Apr 24, 2019 6:59 PM WST
Tesla CEO Elon Musk got a dose of reality as the electric automaker announced its 2019 first quarter earnings. The electric automaker posted a $702 million dollar loss or $4.10 per share amid slowing demand for the Model 3 and difficulties delivering the company’s first mass-market car to customers.
Apr 23, 2019 2:39 PM WST
Waymo LLC, the subsidiary that spun out of Google’s early self-driving car project, is bringing jobs and manufacturing back to the Motor City. The Alphabet subsidiary is leasing space at Detroit's American Axle & Manufacturing Inc. campus to outfit Chrysler Pacifica minivans and Jaguar i-Pace electric SUVs with hardware for autonomous driving.
Apr 18, 2019 10:30 AM WST
Volkswagen unveiled its new concept SUV called the ID ROOMZZ in Shanghai this week ahead of Auto Shanghai 2019, which opens to the public on Thursday. The fully-electric SUV will join VW’s ID brand and become a flagship model for Volkswagen in China when it goes on sale in 2021.
Apr 17, 2019 1:30 PM WST
Last night in Scottsdale, Arizona, hydrogen-electric truck developer Nikola Motor Co unveiled its zero-emission class-8 Nikola Two truck a special event dubbed “Nikola World 2019”. The company says its hydrogen and battery powered trucks will transform the trucking industry.
Apr 15, 2019 1:29 PM WST
Toyota Motor Corp has agreed to sell electric car technology to EV startup Singulato Motors, its first deal with a Chinese electric vehicle startup. The deal to license EV technology will allow the startup carmaker to speed up development of a lower-priced, compact electric vehicle for the China market.
Apr 12, 2019 12:41 PM WST
Swedish automaker Volvo Cars has started producing its XC40 compact crossover SUV in China to bump up capacity to meet higher than expected demand. The popular Volvo XC40 was named the 2018 European Car of the Year.
Apr 11, 2019 6:39 PM WST
Tesla and its battery supplier Panasonic said on Thursday that they are holding off on further investments in Tesla’s Nevada Gigafactory to increase production of battery cells while they expand existing resources and study market demand.
Apr 11, 2019 2:13 PM WST
The chairman and co-founder of Chinese electric vehicle manufacturer Byton, Dr. Carsten Breitfeld, will leave the company soon, German business monthly Manager Magazin reported on Thursday. The company is facing trouble funding its planned expansion in the Chinese market, causing tensions which prompted the decision, the sources said.
Apr 09, 2019 7:07 PM WST
With next month’s anticipated launch of the new fully-electric Audi e-tron SUV, the luxury German automaker kicked off a nationwide ad campaign this week to clear up some of the misconceptions the public has about electric vehicles.
Apr 09, 2019 2:35 PM WST
Ride-hailing giant Uber announced today its rolling out a new program called “Uber Vouchers” that allows businesses to offer free or subsidized Uber rides to customers. The program is targeting at businesses as a way to bring in more customers.