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 ...
From racetrack to showroom: Cars of the future profit from Formula E breakthroughs
Not every advance in electric-vehicle technology takes place inside the sterile calm of a research laboratory. BMW AG, Volkswagen AG's Audi and a Silicon Valley-based battery maker are helping push the boundaries by racing battery-powered cars through Saudi Arabia, New York, London and Seoul at ...
Yamato Transport rolls out driver-friendly EVs for parcel delivery in Tokyo area
Yamato Transport Co. unveiled on Tuesday what it says is a greener, compact, driver-friendly electric truck that may offer hope for coping with the acute labor shortage in Japan's door-to-door parcel delivery industry. The 2.85-ton truck measuring roughly 4.7 meters long, 1.8 meters wide and ...
Ford bets on an electric Mustang to charge its turnaround
The Mustang Mach E electric sport utility vehicle that Ford Motor Co. unveiled in Los Angeles on Sunday is more than another car for the storied automaker. The Mach E has become within Ford a high-profile test for a restructuring that has been marred by ...
Trading house Sumitomo Corp. will spend some ¥500 million ($4.5 million) by February 2020 to acquire a 6.7 percent stake in Taiwan's top electric bus-maker, RAC Electric Vehicles Inc. The two will seek to capitalize on the Taiwan government's plan to replace 15,000 conventional buses ...
New battery design could charge an electric car in just 10 minutes
Scientists in the U.S. have claimed a technological breakthrough that could resolve one of the key concerns surrounding all-electric vehicles, saying just 10 minutes of charging time could add 200 miles (320 km) of driving range. Writing in the journal Joule on Wednesday, researchers at ...
Japanese electronics firms eye expansion into self-driving and EV technologies
Electronics companies are trying to take advantage of their experience and knowledge to manufacture motors, inverters and sensors that will become indispensable to assemble autonomous and electric cars.
Volkswagen unveiled the newest incarnation of its iconic Golf hatchback on Thursday, counting on the bestseller to help fund a costly switch to the electric era and bridge the gap to the cars of the future. The eighth generation of the unglamorous but trusted compact ...
