Tesla appeared to be losing command of the market it effectively created after it reported a stunning drop in quarterly sales on Tuesday, raising fresh questions about Elon Musk’s leadership of the company. The sales decline caught investors off guard as rivals like BYD of China and Kia and Hyundai of South Korea reported increases… Continue reading Tesla’s Sales Drop, a Sign That Its Grip on the E.V. Market Is Slipping
Author: New York Times Online News
Auto Industry Expects Minimal Disruption From Port Shutdown
Concerns about the impact of the Baltimore bridge collapse on auto imports and exports are beginning to ease as car companies turn to other ports along the East Coast. On Thursday, Cox Automotive, a market researcher, said it expected the situation in Baltimore to have no material effect on vehicle sales in the United States.… Continue reading Auto Industry Expects Minimal Disruption From Port Shutdown
Tesla’s Pivot to China Saved Musk. It Also Binds Him to Beijing.
When Elon Musk unveiled the first Chinese-made Teslas in Shanghai in 2020, he went off script and started dancing. Peeling off his jacket, he flung it across the stage in a partial striptease. Mr. Musk had reason to celebrate. A few years earlier, with Tesla on the brink of failure, he had bet on China,… Continue reading Tesla’s Pivot to China Saved Musk. It Also Binds Him to Beijing.
How Elon Musk Became ‘Kind of Pro-China’
When Elon Musk first set up Tesla’s factory in China, he appeared to have the upper hand. He gained access to top leaders and secured policy changes that benefited Tesla. He also got workers accustomed to long hours and fewer protections, after clashing with U.S. regulators over labor conditions at his California plant. The Shanghai… Continue reading How Elon Musk Became ‘Kind of Pro-China’
Automakers Rerouting Shipments After Baltimore Bridge Collapse
Several large automakers said on Tuesday that they were working to reroute shipments of cars because of the collapse of the Francis Scott Key Bridge in Baltimore. The Port of Baltimore plays an important role in the shipment of vehicles and handled more than 750,000 cars and trucks in 2023, according to the Maryland Port… Continue reading Automakers Rerouting Shipments After Baltimore Bridge Collapse
Stellantis to Recall Dodge Chargers and Chrysler 300s, Citing Airbag Issue
The automotive conglomerate Stellantis is recalling hundreds of thousands of vehicles — specifically Dodge Chargers and Chrysler 300s modeled from 2018 to 2021 — citing side airbags that could rupture and hurl shrapnel, according to documents posted by the National Highway Traffic Safety Administration. The documents say that airbags on both sides may have a… Continue reading Stellantis to Recall Dodge Chargers and Chrysler 300s, Citing Airbag Issue
Inside the Republican Attacks on Electric Vehicles
The electric vehicle, a breakthrough achievement in automotive technology, has driven into this year’s presidential election, inflaming partisan fights that have come to define much of American culture. One reason is that President Biden has made electric vehicles central to his strategy to combat climate change. This week, his administration announced the most ambitious climate… Continue reading Inside the Republican Attacks on Electric Vehicles
Biden Administration Announces New Tailpipe Rules Aimed to Expand EVs
The Biden administration on Wednesday issued one of the most significant climate regulations in the nation’s history, a rule designed to ensure that the majority of new passenger cars and light trucks sold in the United States are all-electric or hybrids by 2032. Nearly three years in the making, the new tailpipe pollution limits from… Continue reading Biden Administration Announces New Tailpipe Rules Aimed to Expand EVs
What to Know About the Clean Auto Rule: It’s Not a Ban on Gas Cars
The Biden administration’s new regulation limiting tailpipe emissions from cars and light trucks would transform the American automobile market, charting a course away from the internal combustion engine and toward a future of electric cars and hybrids. Here’s what to know about the measure. It’s a big deal in the fight against climate change In… Continue reading What to Know About the Clean Auto Rule: It’s Not a Ban on Gas Cars
New Rules Will Still Push Carmakers to Sell More Electric Cars
Even if clean air rules announced on Wednesday in Washington are less forceful than some environmentalists would have liked, they should still have a powerful effect on the kinds of cars appearing in showrooms over the next several years, experts said. The rules will amplify market forces pushing the industry toward battery power, giving automakers… Continue reading New Rules Will Still Push Carmakers to Sell More Electric Cars