Did Amazon Hire GM Executive To Help Build A Self-Driving Car?
Wall Street Journal story about two executive departures at GM included a stray detail that raised eyebrows elsewhere in the financial press.
As GM works through an extensive restructuring in its North American operations that will involve the shuttering of several factories and some 14,000 layoffs, two executives who report directly to CEO Mary Barra are departing the company. Alan Batey, the longtime head of GM's North American business, will be retiring.
Meanwhile, Alicia Boler Davis, GM's global manufacturing chief and reportedly a top Barra lieutenant, is leaving to join Amazon.
Alicia Boler Davis, GM’s head of global manufacturing, is leaving to take a position at Amazon.com Inc., according to people familiar with the matter. Ms. Boler Davis couldn’t be reached for comment and her future position at the retailing giant couldn’t be learned. An Amazon spokesman declined to comment.
Ms. Boler Davis, 49, has been a rising star and one of Ms. Barra’s most trusted lieutenants, having also run the auto maker’s connected-car and quality divisions. She has led manufacturing for nearly three years.
While it's unclear what Davis's role will be at a Amazon, CNBC swiftly followed up by raising an important question: Is Davis's hiring a sign that that Amazon might be working on its own driverless car?
rest at link
https://www.zerohedge.com/news/2019-02-28/did-amazon-hire-gm-executive-help-build-self-driving-car
let's try that again
ty for update. it's about 10-15min as I understand it.
Tesla : debuts $35,000 Model 3, sees loss in first quarter
SAN FRANCISCO (Reuters) - Tesla Inc said on Thursday it would not be profitable in the first quarter, as it offered for the first time a $35,000 version of its Model 3 sedan and said its global sales would now be online-only, steps designed to increase demand and cut overhead costs for the electric vehicle maker.
Chief Executive Elon Musk's warning on profit during a conference call with members of the media, which did not include Reuters, contrasted with Tesla's statements last month that it was expecting a "very small" net profit in the first quarter.
Shares of Tesla fell 3.4 percent after hours. Investors have voiced concerns about whether Tesla would be able to maintain profit margins through cost cutting - such as recent layoffs - as it reduces prices of its newest vehicle.
Still, the price drop could quell concerns from some analysts that demand for the higher-priced versions of the Model 3 was beginning to dry up in the United States, especially after a federal tax credit was cut in half this year.
Tesla, Inc. (TSLA)
After hours trade
309.40 -10.48 (-3.28%)
https://www.marketscreener.com/TESLA-6344549/news/Tesla-debuts-35-000-Model-3-sees-loss-in-first-quarter-28088848/?countview=0
chek'd