Focusing on electrification, Mr Musk apologized for some of the “low severance pay”.
“in the process of restructuring Tesla, I noticed some unreasonably low severance pay,” Mr Musk said in a brief email to employees.
I apologize for this mistake.
We will correct it immediately.
” Investors: it’s hard to keep bullish on Tesla without low-cost cars.
Wall Street’s famous Tesla investor David Baron warns that if Tesla CEO Musk abandons his long-held goal of providing low-cost cars to Volkswagen, it will be difficult for him to continue to be bullish on Tesla.
Focusing on traditional automakers, Geely plans to sell Volvo AB Class B shares, and Zhejiang Geely Holdings Group announced plans to liquidate the Class B shares of truck maker Volvo Group, worth 14.
46 billion Swedish kronor ($1.
32 billion) based on the closing price in Stockholm.
Geely said in a statement that the move was “in line with Geely’s long-term strategy”.
Toyota’s new Camry uses a four-cylinder engine.
Toyota said the new Camry, which will go on sale at U.S. dealers this spring, will abandon its long-standing main model, the Vmur.
switch to a four-cylinder engine paired with an electric motor.
Mercedes-Benz American workers will vote on whether to join the UAW in May, and workers at Mercedes-Benz’s new car plant in Alabama will vote on whether to join the United Auto Workers (UAW) between May 13 and 17, according to the National Labor Relations Board (NLRB).
Focusing on the supply chain, Bosch’s sales in fiscal year 2023 reached 91.
6 billion euros, and in fiscal year 2023, despite the adverse economic situation and market environment, Bosch achieved sales of 91.
6 billion euros, an increase of 3.
8%, and 8% after adjusting the exchange rate.
Earnings before interest and tax (EBIT) were 4.
8 billion euros (3.
8 billion euros in fiscal year 2022).
The profit margin before interest and tax was 5.
3 per cent, up 1 per cent from the previous year.
Even if the increase is higher than expected, it is still below the long-term profit margin target of at least 7 per cent.
Bosch plans to achieve this goal by 2026.
Focusing on industrial and economic policy, new car sales in Europe fell 2.
8% in March.
As carmakers such as Volkswagen Group and Stellantis face weak demand, especially for electric vehicles, the number of new car registrations in Europe fell 2.
8% in March from a year earlier, the second decline in four months.
It is worth mentioning that sales of all-electric vehicles in Europe fell 11 per cent as demand cooled in Germany, Sweden and Norway.
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