Tesla shareholders comply with board suggestions at annual assembly

August 4 (Reuters) – Tesla Inc (TSLA.O) Shareholders voted on the board’s recommendations on most issues at the company’s annual meeting on Thursday, including re-electing directors, passing a stock split, and reject proposals that focus on environment and governance. The votes for three of the 13 proposals did not follow the board’s recommendations, according to … Read more

US Congressman Walorski, two staff die in automobile crash in Indiana

WASHINGTON, Aug. 3 (Reuters) – U.S. Representative Jackie Walorski and two of her staff members died on Wednesday when the vehicle they were traveling in collided head-on with a car entering their lane. them, Indiana police and her office said. Walorski, 58, a Republican representing Indiana’s 2nd constituency in the US House of Representatives, was … Read more

Shenzhen promotes China’s driverless automotive dream

SHENZHEN, China, August 1 (Reuters) – On a busy street in the city center, three delivery bikes suddenly swerved across the pedestrian crossing in front of cars. On a car’s dashboard, they look like little 3D blue blocks from a 1990s video game. The steering wheel shifts by itself and the car comes to a … Read more

Wall St elevated sharply within the second day; Amazon, Apple leapfrogging after hours

US economic contract in the second quarter Meta Platform revenue drops for the first time Ford shares rise after results Indices: 1% down, S&P 500 up 1.2%, Nasdaq up 1.1% NEW YORK, JULY 28 (Reuters) – U.S. stocks rose on Thursday for a second day, with all three major indexes ending more than 1% as … Read more

Unique: Hyundai subsidiary used youngster labor at Alabama manufacturing unit

LUVERNE, Alabama, July 22 (Reuters) – A subsidiary of Hyundai Motor Co used child labor at a plant that supplied parts for the South Korean carmaker’s assembly line in Nearby Montgomery, Alabama, according to area police, the families of three underage workers, and eight former and current employees of the plant. The underage workers, in … Read more

Ford proclaims sequence of offers to speed up EV

Ford CEO Jim Farley attends the official launch of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, USA on April 26, 2022. REUTERS / Rebecca Cook / File Photo Sign up now for FREE unlimited access to Reuters.com Register DETROIT, July 21 (Reuters) – Ford … Read more

S&P 500, Nasdaq increased due to Tesla’s rise

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2022. REUTERS / Brendan McDermid / File Photo Sign up now for FREE unlimited access to Reuters.com Register Tesla shares rise as earnings beat expectations Energy stocks lead industry slump AT&T extends the communications service industry … Read more

Baidu launches self-driving automobile with out a steering wheel

BEIJING, July 21 (Reuters) – China’s search giant Baidu Inc on Thursday unveiled a new autonomous vehicle (AV) with a detachable steering wheel, with plans to include it use for their robotaxi service in China next year. Baidu says the price per unit will drop to 250,000 yuan ($37,031.55) for the new model, from 480,000 … Read more

Tesla income prime goal; Musk sees no drawback with demand

The Tesla logo is seen in Los Angeles, California, U.S., January 12, 2018. REUTERS / Lucy Nicholson Sign up now for FREE unlimited access to Reuters.com Register July 20 (Reuters) – Tesla Inc (TSLA.O) on Wednesday reported a smaller-than-expected drop in quarterly profit as its electric vehicle (EV) price increase streak helped offset manufacturing challenges … Read more

Bitcoin recovers after information of Tesla promoting 75% stake

A representation of the virtual cryptocurrency Bitcoin is seen in this illustration image taken October 19, 2021. REUTERS / Edgar Su / File Photo Sign up now for FREE unlimited access to Reuters.com Register NEW YORK, July 20 (Reuters) – Bitcoin bounced back after a brief sell-off late Wednesday sparked by news that electric carmaker … Read more