- Musk’s bizarre earnings call was ‘the most unusual’ in this Morgan Stanley analyst’s 20-year career – CNBC: Elon Musk’s peculiar post-earnings call Wednesday was the talk of the market Thursday morning.
- Volkswagen’s new CEO says he’s considering a spin-off of non-core brands like Ducati – CNBC: Herbert Diess revealed the strategy at the annual shareholders meeting.
- Tesla Slumps as Morgan Stanley Sees Musk Alienating Wall Street – Bloomberg: Tesla Inc. shares fall 5 percent in pre-market trading after CEO Elon Musk went off-script in what Morgan Stanley analyst Adam Jonas called the “most unusual call I have experienced in 20 years on the sell-side,” noting it could jeopardize the company …
- Elon Musk slams ‘boring, bonehead’ analyst questions on Tesla earnings call – CNBC: Elon Musk slams ‘boring, bonehead’ analyst questions on Tesla earnings call. 25 Mins Ago. CNBC’s Phil LeBeau reports on Tesla’s quarterly earnings release and Elon Musk’s out-of-the-ordinary comments on the conference call. Watch CNBC Live TV …
- VW will get ‘clear moral compass,’ new CEO promises shareholders – Automotive News: VW’s anti-corruption czar Kurt Michels is creating a central investigation office to oversee compliance for the group’s different brands and companies – which include luxury marques such as Porsche, Audi and Bentley and the mass-market VW, Skoda and…
- Volkswagen Group boss: We were a slow lumbering supertanker – Autocar: Herbert Diess standing in front of the VW ID hatchback New boss Herbert Diess outlines his grand plan for the company The new chief of the Volkswagen Group Herbert Diess has said the car maker must change from “a slow lumbering supertanker to a…
- Tesla’s cobalt decision could hit demand for the battery metal – FT: Tesla’s announcement that it has sharply reduced the amount of cobalt that it uses could hit demand for the battery metal, whose price has quadrupled since 2016. Tesla’s Elon Musk said on Wednesday that it had managed to beat other leading battery …
- Tesla Shares Tank After Elon Musk Disses Wall Street Analysts’ ‘Boring, Bonehead Questions’ – Fortune: The earnings report started optimistically enough, with Elon Musk forecasting an end to Tesla’s cash-burning days after blazing through another $1 billion last quarter. But by the end of Tesla’s first-quarter conference call, Musk was berating analysts…
- Elon Musk Taps Brakes on Tesla’s Model Y After 3’s ‘Production Hell’ – WSJ: While building the Model 3 has been “production hell” for Tesla Inc., TSLA 0.41% Chief Executive Elon Musk is promising the electric-car maker’s next vehicle will usher in a “manufacturing revolution.” The CEO made the comment during a call with…
- New Volkswagen CEO promises push for more ethical culture – Washington Post: Volkswagen’s new CEO, Herbert Diess, has vowed to build a more ethical culture after the company’s diesel emissions … The six divisions are: mass-market cars such as core Volkswagen brand; premium makes led by Audi; super premium brands such as…
- Tesla’s Elon Musk Turns Conference Call Into Sparring Session – WSJ: Elon Musk wanted to talk about the future of Tesla Inc. TSLA 0.41% -self-driving cars, its next all-electric sport-utility vehicle and opening a factory in China. What he didn’t seem eager to discuss with analysts on Wednesday’s quarterly conference…
- Tesla reports record losses – but boss Musk insists it is close to profitability – Autocar: Tesla has reported record losses for the first three months of 2018 Company value dives after entrepreneur has terse exchange over “boring” questions relating to company finances in media conference call Tesla posted a record loss of £523 million in…
- Private demand drives Italy’s 7% growth – Automotive News: Market leader Fiat Chrysler Automobiles lost ground as in previous months, with a 2.2 percent sales decline led by a 12 percent fall in core brand Fiat’s registrations. Jeep more than doubled sales with 124 percent growth thanks to the Jeep Renegade…
- BRIEF-Avtovaz Starts Official Sales Of Cars In Tunisia – Reuters: Avtovaz PAO: * SAYS LADA EXPANDS GEOGRAPHY OF ITS PRESENCE AND BEGINS OFFICIAL SALES OF CARS IN TUNISIA. * PARTNER OF LADA IN THE NORTH AFRICAN COUNTRY IS ARTES Source text: bit.ly/2ria8bf Further company coverage: (Gdynia Newsroom).
