Tom Zhu becomes Tesla’s highest-profile executive after CEO Elon Musk, with oversight of deliveries in major markets and operations of key production hubs, according to an internal posting of reporting lines.

Tesla has promoted its head of China operations, Tom Chu, to direct supervision of the electric car maker’s US assembly plants and sales in both North America and Europe, according to reports seen by Reuters.
The company said Chu’s primary position in Greater China had not changed, and that he also retained his responsibilities as Tesla’s chief sales executive for the rest of Asia. Zhou is thus the highest-profile CEO of the electric auto giant after CEO and owner Elon Musk, with direct oversight of deliveries in all markets and operations of major production centers.

Tom Zhu

Chu’s appointment to a global position comes at a time when Musk’s preoccupations have increased after his acquisition of Twitter a few months ago, and Tesla’s stock fell by 65% in 2022. Analysts and investors believe that this measure would deepen Musk’s senior executive business and allow him to focus more on his business.
Tesla’s head in China played a major role in the recovery of its Shanghai factory, and in helping the company recover strongly from the epidemic closures in China, which is the largest international market for the auto industry.

Late last year, Tesla brought in a team of executives from its China subsidiary headed by Tom Zhu to troubleshoot production issues in the United States. His promotion comes as Tesla is preparing for the launch of the Cybertruck and a refreshed version of the Model 3.

Tesla said on earlier that it had delivered 405,278 vehicles in the fourth quarter, short of Wall Street estimates, according to data compiled by Definitive. The company had delivered 308,600 vehicles in the same period a year earlier.

You may have heard about these two outstanding autos: Ferrari 296 GTB and McLaren Artura. These two autos are some of the most competitive autos worldwide. As natural weather conditions such as rain make challenge for drivers, development heats the competition between autos. However, these two autos may not be crystal clear rivals in terms of prices and so on. But they are competitors in other aspects. Both of the autos are similar in sharing many outstanding aspects. For instance, both of them do have 3.0 liter V6 engine which has a twin turbo engine. The gear box made out of 8-speed dual-clutch with perfect and smooth transmission for one speed to another. In addition, they have an axial flux e-motor and a perfect gear ratios. The batteries are 7.4k Wh and these on turn increase the performance.

Further Characteristics

There is a kind of line-up between the two in terms of hybrid technology. Both of them allow you to experience a quiet different world of technology experience. Another additional features for Ferrari 296 GTB and McLaren Artura is that they improved their chassis controls and powertrain. The brake pedal of Artura is softy attached to the left-foot side. Furthermore, when you choose the Hybrid mode, you will experience a soft transmission. The sound system of both cars is much more musical than its counterpart.

It is true that the competition between the two is so hard and so tough. However, each of the previously mentioned auto has its own characteristics and features. Auto fans also are of various tastes, some prefer technology while others value design, and some others prioritize performance. However, following any of the previously mentioned outstanding characteristic is valuable. In conclusion, Ferrari 296 GTB and McLaren Artura are indifferently fascinating.

 

Martino Picotti, General Manager of Lamborghini Dubai and Abu Dhabi. confirmed that the UAE is one of the most contributors to the performance of the Lamborghini brand in the Middle East and Africa. He told Al-Bayan: “We have always had a very strong market. which is consistent with the level of international demand for the brand. Besides this, we are currently witnessing very high demand, and we can expect stronger growth in the future.”

Regarding the performance of the luxury car market in the UAE, he said: “The luxury car market is of great importance. In fact, it is among the most important among all product sectors, especially automobiles. We consider this to be healthy, and we expect tremendous growth despite the challenges facing the markets.”

He added, “The UAE sales volume has always been very strong and we’re very happy to have a very busy order volume for the next 24 months. With regards to the UAE, the Urus, our sports luxury SUV, has the highest demand. We also have good demand for the V10 and the V12s’. We also expect to have inventory for the Performante and Tecnica variations in the showroom from the first quarter of 2023.”

silicon wafers

With regard to the impact of the global shortage in the supply of silicon wafers on the performance of the local market for Lamborghini, he said: The shortage at the international level has never affected us. The high demand levels and sales figures prove this, and we are really lucky to be in this position.

Regarding the electric transformation plans that Lamborghini will lead, he said: “We will certainly follow the general guidelines and directions set by Automobili Lamborghini.” There is a special division at Automobili Lamborghini that deals with electrification and product development. Thus, we will reconcile our steps with any future launch of any electrical product.

Blacklane, the leading global chauffeur services provider, has partnered with Gargash Group, one of the leading business conglomerates in the UAE, as its most recent investor, alongside long-time backer Mercedes-Benz Mobility also joined the round.

Through this partnership with Blackline, the two companies will invest millions of dollars, which will give the company a valuation that is approximately 50 percent higher than the previous valuation for the year 2020.

Blackline has witnessed unprecedented growth in its market share over the past months through new investments, which will focus on converting its fleet to electric vehicles instead of fuel vehicles, and the company will also work to meet the growing needs of customers.

The Middle East market is one of the most important markets for Blacklane, to improve its services and thus expand its presence globally.

Gargash Enterprises and Mercedes-Benz Mobility are supporting the acceleration of Blacklane’s ability to transition to electric vehicles, as well as the provision of its services around the world.

While Gargash Enterprises brings its expertise and local knowledge to sustainability, Mercedes-Benz Mobility provides Blacklane with world-class electric vehicles, for the ultimate mobility service experience.

Mercedes-Benz Mobility, which has been investing in Blackline since 2013, owns a brand share of more than 50 percent of Blackline’s global fleet.

In this context, Jens Wohltorf, CEO and founder of Blacklane, stated: “Dubai is an important gateway for international customers, a commercial and economic city, hungry for innovation, and committed to sustainability.”

For his part, Shihab Gargash, CEO of Gargash Group, said: “The Gargash Group is witnessing the remarkable development of Blackline, and believes that its strategic direction is largely in line with the group’s vision for the future. For this purpose, we decided to invest in Blackline.”

Toyota Motor ., the largest car producer in Japan, announced that its global production during the past month reached a record level, thanks to strong demand from customers, while warning of the uncertainty of the future, as a result of the continuing shortage in the supply of electronic chips used in the automotive industry and the high number of infections with the Corona virus. in China recently.

Bloomberg news agency quoted the world’s largest car-producing company as saying that its production last November amounted to 833,104 cars, an increase of 1.5 percent annually, while the company’s global sales increased by 2.9 percent to 796,484 thousand cars.

Bloomberg stated that the increase in production reflects strong demand in regions such as North America and its recovery from the repercussions of the new Corona virus infections last year in Southeast Asia, which led to disruption of supply chains. The auto industry is still suffering from a shortage of chips and other auto components, while it will continue to face the challenges caused by the rapid spread of the Corona virus in various regions of China recently.

Early last month, Toyota lowered its production target for the current fiscal year, which ends on March 31, while maintaining its conservative earnings estimate due to a chip shortage.

Last November, the domestic production of Toyota factories decreased by 3.3 percent annually to 266,174 cars, while its production abroad increased by 3.8 percent to 566,930 cars.