Tesla The Observer Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus Some say the firm is already overvalued at $60bn. But its founder’s vision is now truly ambitious Elon Musk unveils Tesla’s forthcoming Roadster 2 sports car in California. Photograph: Reuters Racy valuations for loss-making businesses are nothing new to… Continue reading Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus
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CEO Jim Hackett pushing Ford team as investors watch with caution
Ford Motor Company President and CEO Jim Hackett speaks during the Ford presentation at the 2018 North American International Auto Show in Detroit January 14, 2018. (Photo: Maury/EPA-EFE/REX/Shutterstock) Ford CEO Jim Hackett, eight months into his role, brings an unconventional approach to the auto industry, which leaves colleagues inspired and observers sometimes a bit confused. He has… Continue reading CEO Jim Hackett pushing Ford team as investors watch with caution
Bertrand Petipas, Audi: “WLTP will have a financial impact on fleets”
Bertrand Petipa, Head of Audi Sales, reports on the year 2017, unveils his ambitions for 2018 and gives his vision on major issues that shake the world of fleets, such as the rise of gasoline, hardening of the TVS or the implementation of the WLTP certification cycle. JA. What were Audi’s results on the fleet… Continue reading Bertrand Petipas, Audi: “WLTP will have a financial impact on fleets”
Shell buying spree cranks up race for clean energy
LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points, cranking up its drive to expand beyond its oil and gas business and reduce its carbon footprint. The scale of the buying spree pales in comparison to… Continue reading Shell buying spree cranks up race for clean energy
Volvo XC40 rides strong order numbers towards China launch
Volvo XC40 rides strong order numbers towards China launch Volvo Cars’ first entry into the small premium SUV segment is proving popular among car buyers, with global XC40 orders already exceeding 20,000 units. Delivery of cars to dealers started earlier this month. Following its successful introduction to European and American customers, the XC40… Continue reading Volvo XC40 rides strong order numbers towards China launch
Electric vehicles maker Tesla denies further Model 3 production issues
The problems included Tesla needing to make some batteries by hand and borrowing scores of employees from one of its suppliers to help with manual assembly, CNBC had said. New Delhi: Tesla is on track to achieve its production targets for the Model 3, the electric car-maker said on Thursday, squashing a report of further… Continue reading Electric vehicles maker Tesla denies further Model 3 production issues
Lyft investigates claims staff abused access to customer data
A user posted on the anonymous app Blind claiming that Lyft employees abused their access to customer data, from gathering info on exes to acquiring Mark Zuckerberg’s personal info. A Lyft spokesperson confirmed to The Information that the company is investigating whether these incidents occurred. Source: The Information
Datsun marks important milestone of 300,000 Datsun cars sold
YOKOHAMA, Japan – Datsun has passed the milestone of 300,000 cars sold globally since the first Datsun car of the 21st century – the Datsun GO – was sold in India. “Datsun is celebrating a new milestone – 300,000 customers have chosen Datsun cars since the return of the brand in March 2014,” said Jose… Continue reading Datsun marks important milestone of 300,000 Datsun cars sold
Fiat Chrysler shows big profit boost for 2017; workers get $5,500 each
Buy Photo The media crowds around Sergio Marchionne, CEO of Fiat Chrysler Automobiles N.V. and Chairman and CEO of FCA at the 2019 Jeep Cherokee reveal during the 2018 North American International Auto Show held at Cobo Center in downtown Detroit on Tuesday, Jan. 16, 2018. (Photo: Kimberly P. Mitchell, Detroit Free Press)Buy Photo Fiat… Continue reading Fiat Chrysler shows big profit boost for 2017; workers get $5,500 each
Tesla responds to fresh reports of Model 3 production issues
Tesla’s Model 3 EV delays are well-known, including in the company’s own earnings report and quarterly delivery numbers. A fresh report from CNBC on Thursday claimed that Model 3 production was even more delayed than it appeared, with specific continued issues around battery manufacturing. CNBC also suggested that the company is “not close” to mass-production… Continue reading Tesla responds to fresh reports of Model 3 production issues