“Tesla posted its first full year of net income in 2020 — but not because of sales to its customers,” reports CNN: Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements — such as Tesla, which exclusively sells electric cars….
Tag: vw
Chip Shortage Hits Global Automakers
A semiconductor shortage is dragging on some of the world’s biggest auto manufacturers, costing Daimler, Nissan Motor, Honda Motor and Ford Motor production of a range of cars. From a report: Mercedes-Benz maker Daimler joined its German peer Volkswagen AG in announcing it’s affected by the industrywide supply bottleneck, without quantifying the impact. Honda said it will cut domestic output by…
Volkswagen CEO Says Apple Can Mount Major Challenge With Auto Push
Volkswagen AG Chief Executive Officer Herbert Diess said cash-rich technology giants invading the auto industry pose a much bigger challenge for the German manufacturer than traditional rivals like Toyota Motor. From a report: “We look forward to new competitors who will certainly accelerate the change in our industry and bring in new skills,” Diess said in a LinkedIn post when asked…
Elon Musk Would Consider Having Tesla Acquire a Legacy Automaker
Elon Musk would consider leveraging Tesla’s mega $554 billion market cap to buy a legacy automaker, but only if it was on friendly terms, the billionaire entrepreneur said Tuesday in a wide-ranging interview with Axel Springer CEO Mathias Dopfner. From a report: Musk, who received an award Tuesday from the media giant, discussed his various interests and businesses, notably SpaceX and…
Volkswagen Seeks Open-Source Approach To Refine Car Operating System
Volkswagen wants to use an open-source approach to refine elements of a software-based car operating system being developed by the carmaker, Christian Senger, its board member responsible for digital services and software, said. From a report: With the advent of autonomous driving, carmakers have been forced to link up radar, camera and ultrasonic sensors and connect them to braking and steering…