News Press Release News Group Berlin, 03 May 2018 Shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on increased dividend for 2017 At the Annual General Meeting 2018, the shareholders of Volkswagen Aktiengesellschaft voted by a majority of 99.97 percent to approve the recommendation of the Board of Management… Continue reading Shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on increased dividend for 2017
Tag: Financial Results
Tesla Plunges After a Bizarre Conference Call
Elon Musk told investors not to buy Tesla Inc. shares if they can’t stomach volatility. They got the message. The comments — part of a bizarre, heated conference call after the close Wednesday — sent the electric-car maker’s stock plunging. Tesla fell as much as 8.6 percent Thursday after the chief executive officer rejected analysts’… Continue reading Tesla Plunges After a Bizarre Conference Call
Tesla’s Bonkers Earnings Call Was Actually Perfect
In hindsight, Elon Musk’s statement at the beginning of Tesla Inc.’s latest earnings call that “We’re going to go as long as there are good questions to answer” sounds less like encouragement and more like a warning. As you may have heard, the CEO decided the “good questions” from analysts ran out in about half an… Continue reading Tesla’s Bonkers Earnings Call Was Actually Perfect
UPDATE 1-Musk’s conduct, Tesla stock slide make $700 mln profit for short-sellers
NEW YORK (Reuters) – Short-sellers who had targeted Tesla Inc (TSLA.O) logged a $700 million paper profit on Thursday after the stock fell nearly 9 percent a day after Chief Executive Elon Musk stunned analysts by dodging “boring” questions about the electric car maker’s financial outlook. The windfall wiped out short-sellers’ 2018 losses on Tesla,… Continue reading UPDATE 1-Musk’s conduct, Tesla stock slide make $700 mln profit for short-sellers
Tata Motors to sell defence, aerospace business to Tata Advanced Systems
New Delhi: Home-grown auto major Tata Motors today said it will sell its defense business to group entity Tata Advanced Systems Ltd (TASL), subject to requisite approvals. The deal will not include the pure civilian vehicles which will continue to be with Tata Motors, the company said in a statement. The Board of Tata Motors… Continue reading Tata Motors to sell defence, aerospace business to Tata Advanced Systems
Tata Motors to sell defence and aerospace business to Tata Advanced Systems
Domestic PV and CV major Tata Motors has announced that its board has approved, subject to requisite regulatory and other approvals, to sell its defence and aerospace business to Tata Advanced Systems. The decision is as part of its ‘Turnaround 2.0’ plan, to take necessary steps to further its defence business by leveraging the scale… Continue reading Tata Motors to sell defence and aerospace business to Tata Advanced Systems
Adient reports second quarter 2018 financial results
PLYMOUTH, Mich., May 3, 2018 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced second quarter earnings. Q2 GAAP net income and EPS diluted of $(168) million and $(1.80), respectively; GAAP results reflect a net $279 million non-cash goodwill impairment charge related to ADNT’s SS&M segment Q2 Adjusted-EBIT and Adjusted-EBITDA of… Continue reading Adient reports second quarter 2018 financial results
Tesla can detect dips in Autopilot usage by its fleet when there’s negative media coverage
Tesla CEO Elon Musk has been extremely critical of the way the media portrays accidents involving Tesla vehicles on Autopilot. Now, we have a better idea of why it bothers him so much. The CEO said that Tesla is actually able to detect dips in Autopilot use from its fleet when there’s negative media coverage.… Continue reading Tesla can detect dips in Autopilot usage by its fleet when there’s negative media coverage
Tesla quarterly figures: Elon Musk blasphemes about Daimler CEO Zetsche – “has no idea of physics”
Bizarre conference call: “Elon Musk has to behave smarter” Elon Musk is considered by many to be the enfant terrible of the tech industry. That the boss of Tesla, SpaceX and Boring Company can actually perform childishly, Musk proved on Wednesday night. That proves that now published the analyst conference call minutes to the Tesla-quarter… Continue reading Tesla quarterly figures: Elon Musk blasphemes about Daimler CEO Zetsche – “has no idea of physics”
BMW Group to double Mini sales with 2nd-gen Countryman
Vikram Pawah, president, BMW Group India, at the launch of the Mini Countryman in Delhi BMW Group which comprises the BMW, Mini and BMW Motorrad sub-brands is riding high on the success of its premium model offerings in the country. The Group, which registered cumulative sales of 9,800 units in CY2017, grew at a notable… Continue reading BMW Group to double Mini sales with 2nd-gen Countryman