23 Articles
Oct 23, 2019 Official
Tesla posts surprise quarterly profit, sets deliveries record

Stock shoots up in after-hours trading

Shares of the company shot up 14% to $291.39 in extended trading after Tesla also confirmed that it was producing vehicles on a trial basis at its Gigafactory in Shanghai. "We have cleared initial milestones toward our manufacturing license and are working towards finalizing the license and meeting other governmental requirements before we begin ramping production and delivery of vehicles from Shanghai," the company said in a statement. Tesla's Model 3 is the backbone of its growth strategy a

Reuters
Oct 23, 2019 Official
Ford posts lower Q3 profit, trims its full-year outlook

The quarter included some big restructuring expenses

Ford Motor Co on Wednesday posted a lower quarterly profit as it took charges for its global restructuring, and reduced its full-year operating profit forecast due to higher warranty and incentive costs, as well as lower-than-expected sales in China. The No. 2 U.S. automaker reported a third-quarter net profit of $425 million (£329.84 million), or 11 cents a share, compared with $991 million, or 25 cents a share, a year earlier. The quarter included $1.5 billion in special charges, mostl

Reuters
Oct 23, 2019 Report
American drivers warming to self-driving cars

About 40% are cool with it, survey says

The survey of 1,040 American adults over the age of 18 revealed that drivers are ready for more self-driving cars on the road and have plans to make them an extension of their homes and offices. Following the leads of General Motors Co , Uber Technologies Inc and Apple Inc , South Korean carmaker Hyundai Motor Group this month unveiled bold plans to invest in autonomous vehicles and other related systems. Lyft Inc has also said it will invest heavily

Reuters
Oct 23, 2019 Official
Honda brings forward goal to be fully electrified in Europe to 2022

Honda previously planned for all electrified in Europe by 2025

Japanese carmaker Honda has brought forward a goal to only sell electric and hybrid cars in Europe by three years to 2022, a leading company executive said on Wednesday. Last month, Honda said it would phase out all diesel vehicle sales in Europe by 2021 in favour of electrified vehicles. Gardner made the announcement in Amsterdam, where Honda was presenting the new fully-electric Jazz model for the European market.

Reuters
Oct 23, 2019
Protesters sing 'Baby Shark' to toddler in car — and now it's their theme song

Maybe the government will meet their demands just to make them stop

When driver Eliane Jabbour was surrounded by a rally in the capital last weekend, she asked protesters if they could stop shouting as her young son, Robin, was asleep in the front passenger seat. On the spot, Eliane relates, the crowd spontaneously broke out into a rendition of the song "Baby Shark", complete with hand gestures depicting a shark's bite, and big smiles.

Reuters
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