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Tesla Posts 4Q Profit as Revenue Soars
1/31/2019Tesla Inc. reports its revenue in last year’s final quarter soared to $6.3 billion from $2.7 billion in the same period in 2017.
Car Production in U.K. Drops to 5-Year Low
1/31/2019British assembly plants built 1.52 million vehicles in 2018, down 9% from the previous year, according to the Society of Motor Manufacturers and Traders.
India Cuts Duties 50% on Imported EVs and Components
1/31/2019The Indian government aims to help develop the country’s fledgling electric car industry by lowering its import tariffs on EV components to 15% from 30%.
Federal Reserve Signals Pause in Interest Rate Hikes
1/30/2019The Federal Reserve agreed unanimously today to leave overnight lending rates unchanged and indicates it is “patient” about further increases.
German Auto Industry Vows to Fight Anti-Car “Crusade”
1/30/2019The head of German auto industry lobbying group VDA vows a “louder” opposition to what he calls a “crusade against the car.”
VW Moves Forward with Plans to Share EV Platform
1/30/2019Volkswagen AG is in advanced talks about providing its MEB (modular electric toolkit) platform with competitors.
Skoda Plans Compact Crossover for Europe
1/30/2019Volkswagen AG’s Skoda unit is repurposing the Kamiq nameplate it launched last year in China on an all-new model that will bow this year in Europe.
Bosch Sales Rise 2% as Pretax Earnings Stall
1/30/2019Robert Bosch GmbH report that its adjusted revenue in 2018 grew 2% to a record €77.9 billion ($89 billion).
Ginetta Teases 600-hp Supercar
1/30/2019U.K.-based specialty builder Ginetta Cars Ltd. plans to unveil a new supercar in March at the Geneva auto show.
Tesla Faces $920 Million Cash Call
1/30/2019Tesla Inc. must make a $920 million debt payment on March 1 unless its share price zooms more than 20% by then.