Tag: Financial Results

Musk Admits Automation At Tesla Factory Was a Bad Idea

Elon Musk is under a lot of pressure right now – Model 3 production over at the Tesla factory isn’t exactly going according to plan. First, Q1 numbers looked grim: less than 10,000 Model 3s rolled off the assembly line — a far shot from his promise of producing 5,000 Model 3s a week. And then there’s… Continue reading Musk Admits Automation At Tesla Factory Was a Bad Idea

UPDATE 4-Musk insists Tesla does not need more capital, predicts profit soon

(Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker higher. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder… Continue reading UPDATE 4-Musk insists Tesla does not need more capital, predicts profit soon

Marchionne: Don't expect next Fiat Chrysler CEO to be named until 2019

CLOSE Speculation about the future of Fiat Chrysler Automobiles has increased dramatically over the past week with reports first suggesting Jeep could be sold to a Chinese automaker and now reports that Alfa Romeo and Maserati could be spun off into a stand alone company. The various reports have been prompted, in part, by recent… Continue reading Marchionne: Don't expect next Fiat Chrysler CEO to be named until 2019

UPDATE 2-Musk says Tesla will be profitable in Q3, Q4

(Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker higher. FILE PHOTO: A Tesla dealership is seen in West Drayton, just outside London,… Continue reading UPDATE 2-Musk says Tesla will be profitable in Q3, Q4

UPDATE 1-Musk says Tesla will be profitable in Q3, Q4

(Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker up to 3 percent higher. FILE PHOTO: A Tesla dealership is seen in West… Continue reading UPDATE 1-Musk says Tesla will be profitable in Q3, Q4

Tesla to be profitable in third-quarter, fourth-quarter: Musk tweets

(Reuters) – Silicon valley billionaire Elon Musk said on Friday his Tesla Inc (TSLA.O) company will not need to raise any money this year because the electric car maker will have positive cash flow and be profitable in the third and fourth quarter. FILE PHOTO: A Tesla dealership is seen in West Drayton, just outside… Continue reading Tesla to be profitable in third-quarter, fourth-quarter: Musk tweets

Escape tendencies at Opel: The new Opel rulers are heading for conflict with IG Metall

All articles and backgrounds 04/13/2018 Escape tendencies at Opel The new Opel rulers are heading for conflict with IG Metall AFP The boss and his Opel boss: Carlos Tavares (l.) And Michael Lohscheller. Carlos Tavares has a reputation to lose: that of the successful car company Sanierers. So the head of PSA Peugeot Citroën after… Continue reading Escape tendencies at Opel: The new Opel rulers are heading for conflict with IG Metall

Andreas Renschler’s truck empire before the IPO: How the truck business becomes Volkswagens Mustersparte

All articles and backgrounds 04/13/2018 Andreas Renschlers truck empire before the IPO How the truck business becomes Volkswagens Mustersparte REUTERS Andreas Renschler So much is in motion in the Volkswagen Group. Several management posts, including the boss, are being retooled, the entire management structure changed, And truck board member Andreas Renschler? On the morning before… Continue reading Andreas Renschler’s truck empire before the IPO: How the truck business becomes Volkswagens Mustersparte

New structure – 6 business units plus China, commercial vehicles ready for the stock market: VW makes Diess the CEO and bundles brands

All articles and backgrounds 04/12/2018 New structure – 6 business units plus China, commercial vehicles ready for the stock exchange VW makes Diess the CEO and bundles brands AP New VW boss: Herbert Diess Volkswagen initiates the biggest reorganization of its history. The Supervisory Board appointed VW brand leader Herbert Diess on Thursday at the… Continue reading New structure – 6 business units plus China, commercial vehicles ready for the stock market: VW makes Diess the CEO and bundles brands