tom krisher

DETROIT | New Tesla chairwoman’s biggest challenge is controlling Musk

DETROIT  — Australian telecommunications executive Robyn Denholm brings much-needed financial and auto industry expertise to her new role as Tesla’s board chairwoman, but her biggest challenge is whether she can rein in a CEO with a proclivity for misbehavior. Denholm, who has been a Tesla board member for nearly five years, was named to the … Continue reading DETROIT | New Tesla chairwoman’s biggest challenge is controlling Musk

SAN FRANCISCO | Tesla delivers on Elon Musk’s 3Q profit pledge

SAN FRANCISCO — Tesla Motors delivered on CEO Elon Musk’s promise to make money during its latest quarter after fulfilling his pledge to boost production of its first electric car designed for the mass market. The company earned $311.5 million during the three months ending in September, swinging from a loss of $619 million at … Continue reading SAN FRANCISCO | Tesla delivers on Elon Musk’s 3Q profit pledge

DEARBORN, Mich. | Ford’s 3Q net profit falls 37 percent on slowing sales

DEARBORN, Mich.— Ford Motor Co.’s net profit fell 37 percent in the third quarter as sales slowed in the U.S. and China. The company says it made $991 million from July through September, or 25 cents per share. Revenue was up 3 percent to $37.67 billion Excluding one-time items, Ford says it made 29 cents … Continue reading DEARBORN, Mich. | Ford’s 3Q net profit falls 37 percent on slowing sales

DEARBORN, Mich. | Investors seek restructuring details in Ford 3Q results

DEARBORN, Mich. — When Ford Motor Co. reports third-quarter earnings Wednesday afternoon, investors will be looking for details on how the company plans to remake itself. Ford CEO Jim Hackett has promised $11 billion in cuts over five years as the company resizes to better compete globally, and it has confirmed that some employees will … Continue reading DEARBORN, Mich. | Investors seek restructuring details in Ford 3Q results

DETROIT | Tesla without Musk at the wheel? It’s what the SEC now wants

DETROIT— Tesla without Elon Musk at the wheel? To many of the electric car maker’s customers and investors that would be unthinkable. But that’s what government securities regulators now want to see. The Securities and Exchange Commission has asked a federal court to oust Musk as Tesla’s chairman and CEO, alleging he committed securities fraud … Continue reading DETROIT | Tesla without Musk at the wheel? It’s what the SEC now wants

DETROIT | SEC seeks to oust Tesla CEO Elon Musk over go-private tweet

DETOITR— U.S. securities regulators are asking a federal court to oust Tesla Inc. CEO Elon Musk, alleging in a complaint that he committed securities fraud with false statements about plans to take the company private. The Securities and Exchange Commission says in the complaint filed Thursday that Musk falsely claimed in an Aug. 7 statement … Continue reading DETROIT | SEC seeks to oust Tesla CEO Elon Musk over go-private tweet

DETROIT | More US corporate giants warn tariffs will mean price hikes

DETROIT— From Ford to Walmart to Procter & Gamble, a growing number of iconic American companies are warning that President Donald Trump‘s tariffs on U.S. imports are raising their costs and prices. Jim Hackett, CEO of Ford, the second-largest U.S.-based automaker, said Wednesday that Trump’s taxes on imported steel and aluminum are costing Ford $1 … Continue reading DETROIT | More US corporate giants warn tariffs will mean price hikes

Another day at Tesla: Execs depart, Musk invites controversy

Another executive departure, another controversy over the CEO’s behavior, another stock drop. Another typical day at Tesla. Although the details change, the pattern stays the same. This time, the executive departure is David Morton, chief accounting officer at Tesla Inc., who called it quits after just a month on the job. The controversy is over … Continue reading Another day at Tesla: Execs depart, Musk invites controversy