Tesla Inc. is widely expected to report its sixth consecutive quarterly profit Wednesday — and potentially its first $1-billion quarter. That follows a remarkable year when Tesla’s stock split and skyrocketed, the company joined the S&P 500 Index and it sold almost half a million cars. Two years ago, the world’s leading electric carmaker was… Continue reading Musk’s finance chief quietly tallies profit surge at Tesla
Tag: Manufacturing
@VW Group: Discover the Neckarsulm production site virtually and interactively with AudiStream
Effective immediately, interested parties can now experience the production world of Audi at the Neckarsulm site online and in English via AudiStream. Tour guides accompany the virtual tour and answer questions in real time. One particular highlight: Participants also gain insights into the production processes for the fully electric Audi e-tron GT, which is built… Continue reading @VW Group: Discover the Neckarsulm production site virtually and interactively with AudiStream
@BMW: Ad-hoc announcement: BMW AG Preliminary Automotive Free Cash Flow for the fourth quarter and the full year 2020 above market expectations000872
Munich. The BMW AG’s preliminary Automotive segment Free Cash Flow for the fourth quarter 2020 is around € 2.8 billion (Q4 2019: € 1.5 billion), leading to around € 3.4 billion (2019: € 2.6 billion) for the full year 2020 and thus exceeds current market expectations. The better than expected Free Cash Flow development of the… Continue reading @BMW: Ad-hoc announcement: BMW AG Preliminary Automotive Free Cash Flow for the fourth quarter and the full year 2020 above market expectations000872
Nissan to launch only electrified cars in key markets in 2030s
TOKYO — Nissan Motor is set to make all of its new vehicles launched in key markets electrified by the early 2030s, the Japanese carmaker announced Wednesday, as it seeks to achieve carbon neutrality by 2050 amid increasing pressure from investors and other stakeholders for a strong environmental focus. The move follows those of other global… Continue reading Nissan to launch only electrified cars in key markets in 2030s
Taiwan chipmakers vow to tackle global auto component shortage
TAIPEI — Taiwan’s leading chip manufacturers have promised to “do their best” to tackle the chip shortage that is paralyzing the global automotive industry, the island’s Economic Affairs minister said on Wednesday, but with production lines already running at full capacity, she warned that the situation will take time to improve. Economics Minister Wang Mei-hua… Continue reading Taiwan chipmakers vow to tackle global auto component shortage
Hyundai to customize EVs for shippers and ride-hailers
SEOUL — Hyundai Motor Group will make built-to-order electric vehicles for commercial customers, taking advantage of the greater design flexibility they offer compared with traditional combustion-engine autos. Hyundai affiliate Kia recently announced a standard platform for the group’s electrics, with basic components including a battery pack and a motor. Customers will be able to build… Continue reading Hyundai to customize EVs for shippers and ride-hailers
Navistar to collaborate with GM, others on hydrogen fuel-cell commercial trucks
By Ben Klayman 4 Min Read DETROIT (Reuters) – Truck maker Navistar International Corp said on Wednesday it will collaborate with U.S. automaker General Motors Co and others to develop a hydrogen fuel-cell powered commercial truck and supporting fueling network. FILE PHOTO: A new hydrogen fuel cell truck made by Hyundai is pictured ahead of… Continue reading Navistar to collaborate with GM, others on hydrogen fuel-cell commercial trucks
Arriver™ presents software stack for Advanced Driver Assistance and semi-autonomous driving
STOCKHOLM, Jan. 27, 2021 /PRNewswire/ — Arriver™ today presents the capabilities of its next generation software stack for Advanced Driver Assistance and (ADAS) and semi-autonomous driving. The presentation by Arriver’s Head of Technology, Salah Hadi at Qualcomm’s annual Automotive Summit outlines how Arriver™ will provide a leading software stack enabling Level 1 ADAS to Level… Continue reading Arriver™ presents software stack for Advanced Driver Assistance and semi-autonomous driving
General Motors, after flubbing its deal with Nikola, eyes a new hydrogen truck project
General Motors, which only a few months ago was forced to ditch its plans to acquire an equity stake in troubled hydrogen truck startup Nikola, is ready to move on. Today, the automaker announced it was teaming up with Illinois-based trucking firm Navistar and OneH2, a North Carolina-based hydrogen fuel cell company, to put more… Continue reading General Motors, after flubbing its deal with Nikola, eyes a new hydrogen truck project
Goodyear Ventures Invests in Autonomous Delivery Services Provider Starship Technologies
AKRON, Ohio, Jan. 27, 2021 /PRNewswire/ — Goodyear Ventures, Goodyear’s venture capital arm, has added Starship Technologies to its investment portfolio. Goodyear Ventures joins multiple investors helping to raise $17 million for the autonomous delivery company. Founded in 2014, Starship Technologies builds and operates a network of self-driving robots that carry and deliver packages, groceries and… Continue reading Goodyear Ventures Invests in Autonomous Delivery Services Provider Starship Technologies