Tag Archives: Automobiles

GM shifts its president to CEO spot at Cruise

General Motors has shuffled its executive team to put its president, Dan Ammann, into the CEO spot at its autonomous-vehicle subsidiary, Cruise Automation. Cruise co-founder Kyle Vogt will move out of the CEO role and partner with Ammann to set the … Continue reading

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Audi and Airbus show off mini-me flying car

A flying car developed by Airbus, Audi and Italdesign took a high-profile test flight today at the Amsterdam Drone Week conference, but its size was low-profile. The modular vehicle was a quarter-scale demonstration model of the “Pop.Up Next” transportation system … Continue reading

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GM’s self-driving car venture plans Seattle office

Cruise Automation, General Motors’ autonomous-vehicle subsidiary, says it’s getting ready to open up an office in the Seattle area that could employ as many as 200 engineers within a year. Don’t expect Cruise to start putting its self-driving Chevy Bolts … Continue reading

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After drama, Tesla posts ‘historic’ quarterly report

Tesla shares jumped more than 10 percent in after-hours trading today after the controversial electric-car company posted a surprisingly positive quarterly report, including a profit rather than a loss. Adjusted net income for the third quarter amounted to $312 million, … Continue reading

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SEC settlement buoys Tesla share prices

Tesla’s share price jumped today as dramatically as it fell on Sept. 28, thanks largely to this weekend’s settlement of the Securities and Exchange Commission’s complaints against the company and its CEO, Elon Musk. After falling 14 percent on Sept. 28, … Continue reading

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Elon Musk agrees to resign as Tesla chairman

By Todd Bishop and Alan Boyle Elon Musk has agreed to step down as Tesla’s chairman for three years but will remain CEO of the electric car maker, under the terms of documents filed today to settle a securities fraud … Continue reading

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Elon Musk calls SEC charges ‘unjustified’

Update: Elon Musk and Tesla settle with SEC. Tesla’s billionaire CEO and chairman, Elon Musk, is calling the Securities and Exchange Commission’s fraud claims against him “unjustified” after reportedly passing up a settlement deal that would have temporarily forced him from … Continue reading

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