A Renault Scenic electric vehicle (EV) at the Munich Motor Show (IAA) in Munich, Germany, on Tuesday, Sept. 5, 2023. Bloomberg | Getty Images Shares of French car maker Renault jumped 5% in early deals on Tuesday, after the company canceled plans to publicly list its new electric vehicle and software business. Renault said Monday… Continue reading Renault shares jump after scrapping plans to list Ampere EV unit
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GM beats Wall Street estimates, forecasts continued strong profit in 2024
watch now DETROIT — General Motors beat Wall Street’s top- and bottom-line expectations for the fourth quarter, while forecasting another strong year despite potential economic and sales head winds. The Detroit automaker’s 2024 guidance calls for net income attributable to stockholders of $9.8 billion to $11.2 billion, or $8.50 to $9.50 earnings per share; adjusted earnings before interest… Continue reading GM beats Wall Street estimates, forecasts continued strong profit in 2024
Race for China’s EV market could last 3 years, BYD says, claiming it wants to work with Tesla
Chinese automaker BYD had one of the biggest stands at the IAA show in Munich, Germany in 2023. Arjun Kharpal | CNBC BEIJING — Competition for China’s electric car market will continue to heat up in the next two to three years, according BYD, which claimed it wants to work with Tesla to grow the… Continue reading Race for China’s EV market could last 3 years, BYD says, claiming it wants to work with Tesla
Tesla recalls nearly 200,000 vehicles in the U.S. over rearview camera bug
BURBANK, CALIFORNIA – JANUARY 16: Tesla electric cars are parked at a Tesla dealership on January 16, 2024 in Burbank, California. Carbon emissions fell by about 1.9 percent in 2023, a positive signal, but further cuts must be implemented if the U.S. hopes to achieve its climate goal of 50 percent emissions cuts by 2030.… Continue reading Tesla recalls nearly 200,000 vehicles in the U.S. over rearview camera bug
Probe into GM’s Cruise finds poor leadership, culture issues at center of accident response
Chevrolet Cruise autonomous vehicles sit parked in a lot on June 08, 2023 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Culture issues, ineptitude and poor leadership at General Motors’ Cruise autonomous vehicle unit were at the center of regulatory oversights and coverup concerns that have plagued the company since… Continue reading Probe into GM’s Cruise finds poor leadership, culture issues at center of accident response
GM, Honda begin U.S. fuel cell production in step toward replacing diesel
An employee assembles a fuel cell system in the module final assembly at Fuel Cell System Manufacturing LLC, GM and Honda’s fuel cell joint venture in Brownstown, Michigan. Courtesy image BROWNSTOWN, Mich. – General Motors and Honda Motor have begun commercial production of hydrogen fuel cell systems in a step toward offering alternative zero-emissions solutions… Continue reading GM, Honda begin U.S. fuel cell production in step toward replacing diesel
Elon Musk says Chinese EV makers will ‘pretty much demolish’ most competitors without trade barriers
Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. Slaven Vlasic | Getty Images Elon Musk said Chinese electric auto makers will find “significant” success outside of China, even as his firm, Tesla, faces intense competition from these same… Continue reading Elon Musk says Chinese EV makers will ‘pretty much demolish’ most competitors without trade barriers
Tesla shares close down 12% after automaker warns of slowdown
Tesla and SpaceX CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London on Nov. 2, 2023. Kirsty Wigglesworth | Reuters Tesla shares closed down 12% Thursday, their biggest drop in over a year, a day after the company reported earnings that missed expectations and warned of a slowdown… Continue reading Tesla shares close down 12% after automaker warns of slowdown
Shares of Tesla suppliers in Asia take a beating after automaker misses targets
A Tesla Inc. Model 3 long range electric vehicle charges at the Tesla Supercharger station in Kettleman City, California, U.S., on Wednesday, July 31, 2019. Patrick T. Fallon | Bloomberg | Getty Images Shares of electric vehicle makers and Tesla‘s Asia suppliers tumbled on Thursday after the EV maker missed fourth quarter revenue and profit… Continue reading Shares of Tesla suppliers in Asia take a beating after automaker misses targets
United Auto Workers union endorses President Joe Biden for reelection over Trump
President Joe Biden celebrates with United Auto Workers President Shawn Fain after Fain and the UAW endorsed Biden for president at a Community Action Program legislative conference in Washington, Jan. 24, 2024. Leah Millis | Reuters The United Auto Workers union is endorsing President Joe Biden for reelection this year, UAW President Shawn Fain announced… Continue reading United Auto Workers union endorses President Joe Biden for reelection over Trump