German Handelsblatt: VW, Daimler and Co .: Shortage of chips and impending shutdown: The auto industry is fighting on two fronts001126

VW employees in Wolfsburg Restarting the auto industry after a shutdown is extremely time-consuming and time-consuming. (Photo: dpa) Munich, Düsseldorf The automotive industry is alarmed in two ways these days. On the one hand, industry heavyweights such as Volkswagen and Daimler have to cut back their production due to the global shortage of microchips and… Continue reading German Handelsblatt: VW, Daimler and Co .: Shortage of chips and impending shutdown: The auto industry is fighting on two fronts001126

German Manager Magazin: Renault: Luca de Meo’s strategy should lead away from mass thinking, but in the case of electric cars, belligerent with Renault 5-Comeback000479

The French automakerRenaultwants to find its way back on the road to success with a sharper savings system and the conversion to a software-driven technology group. The new CEO Luca de Meo (53) explained on Thursday his restructuring program with the name “Renaulution”, with which he wants to increase the profitability of the troubled group… Continue reading German Manager Magazin: Renault: Luca de Meo’s strategy should lead away from mass thinking, but in the case of electric cars, belligerent with Renault 5-Comeback000479

In Depth: Tesla powers on as rival EV makers scramble to compete in China

On New Year’s Day, Tesla lobbed a bomb into China’s electric vehicle market with the sudden announcement that it was dropping the price of its new Shanghai-made Model Y cars by 30%. The new starting price of 339,900 yuan ($52,550) was around 100,000 yuan less than the presale price announced in August. Showrooms were swamped,… Continue reading In Depth: Tesla powers on as rival EV makers scramble to compete in China

Top Renault dealer acquires Vauxhall specialist

Lowestoft-based Mitchells, Groupe Renault UK’s 2019 top-performing dealership, has acquired Kerridges at Halesworth, a third-generation family-run Vauxhall specialist and used car garage. Matthew Huke-Jenner, Mitchells managing director and owner, said he was in talks with some carmakers about taking on a franchise and a decision would be made in early 2021. “We will be continuing… Continue reading Top Renault dealer acquires Vauxhall specialist

How Tesla bounced back from worst mistake Elon Musk ever made and became the world’s most valuable car company (TSLA)

Tesla has defied all expectations in 2020, minting a market cap of more than $600 billion after an epic stock-market rally. Tesla is now the world’s most valuable carmaker, reminding us that CEO Elon Musk’s 2018 attempt to take the company private was not one of his better decisions. After an SEC investigation, Tesla and… Continue reading How Tesla bounced back from worst mistake Elon Musk ever made and became the world’s most valuable car company (TSLA)

Tesla’s China rival Xpeng to use lidar sensors from DJI affiliate Livox

The battle is heating up between Tesla and its Chinese challenger Xpeng as the latter makes clearer its stance on the future of autonomous driving. Over the weekend, Xpeng, which counts Xiaomi and Alibaba among its investors, announced that it will be using lidar sensors from Livox, a startup with closes ties to the Chinese… Continue reading Tesla’s China rival Xpeng to use lidar sensors from DJI affiliate Livox

Britain ends long Brexit journey with economic break from EU

London: Britain’s long and sometimes acrimonious divorce from the European Union ended on Thursday with an economic split that leaves the EU smaller and the UK freer but more isolated in a turbulent world. Britain left the European blocs vast single market for people, goods and services at 11 pm London time, midnight in Brussels,… Continue reading Britain ends long Brexit journey with economic break from EU

GM CEO Barra defends the company’s pickup production despite its EV push – Detroit Free Press

In a nearly hour-long interview on the Freakonomics Radio podcast, General Motors CEO Mary Barra talks about the automaker’s electric vehicle strategy and President Donald Trump, among many other topics. One of the main subjects is GM’s aggressive push to bring electric vehicles to market faster than it anticipated.  But Stephen Dubner, host of Freakonomics Radio, pointed out that despite GM’s… Continue reading GM CEO Barra defends the company’s pickup production despite its EV push – Detroit Free Press

Dara Khosrowshahi hits the kill switch on Uber’s moonshots (UBER)

Hello, and welcome to this Wednesday’s edition of the Insider Tech newsletter, where we break down the biggest news in tech. Did someone forward this newsletter to you? Get Insider Tech straight in your inbox by subscribing here. Soundtrack: For maximum enjoyment of this newsletter, we recommend listening to David Bowie’s “Starman.” This week: Uber… Continue reading Dara Khosrowshahi hits the kill switch on Uber’s moonshots (UBER)

Tesla’s Musk relocates to Texas from California; compares himself to war general

By Reuters Staff 2 Min Read FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the automobile awards “Das Goldene Lenkrad” given by a German newspaper in Berlin, Germany, November 12, 2019. REUTERS/Hannibal Hanschke/File Photo (Reuters) -Silicon Valley billionaire Elon Musk said on Tuesday he had relocated to Texas… Continue reading Tesla’s Musk relocates to Texas from California; compares himself to war general