Tag: Financial Results

Elon Musk offers more detail about Tesla’s ridesharing network

On Tesla’s Q1 2018 earnings call today, Tesla CEO Elon Musk shed some light on the company’s ambitions to launch an autonomous vehicle ridesharing network. The short answer is that, from a technical standpoint, Tesla will be ready by the end of next year, Musk said. It’s not yet clear, however, when Tesla would actually… Continue reading Elon Musk offers more detail about Tesla’s ridesharing network

Tesla: Model 3 production could hit 5,000 per week in two months

Engadget One of the major stories about Tesla’s car business has been its struggle to build sufficient quantities of its Model 3 electric car. In a just-released earnings report the company said that prior to its most recent shutdown, it had managed to build over 2,000 cars per week for three weeks in a row… Continue reading Tesla: Model 3 production could hit 5,000 per week in two months

Tesla posts quarterly loss, Model 3 production on track

(Reuters) – Tesla Inc (TSLA.O) on Wednesday posted its worst ever quarterly loss and said its Model 3 production target remains on track, expecting about 5,000 per week in about two months. A Tesla Model 3 car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25,… Continue reading Tesla posts quarterly loss, Model 3 production on track

GO Motor Retailing Limited acquires 4 Vauxhall sites in London from NOW Motor Retailing

GO Motor Retailing Limited acquires 4 Vauxhall sites in London from NOW Motor Retailing 2018-05-02 GO Motor Retailing Limited (GMRL), trading as GO Vauxhall, has acquired 4 additional Vauxhall sites from NOW Motor Retailing in Kingston, Heathrow, Hayes and Staples Corner. The sites will transition into the existing GO Vauxhall London portfolio and will grow… Continue reading GO Motor Retailing Limited acquires 4 Vauxhall sites in London from NOW Motor Retailing

Aptiv Launches Fleet of Autonomous Vehicles on the Lyft Network

LAS VEGAS, May 2, 2018 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology leader in mobility, announced the launch of a fleet of 30 autonomous vehicles in Las Vegas on the Lyft network. A product of Aptiv’s Mobility and Services group, these vehicles will operate on Aptiv’s fully-integrated autonomous driving platform and be made available… Continue reading Aptiv Launches Fleet of Autonomous Vehicles on the Lyft Network

Is Tesla heading for trouble?

Tesla is facing more questions about its financial viability ahead of its latest results on Wednesday. The electric car-maker is facing a cash crunch, caused by a combination of a major debt load and heavy spending. Tesla boss Elon Musk says the firm could be profitable this year and dismissed concerns with an April Fool’s… Continue reading Is Tesla heading for trouble?

GM to provide loans to Korean unit, state-run bank to receive shares: sources

SEOUL (Reuters) – General Motors’ (GM.N) planned $3.6 billion cash infusion to rescue its South Korean business will be in the form of loans, while Korea Development Bank (KDB) will receive preference shares for its $750 million investment in GM Korea, two sources familiar with the matter said on Wednesday. FILE PHOTO: An employee works… Continue reading GM to provide loans to Korean unit, state-run bank to receive shares: sources

Daimler has plan in case new Chinese shareholder turns hostile

Li Shufu, founder of Geely and owner of Volvo, acquired 9.7 percent of Daimler in February. BEIJING — Daimler has a back-up plan in place to protect itself from any unsolicited takeover bid should its new Chinese investor turn unexpectedly hostile. Li Shufu, founder of Geely and owner of Volvo Cars, acquired 9.7 percent of… Continue reading Daimler has plan in case new Chinese shareholder turns hostile

Ford car window helps blind passengers ‘feel’ the view

Ford is developing a new smart car window to let blind passengers experience the passing landscape. A prototype, called Feel the View, uses high-contrast photos to reproduce scenery using LED lights. Passengers can touch the display to feel different shades of grey vibrate at different intensities. The Royal National Institute of Blind People said the… Continue reading Ford car window helps blind passengers ‘feel’ the view