WARREN, Mich. — Over the last three months, Tesla’s stock price has more than doubled, adding tens of billions of dollars in market value, as investors have concluded that the company is poised to lead the auto industry’s transition to battery-powered vehicles. Now General Motors is trying to make the case that it isn’t far… Continue reading G.M. Lays Out Ambitions for Electric-Vehicle Lineup to Rival Tesla
Author: New York Times Online News
BMW Is Under S.E.C. Investigation
BMW Group, the German car manufacturer, faces an investigation in the United States by the Securities and Exchange Commission, the company said Monday. The inquiry is focusing on the company’s sales practices, and the commission contacted BMW within the last month, said a person briefed on the matter but not authorized to speak publicly about… Continue reading BMW Is Under S.E.C. Investigation
Fiat Chrysler Manager Faces U.S. Fraud Charges on Diesel Emissions
A senior manager at Fiat Chrysler Automobiles has been charged with conspiring to rig diesel-emissions tests on the automaker’s vehicles, according to a grand jury indictment unsealed on Tuesday. The charges come months after the company agreed to a costly legal settlement of lawsuits over the deception. Federal prosecutors are charging Emanuele Palma, a manager… Continue reading Fiat Chrysler Manager Faces U.S. Fraud Charges on Diesel Emissions
Uber Posts $5.2 Billion Loss and Slowest Ever Growth Rate
SAN FRANCISCO — Uber set two dubious quarterly records on Thursday as it reported its results: its largest-ever loss, exceeding $5 billion, and its slowest-ever revenue growth. The double whammy immediately renewed questions about the prospects for the company, the world’s biggest ride-hailing business. Uber has been dogged by concerns about sluggish sales and whether… Continue reading Uber Posts $5.2 Billion Loss and Slowest Ever Growth Rate
Ford and VW Agree to Share Costs of Self-Driving and Electric Cars
Ford Motor and Volkswagen said Friday they would team up to develop self-driving cars and share electric-car components, significantly broadening an existing alliance and illustrating how automakers are putting aside rivalries to manage the astronomical cost of new technologies. The agreement calls for Volkswagen to purchase a stake in a Ford-backed start-up that is developing… Continue reading Ford and VW Agree to Share Costs of Self-Driving and Electric Cars
Ford Is Fined in China as Trade Fight With U.S. Rages
BEIJING — China’s antitrust regulator on Wednesday announced a fine of around $25 million on Ford’s main joint venture in the country, the latest action against an American company amid the widening economic battle between China and the United States. The fine on Changan Ford, which is owned equally by the Detroit automaker and a… Continue reading Ford Is Fined in China as Trade Fight With U.S. Rages
Elon Musk and S.E.C. Reach New Accord, Lifting Cloud Over Tesla
If it was not already clear, securities regulators are giving Elon Musk, the chief executive of Tesla, a laundry list of things he cannot riff about on Twitter. A revised agreement between Mr. Musk and the Securities and Exchange Commission, filed in federal court in Manhattan on Friday, spells out just when Mr. Musk must… Continue reading Elon Musk and S.E.C. Reach New Accord, Lifting Cloud Over Tesla
Uber, Losing $1.8 Billion a Year, Reveals I.P.O. Filing
SAN FRANCISCO — Uber, the ride-hailing service that has upended transportation around the world, took a major step toward the largest initial public offering in years when it officially unveiled its finances in a prospectus on Thursday. The offering, which could value Uber at around $100 billion, is expected to reverberate through global financial markets… Continue reading Uber, Losing $1.8 Billion a Year, Reveals I.P.O. Filing
Inside the Tensions at Carlos Ghosn’s Nissan
TOKYO — It was 2011, and Carlos Ghosn was preparing his automotive empire for its most ambitious phase yet. Under his plan, within five years, one of every 12 cars sold around the world would be made by Nissan of Japan. To achieve that goal and cut costs relentlessly, he said, Nissan would have to… Continue reading Inside the Tensions at Carlos Ghosn’s Nissan
Tesla Swerves on Strategy, Trailed by Growing Doubts
Tesla’s sleek stores embodied its green vision for upending the transportation and energy business: a one-stop shop for electric cars, solar panels and battery storage. Less than three months ago, the company announced 11 new store locations across the country. Now Tesla is in retreat, shuttering most of its stores in a bid to cut… Continue reading Tesla Swerves on Strategy, Trailed by Growing Doubts