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Tesla delivers 1.3m electric vehicles, fined $2.2m for exaggerating driving range

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Electric car maker Tesla delivered a record 1.3 million vehicles last year, which is 40 per cent more than it did in 2021.

But its delivery of 405,278 vehicles in the fourth quarter 2022 fell short of analysts’ estimates of 431,117, according to Reuters.

The automaker was on Tuesday quoted as attributing the shortfall to the ongoing logistical issues and growing demand concerns that rounded off a tumultuous 2022 for the Elon Musk-led firm.

It however noted that the company remained the world’s most valuable automaker even after losing 65 per cent of its market value in 2022. Shares were down five per cent in premarket trading on Tuesday.

This year, the motor industry is expected to face slowing demand as potential customers worry about rising interest rates and recession concerns.

In a statement to investors, Tesla said it had to deal with “significant Covid and supply chain related challenges throughout the year.

Meanwhile, on Tuesday, authorities in South Korea said they would fine Tesla $2.2m (£1.8m) for failing to tell its customers about the shorter driving range of its electric vehicles in low temperatures.

The Korea Fair Trade Commission said the company had exaggerated the “driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to petrol vehicles as well as the performance of its Superchargers”.

BBC did not get an immediate response from Tesla on this.

Highlighting the logistics issues faced by the world’s most valuable car maker, deliveries in the fourth quarter of the year were about 34,000 fewer than Tesla produced.

The shortfall is unusual for Tesla, as it had previously managed to deliver about as many vehicles as it produced.

In October Chief Executive Elon Musk said he was working to resolve the issue.

Like other car makers, in the year ahead Tesla faces the challenge of the potential of slowing demand for vehicles as customers deal with rising borrowing costs and concerns about an economic slowdown.

Tesla also faces competition from traditional motor manufacturing giants such as Ford and General Motors, as well as newer entrants to the market like Rivian and Lucid in the US and China’s BYD and Nio.

The company is scheduled to announce financial results for the fourth quarter of 2022 and the year as a whole on 25 January.

Tesla said in a separate statement that it planned to host its Investor Day on March 1st and livestream the event from its Gigafactory in Texas.

“Our investors will be able to see our most advanced production line as well as discuss long term expansion plans, generation 3 platform, capital allocation and other subjects with our leadership team,” the company said.

Tesla’s shares fell by 65% in 2022 – its worst year since going public in 2010 – as investors worried about disruptions to production, concerns over a slowdown in demand and Mr Musk’s focus on Twitter.

The multi-billionaire bought the social media platform at the end of October for $44bn (£36.4bn) and has spent much of his time since then trying to turn the business around

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Leadership by example: FRSC Corps Marshal leads field operations, patrol highways 

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L- R Hyginus Omeje , Assistant Corps Marshal, Operations, Bisi Kazeem, Deputy Corps Marshal rtd, and Shehu Mohammed , Corps Marshal, FRSC during the Corps Marshal's patrol operations visitation to Ondo State Sector Command, Akure, recently.

Leadership by example: FRSC Corps Marshal leads field operations, patrol highways 

By Bisi Kazeem

As the year winds down and Nigerians embark on end-of-year travels, the Federal Road Safety Corps (FRSC) has intensified its efforts to curb road crashes and ensure safer highways. Leading this charge is the Corps Marshal, Shehu Mohammed, who has set a sterling example of sacrificial leadership by actively participating in frontline operations during this critical period.

The end of the year is a notoriously perilous time on Nigeria’s roads, marked by increased traffic, heightened road traffic crash risks, and a surge in reckless driving.

However, under the proactive leadership of the Corps Marshal, the FRSC rolled out an unprecedented campaign to reduce road traffic crashes and fatalities, ensuring that the festive season is marked by joy rather than tragedy.

True leadership is not defined by words but by action. The Corps Marshal exemplifies this by personally leading field operations, patrolling highways, monitoring traffic flows, and directly engaging with road users.

His visible presence has reinvigorated the morale of FRSC officers and demonstrated to the nation that leadership is about service and sacrifice.

He defied insecurity on the highways and embarked on a traffic monitoring operation from Abuja, the Federal Capital, through Kogi, Ekiti, Ondo, Owo, Ore, down to Edo and Delta.

His decision to lead from the front underscores his commitment to the FRSC’s mission of saving lives and highlights the urgent need for compliance with traffic rules and regulations.

