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Tesla's shift on low-cost cars throws Mexico, India factory plans into limbo

Tesla said
on Tuesday that it will use its existing factories to build new
and more affordable vehicles as early as late this year, leaving
investments in new factories in Mexico and India unlikely in...

India , Texas , United-states , Mexico , Peter-henderson , Lars-moravy , Hyunjoo-jin , Leslie-adler , Elliot-johnson , Abhirup-roy , Reuters , India-prime-minister-narendra-modi

Tesla's shift on low-cost cars throws Mexico, India factory plans into limbo

Tesla said on Tuesday that it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in Mexico and India unlikely in the near term. The world's top EV maker said it plans to raise production by 50% from 2023 to its current capacity of close to 3 million vehicles before investing in new manufacturing lines. "This update may result in achieving less cost reduction than previously expected but enables us to prudently grow our vehicle volumes in a more capex efficient manner during uncertain times," the company said.

India , Texas , United-states , Mexico , Lars-moravy , Elliot-johnson , Hyunjoo-jin , Leslie-adler , Peter-henderson , Abhirup-roy , Reuters , India-prime-minister-narendra-modi

General Motors beats quarterly results targets, raises forecast

DETROIT (Reuters) -General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised its annual forecast, citing stable pricing and demand for its gas-engine vehicles, sending shares up 4.9% in pre-market trading. “Our consumer has been remarkably resilient in this period of higher interest rates,” GM Chief Financial Officer Paul Jacobson said. Despite the company's struggles in China and with electric vehicles, strong vehicle pricing with gasoline-powered trucks pleased investors.

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General Motors Beats Quarterly Results Targets, Raises Forecast

General Motors Beats Quarterly Results Targets, Raises Forecast
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

Phoenix , Arizona , United-states , China , New-york , Tennessee , Ohio , Michigan , Chinese , Peter-henderson , Nora-eckert , Paul-jacobson

UPDATE 1-Airbus wins reprieve from Canadian sanctions on Russian titanium

AIRBUS-CANADA/TITANIUM (UPDATE 1):UPDATE 1-Airbus wins reprieve from Canadian sanctions on Russian titanium

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Sheldon's 2024-25 season leaning into roots music

What's coming to the Sheldon next season? We've got your sneak peek!

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UAW clinches watershed union victory at Volkswagen Tennessee factory

Workers at
Volkswagen's Tennessee plant have voted to join the
United Auto Workers, the union said on Friday, calling victory
after an unofficial tally showed a majority of eligible workers
had cast...

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UAW Clinches Watershed Union Victory at Volkswagen Tennessee Factory

UAW Clinches Watershed Union Victory at Volkswagen Tennessee Factory
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

Mississippi , United-states , Alabama , Pennsylvania , Chattanooga , Tennessee , Missouri , Peter-henderson , Edwina-gibbs , Lisa-elliott , Nora-eckert , Seth-herald

After VW plant victory, UAW sets its sights on Mercedes in Alabama

The United
Auto Workers has made history by winning its first unionization
vote at an auto factory in the U.S. South. Now it needs to prove
the success wasn't a fluke by pulling off a second victory...

Missouri , United-states , Tennessee , Alabama , Chattanooga , Peter-henderson , Nora-eckert , Jeremy-bowman , Edwina-gibbs , John-logan , Shawn-fain , Volkswagen

After VW Plant Victory, UAW Sets Its Sights on Mercedes in Alabama

After VW Plant Victory, UAW Sets Its Sights on Mercedes in Alabama
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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