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News
Musk dismisses report of Tesla’s potential China business sale | WIN 98.5 Your Country | WNWN-FM | Battle Creek, MI
1+ day, 1+ hour ago (622+ words) July 30 (Reuters) – Elon Musk dismissed as “fake news” a report that executives at his electric vehicle company Tesla have been told to prepare for a separation of its China business ahead of a potential merger with his space exploration firm…...
Factbox-Tesla’s China operations, the EV maker’s global production powerhouse | WIN 98.5 Your Country | WNWN-FM | Battle Creek, MI
1+ day, 4+ hour ago (429+ words) SHANGHAI/BEIJING, July 31 (Reuters) – Tesla is considering a separation of its China business to pave the way for a potential merger with SpaceX, the Wall Street Journal reported, citing a person familiar with the talks. Reuters was unable to independently…...
Qualcomm wins BMW chip supply deal for future vehicle platforms
2+ day, 19+ hour ago (211+ words) July 29 (Reuters) – Qualcomm said on Wednesday it has signed a long-term deal to supply chips for German luxury automaker BMW’s future digital cockpit and advanced driver-assistance systems through the next decade. The agreement comes as competition intensifies in the automated…...
China’s Geely to make electric SUVs at Ford Spain plant, jointly develop model for Europe
1+ week, 1+ day ago (584+ words) LONDON, July 23 (Reuters) – Geely Auto will build two electric SUVs at Ford’s factory in Spain and the two firms will jointly develop a new model, they said on Thursday, as rising Chinese automakers race to use traditional carmakers’ underutilized factories…...
Ford and Geely strike deal for EV production at Spanish plant, ABC reports
1+ week, 2+ day ago (209+ words) LISBON/MADRID, July 22 (Reuters) – Ford Motor and China’s Geely have struck a landmark deal under which the U.S. automaker will sell part of its Almussafes plant near Valencia, paving the way for Geely to manufacture electric vehicles in Spain,…...
Tesla profit disappoints, EV maker posts cash burn as AI spending surges
1+ week, 2+ day ago (803+ words) By Akash Sriram and Abhirup Roy July 22 (Reuters) – Tesla on Wednesday missed analysts’ profit forecasts for the second quarter and, for the first time in more than two years, reported negative free cash flow as the Elon Musk-led EV maker…...
Skoda Auto says it is not directly impacted by VW overhaul plans
3+ week, 19+ hour ago (176+ words) PRAGUE, July 10 (Reuters) – Skoda Auto, the Czech unit of Volkswagen, does not expect any direct impact from the parent company’s overhaul plan to cut capacity and model lines, the company said on Friday. • Volkswagen said on Thursday that it planned…...
Polestar’s US setback leaves owners asking: who will service my car?
1+ mon, 1+ day ago (664+ words) DETROIT, June 29 (Reuters) – When Ryan Rodriguez landed a great deal on a model year 2024 Polestar earlier this month, he did not anticipate the brand would soon be in trouble in the United States. Last week Polestar, which is majority-owned by…...
Stalled US permits threaten $121 billion in wind and solar investment, report shows
1+ mon, 1+ day ago (344+ words) June 29 (Reuters) – Trump administration policies that have stalled permits for renewable energy projects are putting more than $121 billion of investment at risk and slowing development of wind, solar and storage capacity needed to meet rising power demand, according to a…...
Volkswagen reduces production at German plant amid uncertain future for site
1+ mon, 2+ week ago (196+ words) BERLIN, June 16 (Reuters) – Volkswagen will pare back production of the open-top T-roc Cabrio SUV at its plant in Osnabrueck, Germany, a company spokesperson said on Tuesday, alarming employee representatives who have urged management to secure the plant’s future. Production of…...