Ford posts 9% decline in Q2 profit, warns of challenges aheadThu, 28, Jul 2016
Ford said its second-quarter profit fell 9 percent to $1.97 billion and warned of a “very weak third quarter” as U.S. demand softens and the automaker launches redesigned versions of its heavy-duty pickups. Even with the decline, Ford achieved record net income and margin for a half-year period.
Tesla, SolarCity close to merger agreement, report saysSun, 24, Jul 2016
Tesla Motors and SolarCity have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter told Reuters.
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.
NHTSA launches probe of Tesla Model X crash for AutoPilot roleWed, 06, Jul 2016
NHTSA is investigating a July 1 crash in Pennsylvania of a Tesla Model X "to determine whether automated functions were in use at the time of the crash," the agency said.
Tesla told regulators about Autopilot crash 9 days after accidentTue, 05, Jul 2016
Tesla alerted regulators to a fatality in one of its electric cars in partial self-driving Autopilot mode nine days after it crashed, the company said on Tuesday, defending its decision not to make the accident public before a federal investigation was announced.