- Musk defends Tesla conference call snub of analysts – Reuters: Tesla Inc Chief Executive Officer Elon Musk defended the snub of two Wall Street analysts on a conference call, proclaiming in a tweet on Friday that they “were trying to justify their Tesla short thesis.”
- Elon Musk’s Wall Street-Bashing Sunk Tesla Stock, But He Still Has More to Say – Fortune: Elon Musk defended his criticism of two analysts who asked tough questions on Tesla’s earnings call, saying they were “trying to justify their Tesla short thesis” and were working against the interest of investors. Tesla (tsla, +2.27%) shares had their…
- 2018 Porsche Macan facelift: latest pictures show undisguised front – Autocar: Porsche’s facelifted sporty SUV gets a new range of turbocharged V6 petrol engines co-developed with Audi, plus cosmetic tweaks The Porsche Macan is being given a mild facelift as part of its mid-life updates – and our latest spy pictures show the new…
- Companies May Need to Rethink Gig Economy After Court Ruling – Bloomberg: That Dynamex is itself a transportation company should be particularly worrying for delivery and ride-hailing services. If you think that Uber and Lyft are primarily transportation companies, then the work their drivers perform seems pretty core to…
- Tesla bears celebrate a victory in longer, painful war – FT: Tesla bears celebrated a one-day windfall of $662m this week, marking the latest skirmish between those investors betting against the US electric carmaker and its combative founder and chief executive officer Elon Musk. Shares in Tesla tumbled almost 6 …
- Tesla Semi lorry to have range of up to 600 miles, says Musk – Autocar: Electric lorry can tow 36 tonnes and is claimed to be capable of hitting 0-60mph in 20sec even when fully loaded The Tesla Semi electric lorry will be capable of travelling up to 600 miles to a single charge, even when fully loaded, company CEO Elon…
- BRIEF-Geely Automobile’s Chairman Buys 20.15 Mln Company Shares On May 2 – Reuters: Hong Kong stock exchange filing shows. * GEELY AUTOMOBILE HOLDINGS LTD’S CHAIRMAN LI SHU FU HAS ADDED 20.15 MILLION SHARES IN THE COMPANY AT AN AVERAGE HK$21.479 ($2.74) PER SHARE ON MAY 2. * LI SHU FU’S LONG POSITION IN THE COMPANY …
- Musk Takes Aim at Two Analysts for Pushing ‘Tesla Short Thesis’ – Bloomberg: “The read-through is that potentially the CEO doesn’t care or isn’t focused about those financial metrics or ultimately the numbers don’t tell a good story. But either of those interpretations are not particularly comforting.” Tesla fell 5.6 percent to …
- BRIEF-Genesis Energy Reports Qtrly Net Loss Per Common Unit $0.07 – Reuters: QTRLY REVENUES $725.8 MILLION VERSUS $415.5 MILLION
- BRIEF-Zhejiang Yinlun Machinery Signs Contract To Become Auto Parts Suppliers For Geely – Reuters: BRIEF-Zhejiang Yinlun Machinery Signs Contract To Become Auto Parts Suppliers For Geely. Reuters Staff. 1 Min Read. May 4 (Reuters) – Zhejiang Yinlun Machinery Co Ltd : * SAYS IT SIGNS CONTRACT TO BECOME ONE OF THE AUTO PARTS SUPPLIERS FOR GEELY Source…
- BRIEF-SA’s Competition Tribunal Says Chevron SA, Other Oil Firms Settle Information Sharing Complaint For Supply Of Diesel – Reuters: * CHEVRON SA AND OTHER OIL FIRMS SETTLE INFORMATION SHARING COMPLAINT FOR SUPPLY OF DIESEL
- Surprise UK rise in new car sales but diesel continues to plunge – Guardian: https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcTuneUkuJ73rz7VJcv0gQGCb3JsebbDzPUwJxZ-3RjMRpbQ9p1q2xXClSI5HG7LrfQEP1laFAFUxgSurprise UK rise in new car sales but diesel continues to plunge The GuardianFull coverage
- VW’s Seat brand returns to China via backdoor – Automotive News: “It’s an indirect way of entering the Chinese market,” Seat brand chief Luca de Meo told Automotive News Europe on the sidelines of the Beijing show. Seat’s sister brand, Skoda, began selling locally built cars in China in 2005. Since then China has…
- Braunschweig probe of ex-VW CEO unaffected by U.S. indictment – prosecution – Reuters: German investigators will continue to probe former Volkswagen AG Chief Executive Martin Winterkorn’s role in the carmaker’s emissions test cheating scandal, the Braunschweig prosecutors’ office said.
