Latest Electric vehicles News

M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024

Apr. 15, 2024 16:20 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: Medial Properties Trust Inc., up 75 cents to $4.74. The health care facilities owner is selling a majority interest in five Utah hospitals for about $1.1 billion. ...

Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report

Apr. 15, 2024 13:55 PM EDT

DETROIT (AP) — After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about...

Germany's Scholz calls for fair competition and warns against dumping during China visit

Apr. 15, 2024 08:14 AM EDT

BEIJING (AP) — German Chancellor Olaf Scholz called for fair competition in trade relations with China while warning about dumping and overproduction as he spoke to students in Shanghai on Monday. Scholz is visiting China against the background of looming EU tariffs on Chinese-made...

Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born

Apr. 12, 2024 21:47 PM EDT

BUENOS AIRES, Argentina (AP) — One is an erratic billionaire entrepreneur and self-declared free-speech absolutist, prone to profanity-laden rants against “wokeness” and obsessed with making humanity a multi-planetary species. The other is an iconoclastic Latin American leader...

China's exports tumble 7.5% in March and imports also fall as demand slows

Apr. 12, 2024 07:41 AM EDT

HONG KONG (AP) — China’s exports contracted in March after growing in the first two months of the year, underscoring the uneven nature of the country's recovery from the pandemic. Customs data released Friday show exports declined 7.5% in March from a year earlier, while imports...

President Milei of cash-strapped Argentina starts another US tour, plans to meet Elon Musk

Apr. 11, 2024 22:19 PM EDT

BUENOS AIRES, Argentina (AP) — President Javier Milei of Argentina kicked off a visit Wednesday to the United States, where he'll meet with tech billionaire Elon Musk, as his government seeks an infusion of cash to overhaul Argentina's embattled economy. The populist president...

Driver of electric Ford SUV was using automated system before fatal Texas crash, investigators say

Apr. 11, 2024 20:59 PM EDT

DETROIT (AP) — The driver of a Ford electric SUV involved in a February fatal crash in Texas was using the company's partially automated driving system before the wreck, federal investigators said Thursday. Data from the 2022 Mustang Mach E SUV showed that Ford's “Blue Cruise”...

China protests EU's investigation of subsidies in green industries, calling the move protectionist

Apr. 10, 2024 22:57 PM EDT

BEIJING (AP) — China has accused the European Union of protectionism and “reckless distortion” of the definition of subsidies in response to a new EU investigation into Chinese wind turbine makers. A Chinese trade remedies official made “solemn representations” on the issue...

Agency probes Philadelphia fatal crash involving Ford that may have been running on automated system

Apr. 10, 2024 17:18 PM EDT

DETROIT (AP) — The National Transportation Safety Board is investigating a March crash near Philadelphia that killed two people and involved a Ford electric vehicle that may have been operating on a partially automated driving system. A Mustang Mach E sport utility vehicle hit two...

Edmunds picks the best used plug-in hybrids that qualify for the federal tax credit

Apr. 10, 2024 10:37 AM EDT

Buying a plug-in hybrid vehicle, or PHEV, can be a great way to ensure fuel efficiency. These are hybrid vehicles that drive just like a regular hybrid but have a chargeable battery that allows you to first drive a short distance on all-electric power. Frequently charging the battery at home can...