Electric carmaker Tesla Inc backed off its plan to close all of its U.S. stores in a blog post and instead will raise prices of its high-end vehicles by about 3 percent on average, as it strives for profitability. The company said late Sunday that it would now be closing only about half as many… Continue reading Tesla Backtracks on Store Closures
Tag: Electric vehicles
Tesla to keep more dealerships than previously planned
Tesla has gone back on its recent plan to close stores and move to an online sales model only in a bid to cut costs. This was coupled with the announcement that Tesla will need to raise vehicle prices by about 3% on average worldwide. A company release stated: “Over the past two weeks we… Continue reading Tesla to keep more dealerships than previously planned
Full Year 2018 Earnings Call
Workhorse Group Sets Fourth Quarter and Full Year 2018 Earnings Call for Monday, March 18, 2019 at 10:00 a.m. ET CINCINNATI, March 11, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, will hold a conference… Continue reading Full Year 2018 Earnings Call
UPDATE 1-U.S. SEC seeks permission to reply to Musk in Tesla case
FILE PHOTO: SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, U.S., March 2, 2019. REUTERS/Mike Blake (Reuters) – The U.S.… Continue reading UPDATE 1-U.S. SEC seeks permission to reply to Musk in Tesla case
Fisker Teases $40,000 Pure Electric Car
3 H BY STEVEN LOVEDAY It seems Fisker will provide additional info about its ~$40,000 battery-electric vehicle on March 18. It comes as no surprise that there’s another teaser and an upcoming announcement from Fisker. This latest tease came from the designer Henrik Fisker via his Twitter page. The image doesn’t expose much, but the… Continue reading Fisker Teases $40,000 Pure Electric Car
Baidu, Chery launch electric car with face-scanning payment, AR navigation features
A new smart version of Chery’s Exeed TX electric sports utility vehicle will run Baidu’s AI platform, DuerOS. Go to Source
VW sets bold targets as it steps up electric ambitions
German carmaker concedes that battery vehicles push will lead to loss of jobs Go to Source
Porsche lays the foundations for continued growth in Leipzig
The comprehensive expansion project was launched this Tuesday in the presence of the Minister President of Saxony, Michael Kretschmer, the Lord Mayor of Leipzig, Burkhard Jung, Albrecht Reimold, Member of the Executive Board for Production and Logistics at Porsche AG, and Gerd Rupp, Chairman of the Executive Board at Porsche Leipzig GmbH. As part of… Continue reading Porsche lays the foundations for continued growth in Leipzig
Power struggle at Volkswagen: Board and works council of VW signal again willingness to negotiate
Car City Wolfsburg The VW Group lags behind in the production of classic combustion models compared to the competition. (Photo: Polaris / laif) Wolfsburg, FrankfurtBernd Osterloh is at the balance sheet press conference from Volkswagen physically not present. Actually, such events are about the numbers – not the works council. And yet Osterloh is the… Continue reading Power struggle at Volkswagen: Board and works council of VW signal again willingness to negotiate
Volkswagen warns on jobs as margins slip, electric plans accelerate
WOLFSBURG, Germany (Reuters) – Volkswagen will cut jobs as it speeds up the rollout of less labor-intensive electric cars and will review its sprawling portfolio of brands as it battles to reverse a slide in profit margins, the German carmaker said on Tuesday. The company said it planned to launch almost 70 new electric models… Continue reading Volkswagen warns on jobs as margins slip, electric plans accelerate