Tesla once again most shorted American stock

Business Jan 16, 2020

Tesla once again most shorted American stock

by Elena Popina

Tesla Inc. bears won't let anyone steal the title for the most-shorted stock. Not even Apple Inc. A parabolic spike in shares of the electric carmaker hasn't stopped short sellers from betting the stock will go down. They drove the total dollar amount of shares ...

Sony unveils electric car equipped with autonomous driving tech

Business / Tech Jan 7, 2020

Sony unveils electric car equipped with autonomous driving tech

Sony Corp. has unveiled the first prototype of an electric vehicle equipped with autonomous driving technology under its new Vision-S initiative. The concept car, introduced Monday by Sony President and CEO Kenichiro Yoshida at a media preview ahead of the annual CES consumer electronics trade ...

Japanese hybrids beating slump in China's car market

Business / Corporate Dec 11, 2019

Japanese hybrids beating slump in China's car market

by Tian Ying

China's once-in-a-generation car slump is hobbling carmakers around the globe that placed their bets on what is the world's biggest auto market. But one group is weathering the slowdown unscathed: Japanese automakers. Iconic car companies like Toyota Motor Corp. and Honda Motor Co. are increasing ...

China car market heads for unprecedented second annual drop

Business Dec 10, 2019

China car market heads for unprecedented second annual drop

Car sales in China continued to decline in November, extending a historic slump and all but ensuring a second straight annual drop for the world's biggest auto market. Sales of sedans, sport utility vehicles, minivans and multipurpose vehicles fell 4.2 percent from a year earlier ...

GM loans Ohio plant buyer $40 million to launch electric truck

Business Dec 10, 2019

GM loans Ohio plant buyer $40 million to launch electric truck

General Motors Co. loaned the buyer of its half-century-old assembly plant in Ohio $40 million to help the cash-strapped startup roll out an electric pickup truck. The transaction to support Lordstown Motors Corp. and its debut model, called Endurance, is essentially a mortgage, Jim Cain, ...