Tesla admits to underpricing Roadsters, still hopes profitability is near

Here’s a tip: you should probably research the bill of materials before pricing the item you’re building to sell. In an effort to calm down potentially irate early buyers, Tesla Motors Elon Musk has issued an email confessing that it had no idea actual production costs for the $92,000 Roadster would run closer to $140,000. The automaker is hoping the changes in “manufacturing approaches, the car’s drive train, heating and air conditioning system, wiring and even the supplier of body panels” will lower production costs to somewhere between $90,000 and $100,000 soon, which certainly gives a little insight into the $128,500 starting price of the recently unveiled Roadster Sport. In order to recoup some of the losses, Tesla is asking pre-orderers to pony up an extra six large for a high-speed charging cable and custom wheels — both of which consumers were expecting to be included in their original purchase price. At any rate, the firm is aiming to get build costs down to $80,000 by summer, with profitability following close behind. And you thought the automotive problems began and ended in Detroit.

[Via Edmunds]

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Tesla admits to underpricing Roadsters, still hopes profitability is near originally appeared on Engadget on Thu, 22 Jan 2009 05:33:00 EST. Please see our terms for use of feeds.

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LG overtakes Motorola for third place in global handset shipments

Half a year ago, Motorola was still clinging tight to the number three spot in terms of worldwide handset shipments, but boy — what a difference six months makes. According to numbers compiled by DigiTimes, LG Electronics managed to ship just over 100 million mobile phones in 2008, while Moto checked in with “just” 99.9 million shipped. That makes LG the third largest handset maker in terms of shipments, barely beating out Moto and Sony Ericsson who placed fourth and fifth, respectively. As expected, Nokia and Samsung are still holding down the top two spots, but it’s the continued slippage of Motorola that’s most significant here. You know what they say about being on rock bottom, right? We bet Motorola’s wondering if that mantra applies here.

[Via phonescoop]

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LG overtakes Motorola for third place in global handset shipments originally appeared on Engadget on Tue, 20 Jan 2009 12:57:00 EST. Please see our terms for use of feeds.

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HomePlug Alliance hits some milestones, rallies the troops at CES

HomePlug Alliance logoWe’ve been disappointed by the fits and starts that powerline technology has suffered in the past, but an honest look over the past year’s HomePlug Alliance achievements isn’t without bright spots. Growth in the install base (now at 25 million devices), products and vendors (18 new members) are nothing to sneeze at, and HomePlug AV2’s promise of 600Mbps speeds sounds promising going forward. Kicking of at CES this week and moving forward, the alliance wants to see lots more household connectivity for HDTV, HDMI and all manner of data transfer you want to get done without tearing down the sheetrock in your home. Could this be the year that HomePlug really takes off, or will disappointing real-world performance continue to dog the technology? Hit the link for the alliance’s rosy view and let us know your predictions in the comments.

Continue reading HomePlug Alliance hits some milestones, rallies the troops at CES

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HomePlug Alliance hits some milestones, rallies the troops at CES originally appeared on Engadget on Wed, 07 Jan 2009 15:10:00 EST. Please see our terms for use of feeds.

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Logitech axes 15% of salaried workforce as it restructures

Logitech may be bringing the heat at CES, but that doesn’t mean it’s not feeling the pinch. Alongside a few new pieces of kit, the outfit has also announced that it will be undergoing a serious restructuring as it moves forward. According to president and chief executive officer Gerald P. Quindlen: “During the December quarter, the retail environment deteriorated significantly, and moreover, we expect the economic environment to worsen in the coming months and we are therefore taking significant actions to align our cost structure with what is likely to be an extended downturn.” Sadly, those “actions” involve sending home some 15% of its salaried workforce worldwide, and it’s expecting the savings from all of this to show in Q1 of fiscal year 2010. Ouch.

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Logitech axes 15% of salaried workforce as it restructures originally appeared on Engadget on Tue, 06 Jan 2009 09:35:00 EST. Please see our terms for use of feeds.

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Fujitsu puts the kibosh on possible sale to Western Digital

It seemed nearly imminent that Fujitsu would be selling off its hard disk division to rival Western Digital, but apparently something has gone awry. According to Fujitsu President Kuniaki Nozoe, there is currently “zero chance” of a deal being done, though he did confess that the two had sat down and contemplated changing their statuses to “it’s complicated.” Unfortunately, that’s about all we have to go on for the moment, especially when you consider that WD’s take on the whole ordeal is a concise “no comment.” Who knows, maybe this is just cold feet or something, or maybe Fujitsu simply realized that it was better off saving itself for the one.

[Via NotebookReview]

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Fujitsu puts the kibosh on possible sale to Western Digital originally appeared on Engadget on Tue, 06 Jan 2009 08:30:00 EST. Please see our terms for use of feeds.

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Surprise! Retail sales abysmal this holiday season

Perhaps it was a foregone conclusion — and the Black Friday body count was a rather ominous sign — but this holiday season, according to some poor sap interviewed by the Wall Street Journal, “retailers went from ‘Ho-ho’ to ‘Uh-oh’ to ‘Oh-no.'” (Way to make light of a serious issue, guy — that’s our job). Sales are down across the entire retail sector, from luxury goods (including jewelry sales, down 34.5 percent) to electronics and appliances (down 26.7 percent). This is all bad news for the likes of Circuit City, who is operating under Chapter 11 and could use the cash, but great news for bloggers like Business Pundit, who is having a field day with his parodic corporate logos, a few of which can be seen above. You know what they say: when life gives you lemons…

[Thanks, Agustin; image courtesy of Business Pundit]

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Surprise! Retail sales abysmal this holiday season originally appeared on Engadget on Sat, 27 Dec 2008 08:27:00 EST. Please see our terms for use of feeds.

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