Electric carmaker Tesla has signed an agreement with Chinese authorities to build a factory in Shanghai. The “Gigafactory” would be Tesla’s first outside of the US. It intends to be producing 500,000 vehicles within five years of construction, which is due to start in the “near future”, the company said in a statement. The move… Continue reading Tesla to build factory in Shanghai
Tag: Financial Results
Analyst Gushes About Upside for General Motors Company (GM) Self-Driving Division
General Motors Company (NYSE:GM) is reportedly considering a spinoff for its self-driving business unit. According to one analyst, self-driving car company Cruise could be worth a staggering valuation. Business Insider has the scoop on GM’s potential goldmine. Cruise, the self-driving car company bought by General Motors in 2016, could be worth a whopping $43 billion, RBC… Continue reading Analyst Gushes About Upside for General Motors Company (GM) Self-Driving Division
Tesla ditches reservations, opens up Model 3 car sales to all customers in North America
Tesla is taking orders for its Model 3 electric sedans throughout the U.S. and Canada, no reservations required.
UPDATE 5-Tesla moves first to hike prices in China as trade war hits car makers
BEIJING/SHANGHAI (Reuters) – U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, the first automaker to do so in the world’s top automotive market in response to mounting trade tensions between the countries. The move is the earliest indication of how much higher Chinese… Continue reading UPDATE 5-Tesla moves first to hike prices in China as trade war hits car makers
After Uber buyout, Grab aims to go beyond rides to become Southeast Asia’s one-stop app
Grab is shrugging off the threat that Singapore might undo its acquisition of Uber’s Southeast Asia business after the ride-hailing firm announced a new strategy to become Southeast Asia’s one-stop “super app.” The Competition and Consumer Commission Singapore (CCCS) last week said it may levy a fine or unwind the Uber-Grab deal but today Singapore-based Grab announced a… Continue reading After Uber buyout, Grab aims to go beyond rides to become Southeast Asia’s one-stop app
BMW raises prices in China because of US tariffs
Monday, 09/07/2018 15:15 clock German SUVs are becoming more expensive for Chinese customers. BMW wants to raise its prices in China because of the increased toll on US cars. Currently, the company is still calculating the “necessary price increases” in this context. At the moment, however, it still remains at the current list prices for… Continue reading BMW raises prices in China because of US tariffs
Adient Declares Quarterly Dividend
PLYMOUTH, Mich., June 5, 2018 /PRNewswire/ — The board of directors of Adient plc (NYSE: ADNT), a global leader in automotive seating, today announced that its Board of Directors declared a quarterly cash dividend of $0.275 per ordinary share, payable on August 15, 2018 to shareholders of record at the close of business on July 18,… Continue reading Adient Declares Quarterly Dividend
BMW, Daimler, telcos in push to get EU adopt connected car standard
BRUSSELS (Reuters) – BMW, Daimler, Deutsche Telekom and Ericsson have urged the European Commission to back a technology for connected cars they believe would help to speed up the rollout of 5G mobile networks across the bloc. FILE PHOTO: A logo of the German luxury carmaker BMW is seen during the company’s annual news conference… Continue reading BMW, Daimler, telcos in push to get EU adopt connected car standard
Tesla raises car prices in China -Electrek
(Reuters) – Tesla Inc (TSLA.O) has raised prices on its Model X and S cars by over $20,000 in China, automotive news website Electrek reported on Monday, making it one of the first U.S. carmakers to hike prices in the wake of rising trade tensions. FILE PHOTO: A sign is seen outside Tesla Motors’ new… Continue reading Tesla raises car prices in China -Electrek
Fiat Chrysler Is Being Sued Over a Software Flaw
Photo: Fiat Chrysler Last week, a California judge decided to allow a class action lawsuit filed in December 2017 against Fiat Chrysler to proceed. The lawsuit, which could have major ramifications for carmakers, was filed in response to stalling issues with 2017 Chrysler Pacifica minivans that the plaintiffs allege were caused by known software defects. The plaintiffs… Continue reading Fiat Chrysler Is Being Sued Over a Software Flaw