- Geely’s Volvo Cars posts 12.2 pct yr/yr sales rise in April – Reuters: Volvo Car Group, owned by China’s Zhejiang Geely Holding Group Co Ltd, said in a statement on Thursday its sales rose 12.2 percent year-on year in April on the back of strong growth in China and the United States. * Total sales for the month of April…
- Jaguar Land Rover prepares for EV future with new manufacturing chief – Automotive News: Jaguar Land Rover is replacing its director for manufacturing as it prepares its plants for an electrified future, the automaker said in a statement. Executive director for manufacturing, Wolfgang Stadler, is retiring from the company to be replaced by…
- Volkswagen weighs spin-offs of non-core assets: CEO – Reuters: Volkswagen is pondering spin-offs of non-core assets such as motorcycle maker Ducati and transmissions maker Renk, its new chief executive said, as the group seeks to boost its efficiency and become more nimble.
- Europe’s electric cars are coming for Tesla – Automotive News: Elon Musk started Tesla with a goal of accelerating the switch to electric cars by about a decade. That wish is now catching up with him. Starting with Jaguar’s I-Pace crossover and later this year Audi’s e-tron, virtually every major automaker is…
- The not-so-green truth about current car CO2 legislation – Autocar: CO2 legislation in the motor industry is based on what comes out of the tailpipe, but this is an inaccurate measure of real-world carbon footprints What is the world”s greenest car? You could be forgiven for thinking that would be a simple enough…
- Rolls-Royce sticks to profit forecast, working on engine repair solution – Reuters: Britain’s Rolls-Royce stuck to its profit and cash flow guidance for 2018 in a statement made ahead of its annual shareholder meeting, and said it was making progress with a plan to repair some problematic engines more quickly.
- Renault Samsung begins sales of electric taxi on Jeju – Yonhap: Renault Samsung Motors Corp. said Thursday it has started selling electric-powered taxi sedans on the resort island of Jeju. The South Korean affiliate of French automaker Renault S.A. said its aim is to sell 100 units of the all-electric SM3 Z.E….
- BRIEF-Notorious Pictures: Signs Agreement For Production Of Film “Lamborghini” – Reuters: BRIEF-Notorious Pictures: Signs Agreement For Production Of Film “Lamborghini”. Reuters Staff. 1 Min Read. May 3 (Reuters) – Notorious Pictures SpA: * SAYS SIGNED AN AGREEMENT FOR PRODUCTION OF FILM LAMBORGHINI, DEAL VALUE IS EUR 10.3 MILLION Source…
- This is the man Elon Musk trusts to rein in the Tesla cash crisis – Yahoo: For five quarters in a row ahead of Wednesday earnings, free cash flow has been negative at Tesla, and the electric-car maker has been burning through more than $6,500 every minute, according to data compiled by Bloomberg this week. What’s more,…
- Macron wants strategic Paris-Delhi-Canberra axis amid Pacific tension – Reuters: French President Emmanuel Macron on Wednesday called for the creation of a new strategic alliance among France, India and Australia to respond to challenges in the Asia-Pacific region and the growing assertiveness of China.
- Autocar confidential: Inductive charging, Skoda performance, robotaxis & more – Autocar:
- Mercedes Sieff’s recipe for super spring green salad – Guardian: This salad is my go-to dish whenever I need a boost of energy and green goodness. It’s impossible not to feel in better spirits after eating so many good-for-you ingredients. With the nutritional powerhouse of spinach as its base, this is a simple,…
- ‘Elon, you’ve got to grow up’: Analyst explains why Tesla chief left her ‘very frustrated’ – CNBC: “Excuse me, next, next. Boring, bonehead questions are not cool,” Tesla CEO Elon Musk told analysts Wednesday after a question about his company’s capital requirements. The automaker had just posted its worst quarterly loss in its history. Another…
- Training under scrutiny after autonomous car crash – FT: Companies are testing hundreds of self-driving vehicles across the US and some are piloting fully driverless cars. Developers point out it is difficult to draw direct comparisons between the outlines provided in the different filings. Different levels…
- GM bets on 3D printers for cheaper and lighter car parts – Reuters: General Motors Co said on Thursday it was working with design software company Autodesk Inc to manufacture new, lightweight 3D-printed parts that could help the automaker meet its goals to add alternative-fuel vehicles to its product lineup.
