FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make the Tesla (TSLA.O) rival, a source familiar with the plans said. FILE PHOTO – A Volkswagen logo is pictured at the International Auto Show in Mexico City, Mexico November… Continue reading Volkswagen plans to sell electric Tesla rival for less than $23,000: source
Tag: Strategy
UPDATE 1-VW plans to sell electric Tesla rival for less than $23,000 -source
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make the Tesla (TSLA.O) rival, a source familiar with the plans said. FILE PHOTO – A Volkswagen logo is pictured at the International Auto Show in Mexico City, Mexico November… Continue reading UPDATE 1-VW plans to sell electric Tesla rival for less than $23,000 -source
Why millions of lasers on a chip could be the future of lidar
Enlarge Ouster Dozens of startups are working on lidar, a type of laser sensor that many experts see as essential for fully self-driving cars. In my view, one of the most interesting companies is called Ouster. I first wrote about Ouster back in May, when I explained how it was bucking an industry trend toward… Continue reading Why millions of lasers on a chip could be the future of lidar
Continental Confirms Earnings Forecast for Current Fiscal Year
“ Sales of €10.8 billion in the third quarter despite substantial market downturn Order intake remains at very high level, almost matching the previous year’s €30 billion Adjusted EBIT of €772 million (margin: 7.2 percent) CEO Dr. Degenhart: “Our growth in sales and our order intake for automotive electronics are a good sign in light… Continue reading Continental Confirms Earnings Forecast for Current Fiscal Year
Let’s Go for a Spin: Ford Buys Scooter Company to Provide Customers a First-Last Mile Solution
Let’s Go for a Spin: Ford Buys Scooter Company to Provide Customers a First-Last Mile Solution By Sunny Madra, Vice President, Ford X Everywhere you look around the U.S., people’s mobility choices are changing. In crowded and congested cities, especially, many are reconsidering their transportation options. From ride-hailing to dedicated bicycle lanes, people and cities are considering… Continue reading Let’s Go for a Spin: Ford Buys Scooter Company to Provide Customers a First-Last Mile Solution
Robyn Denholm to replace Elon Musk as Tesla chair – CNBC
Nov 8 (Reuters) – Robyn Denholm will replace Elon Musk as chair of Tesla Inc, CNBC reported on Thursday. Denholm will leave her role as CFO and head of strategy of Telstra once her six-month notice period with the Australian telecommunications company is complete, CNBC reported cnb.cx/2D9GAUD. Tesla and Telstra did not immediately respond to… Continue reading Robyn Denholm to replace Elon Musk as Tesla chair – CNBC
Grab secures $50m funding from KASIKORNBANK, marks entry of payments biz in Thailand
November 8, 2018 Ride-hailing major Grab announced that it has raised an $50 million strategic investment from Thailand-based KASIKORNBANK (KBank), at the same time, marking the entry of its payment arm into the Thai market, it said in an announcement today. According to the startup, Grab Financial has secured an e-money licence in Thailand, and… Continue reading Grab secures $50m funding from KASIKORNBANK, marks entry of payments biz in Thailand
BMW: Ongoing trade war could push some South Carolina car production to China
BMWs are ready to be loaded onto a ship for export at the port of Charleston. About $8.76 billion worth of X model vehicles, all assembled in Spartanburg County, were exported through the port in 2017. (Photo: Fred Rollison, Provided/BMW Manufacturing) BMW is considering building more SUVs in China as tariffs between the United States… Continue reading BMW: Ongoing trade war could push some South Carolina car production to China
Self-driving car industry needs standards and security: executives
BERLIN (Reuters) – Automakers need standards for key equipment, a wide-reaching 5G broadband network and strong partnerships to make self-driving cars and electric vehicles a success, top European car industry executives said on Wednesday. FILE PHOTO – Ralf Speth, CEO of Jaguar Land Rover delivers a keynote speech at their ‘Tech Fest’ in London, September… Continue reading Self-driving car industry needs standards and security: executives
Qualcomm tops Q4 earnings targets, eyes 5G growth
Qualcomm published better-than-expected fourth quarter financial results on Wednesday. The semiconductor giant reported non-GAAP earnings of 90 cents per share on revenue of $5.8 billion, down two percent year over year. Wall Street was looking for earnings of 83 cents per share with $5.52 billion in revenue. Featured stories For the full fiscal year 2018,… Continue reading Qualcomm tops Q4 earnings targets, eyes 5G growth