Tesla investigating incident of parked car exploding in Shanghai

People visit a Tesla booth during the media day for the Shanghai auto show in Shanghai, China, on April 16, 2019. (REUTERS/Aly Song)
Updated 22 April 2019
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Tesla investigating incident of parked car exploding in Shanghai

  • Video shows Tesla S emitting smoke, bursting into flames
  • Incident comes as Tesla is trying to revive its sales in China

SHANGHAI: US electric vehicle maker Tesla Inc. on Monday said it had sent a team to investigate a video on Chinese social media which showed a parked Tesla Model S car exploding.
The video was widely shared on China’s Twitter-like Weibo, with the hashtag “Tesla self-ignites” becoming one of the most-read topics on the platform, being viewed over five million times.
It showed a parked Tesla S starting to emit smoke from its bonnet before exploding and bursting into flames, damaging surrounding cars. A time stamp on the video showed that it occurred on Sunday evening.
Reuters was not immediately able to verify the origins of the video, which Weibo users said was taken in Shanghai.
“After finding out about this incident in Shanghai, we immediately sent a team to the scene. We are currently contacting relevant departments to understand the situation. Based on current information, no one was hurt,” Tesla said on its official Weibo account.
The incident comes as Tesla has been trying to revive its sales in China which have been hit hard by Sino-US trade tensions.
The company currently imports all the cars it sells in China, but it is in the process of building a factory in Shanghai that will manufacture Model 3 cars in the initial phase and help it minimize the impact of the trade war and tariffs.
In March, Tesla also encountered a hiccup when Shanghai customs temporarily clearance for a batch of Tesla’s Model 3 cars citing a labelling issue.


British Steel collapses, threatening thousands of jobs

Updated 22 May 2019
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British Steel collapses, threatening thousands of jobs

LONDON: British Steel Ltd. has been ordered into liquidation as it struggles with industry-wide troubles and Brexit, threatening 5,000 workers and another 20,000 jobs in the supply chain.
The company had asked for a package of support to tackle issues related to Britain’s pending departure from the European Union. Talks with the government failed to secure a bailout, and the Insolvency Service announced the liquidation on Wednesday.
“The immediate priority following my appointment as liquidator of British Steel is to continue safe operation of the site,” said David Chapman, the official receiver, referring to the Scunthorpe plant in northeast England.
The company will continue to trade and supply its customers while Chapman considers options for the business. A team from financial firm EY will work with the receiver and all parties to “secure a solution.”
“To this end they have commenced a sale process to identify a purchaser for the businesses,” EY said in a statement.
The government said it had done all it could for the company, including providing a 120 million pound ($152 million) bridging facility to help meet emission trading compliance costs. Going further would not be lawful as it could be considered illegal state aid, Business Secretary Greg Clark said.
“I have been advised that it would be unlawful to provide a guarantee or loan on the terms of any proposals that the company or any other party has made,” he said.
Unions had called for the government to nationalize the business, but the government demurred.
The opposition Labour Party’s deputy leader, Tom Watson described the news as “devastating.”
“It is testament to the government’s industrial policy vacuum, and the farce of its failed Brexit,” he said in a tweet.
The crisis underscores the anxieties of British manufacturers, who have been demanding clarity around plans for Britain’s departure from the EU. Longstanding issues such as uncompetitive electricity prices also continue to deter investment in UK manufacturing, said Gareth Stace, the director-general of UK Steel, the trade association of the industry.
“Many of our challenges are far from unique to steel — the whole manufacturing sector is crying out for certainty over Brexit,” Stace said. “Unable to decipher the trading relationship the UK will have with its biggest market in just five months’ time, planning and decision making has become nightmarish in its complexity.”
Greybull Capital, which bought British Steel in 2016 for a nominal sum, said turning around the company was always going to be a challenge. It praised the trade union and management team, but said Brexit-related issues proved to be insurmountable.
“We are grateful to all those who supported British Steel on the attempted journey to resurrect this vital part of British industry,” it said in a statement.