- Race-inspired Volkswagen Golf GTI TCR gets 286bhp – Autocar: The sketch of the Golf GTI TCR hints at the car’s styling As a nod to the Golf GTI TCR racer, Volkswagen is adding another performance variant to its GTI range Volkswagen has released a sketch of a part of a hot Golf GTI TCR, which will sit above the…
- Hot Volkswagen Golf GTI TCR gets 286bhp – Autocar: The sketch of the Golf GTI TCR hints at the car’s styling As a nod to the Golf GTI TCR racer, Volkswagen is adding another performance variant to its GTI range Volkswagen has released a sketch of a part of a hot Golf GTI TCR, which will sit above the…
- Apple’s $100bn share buyback plan – FT: Tesla’s cash. Tesla insists it won’t run of money, but banks and analysts are nervously watching as the electric carmaker burns through its $4.2 billion cash pile. Some say Tesla won’t generate enough revenue to replenish its hoard before it will be…
- April rebound in UK car sales obscures underlying downtrend – FT: Both Jaguar Land Rover and Nissan in the UK have already cut hundreds of jobs between them, blaming the fall in diesel for declining output from their British plants. Sales of hybrid or electric cars rose by 49.5 per cent in April, accounting for just…
- UK new car sales rise for 1st time in a year, diesel slumps again – Reuters: British new car registrations ended a year-long run of declines to rise by an annual 10.4 percent in April although an industry body cautioned the increase reflected a poor performance in the same month last year.
- BMW’s first-quarter profit falls 3% on foreign exchange headwinds – Automotive News: BMW posted a 3 percent drop in first-quarter operating profit as unfavorable exchange rate effects weighed on revenues and earnings, even as the automaker posted higher margins and sales volume at its cars business. Group earnings before interest and…
- TOYOTA GAZOO Racing Ready for the 24 Hours of Nurburgring – Toyota: TOYOTA GAZOO Racing will compete in the 46th 24 Hours of Nurburgring Endurance Race, which takes place at the Nurburgring in Germany from May 10 to 13, 2018.
- BRIEF-Nissan’s April China Vehicle Sales +18.9 Percent Y/Y – Reuters: Nissan Motor Co Ltd: * SAYS APRIL CHINA VEHICLE SALES +18.9 PERCENT Y/Y AT 125,219 VEHICLES, VERSUS +2.4 PERCENT IN MARCH. * SAYS JAN-APRIL CHINA VEHICLE SALES +9.9 PERCENT Y/Y AT 461,350 VEHICLES, VERSUS +6.3 PERCENT A YEAR EARLIER …
- BMW Boosts Autos Returns as Tech Spending, Currencies Weigh – Bloomberg: BMW, the world’s second-largest luxury carmaker, is in the midst of a record rollout of new and refreshed models to recapture the sales lead in its segment from Daimler unit Mercedes-Benz. So far results have been slow, with BMW’s deliveries rising at…
- Ichiro Suzuki’s greatest hit was proving he belonged – Washington Post: Ichiro Suzuki’s otherworldly talents made an early impression on Dave Niehaus, the Hall of Fame voice of the Seattle Mariners. During Suzuki’s first month in the majors in 2001, Niehaus narrated a throw by Suzuki from right field that nailed Terrence…
- Vivendi, Elliott set to clash in Telecom Italia board seat battle – Reuters: Telecom Italia’s (TIM) top two investors will face off for the first time on Friday as they put their battle over board seats at the Italian phone group to a shareholder vote.
