Tesla’s July sales of Chinese-made vehicles slide due to factory line upgrades

Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 9 (Reuters) – Tesla ( TSLA.O ) sold 28,217 Chinese-made vehicles in July, nearly two-thirds less than a month earlier as … Read more

Analysis: Why the banks financing Musk’s Twitter deal are unlikely to be able to help him walk away

An image of Elon Musk is seen on smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 5 (Reuters) – The banks that agreed to finance Elon Musk’s $44 billion acquisition of Twitter Inc (TWTR.N) have a … Read more

Amazon sees summer windfall on higher fees and Prime Day sales

The logo of Amazon is seen at the company’s logistics center in Bretigny-sur-Orge, near Paris, France, December 7, 2021. REUTERS/Gonzalo Fuentes GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register July 28 (Reuters) – Amazon.com Inc (AMZN.O) on Thursday said it expects a jump in third-quarter revenue, as the retailer collects … Read more

GM affirms 2022 profit outlook but net income sinks; shares drop

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, US, March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com Register DETROIT, July 26 (Reuters) – General Motors Co (GM.N) on Tuesday reaffirmed its full-year profit outlook on … Read more

Consensus-driven Blume to usher in new leadership era at Volkswagen

Oliver Blume, CEO of luxury car manufacturer Porsche AG, speaks at the Automobilwoche car summit in Ludwigsburg, Germany, November 10, 2021. REUTERS/Andreas Gebert Register now for FREE unlimited access to Reuters.com Register FRANKFURT, July 22 (Reuters) – The appointment of Oliver Blume as the next boss of Volkswagen (VOWG_p.DE) heralds a change in management style … Read more

S.Korean EV battery maker SK On seeks $3.1 bln in pre-IPO funding – newspaper

The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/ Register now for FREE unlimited access to Reuters.com Register SEOUL, July 21 (Reuters) – South Korean electric vehicle (EV) battery maker SK On has been in talks with global private equity firms to raise … Read more

Electrified cars market share grows in Europe as total sales fall

An Ionity electric vehicle charging station is pictured on the motorway service station “Dresdner Tor Sued” near Dresden, Germany, August 27, 2019. REUTERS / Annegret Hilse Register now for FREE unlimited access to Reuters.com Register BERLIN, July 20 (Reuters) – The share of battery-electric cars among new registrations in Europe grew to 9.9% in April … Read more

As EVs go mainstream, a rush for share of the home charger market

BEDFORD, England, July 20 (Reuters) – With electric vehicles (EVs) catching on, the scramble for market share among startups selling home chargers is heating up and that will feed further dealmaking in the sector as tens of millions of units are installed globally over the next decade. According to a Reuters analysis, more than 100 … Read more

Tesla EV sales gaining momentum in Australia – chair

A Tesla Model S electric vehicle is shown in San Francisco, California. US, April 7, 2016. Alexandria Sage / File Photo Register now for FREE unlimited access to Reuters.com Register MELBOURNE, July 19 (Reuters) – Tesla Inc’s (TSLA.O) electric vehicle (EV) sales are rapidly picking up off a low base in Australia and are set … Read more

Europe car sales lowest since 1996 after 12-month decline

Vauxhall cars are transported on a lorry in Luton, Britain March 6, 2017. REUTERS / Neil Hall Register now for FREE unlimited access to Reuters.com Register BERLIN, July 15 (Reuters) – Europe registered the lowest number of new passenger cars in the month of June this year since 1996 at just over 1.06 million vehicles, … Read more