- GM builds driverless, electric future at Orion plant – Detroitnews: GM has placed its all-electric and autonomous vehicles in the hands of American auto workers at Orion Assembly plant
- Single Jaguar XE SV Project 8 to arrive in NZ – Autocar:
- Morning News Call – India, May 3 – Reuters: Jaguar appoints new manufacturing chief to transform plants for electric future Britain’s biggest carmaker Jaguar Land Rover is replacing its director for manufacturing as it prepares its plants for an electrified future, the firm said. Hero MotoCorp…
- Elon Musk snubs analysts, Tesla shares tumble – Reuters: … >> It was all going just fine despite posting the biggest quarterly loss ever by Tesla on Wednesday, its shares in the after hours market even rose by …
- The price of Musk cutting off analysts? For Tesla, it’s $2 billion – Reuters: Ducking analysts’ questions has a price: $2 billion.
- Hyundai to launch Veloster N performance car next month – Yonhap: Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday it will launch the high-performance Veloster N hot hatch in the domestic market next month. The move is part of the Korean auto giant’s efforts to strengthen its brand image as…
- Tesla hints at when its $35000 Model 3 will actually arrive (TSLA) – Yahoo: Tesla released its first-quarter earnings report on Wednesday, and hinted at when the $35,000 base model of its Model 3 sedan will become available. In the report, the company said it expects to start making around 5,000 Model 3 vehicles per week “in…
- Elon Musk’s Most Dumbfounding Moments on Tesla’s Earnings Call – Bloomberg: During a highly unusual earnings call, Tesla Inc.’s chief executive officer cut off analysts and got defensive about probing questions pertaining to the electric-car maker’s finances. … Ahuja said the carmaker would spend less by simplifying its…
- Tesla cash burn accelerates, CEO predicts profit ahead – Yahoo: File-In this April 15, 2018, file photo, an unsold 2018 Model X 100d sits on a Tesla dealer’s lot in the south Denver suburb of Littleton, Colo. When Tesla releases first-quarter earnings after the closing bell on Wednesday, May 2, 2018, investors will …
- China has 300 electric car startups ready to take on Tesla – Nikkei:
- Grab-Uber merger has the antitrust watchdogs working overtime – Nikkei:
- ‘Effectiveness’ of Tesla self-driving system was not assessed in probe: US traffic safety agency – CNBC: NHTSA had closed a probe last year into a May 2016 fatal crash involving Tesla’s “Autopilot” system.
- Musk leaves investors uneasy over Tesla cash burn – FT: Elon Musk left Tesla investors more uneasy about the electric carmaker’s path towards financial sustainability during a fractious call with Wall Street analysts on Wednesday, prompting a 5 per cent sell off in Tesla’s shares in after-market trading …
- Elon Musk snubs analysts, Tesla stocks tumble – Reuters: Elon Musk snubs analysts, Tesla stocks tumble. Tesla CEO Elon Musk snubs analysts on an earnings call and Tesla shares tumble. Here’s what he told them. TRANSCRIPT +. Tesla CEO Elon Musk snubs analysts on an earnings call and Tesla shares tumble….
- Hyundai, Kia aim to sell 1.35 mln vehicles in China this year – Yonhap: Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday they are aiming to sell a combined 1.35 million vehicles in China this year by launching new sport utility vehicles. The annual sales target for this year is up from the 1.15 million…
- Brazil’s Sigma Lithium to list in Toronto next week – Reuters: Sigma Lithium Resources is set to list in Toronto next week, company executives said on Wednesday, as the Brazil-based lithium mine developer eyes a wave of demand for the metal used in rechargeable batteries for iPhones and electric cars.
- Former Hino GM takes the reigns at Continental Cars – Autocar:
- Design patent case against Tesla holds no truck with experts – Reuters: Electric auto maker Tesla Inc has a strong defense in a lawsuit brought by rival Nikola Corp alleging infringement of patents on semi truck designs, intellectual property lawyers said. Nikola sued Tesla on Tuesday, alleging the planned design for the…
