Former GM Exec Bob Lutz: Tesla Is ‘Headed for the Graveyard’
Former General Motors Vice Chairman Bob Lutz discussed Elon Musk’s Tesla in a recent interview stating that the company is “headed for the graveyard.”
Tag: GM
Tesla Posts Loss, Devours Cash — But Promises Model 3 Soon
Tesla stock plunged in after-hours trading Wednesday as the all-electric car maker dropped by over 5 percent following revelations that it spent $622.4 million in the last 90 days in an all-out effort to launch its Model 3 sedan.
Years After ‘Likely’ Quitting Venezuela, GM Pays Price for Doing Business with Dictators
The business world awoke to a headline shocking to American audiences but quite routine for those following the past two decades of socialist rule in Venezuela: the government of dictator Nicolás Maduro had seized GM’s remaining plant in the country.
Tesla Passes Ford, GM as America’s Most Valuable Car Company
Tesla stock jumped by 3 percent on April 10 to pass Ford and GM as America’s most valuable auto maker in just 14 years.
GM Slashes Bolt Roll-out, Betting Trump Cuts Mileage Mandate
General Motors (GM:NYSE) is slashing the rollout of the electric Chevrolet Bolt, despite rave reviews, as America’s largest carmaker foresees Trump radically scaling back federal fuel mileage regulations.
Day After Election, General Motors Announces 2,000 Layoffs in Ohio and Michigan
The day after the 2016 election for president, General Motors announced it was laying off another 2,000 workers in plants in Ohio and Michigan, two states that gave President-elect Donald Trump a major victory on Tuesday.
30-Year-Old Tech Billionaire Kyle Vogt Buys Most Expensive House in SF
The most expensive home in San Francisco, a $21.8 million Baroque Revival-style mansion in Pacific Heights, was purchased by Kyle Vogt this month — the 30-year-old billionaire “Robot Guru” who sold two billion-dollar startups in two years.
TESLA: California Regulators to Demand Cease & Desist Advertising “Auto-pilot”
California Department of Motor Vehicles formally issued draft regulation demanding Tesla Motors Inc. to cease and desist from using the terms “self-driving,” “automated” or “auto-pilot” in advertising, unless vehicles are capable of driving themselves without any human back-up.
Ford Moving All Small Car Manufacturing Out of Detroit and into Mexico
Ford Motors has now announced it intends to move all its small car manufacturing lines out of Detroit and the U.S. and into its Mexico-based plants.
Diamond and Silk Endorse Nehlen over ‘Lyin Ryan’: Nehlen ‘Puts American Workers First’
YouTube stars Diamond and Silk endorsed Paul Nehlen in his August 9th primary election against House Speaker Paul Ryan.
China Already Accounts for Six of Uber’s Top Ten Cities
Despite Apple pouring $1 billion into Chinese domestic ride-share leader Didi Chuxing, Uber promises to topple China’s most popular ride-share service within a year.
STUDY: Obama’s Dismal Economic Recovery Draws Mexican Nationals Back Home
A drawn out Great Recession in the U.S. over the course of Barack Obama’s Presidency is prompting businesses to outsource operations to Mexico and contributes more to Mexicans leaving America than arriving, according to a new Pew Research study. If Pew estimates are accurate,