From the beginning of the Ember Months sensitisation campaign in September, the Corps had gone ahead of time, implementing series of robust measures aimed at addressing road safety challenges during the festive season. These remedies include; increased patrols and checkpoints as additional officers and vehicles have been deployed in strategic points on highways to monitor and enforce compliance with traffic laws; organised nationwide safety campaigns targeting speed violations, drunk driving, overloading and seatbelt use.

These campaigns educate drivers on the dangers of reckless behaviours and emphasize the importance of safe driving practices.

The Corps also ensured Emergency Response Preparedness: ambulances, tow trucks, and rescue teams are on standby to ensure rapid responses to emergencies, reducing fatalities and injuries in the event of crashes.

Knowing that the task of making the highways safe is a collective action, FRSC went into the season with strengthened partnerships with key stakeholders, including the Nigeria Police Force, transport unions, traditional rulers and local communities, to foster a united front in the battle against road crashes.

The Corps Marshal’s leadership has inspired not just his officers but also the general public.

His direct involvement sends a clear message that road safety is a shared responsibility requiring the commitment of all stakeholders.

The Corps Marshal’s hands-on approach during this critical period has not only motivated the FRSC team but has also restored public confidence in the agency’s commitment to saving lives,” said a motorist who witnessed the Marshal’s activities firsthand on the Niger Bridge.

The monitoring activities carried out across major corridors suggest that the intensified efforts are yielding positive results, with a noticeable reduction in road crashes and fatalities compared to previous years.

The Corps Marshal’s example of sacrificial leadership has brought renewed vigor to the FRSC’s operations, ensuring that every life is valued and protected.

Needless to state that the FRSC Corps Marshal, Shehu Mohammed, is indeed an enigma, a force to be reckoned with and a true example of practical leadership in public service as he leads yet again by example in the fight against road crashes in Nigeria.

Taking active front-line roles, dedicating to sacrificial leadership and willingness to take bold steps to address the challenges facing Nigerian roads.

By setting the pace, he’s inspiring his team and other stakeholders to join forces in the quest for safer roads in Nigeria.

As the festive season continues, let us all join the FRSC as they call on all Nigerians to support its efforts by adhering to traffic rules, avoiding risky driving behaviours, and prioritizing safety on the roads.

Together, with the leadership of the Corps Marshal and the dedication of FRSC personnel, a safer, accident-free festive season is achievable.

The Corps Marshal’s leadership reminds us all that effective leadership requires sacrifice, action, and a deep commitment to service.

As Nigerians embark on their journeys this season, they can take comfort in knowing that the FRSC is working tirelessly to make the roads safer for everyone.

 

*DCM Bisi Kazeem (Rtd), fsi MNIM anipr, a public relations expert and media guru writes from Lagos, Nigeria.

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BREAKING: Adeleke finally pardons ‘fowl thief’ Segun Olowookere

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Governor Ademola Adeleke and accused's mother

BREAKING: Adeleke Finally Pardons ‘Fowl Thief’ Segun Olowookere

Governor Ademola Adeleke of Osun State has granted the prerogative of mercy to Segun Olowookere, a young man convicted of armed robbery and sentenced to death by an Ogun State High Court in 2014.

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Olowookere was pardoned alongside Sunday Morakinyo and 51 others convicted of simple and serious offences on Thursday.

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Lagos-Calabar coastal road: Train track work begins 2025, says minister

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Lagos-Calabar coastal road: Train track work begins 2025, says minister

The Federal Government plans to begin constructing train tracks on Section I of the Lagos-Calabar Coastal Highway in 2025.

The Minister of Works, David Umahi, made this announcement during an inspection of Sections I and II of the project, which are located within Lagos and being handled by Hitech Construction Company Ltd, on Friday, December 20, 2024.

The details of the announcement were published in a statement on the ministry’s official website on Saturday.

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“The President has given very serious attention to road infrastructure. Don’t forget that this Coastal Highway and, of course, the four Legacy Projects all have the train track incorporated. The construction of the train track for this section I is going to take off in 2025,” Umahi stated.

The Works Minister outlined plans to enhance the Lagos-Calabar Highway in Sections I and II of Phase 1, including solar-powered CCTV cameras, lay-bys every 5-15 kilometers, and security posts for improved safety and monitoring.

He announced that 20 kilometers of Section 1 are scheduled for commissioning by May 2025. The Federal Controller of Works, Engr. Olukorede Kashia, noted challenges such as large refuse dumps and unsuitable soil conditions requiring extensive remediation during the project.

Lagos-Calabar coastal road: Train track work begins 2025, says minister

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