Feb 18, 2019 4:43 PM WST
The U.S. Commerce Department sent its report on auto tariffs late Sunday evening to U.S. President Donald Trump, hours before the end of the 270-day deadline. The report’s recommendations can potentially lead to steeper tariffs on imported cars and auto parts.
Feb 15, 2019 6:05 PM WST
Ford Motor Co. and Volkswagen AG are inching closer towards an agreement to collaborate on self-driving cars together with Argo AI, Ford’s self-driving unit. According to a report from Bloomberg, the two automakers have overcome earlier obstacles and are making progress in their talks.
Feb 14, 2019 6:42 PM WST
Autonomous truck startup TuSimple announced it has raised another $95 million in Series D funding based on a pre-money valuation of $1 billion. The company will use the new capital investment to fund its commercial development of self-driving trucks and additional product development.
Feb 14, 2019 3:52 PM WST
Texas-based auto finance and leasing company Xcelerate announced it will offer extended warranties for the first time on used EVs, including more pricier Tesla models. The company said it’s the first in the U.S. to provide extended warranty coverage for electric vehicles.
Feb 13, 2019 7:00 PM WST
German automaker Volkswagen AG and the Ford Motor Co are still hashing out details of an alliance first announced in June 2018 to work together on self driving cars and other related technology. The two automakers are at odds over how much the VW will invest in Ford’s autonomous driving unit as part of the deal.
Feb 12, 2019 6:08 PM WST
With all of the talk surrounding electric vehicles and plug-in hybrids lately, BMW is getting back to its performance and racing heritage with two new M series models. The automaker announced today all-new M versions of the popular X3 and X4 models.
Feb 12, 2019 1:47 PM WST
The Hyundai Kona, the first electric SUV from the South Korean automaker, keeps racking up accolades from the automotive industry. The compact SUV was named the Edmunds Editors’ Choice for best EV of 2019.
Feb 07, 2019 6:09 PM WST
As General Motors closes plants and layoff thousands of workers, the Ford Motor Company is investing $1 billion in its Chicago assembly and stamping plants and adding 500 new jobs, as it prepares to launch three highly anticipated new SUVs that go on sale later this year, including the all-new Explorer.
Feb 06, 2019 6:26 PM WST
CATL, the world’s largest maker of battery cells for electric vehicles, has already committed to building a factory in Germany, but now the battery maker plans to increase the size of its factory in Erfurt to meet rising demand from Germany’s auto industry.
Feb 04, 2019 7:34 PM WST
Volkswagen’s Electrify America said on Monday it will install Tesla battery storage packs at 100 of its charging stations across the United States. For EV owners, the move is designed to help lower the costs for charging their vehicles.