A Canadian man who lives in China was arrested Tuesday and held in New York after he and a business partner were accused of trying to sell secret battery manufacturing technology belonging to Tesla. Federal prosecutors in Brooklyn asked a judge to hold Klaus Pflugbeil without bail on a charge of theft of trade secrets.… Continue reading U.S. Accuses Two Men of Stealing Tesla Trade Secrets
Category: US Motoring Press
Tesla Settles Discrimination Suit With Former Factory Worker
Tesla and a former employee have agreed to settle a closely watched lawsuit that cast a harsh light on the carmaker’s treatment of Black workers. Lawyers for Tesla and for Owen Diaz, who worked at the company’s factory in Fremont, Calif., did not disclose the terms of the settlement in a legal filing on Friday.… Continue reading Tesla Settles Discrimination Suit With Former Factory Worker
Automakers Are Sharing Consumers’ Driving Behavior With Insurance Companies
Kenn Dahl says he has always been a careful driver. The owner of a software company near Seattle, he drives a leased Chevrolet Bolt. He’s never been responsible for an accident. So Mr. Dahl, 65, was surprised in 2022 when the cost of his car insurance jumped by 21 percent. Quotes from other insurance companies… Continue reading Automakers Are Sharing Consumers’ Driving Behavior With Insurance Companies
Yellen warns China’s surplus of solar panels, EVs could be dumped on global markets
U.S. Treasury Secretary Janet Yellen testifies during a hearing before the Financial Services and General Government Subcommittee of the House Appropriations Committee at Rayburn House Office Building on Capitol Hill on March 21, 2024 in Washington, DC. Alex Wong | Getty Images Treasury Secretary Janet Yellen on Wednesday warned that China is treating the global… Continue reading Yellen warns China’s surplus of solar panels, EVs could be dumped on global markets
Hyundai considering hybrid vehicle production at $7.6 billion Georgia EV plant
Hyundai CEO Jae Hoon Chang (left) and José Muñoz, Hyundai president and global chief operating officer, attend the 2024 New York International Auto Show Michael Wayland | CNBC NEW YORK – Hyundai Motor is reevaluating its plans to exclusively produce all-electric vehicles at a new plant under construction in Georgia, an executive told CNBC on… Continue reading Hyundai considering hybrid vehicle production at $7.6 billion Georgia EV plant
‘Too early to judge’: Global carmakers contend with closure at busiest U.S. auto port
The remains of the Francis Scott Key Bridge on March 26, 2024 in Baltimore. Michael A. McCoy | The Washington Post | Getty Images The Baltimore bridge collapse has prompted carmakers to assess operations after the closure of the busiest U.S. auto port. Many do not expect major disruptions so far. In a dramatic scene,… Continue reading ‘Too early to judge’: Global carmakers contend with closure at busiest U.S. auto port
Ford sees opportunity for Mustang as competitors abandon V8 engines
2024 Ford Mustang Source: Ford DETROIT — Ford Motor sees opportunity to grow Mustang sales as it becomes the last American muscle car with a traditional V8 engine, playing to generations of gearheads who’ve been drawn to the performance vehicles. The optimism comes after Mustang’s closest American competitors ended production of their muscle cars in… Continue reading Ford sees opportunity for Mustang as competitors abandon V8 engines
Nissan Motor slow in India so far, but ready to advance with alliance for bigger play: Makoto Uchida
Makoto Uchida, the global CEO and President of Nissan Motor Corporation says the brand may have been a bit slow and small in the past, but the company has “strengths” to “advance with its alliance in India.” Visiting India immediately after announcing its new mid-term vision coined Nissan Arc, which envisages India to play a… Continue reading Nissan Motor slow in India so far, but ready to advance with alliance for bigger play: Makoto Uchida
India not an easy market, Renault searching for secret sauce to success – CEO Luca de Meo
Luca de Meo, CEO, Renault Group claims that “India is not an easy market – and a lot of car makers have had to bite the dust,” yet, the French car maker is “not shying away from the market and is ready to bet on India for the future,” along with its alliance partner Nissan.… Continue reading India not an easy market, Renault searching for secret sauce to success – CEO Luca de Meo
McLaren previews big changes with future design language
McLaren Automotive has previewed a new design language that will be used on all future vehicles – and it has been conceived to enable the brand to expand into new segments. The new design trends will be represented by three exterior design signatures and a wraparound interior. They take inspiration from McLaren’s previous road cars and… Continue reading McLaren previews big changes with future design language