The Future Is Today
Shares of auto supplier Garrett Motion Inc. fell by almost half after it warned of a possible balance-sheet restructuring and pointed the finger for its predicament at former parent company Honeywell International Inc. Garrett, which makes automotive turbochargers, was spun…
BERLIN — Continental suffered a nearly 40 percent year-on-year decline in group sales during the second quarter, causing the German supplier to burn cash and forcing it to refrain from providing an outlook for the year. Consolidated group sales declined…
One of the more promising EV startups to come out of China, Byton, has halted operations after failing to secure additional funding. The decision was made by shareholders to facilitate a restructuring, a company spokeswoman told Nikkei on Monday. Under…
Tesla is counting on the Model 3 to help it become profitable. Photo credit: BRIAN WILLIAMS/SPIEDBILDE PHOTOS UPDATED: 5/4/17 4:15 pm ET – adds stock close SAN FRANCISCO — Tesla Inc. assured investors its highly anticipated Model 3 sedan is…
Follow Viknesh General Motors Company [NYSE:GM] is teaming up with an unlikely partner to trial a new mobility service in San Francisco. The 90-day trial will provide Uber drivers with the ability to lease vehicles by the week or longer…