Automakers And Suppliers

Musk's 'no new capital' promise faces scrutiny when Tesla reports results

Investors are accustomed to the promises of Elon Musk, but his assertion that Tesla will not need more funds this year has many scratching their heads. How can Musk deliver without fresh cash?


BorgWarner Q1 income surges 19 percent on currency gain, acquisition

BorgWarner Inc. said its net income grew 19 percent to $225 million, as the auto supplier's profits were fueled by a $200 million foreign-currency gain.

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