Complaints that Teslas suddenly accelerate on their own investigated in U.S.
The U.S. government's auto safety agency is looking into allegations that all three of Tesla's electric vehicle models can suddenly accelerate on their own. Brian Sparks of Berkeley, California, petitioned the National Highway Traffic Safety Administration to conduct an investigation. An agency document shows 127 ...
Tesla once again most shorted American stock
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 ...
Tesla opens Chinese plant as era of real EV competition in the country begins
Elon Musk was apparently excited enough about Tesla Inc.'s prospects in China that he was moved to dance, just as shares of the maker of electric cars hit new highs. The chief executive officer awkwardly waltzed across a stage at Tesla's new factory outside of ...
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 ...
U.S. Rust Belt region eyes reinvention as hub for electric vehicles
The day Youngstown's steel mills began shutting down 40 years ago remains fresh in the minds of those who live in the blue-collar corner of Ohio. Community leaders don't want the recent closing of General Motors' massive assembly plant to leave that same lingering ...
Japanese hybrids beating slump in China's car market
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 ...
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
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, ...
Carmakers shedding 80,000 jobs globally as electric era upends industry
It's turning out to be one of the worst years ever for auto workers across the globe amid shrinking demand and a tectonic shift in vehicle technology, with Daimler AG and Audi announcing almost 20,000 job cuts in just the past week. All told, carmakers ...
The road gets bumpy for billionaires investing in China's electric cars
Some of China's wealthiest tycoons steered billions of dollars into electric car companies in order to fuel the country's dreams of becoming a leader in the field. Now a reckoning may be looming as car sales slow and the government reduces subsidies for the nascent ...
