Tesla’s once-commanding share of the market for electric vehicles in the United States slipped below 50 percent in the second quarter of the year even as sales of battery-powered cars surged to a record, according to new estimates published Tuesday by a research firm. Tesla accounted for 49.7 percent of electric vehicles sales from April… Continue reading Tesla’s Share of U.S. Electric Car Market Falls Below 50%
Author: New York Times Online News
As the E.V. Revolution Slows, Ferrari Enters the Race
Gliding on robotic haulers, a line of Ferrari frames maneuvers through a gleaming new factory in Northern Italy. At each station, engineers in cherry red uniforms add a component — an engine block, a dashboard, a steering wheel — as they transform the bodies into hybrid vehicles. Up next: fully electric. A lot is riding… Continue reading As the E.V. Revolution Slows, Ferrari Enters the Race
The Art of Making a Classic Car Ready for Its Close-up
Shining his work light into the deepest recesses of a Ferrari F512 M’s engine bay, Tim McNair takes note of minor flaws that will warrant closer attention. There’s an oily smudge on the intake plumbing, chipped paint where red shows through on the black chassis tubing, a damaged sticker on an ignition coil — typical… Continue reading The Art of Making a Classic Car Ready for Its Close-up
For Young Collectors, Grandpa’s Car Is a New Must-Have
Acting on a tip from an acquaintance, Cameron Luther uncovered a butterscotch yellow 1966 Porsche in a garage in Monterey, Calif. It was dusty and up on jack stands with the wheels off. It clearly hadn’t run in a long time. The owner was a retired pilot, who is now 94, who had started a… Continue reading For Young Collectors, Grandpa’s Car Is a New Must-Have
Tesla Sales Down, GM and Toyota Up Slightly in 2nd Quarter
Much of the auto industry, with the notable exception of Tesla, reported modest sales growth in the three months through June as high interest rates, high vehicle prices and uncertainty about the economy weighed on consumers. Sales in late June were also slowed by disruptions at car dealers stemming from a cyberattack on a company… Continue reading Tesla Sales Down, GM and Toyota Up Slightly in 2nd Quarter
Elon Musk’s Politics May Be Pushing Some Buyers Away From Tesla
Few auto executives are as closely identified with the companies they manage as Elon Musk, the chief executive of Tesla, is. And probably none are more prolific in broadcasting their political views on social media. But as Mr. Musk’s public persona has become increasingly right wing, Tesla appears to be paying a price in sales,… Continue reading Elon Musk’s Politics May Be Pushing Some Buyers Away From Tesla
Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian
Volkswagen, the German automaker, said on Tuesday that it would invest up to $5 billion in Rivian, a maker of electric trucks that has struggled to turn a profit, and that the companies would cooperate on software for electric vehicles. The deal creates an unusual alliance between the world’s second-largest carmaker and an electric vehicle… Continue reading Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian
CDK Global Cyberattack Disrupts Car Sales in U.S. and Canada
Thousands of auto dealers across the United States and Canada are suffering disruptions to their operations as a result of cyberattacks on a provider of critical software and data services used in auto retailing. The provider, CDK Global, said it was targeted in two attacks on Wednesday, prompting the company to shut down its systems… Continue reading CDK Global Cyberattack Disrupts Car Sales in U.S. and Canada
Akio Toyoda’s Support Among Toyota Investors Tumbles
Investor support for Toyota Motor’s longtime leader, Akio Toyoda, sank to its lowest level since he took the helm as shareholders challenged the extent of control he exerts over the company. According to a filing released on Wednesday, 71.9 percent of shareholders supported renominating Mr. Toyoda as chairman of Toyota’s board. That met the threshold… Continue reading Akio Toyoda’s Support Among Toyota Investors Tumbles
Fisker Files for Bankruptcy as EV Start-Up’s Cash Runs Short
Fisker filed for bankruptcy protection late on Monday, the latest start-up in the electric vehicle industry to fall short after raising large amounts of money from investors with lofty expectations. Fisker’s bankruptcy filing, roughly one year after it delivered its first vehicle and almost four years after it went public, came after months of doubts… Continue reading Fisker Files for Bankruptcy as EV Start-Up’s Cash Runs Short