As talks falter, UAW calls first national strike against GM since 2007

DETROIT (Reuters) – The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 years. “We do not take this lightly,” Terry Dittes, the UAW vice president in […]

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Tesla scouting sites for possible factory in Germany's NRW: Rheinische Post

FRANKFURT (Reuters) – Electric carmaker Tesla (TSLA.O) is scouting out locations for a possible factory in the German state of North Rhine-Westphalia (NRW), Germany’s most populous state, daily Rheinische Post reported on Sunday, citing people familiar with the matter. First inspections have taken place, the paper said. Tesla spokespeople in Europe were not immediately available for comment. Tesla Chief Executive […]

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Walmart’s lawsuit over solar panel fires is the latest ‘tarnish’ on Tesla, analyst says

Walmart Inc.’s lawsuit against Tesla Inc. over several roof fires that the retailer blames on solar panels is “yet another blow to the already tarnished” solar business at Tesla TSLA, -2.16% , analysts at ISI Evercore said in a note Wednesday. Walmart WMT, +0.13%is suing for breach of contract, alleging “gross negligence” on Tesla’s part for the fires, which it says started […]

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BMW profits drop on higher costs, spending for new tech

FRANKFURT, Germany (AP) — Luxury automaker BMW BMW, +1.30%  saw net profit fall 29% to 1.48 billion euros ($1.63 billion) in the second quarter from a year earlier as profits were reduced by higher spending on revamping factories and on new technologies such as battery-only cars and smartphone-based services. The company said Thursday vehicle sales and revenue increased in the […]

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Daimler issues profit warning over costly diesel issues

FRANKFURT, Germany (AP) — Automaker Daimler said Sunday that profits for the second quarter will be hit by troubles with diesel vehicles from its Mercedes-Benz brand and downgraded its earnings forecast for the full year. The company said in a news release that it would be hit by “a high three-digit million” euro increase in charges related to ongoing government […]

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Tesla shareholder meeting is a ‘fork in the road’ for the car maker

Tesla Inc.’s annual shareholder meeting next week presents a “fork in the road” for the Silicon Valley electric-car maker, beset by concerns about demand for its vehicles and the health of its balance sheet. Tesla’s meeting is scheduled for Tuesday at 2:30 p.m. Pacific. It will be webcast. After hitting multi-year lows in recent sessions, Tesla TSLA, -0.58% shares recouped some […]

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