Tag Archives: AUTOMAKER

Tesla automaker

Tesla CFO leaves as automaker promises profits and cheaper cars

01 January, 2019 8:46 am 8:46 am

(Reuters) – Tesla Inc’s chief financial officer will leave the company as the automaker  promised cheaper Model 3 sedans, the launch of Chinese production this year and profits in every quarter in 2019. The departure of Deepak Ahuja as well as missing Wall Street profit targets for the end of 2018, sent Tesla shares down … Read More

Volkswagen Group automaker light-duty vehicles Renault SA Nissan Motor Co Ltd Mitsubishi Motors Corp

Renault-Nissan group sold most cars last year, but VW’s No.1 includin...

01 January, 2019 9:40 pm 9:40 pm

TOKYO (Reuters) – Volkswagen Group has held on to its position as the world’s top-selling automaker for the fifth year in a row, although the German group was edged out again by the Renault-Nissan-Mitsubishi alliance in the light-duty vehicles segment. Renault SA, Nissan Motor Co Ltd and Mitsubishi Motors Corp together sold 10.76 million passenger … Read More

BMW names Vukotich as new head of autonomous driving development

12 December, 2018 12:01 pm 12:01 pm

FRANKFURT (Reuters) – Germany luxury carmaker BMW said Alejandro Vukotich will be the new head of its driver assistance and autonomous driving development department from January 2019. Vukotich will replace Elmar Frickenstein, who has been in charge of the department since it was created in May 2016 and who will retire after a three-month handover … Read More

Tesla is making its own car carriers

09 September, 2018 9:23 am 9:23 am

CALIFORNIA (Reuters) – Tesla Inc  is building its own car carriers, as the electric carmaker faces vehicle distribution problems. The company is upgrading its logistics system but running into an “extreme” shortage of car carrier trailers, Chief Executive Elon Musk tweeted on Monday in response to a customer, who placed order for a Model 3 … Read More