Barely 24 hours after Culp became CEO, S&P Global Ratings downgraded the credit ratings of GE (GE) and GE Capital. Moody’s and Fitch warned they could do the same. All three ratings firms cited GE’s elevated leverage and shrinking cash flows — an alarming trend exacerbated by serious problems at […]

This story originally published on October 2, 2018. The company set a placeholder target of $1 billion, which could value the company between $25 and $30 billion, according to its SEC filing. That amount would mark the third largest Chinese IPO to list in the United States since the beginning […]

The company delivered 83,500 vehicles during the third quarter, a strong performance that should calm investor fears about logistical problems and a looming cash crunch. That included almost 56,000 of the lower-priced Model 3. Production was a bit below that number: Tesla said it built about 53,000 Model 3s. But […]

Stadler has left the board of management of Audi parent company Volkswagen (VLKAF) and stepped down as chairman of the premium brand’s management board, the autos group said in a statement Tuesday. “Due to his ongoing pretrial detention, he is unable to fulfill his duties as a member of the […]

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