Nissan at ‘Rock Bottom’ Drops on Dividend Cut, Weak Profit

Bloomberg | May 15, 2019 at 12:11 AM

Nissan Motor Co. shares fell to their lowest since 2012 after predicting annual operating profit below even the most pessimistic analyst’s estimate and cut its dividend for the first time in a decade, giving partner Renault SA a potential opening to push for greater control over their automaking alliance.

Slow Sales In China Highlight Tesla’s Demand Problem

Forbes | May 15, 2019 at 12:00 AM

Yes, I realize Tesla is known for channel-stuffing at the end of its fiscal quarters, but at this point I don’t see any road to achievement of even the low-end of Tesla management’s guidance for 360,000 – 400,000 unit deliveries in 2019–guidance that was reiterated only two weeks ago.

Volvo Cars Reaches Key Battery Deal With LG Chem And CATL Of China

Forbes | May 15, 2019 at 12:00 AM

Such EV battery supply agreements are important because traditional automakers have not made their own before, and because supplies such as LG Chem and CATL are capable of rapidly increasing production in order to drive down the cost of plug-in hybrids and battery-electric vehicles.