Tesla Model 3 critic flips view, sees possible 30% profit margin

The rollout of Tesla's Model 3 electric sedan over the last year was plagued by delays and doubts over whether it could ever be profitable. Now, one of car's early critics has changed his view.

VW Group names Porsche exec as strategy chief

Volkswagen AG named Porsche executive Juergen Rittersberger as its new head of strategy. He replaces Thomas Sedran, who will lead the group's commercial vehicles division.

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