13 Articles
Nov 24, 2020 Green
Tesla mulls expanding in Europe with compact vehicles, says Musk

'Perhaps a hatchback or something like that'

U.S. electric vehicle maker Tesla is looking at expanding in Europe by entering the mass-market segment with a compact car, Chief Executive Elon Musk said on Tuesday. "Possibly in Europe it would make sense to do, I guess, a compact car, perhaps a hatchback or something like that," Musk told an European online conference on batteries hosted by the German government. "In the U.S., the cars tend to be bigger for personal taste reasons," he said.

Reuters
Nov 24, 2020 Official
Ford orders 12 ultra-cold freezers to distribute COVID-19 vaccines to employees

Ford plans to make 'vaccine available to our employees on a voluntary basis'

Ford Motor Co said on Tuesday it has ordered a dozen ultra-cold freezers that can safely store Pfizer Inc's COVID-19 vaccine, a move aimed at ensuring the U.S. automaker's workers have access to vaccines when they are rolled out nationally. Ford's purchase mirrors efforts by U.S. states and cities to buy equipment to store millions of doses of Pfizer's vaccine at temperatures of minus 70 Celsius (minus 94 Fahrenheit), significantly below the standard for vaccines of 2-8 C (36-46 F). Health car

Reuters
Nov 24, 2020 ETC
Tesla breaches $500 billion in market value

That puts Elon Musk ahead of Bill Gates as second-richest person in the world

Shares of the electric-car maker have risen nearly 28% since the S&P Dow Jones Indices confirmed they would add the company to Wall Street's benchmark index from Dec. 21. The recent rally has also boosted Chief Executive Officer Elon Musk's net worth by $7.2 billion to $127.9 billion, helping him go past Bill Gates to become the world's second-richest person, according to the Bloomberg Billionaires Index. Tesla has become by far the world's most valuable automaker, despite a production that is

Reuters
Nov 24, 2020 Report
Farley aims to tackle Ford's warranty costs in bid to boost profit

Ford's warranty costs for the first nine months of 2020 were $2B higher than GM's

Quality is once again Job One at Ford Motor Co. Taking a page from the automaker's ad slogan of the 1980s and '90s, Ford's new chief executive, Jim Farley, is aiming to rein in rising warranty repair costs that are a key reason why the Dearborn, Michigan, automaker's financial performance in North America has lagged that of its archrival, General Motors Co. As part of its new effort to cut warranty costs, Ford has told suppliers it will charge them upfront for half the cost of a warranty probl

Reuters
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