CARM

Tesla plays ‘whack-a-mole’ with snags as deliveries fall for first time in two years

July 5 (Reuters) – Tesla Inc (TSLA.O) faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday, as the electric-car maker reported a fall in deliveries for the first time in two years. Stung by China’s COVID-19 lockdowns and soaring costs, Tesla said …

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Nervous staff and no bankers: Western firms struggle to exit Russia

HELSINKI, July 4 (Reuters) – For foreign companies still working out what to do with their stranded Russian assets, President Vladimir Putin’s seizure of a major oil and gas project is a powerful warning: Move fast or else. Companies have been wrestling with how to exit in ways that limit the financial impact, do not …

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German road traffic agency says 59,000 Tesla vehicles have software glitch

FRANKFURT, July 3 (Reuters) – Germany’s road traffic agency said it was recalling Tesla (TSLA.O) models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles globally. The KBA watchdog said on its website dated June 29 that a software flaw was causing a breakdown of the eCall, …

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US factory activity slows to two-year low as clouds gather over economy

Autonomous robots assemble an X model SUV at the BMW manufacturing facility in Greer, South Carolina, US November 4, 2019. REUTERS/Charles Mostoller Register now for FREE unlimited access to Reuters.com Register ISM manufacturing index falls 3.1 points to 53.0 in June New orders, employment contract Construction spending dips 0.1% in May WASHINGTON, July 1 (Reuters) …

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GM calls off plan to sell India car plant to China’s Great Wall

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, US, March 16, 2021. REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI/SHANGHAI, July 1 (Reuters) – General Motors (GM) (GM.N) said on Friday it had called off the sale of a shuttered …

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