Elon Musk, the chief executive of Tesla, warned shareholders Tuesday to expect a difficult year because of an unsteady global economy and high interest rates. “This is going to be a challenging 12 months,” Mr. Musk said at Tesla’s annual shareholder meeting. He added, “Tesla is not immune to the global economic environment.” Mr. Musk’s… Continue reading Musk Warns Tesla Shareholders to Expect “Challenging” Year
Author: New York Times Online News
China Orders Tesla to Recall 1.1 Million Vehicles Over Braking Risks
China has ordered Tesla, the world’s dominant maker of electric vehicles, to recall 1.1 million vehicles, citing an issue with the acceleration and braking systems of certain models manufactured in China and abroad. China’s market regulator announced the decision after carrying out an investigation into a reported defect, according to a statement issued on Friday.… Continue reading China Orders Tesla to Recall 1.1 Million Vehicles Over Braking Risks
United Auto Workers Hold Off on Backing Biden, for Now
The United Auto Workers, a politically potent labor union, is planning to withhold its endorsement of President Biden in the early stages of the 2024 race, according to an internal memo from its president to members on Tuesday. The memo, written by Shawn Fain, the Detroit-based union’s president, said the leadership of the United Auto… Continue reading United Auto Workers Hold Off on Backing Biden, for Now
Ford Reports $1.8 Billion Profit in Quarter
Ford Motor reported a solid profit in the first quarter, although the automaker indicated that its turnaround was not complete and that it had a ways to go before it starts making money on electric vehicles. On Tuesday, the company said it made $1.8 billion in profit in the first three months of 2023 as… Continue reading Ford Reports $1.8 Billion Profit in Quarter
Shift to Electric Cars Gives Design Centers a New Look, Too
The electric vehicle revolution isn’t on its way. From where Kenny Anderson sits, it has already broken ground. “There’s no stopping it,” said Mr. Anderson, an advanced manufacturing operations lead at DPR Construction, a builder focused on factories like the mammoth battery plants powering this industrywide change. “Every couple of weeks, there’s a new multibillion-dollar… Continue reading Shift to Electric Cars Gives Design Centers a New Look, Too
GM’s Electric Vehicles Will Use Tesla’s Charging Network
General Motors on Thursday said it had reached a deal that would allow its electric vehicles to use Tesla’s extensive charging network. G.M. also said its future battery-powered models would use the charging plug standard pioneered by Tesla. The announcement, which came two weeks after Ford struck a comparable agreement, is likely to make Tesla’s… Continue reading GM’s Electric Vehicles Will Use Tesla’s Charging Network
24 Hours of Le Mans: 100 Years of Endurance and Innovation
This year marks the 100th anniversary of the 24 Hours of Le Mans, which was first held in May 1923 to help spur innovation in the growing automotive industry by emphasizing not just speed, but also efficiency, reliability and endurance. “It is a very demanding race, and the greatest race,” said Tom Kristensen, who has… Continue reading 24 Hours of Le Mans: 100 Years of Endurance and Innovation
At 24 Hours of Le Mans, Toyota Faces New Challengers
For the first time since 2017, the 24 Hours of Le Mans in France will feature a handful of cars from the major automakers this weekend, competing for the top prize. Toyota, which has won the last five years as the only big automaker, now faces a crowded field. Fighting for overall victory will also… Continue reading At 24 Hours of Le Mans, Toyota Faces New Challengers
At 24 Hours of Le Mans, NASCAR Is Out of Its Element
When the possibility of a NASCAR Cup Series car competing in the 24 Hours of Le Mans endurance race was first discussed two years ago, there was some surprise. “I talked to a few people, traditional sports-car folks and traditional racing folks, and when I told them about the project, they were scratching their head… Continue reading At 24 Hours of Le Mans, NASCAR Is Out of Its Element
Formula 1 Finds a New Way to Advertise on Its Cars
When a way to display digital advertising on racecars was pitched to McLaren, team officials were concerned it was just a gimmick. Brand logos are already on cars, but this new method allows teams to show additional ads because they appear on panels mounted on the side of the cockpit and are visible to home… Continue reading Formula 1 Finds a New Way to Advertise on Its Cars