Profit it is: Tesla reported its first quarterly win for three years as it files a net income of 21.9m dollars, a 145% plus. After 13 consecutive quarterly losses, the EV maker delivered a record 24,821 cars during Q3, over 300 more than estimated. Musk also declared the design of production lines for the Model 3 ready but would not say how many orders have been taken so far.
bbc.co.uk, businessinsider.com, forbes.com, electrek.co (Model 3 production line)
E-mobility capital Bremen: The German town won over another (electric) carmaker as Daimler said it will build the EQ there by the decade’s end. Borgward only yesterday made Bremen its production site of choice but Mercedes already has a facility in Bremen, where it will produce the fuel cell GLC, too.
Electric competence: Supplier ElrigKlinger is to become a strategic shareholder of Hofer AG as it looks to strengthen its drive train capabilities. Hofer offers expertise in hybrid and electric applications which ElrigKlinger hopes to tap into for an undeclared amount in the two-digit million realm.
welt.de (in German)
Motor magnate: Hitachi Metals will invest about 18bn yen (172m USD) in production lines for Neodymium-Iron-Boron magnets and ferrite magnets in Japan by 2018. It seeks to satisfy surging demand from the automotive sector that utilises magnets for electric motors for PHEV.
Nissan commits to the UK as it plans to build another two models at the Sunderland plant. Both the next Qashqai and X-Trail will roll off the production lines after the Japanese carmaker was reassured by the British government that fallouts from Brexit would be compensated – in some form or another.
europe.autonews.com, fleetnews.co.uk, newsroom.nissan-global.com
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