All articles and backgrounds 08/03/2018 Earnings boosted “It’s hard to believe” – VW returns close to Toyota DPA Volkswagen headquarters in Wolfsburg Toyota In terms of earning power, it ties in with earlier heydays. The Japanese group increased its operating profit in its first quarter by just under one-fifth to the equivalent of around 5.3… Continue reading Earnings boosted: “It’s hard to believe” – VW return on Toyota level
Tag: Mobility
Tesla Model S and X reportedly to get minimalist Model 3 interior
Apparently the problem with the Tesla Model S and Model X was that they’re too normal. They have a separate instrument cluster—a digital one—behind the steering wheel and a few solid controls. Tesla must think that’s too much. The company is designing a new interior for them that looks a lot like the one in… Continue reading Tesla Model S and X reportedly to get minimalist Model 3 interior
China’s DiDi, Ant Financial said to consider joint $2b Ofo buyout
August 3, 2018 Chinese ride-hailing giant Didi Chuxing and Alibaba’s Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 billion, according to a source with direct knowledge of the discussions. A deal would mark the latest stage of consolidation in China’s once-booming bike-sharing industry, where… Continue reading China’s DiDi, Ant Financial said to consider joint $2b Ofo buyout
Stop Uber From Flooding New York
On Tuesday evening, the New York City Council introduced a bill to place a temporary cap on the number of for-hire vehicles — the kind provided by services like Uber and Lyft — allowed on the city’s streets. It’s about time: In recent years these cars have flooded New York, clogging our streets and driving… Continue reading Stop Uber From Flooding New York
Actually, Curbing Uber Won’t Relieve Heavy Traffic
Are ride-sharing and -hailing services like Uber and Lyft causing road congestion? This has been the perception in cities across the country, and the companies have come under fire for it. In New York City, it has led to a proposal to curb, for a year, for-hire-vehicle companies from adding new driver’s licenses (except for… Continue reading Actually, Curbing Uber Won’t Relieve Heavy Traffic
Elon Musk backs off Tesla’s goal of making 1 million vehicles by 2020 (TSLA)
Tesla’s CEO, Elon Musk, and CTO, JB Straubel, suggested the company may not hit its goal of making 1 million vehicles by 2020 during its second-quarter earnings call on Wednesday. After Wall Street Journal reporter Tim Higgins asked if the company still planned to make 1 million vehicles in 2020, Musk and Straubel said that… Continue reading Elon Musk backs off Tesla’s goal of making 1 million vehicles by 2020 (TSLA)
BMW beats second-quarter forecasts as new anti pollution rules dent rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) reported a smaller-than-expected 6 percent decline in second quarter operating profit on Thursday while brushing off concerns about new anti-pollution rules and global trade tensions which caused rival Daimler (DAIGn.DE) to warn on profits. FILE PHOTO: The logo of German car manufacturer BMW is seen on the bonnet of a… Continue reading BMW beats second-quarter forecasts as new anti pollution rules dent rivals
Tesla shares surge as upbeat Musk sees profitable second half
Tesla is now aiming for a 6,000 vehicle per week rate, which it hopes to achieve by the end of August. By year-end it hopes to ramp up to a rate of 10,000 per week. Musk said the company is still aiming to produce 1 million cars per year by 2020, but that a number… Continue reading Tesla shares surge as upbeat Musk sees profitable second
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Elon Musk says Tesla A.I. chip project is ‘finally coming to fruition’
Tesla CEO Elon Musk said Wednesday that the company’s custom-built chip for handling autonomous driving is nearly ready.
Tesla’s autonomous ‘coast-to-coast’ drive on hold while Autopilot team focuses on safety
Tesla’s autonomous coast-to-coast drive, originally promised in 2016, is on hold while the company’s Autopilot team stays “heads down” on improving the driver assist system’s safety features, Elon Musk said in a call with investors Wednesday. Musk also teased a new software update to Autopilot — version 9.0 — coming in September that he said… Continue reading Tesla’s autonomous ‘coast-to-coast’ drive on hold while Autopilot team focuses on safety