- Matt Prior: Is the Lamborghini Urus an example of car brand exploitation? – Autocar: Brand on the run: Urus is a diversion for Lamborghini When Lambo’s cheif technical officer Maurizio Reggiani stops talking about V12s and starts talking about boot space, have things have gone too far? When does brand extension become brand…
- BMW Q1 net profit edges up despite currency headwinds – FT: Despite a hit from currency headwinds on its top-line, BMW profits expanded slightly in the first quarter as margins unexpectedly climbed. The Munich-based premium carmaker said first quarter revenues fell 5.1 per cent from a year ago to €22.7bn, owing…
- Forex headwinds take shine off record BMW deliveries in first quarter – Reuters: German luxury carmaker BMW (BMWG. … BMW affirmed its guidance of achieving a group pretax profit of at least last year’s level and an operating margin of 8 to 10 percent at its automotive business, which posted a first-quarter margin of 9.7 percent,…
- The Real Reason Ford Is Phasing Out Its Sedans – WSJ: Last month Ford announced it is discontinuing its sedans and focusing on trucks, SUVs and crossovers. But is it responding to consumer demand or just exploiting a loophole in fuel standards? Dan Neil explores whether bigger is actually better.
- Tesla’s Battery Tweaks Won’t Solve World’s Cobalt Conundrum – Bloomberg: Despite what Tesla Inc.’s Elon Musk says, there may be no escaping a coming supply crunch as the auto industry hurtles into the era of electric vehicles. … The surge in electric vehicle output will be “far more significant than the reduction of…
- Highly charged: complaints as electric car points block city pavements – Guardian: “With traffic and poor air quality affecting many people we need fewer vehicles, not just cleaner vehicles,” says Rachel White, senior policy and political advisor at sustainable transport group Sustrans. “Making it harder to walk and reducing access…
- Tesla probably needs to raise capital this year – FT: Actually, the — what’s — Tesla’s such a leaky server of information that I think the news will leak pretty quickly. Also people track registrations very closely. So at most, any information that we provide would be 1 week or 2 in advance of what will …
- ANE’s May issue goes live on Monday – Automotive News: The new edition looks at how PSA Group CEO Carlos Tavares’ integration of Opel/Vauxhall is progressing. About a year ago Tavares shook up the …
- Ferrari’s Supercars Are So Hot That They’re Sold Out Into 2019 – Bloomberg: Earlier, the Maranello, Italy-based company that was spun out of Fiat Chrysler Automobiles NV reported adjusted earnings before interest, taxes, depreciation and amortization jumped 13 percent to 272 million euros ($326 million) in the first quarter….
- Howes: A glimpse of GM’s future – Amazon junk in trunk – Detroitnews: Two days after General Motors Co. announced a partnership with Amazon.com Inc. to deliver the online retailer’s packages to more than seven million GM vehicles, CEO Mary Barra fielded a question from a prominent Wall Street analyst. “You have 100…
- Factbox: Tesla CEO Elon Musk’s promises to investors – Reuters: Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk told investors this week that he does not want the luxury electric car maker to …
- Timeline – Tesla CEO Elon Musk’s promises to investors – Reuters: Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk told investors this week that he does not want the luxury electric car maker to undertake another round of raising equity capital this year and restated a commitment to swing to a profit by the third…
- VW’s ex-CEO charged in US over diesel scandal – Reuters: … >> A scheme to cheat on smog tests could land a former auto executive in federal prison. US prosecutors charged Volkswagen’s ex-CEO, Martin Winterkorn, with conspiracy to defraud the United States. The indictment, unsealed Thursday, accuses…