Tag: Financial Results

Ather starts setting up EV charging stations in Delhi ahead of July launch

In an attempt to expand its presence in major cities around the country, Bangalore-based e-mobility start-up Ather Energy which started production of its maiden electric scooter models – Ather S340 and Ather S450 – in 2018, is now ready to scale up and is eyeing breakeven by entering more markets. On January 28, the company… Continue reading Ather starts setting up EV charging stations in Delhi ahead of July launch

Musk: ‘It won’t be long’ until the Model S goes 400 miles on a charge

Sponsored Links Tesla “We’re rapidly approaching a 400-mile range for Model S,” Tesla chief Elon Musk has revealed during a conference call following the company’s Q4 2019 financial results announcement. “So, it won’t be long before Model S has a 400-mile range.” Musk made the revelation when he was asked when the Model S and… Continue reading Musk: ‘It won’t be long’ until the Model S goes 400 miles on a charge

4 Ways Rental Fleets Are Elevating Used Vehicle Residual Values

You remember the old saying: “You never get a second chance to make a first impression?” David Paris is a senior analyst at J.D. Power Valuation Services. Photo courtesy of J.D. Power. It is a phenomenon that is very likely at work when it comes to the conventional wisdom that still exists when it comes… Continue reading 4 Ways Rental Fleets Are Elevating Used Vehicle Residual Values

Tesla Reveals Model 3 Deliveries By Region

By the way of the Q4 financial report, Tesla shared an interesting chart with Tesla Model 3 deliveries by region. As the Model 3 is the world’s best selling all-electric car (and plug-in car in general) with 300,885 units globally in 2019 (448,704 cumulative by the end of 2019) it’s important to know from where… Continue reading Tesla Reveals Model 3 Deliveries By Region

Triton offers to buy Renk for 97.80 euros a share

(Reuters) – German car and truck maker Volkswagen (VOWG_p.DE) on Thursday said it had sold its transmissions making unit Renk (ZARG.F) to Triton for 97.80 euros a share, in a deal which gives Volkswagen proceeds of 530 million euros. Triton entered into an agreement with the majority shareholder of Renk AG, Volkswagen Vermögensverwaltungs-GmbH, to buy… Continue reading Triton offers to buy Renk for 97.80 euros a share

Lyft Plans Job Cuts as Part of Restructuring – The New York Times

SAN FRANCISCO — Lyft said on Wednesday that it was embarking on a corporate restructuring that would result in job cuts, as the ride-hailing company grapples with questions about whether it can make money. The layoffs will affect around 90 people in Lyft’s marketing and enterprise sales departments, the company said. In marketing, Lyft is… Continue reading Lyft Plans Job Cuts as Part of Restructuring – The New York Times

CORRECTED-VW’s Traton offers to buy rival Navistar for $35 per share

(Changes headline to say Traton has “offered” to buy Navistar) FRANKFURT, Jan 30 (Reuters) – Volkswagen on Thursday said its truck division Traton SE has made a $35 per share takeover offer for United States rival Navistar International Corp. (Reporting by Edward Taylor Editing by Chris Reese) Our Standards:The Thomson Reuters Trust Principles. Go to… Continue reading CORRECTED-VW’s Traton offers to buy rival Navistar for $35 per share

SoftBank wants its on-demand portfolio to stop losing so much money

SoftBank wants its competing portfolio companies to stop losing so much money and, in some cases, to merge. That’s the news out from Financial Times today, which reported that Uber and DoorDash discussed merging last year. The talks didn’t wind up in a deal. The two companies, each heavily backed by SoftBank and its formerly… Continue reading SoftBank wants its on-demand portfolio to stop losing so much money

Tesla is close to having a 400-mile electric car, says Elon Musk

Tesla CEO Elon Musk says that the automaker is getting close to having a 400-mile electric as the Model S is getting better batteries. For years now, Tesla has been recognized as the leader for long-range electric vehicles, but the automaker is not sitting on that lead. It has been investing in better batteries and… Continue reading Tesla is close to having a 400-mile electric car, says Elon Musk