For Elon Musk, Tesla's impresario, the latest act falls flatFri, 22, Jul 2016
The hints, the tweets, the will-he-or-won't-he suspense. It was classic showman Elon Musk. Then his much-hyped 1,500-word manifesto dropped and -- whiff.
Musk's new Tesla 'master plan' comes with big price tagThu, 21, Jul 2016
Elon Musk's latest "master plan" for Tesla Motors to develop an electric commercial truck, a public bus, a pickup and systems to enable fully autonomous driving, could cost $2 billion to $3 billion or more, experts and analysts said Thursday.
GM Q2 net income more than doubles to $2.87 billionThu, 21, Jul 2016
General Motors' strategy of focusing on retail sales in North America paid off in the second quarter, with net income more than doubling from the year-earlier quarter. GM reported overall net income of $2.87 billion in the second quarter, up from $1.12 billion in the second quarter of 2015.
Dana Q2 net income falls 10% as company tweaks its corporate nameThu, 21, Jul 2016
Dana Holding today reported a 10 percent decline in second-quarter net income to $53 million on lower sales in its commercial vehicle and off-highway driveline units. The company also tweaked its official name for the second time in eight years.
Tesla probed by SEC over disclosure of fatal crash, report saysMon, 11, Jul 2016
The U.S. Securities and Exchange Commission is probing Tesla Motors for a possible breach of securities law stemming from Tesla's decision not to inform investors of a May 7 fatal crash involving its Autopilot automated driving system, according to a newspaper report.
Tesla investor group wants more independent board, cites Musk tiesTue, 28, Jun 2016
An investor group called on Tesla to add two independent directors to its board and separate the roles of chairman and chief executive as it highlighted founder and CEO Elon Musk's dominance of the board in the wake of Tesla's proposed bid for SolarCity.
Lyft hires investment banker Qatalyst to explore options, report saysMon, 27, Jun 2016
Lyft, the U.S. ride-hailing startup with ties to General Motors, is working with Qatalyst Partners to explore deal options, a person familiar with the matter told Bloomberg.
Legal hassles possible for U.S. companies in wake of BrexitFri, 24, Jun 2016
International automotive companies should prepare for tricky legal issues -- especially on trademarks and trade treaties -- as the United Kingdom exits the EU. That's the advice from Jeff Sadowski, a suburban Detroit patent attorney for Howard and Howard.
Penske Automotive, Group 1 shares plunge after Brexit voteFri, 24, Jun 2016
Shares of Penske Automotive Group and Group 1 Automotive, two of the three largest U.S. dealership groups, fell Friday to their lowest levels since February on concerns over the U.K.'s decision to leave the European Union.
Musk’s SolarCity bid a rare time investors don't buy his visionFri, 24, Jun 2016
Elon Musk is accustomed to shareholders snapping up whatever his Tesla Motors Inc. has to sell. Now his plan to merge the electric-car maker with struggling SolarCity has him confronting a rare case of investor unrest.