Audi eyes 800,000 electric and hybrid car sales in 2025

BERLIN, May 8 (Reuters) – German premium brand Audi on Tuesday said it plans to sell about 800,000 battery-electric and hybrid powered cars in 2025, as it seeks to catch up with electric car rival Tesla and emerge from a damaging emissions-cheating scandal. Audi’s image has been tarnished by regulatory probes investigating what role its… Continue reading Audi eyes 800,000 electric and hybrid car sales in 2025

The real mistake of the German car industry: That’s why former VW boss Winterkorn is the wrong target

All articles and backgrounds 08/05/2018 The real mistake of the German car industry Therefore, former VW boss Winterkorn is the wrong target An opinion piece by Markus Schön DPA In the sights of the media: Martin Winterkorn If one pursued various tabloid media these days, one could get the impression, the former chief executive of… Continue reading The real mistake of the German car industry: That’s why former VW boss Winterkorn is the wrong target

According to an oblique analyst call: Elon Musk buys Tesla shares for nearly ten million dollars

All articles and backgrounds 08/05/2018 According to oblique analysts Call Elon Musk buys Tesla shares for nearly ten million dollars DPA Tesla New Model 3: The company has never posted a profit for the year and has now burned billions of dollars in capital. With a very strange Tesla CEO Elon Musk made headlines last… Continue reading According to an oblique analyst call: Elon Musk buys Tesla shares for nearly ten million dollars

Musk buys $9.85M in Tesla stock after taunting shorts

Dana Hull and Tom Metcalf, Bloomberg News Published 6:17 p.m. ET May 7, 2018 Tesla Inc.’s Elon Musk (Photo: Stephan Savoia / AP, file) Tesla Inc.’s Elon Musk is putting some money where his trash-talking mouth is. The chief executive officer bought about $9.85 million worth of Tesla shares on Monday, his biggest purchase since… Continue reading Musk buys $9.85M in Tesla stock after taunting shorts

UPDATE 3-Uber sets safety review; media report says software cited in fatal crash

(Reuters) – Uber Technologies Inc [UBER.UL] on Monday said it has retained a former top U.S. transportation official to advise it on safety after a fatal self-driving crash in March, but it declined to comment on a technology website’s report that a software flaw was responsible for the accident. The Uber logo is displayed on… Continue reading UPDATE 3-Uber sets safety review; media report says software cited in fatal crash

Fire at Mercedes-Benz supplier affects local production

By Jason Morton Staff Writer Explosions and a large fire at a parts supplier for Mercedes-Benz U.S. International has slowed production at the automobile manufacturing plant. The blaze broke out in the early morning hours of Wednesday at a manufacturing plant for Meridian Magnesium Products for America in Eaton Rapids, Michigan. In a letter to employees that… Continue reading Fire at Mercedes-Benz supplier affects local production

China’s BYD, US Hybrid to develop first-ever hydrogen electric bus

China’s leading electric vehicle maker BYD announced Wednesday to team with US Hybrid Corporation to develop a hydrogen fuel cells battery-electric bus.[Photo/IC] LOS ANGELES – China’s leading electric vehicle maker BYD announced Wednesday to team with US Hybrid Corporation to develop a hydrogen fuel cells battery-electric bus. According to a press release of BYD (Build… Continue reading China’s BYD, US Hybrid to develop first-ever hydrogen electric bus

Tesla reportedly locks out contractors in midst of Model 3 ramp up

Last Wednesday, during Tesla’s earnings call, we learned that CEO Elon Musk planned to restructure the company and to cut the number of contractors used at Tesla’s factories. That day came suddenly this morning. Electrek reported this morning that it had obtained an internal memo from Musk noting that contractors’ time was up, and that… Continue reading Tesla reportedly locks out contractors in midst of Model 3 ramp up

BRIEF-Tesla Says We Continually Evaluate Capital Expenditure Needs & May Raise Additional Capital To Fund Growth Of Business

May 7 (Reuters) – Tesla Inc: * TESLA, GIVING NO TIMEFRAME, SAYS WE CONTINUALLY EVALUATE CAPITAL EXPENDITURE NEEDS & MAY RAISE ADDITIONAL CAPITAL TO FUND GROWTH OF BUSINESS – SEC FILING Source text: [bit.ly/2FRNCLs] Further company coverage: Our Standards:The Thomson Reuters Trust Principles. Go to Source

Automobili Pininfarina Will Deliver an Electric Hypercar in 2020

The famous Italian styling house won’t just design cars for others any more—it’ll make them itself. @MAROCCIAPHOTO Pininfarina has decades of esteemed automotive design under its belt. Its current Indian ownership, Mahindra & Mahindra concluded that it was time for Pininfarina to graduate from design alone, and begin selling cars under its own name. On… Continue reading Automobili Pininfarina Will Deliver an Electric Hypercar in 2020