The high walls of industrial buildings at Volkswagen‘s assembly plant in the heart of northwest China‘s Xinjiang region extend for hundreds of yards, once a symbol of German industrial might and now a marker of Volkswagen’s business and political quagmire in China. For four decades, Volkswagen Group was the market leader in China, where drivers … Read more
Electric car giant Tesla‘s decision to cut prices to drive up sales volume reflects the pressure it faces from competition and an ageing product line-up, Ford Chief Executive Jim Farley said on Thursday. Farley said Tesla’s price cuts underscore intense competition in the two-row crossover or SUV segment of the auto market, where Tesla’s best-selling … Read more
By Joel Rosenblatt A former Tesla Inc. software engineer was ordered to appear before a judge to face allegations that three days into his job, he started stealing confidential files and transferring them to a personal storage account. During his two-week employment ending Jan. 6, Alex Khatilov stole more than 6,000 scripts, or files of … Read more