With wider margins, a rise in net profits, and a positive cash flow, Elon Musk has delivered on his promise. Here’s the low down on how Tesla’s Chief Financial Officer Deepak Ahuja and Musk managed Tesla’s operations in a capital efficient manner. In a significant development, Tesla’s Chief Executive Elon Musk delivered on his…
Details of the deal, which is huge given that traditional carmakers have so far been hesitant to hand over the data from their infotainment systems to rivals given the potential streams that can be generated from there, have not been made public. On Tuesday, in what is likely to be a huge boost to Google’s…
Worries over Tesla’s production are casting their shadow over other electric carmakers who are aiming to produce low-cost mass-market cars. As per sources familiar with the matter at hand, in NIO Inc’s U.S. IPO, the Chinese electric vehicle startup priced its shares at the bottom of its targeted price range due to investor concerns of…
In recent weeks some of the biggest companies operating in Britain have been critical of a lack of clarity in Brexit’s outcome. On Thursday, Jaguar Land Rover, Britain’s biggest carmaker stated, if the negotiations between Britain and the European Union were to result in a so-called “hard Brexit” it would cost it $1.59 billion (1.2…
While the automotive industry typically takes years of planning to place its assembly lines, Tesla accomplished the task in 2 weeks. According to an employee from Tesla Inc, the carmaker’s CEO Elon Musk, is doing all he can, even if it is disrupting the production of the Model S and X, in his drive…
Despite facing manufacturing hell, Elon Musk, Tesla’s CEO, stated he is confident that the company will be able to meet and surmount challenges in the production of the Model 3 and that the company will be profitable in either the third or the fourth quarter of this year. In a significant development that will have…
Having acquired Opel from GM, Peugeot SA is now banking on the expertise of Opel’s engineers to surge back in the race of automated, autonomous self-driving vehicles. In a significant development, Carlos Tavares, the CEO of French automaker Peugeot SA disclosed that it will capitalize on Opel’s engineering know-how to develop electric vehicles and re-enter…
Ford’s strategy is woven around consumer feedback and the growing demand for autonomous automated vehicles. Jim Hackett, Ford’s CEO, revealed that the firm is reviewing its product portfolio since consumers have shown a preference for SUVs which have fuel efficiencies closer to sedans. At a Ford event in Detroit, Hackett said although in the past…
Introducing quality assurance guidelines will be a step in the right direction for Japan’s aluminum industry as it tattles the fires of Kobe Steel’s data falsification scandal. On Monday, Mitsuru Okada, the chairman of Japan’s aluminum industry, Japan Aluminum Association, stated the the industry is considering the creation of sector-wide quality assurance guidelines if it…
Brexit related uncertainties are however holding back its plans. On Thursday, Britain’s biggest carmaker, Jaguar Land Rover, stated its electric or hybrid lineup will be launched from 2020, as it ramps up its plans to electrify its models. In 2016, its Indian parent, Tata Motors, had disclosed that it would offer greener versions of half…
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