HANGZHOU, China — “Do you know how big Volvo is?” asked Don Leclair, finance chief at Ford. It was 2008, and Leclair was responding to an offer from a little-known Chinese businessman to purchase the Swedish carmaker, which Ford owned. The businessman, Li Shufu, had a company with less than half Volvo’s sales and a… Continue reading How the Chinese tycoon driving Volvo plans to tackle Tesla – Toys Matrix
Tag: Tesla
German Handelsblatt: Interview: BMW boss Oliver Zipse announces climate offensive – but rejects obligation to phase out combustion engines by 2030002824
Munich Shortly before the start of the IAA auto show, BMW is going on the eco-offensive. By 2030, the automaker’s emissions are expected to drop by 40 percent, and half of all materials are to be recycled. The core of the plan is a strong increase in electromobility. In order to be able to build… Continue reading German Handelsblatt: Interview: BMW boss Oliver Zipse announces climate offensive – but rejects obligation to phase out combustion engines by 2030002824
Autos & Transportation · 5:39 PM UTCDaimler CEO says carmakers could face chip shortage into 2023Soaring demand for semiconductor chips means the auto…
MUNICH, Sept 5 (Reuters) – Soaring demand for semiconductor chips means the auto industry could struggle to source enough of them throughout next year and into 2023, though the shortage should be less severe by then, Daimler AG’s (DAIGn.DE) CEO said on Sunday. Carmakers, forced by the COVID-19 pandemic to shut down plants last year,… Continue reading Autos & Transportation · 5:39 PM UTCDaimler CEO says carmakers could face chip shortage into 2023Soaring demand for semiconductor chips means the auto…
Change SuiteVolkswagen CEO: smart cars, not e-cars, are ‘gamechanger’8:15 PM UTC
Herbert Diess, CEO of German carmaker Volkswagen AG talks to members of Greenpeace ahead of the Munich Motor Show IAA Mobility 2021, in Munich, Germany, September 5, 2021. REUTERS/Jan Schwartz Diess speaks ahead of Munich car show Shift towards electric vehicles was “kind of easy” 15% of Volkswagen’s business will be mobility services MUNICH, Sept… Continue reading Change SuiteVolkswagen CEO: smart cars, not e-cars, are ‘gamechanger’8:15 PM UTC
Mercedes-Benz takes another shot at launching an electric SUV in the US
Just months after Mercedes-Benz launched its first true compact electric SUV, the EQA, the German automaker now has a slightly larger and more capable companion: the EQB. Revealed in full today at the 2021 IAA Mobility show in Germany, the company will start building the EQA in Hungary and China this month, and it will… Continue reading Mercedes-Benz takes another shot at launching an electric SUV in the US
EV Week In Review: Tesla’s Many Delays, Chip Crunch Bites Nio, Apple Car Rumors, Trouble Brews For Workhorse, Volkswagen’s Best-seller Reaches China
EV stocks had a mixed outing in the week ending Sept. 3. The global semiconductor shortage was back in the headlines following warnings by EV makers, and after a brief pause, Apple, Inc. (NASDAQ: AAPL) Car chatter grew louder during the week. Here are the key developments from the EV space: Tesla Delays & Model… Continue reading EV Week In Review: Tesla’s Many Delays, Chip Crunch Bites Nio, Apple Car Rumors, Trouble Brews For Workhorse, Volkswagen’s Best-seller Reaches China
Autos & Transportation · 12:47 PM UTCGerman decision on Tesla subsidies expected by end of yearGermany will probably decide by the end of the year how…
Tesla CEO Elon Musk gestures as he arrives at the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. REUTERS/Annegret Hilse BERLIN, Sept 5 (Reuters) – Germany will probably decide by the end of the year how much state aid U.S. electric vehicle maker Tesla (TSLA.O) will receive for its planned… Continue reading Autos & Transportation · 12:47 PM UTCGerman decision on Tesla subsidies expected by end of yearGermany will probably decide by the end of the year how…
Elon Musk says Tesla (TSLA) is worth $3,000 a share ‘if they execute really well’
Elon Musk told employees that he agrees with Ark Invest that Tesla (TSLA) is worth $3,000 a share “if they execute really well.” The CEO has often commented on Tesla’s stock price, but surprisingly, it was often to say that the price was too high. In 2020, when Tesla’s stock was reaching new high, Musk… Continue reading Elon Musk says Tesla (TSLA) is worth $3,000 a share ‘if they execute really well’
Tesla crash victim’s autopsy shows alcohol above Texas limit
This content is only available to subscribers. $1 for 6 Months Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that interest you most. Exclusive… Continue reading Tesla crash victim’s autopsy shows alcohol above Texas limit
Elon Musk Reportedly Planning $25,000 Tesla with No Steering Wheel
The car would be fully autonomous (in theory). Affordable and Autonomous Tesla CEO and prolific meme thief Elon Musk is allegedly planning to release a fully-autonomous budget Tesla with no steering wheel or pedals. In a company-wide meeting held on Wednesday, Musk reportedly told employees that he wanted to begin commercial production of a $25,000… Continue reading Elon Musk Reportedly Planning $25,000 Tesla with No Steering Wheel