today announced its auto sales performance for July 2018 which stood at 47,199 vehicles, compared to 41,819 vehicles during July 2017, a growth… Continue reading Mahindra’s Auto Sector sells 47,199 vehicles during July 2018, a growth of 13%

Statement by Mahindra & Mahindra We understand that a complaint has been filed by FCA with the United States International Trade Commission (ITC) against Mahindra. Mahindra has not yet been served with the complaint and we prefer not to comment at length on the dispute at this time. However, we have reviewed FCA’s core filing and find it to be without merit.

Statement by Mahindra & Mahindra AUBURN HILLS, Mich., Aug. 3, 2018 – “We understand that a complaint has been filed by FCA with the United States International Trade Commission (ITC) against Mahindra. Mahindra has not yet been served with the complaint and we prefer not to comment at length on the dispute at this time.… Continue reading Statement by Mahindra & Mahindra We understand that a complaint has been filed by FCA with the United States International Trade Commission (ITC) against Mahindra. Mahindra has not yet been served with the complaint and we prefer not to comment at length on the dispute at this time. However, we have reviewed FCA’s core filing and find it to be without merit.

New Uber feature uses machine learning to sort business and personal rides

Uber announced a new program today called Profile Recommendations that takes advantage of machine intelligence to reduce user error when switching between personal and business accounts. It’s not unusual for a person to have both types of accounts. When you’re out and about, it’s easy to forget to switch between them when appropriate. Uber wants to… Continue reading New Uber feature uses machine learning to sort business and personal rides

Noble M500 unveiled at Goodwood

16th Jul 2018 9:00 am Carmaker’s more road-friendly alternative to the M600 generates 558hp and gets a fibreglass body. Noble Automotive has revealed the M500 at the Goodwood Festival of Speed as its entry-level model. At launch, it will have around 558hp, coming from a twin-turbocharged Ford V6 – the same unit that is used… Continue reading Noble M500 unveiled at Goodwood

Two Chinese EV sharing platforms in $730 mln push to fuel growth – sources

By Kane Wu and Julie Zhu HONG KONG: Two electric vehicle-sharing platforms backed by powerful Chinese carmakers plan to seek external funding totalling almost $730 million to fuel their growth, people with direct knowledge of the plans said. The moves come as Beijing continues its push into the new energy vehicle (NEV) sector as part… Continue reading Two Chinese EV sharing platforms in $730 mln push to fuel growth – sources

Geely Wants To Turn Lotus Into A Luxury Porsche Rival

It will also reportedly increase its 51 percent stake in Lotus with its Malaysian partner Etika Automotive, which holds the remaining 49 percent stake. “Geely is fully committed to restoring Lotus into being a leading global luxury brand,” the company responded in a statement when asked about the investment but refused to comment further. Geely… Continue reading Geely Wants To Turn Lotus Into A Luxury Porsche Rival

Brexit: what it means for the British car industry

If there was ever a company that tracked the recent downs and ups of our car industry, it’s Unipart, which was once a division of the state-owned dinosaur British Leyland but is now a thriving independent parts and logistics firm. Neill’s worries are those of the wider industry. Tariffs would be bad, but worse would… Continue reading Brexit: what it means for the British car industry