Here is the most important news associated with the automotive industry identified by the SEA for the week April 8, 2018 – April 15, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- Audi brand to be excluded from VW sportscar brand overhaul: source… Continue reading Top Automotive Industry News for Week of April 9 – April 15, 2018
Tag: Electric vehicles
LG Chem Forms 2 JVs In China For Up To 400,000 Battery Pack Per Year
6 M BY MARK KANE LG Chem announced two joint ventures with China’s Zhejiang Huayou Cobalt to supply battery material for hundreds of thousands of electric cars annually. Cobalt (source: Wikipedia) Zhejiang Huayou Cobalt is the world’s largest producer of refined cobalt (20,000 tons in 2017) and LG Chem needs a lot of cobalt these… Continue reading LG Chem Forms 2 JVs In China For Up To 400,000 Battery Pack Per Year
Elon Musk agrees robot glut slowed Model 3 production
Tesla’s affordable Model 3 has been trapped in development hell for what seems like ages now, and in an interview with CBS’s Gayle King, CEO Elon Musk offered a little more insight into how the production process has fallen short. While escorting King through the company’s Fremont, California-based factory, Musk conceded that Tesla might’ve been… Continue reading Elon Musk agrees robot glut slowed Model 3 production
Elon Musk says ‘humans are underrated,’ calls Tesla’s ‘excessive automation’ a ‘mistake’
In a rare mea culpa for the mercurial billionaire, Tesla CEO Elon Musk acknowledged that the company has been too reliant on robots for production. Yes, excessive automation at Tesla was a mistake. To be precise, my mistake. Humans are underrated. — Elon Musk (@elonmusk) April 13, 2018 “Excessive automation at Tesla was a mistake,” Musk… Continue reading Elon Musk says ‘humans are underrated,’ calls Tesla’s ‘excessive automation’ a ‘mistake’
Elon Musk Comes Clean About All The Problems Plaguing Tesla’s Model 3 Production
Tesla CEO Elon Musk acknowledged the Silicon Valley-based automaker has hit upon rough times and that putting the company on solid ground could take a Herculean effort. “I’m definitely under stress,” Musk said in an interview Friday as Tesla wrestles with a series of problems related to production problems on the Model 3. Some of… Continue reading Elon Musk Comes Clean About All The Problems Plaguing Tesla’s Model 3 Production
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
BRIEF-Elon Musk in response to CBS report tweets – “Yes, excessive automation at Tesla was a mistake”
* “YES, EXCESSIVE AUTOMATION AT TESLA WAS A MISTAKE. TO BE PRECISE, MY MISTAKE. HUMANS ARE UNDERRATED” Further company coverage: Go to Source
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
Automobili Pininfarina, the World’s Newest Sustainable Luxury Car Brand, Launched by Mahindra
Automobili Pininfarina, the World’s Newest Sustainable Luxury Car Brand, Launched by Mahindra Automobili Pininfarina to launch electric hypercar in 2020, offering extreme performance New company to leverage Pininfarina’ s legendary automotive design expertise Rome, April 13, 2018: Mahindra & Mahindra Ltd., part of the $19 billion Mahindra Group, today announced the launch of Automobili Pininfarina,… Continue reading Automobili Pininfarina, the World’s Newest Sustainable Luxury Car Brand, Launched by Mahindra