It is ironic that Nikola denounces Tesla when both companies use the same person’s name and surname, but that’s the way things are. The truth is that the first truck of zero emissions that was presented was the Nikola One, moved by hydrogen, and after him, Tesla announced the first images of Tesla Semi, his… Continue reading Nikola sued Tesla for plagiarism
Tag: Financial Results
BMW Group Quarterly Report to 31 March 2018
Do you need help? Please contact our support team from 9 to 17 CET via support.pressclub@bmwgroup.com. PressClub Global · Article. Fri May 04 07:33:32 CEST 2018 Press Release Top BMW Group Quarterly Report to 31 March 2018 Attached please find the Quarterly Report to 31 March 2018 for download. The telephone conferences for journalists and… Continue reading BMW Group Quarterly Report to 31 March 2018
BMW Group makes good start to 2018
Munich. The BMW Group has started the financial year 2018 with a strong first quarter. Despite volatile conditions and unfavourable exchange rate effects, new best ever figures were recorded for sales volume and net profit. Despite high upfront expenditure for tomorrow’s mobility, the Automotive segment also set a new record for its result from operations… Continue reading BMW Group makes good start to 2018
Shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on increased dividend for 2017
News Press Release News Group Berlin, 03 May 2018 Shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on increased dividend for 2017 At the Annual General Meeting 2018, the shareholders of Volkswagen Aktiengesellschaft voted by a majority of 99.97 percent to approve the recommendation of the Board of Management… Continue reading Shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on increased dividend for 2017
Tesla Plunges After a Bizarre Conference Call
Elon Musk told investors not to buy Tesla Inc. shares if they can’t stomach volatility. They got the message. The comments — part of a bizarre, heated conference call after the close Wednesday — sent the electric-car maker’s stock plunging. Tesla fell as much as 8.6 percent Thursday after the chief executive officer rejected analysts’… Continue reading Tesla Plunges After a Bizarre Conference Call
Tesla’s Bonkers Earnings Call Was Actually Perfect
In hindsight, Elon Musk’s statement at the beginning of Tesla Inc.’s latest earnings call that “We’re going to go as long as there are good questions to answer” sounds less like encouragement and more like a warning. As you may have heard, the CEO decided the “good questions” from analysts ran out in about half an… Continue reading Tesla’s Bonkers Earnings Call Was Actually Perfect
UPDATE 1-Musk’s conduct, Tesla stock slide make $700 mln profit for short-sellers
NEW YORK (Reuters) – Short-sellers who had targeted Tesla Inc (TSLA.O) logged a $700 million paper profit on Thursday after the stock fell nearly 9 percent a day after Chief Executive Elon Musk stunned analysts by dodging “boring” questions about the electric car maker’s financial outlook. The windfall wiped out short-sellers’ 2018 losses on Tesla,… Continue reading UPDATE 1-Musk’s conduct, Tesla stock slide make $700 mln profit for short-sellers
Tata Motors to sell defence, aerospace business to Tata Advanced Systems
New Delhi: Home-grown auto major Tata Motors today said it will sell its defense business to group entity Tata Advanced Systems Ltd (TASL), subject to requisite approvals. The deal will not include the pure civilian vehicles which will continue to be with Tata Motors, the company said in a statement. The Board of Tata Motors… Continue reading Tata Motors to sell defence, aerospace business to Tata Advanced Systems
Tata Motors to sell defence and aerospace business to Tata Advanced Systems
Domestic PV and CV major Tata Motors has announced that its board has approved, subject to requisite regulatory and other approvals, to sell its defence and aerospace business to Tata Advanced Systems. The decision is as part of its ‘Turnaround 2.0’ plan, to take necessary steps to further its defence business by leveraging the scale… Continue reading Tata Motors to sell defence and aerospace business to Tata Advanced Systems
Adient reports second quarter 2018 financial results
PLYMOUTH, Mich., May 3, 2018 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced second quarter earnings. Q2 GAAP net income and EPS diluted of $(168) million and $(1.80), respectively; GAAP results reflect a net $279 million non-cash goodwill impairment charge related to ADNT’s SS&M segment Q2 Adjusted-EBIT and Adjusted-EBITDA of… Continue reading Adient reports second quarter 2018 financial results