Volkswagen in China Almost every second car is now the Wolfsburg in the Middle Kingdom. (Photo: AP) PekingVolkswagen is expanding its electric car capacity in China. Together with their Chinese partner JAC, the Wolfsburg have received the green light to build a plant for the equivalent of around 700 million euros in Hefei in the… Continue reading Electromobility: VW gets green light for the construction of an electric car factory in China
Tag: Autonomous
Tesla reports $702m quarterly loss
Tesla reported a loss of $702m for the first three months of the year and predicted another loss for the three months after. The electric car and battery maker said it would return to profit in the third quarter. It ended March with $2.2bn in cash, a reduction of $1.5bn in three months, largely down… Continue reading Tesla reports $702m quarterly loss
Tesla’s Musk ‘sees merit’ in capital raise, vows profit in third quarter after large loss
(Reuters) – Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third. FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in… Continue reading Tesla’s Musk ‘sees merit’ in capital raise, vows profit in third quarter after large loss
UPDATE 6-Tesla’s Musk ‘sees merit’ in capital raise, vows profit in Q3 after large loss
(Reuters) – Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai,… Continue reading UPDATE 6-Tesla’s Musk ‘sees merit’ in capital raise, vows profit in Q3 after large loss
UPDATE 3-Ford Motor to put $500 mln into electric vehicle startup Rivian
(Reuters) – Ford Motor Co said on Wednesday it will invest $500 million in U.S. electric vehicle startup Rivian Automotive LLC, joining Amazon.com Inc in backing the potential rival to Silicon Valley’s Tesla Inc. FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto… Continue reading UPDATE 3-Ford Motor to put $500 mln into electric vehicle startup Rivian
UPDATE 2-Ford Motor to put $500 mln into electric vehicle startup Rivian
(Reuters) – Ford Motor Co said on Wednesday it will invest $500 million in U.S. electric vehicle startup Rivian Automotive LLC, joining Amazon.com Inc in backing the potential rival to Silicon Valley’s Tesla Inc. FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto… Continue reading UPDATE 2-Ford Motor to put $500 mln into electric vehicle startup Rivian
Rivian Announces $500 Million Investment from Ford; Partnership to Deliver All-New Ford Battery Electric Vehicle
DEARBORN, Mich.–(BUSINESS WIRE)–Rivian today announced an equity investment of $500 million from Ford Motor Company. In addition to the investment, the companies have agreed to work together to develop an all-new, next-generation battery electric vehicle for Ford’s growing EV portfolio using Rivian’s skateboard platform. “This strategic partnership marks another key milestone in our drive to… Continue reading Rivian Announces $500 Million Investment from Ford; Partnership to Deliver All-New Ford Battery Electric Vehicle
‘Self-Braking Trolley’ Could Help to Make Supermarket Shopping a Less Stressful Experience for Parents
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility… Continue reading ‘Self-Braking Trolley’ Could Help to Make Supermarket Shopping a Less Stressful Experience for Parents
Nvidia takes aim at Tesla’s custom GPU claims
Tesla CEO Elon Musk touted the company’s custom GPU processor, said it is using its own silicon over Nvidia and has all the hardware in place for autonomous driving. A day later, Nvidia set out to diplomatically correct some Tesla “inaccuracies.” Anyone who has followed the semiconductor market knows there are benchmark fibs all the… Continue reading Nvidia takes aim at Tesla’s custom GPU claims
Tesla Raises the Bar for Self-Driving Carmakers
In unveiling the specs of his new self-driving car computer at this week’s Tesla Autonomy Day investor event, Elon Musk made several things very clear to the world. First, Tesla is raising the bar for all other carmakers. Second, Tesla’s self-driving cars will be powered by a computer based on two of its new AI… Continue reading Tesla Raises the Bar for Self-Driving Carmakers