Latest Electric vehicles News

China keeps lending rate unchanged as data show housing market is still struggling

Jun. 17, 2024 06:14 AM EDT

BANGKOK (AP) — China's central bank kept a key lending rate unchanged on Monday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world's No. 2 economy's manufacturing and real estate sectors. The central bank kept its rate for 1-year...

Toyota shareholders demand vote against chairman Toyoda as automaker embroiled in testing scandal

Jun. 15, 2024 23:08 PM EDT

TOKYO (AP) — Toyota’s chairman Akio Toyoda will be facing some disgruntled shareholders this week, as two major proxy groups demand a vote against keeping the grandson of the founder on its board. The vote expected at the June 18 annual shareholders meeting comes after Toyota...

How Elon Musk's $44.9B Tesla pay package compares with the most generous plans for other U.S. CEOs

Jun. 15, 2024 09:28 AM EDT

Even though the median U.S. CEO pay package last year was nearly 200 times more than a worker in the middle of their company pay scales, Elon Musk's record-setting Tesla compensation dwarfs them by comparison. Tesla shareholders on Thursday voted overwhelmingly in favor of restoring...

Chinese premier lands in Australia on first such visit in 7 years

Jun. 15, 2024 06:50 AM EDT

MELBOURNE, Australia (AP) — Chinese Premier Li Qiang arrived in Australia on Saturday on a relations-mending mission with panda diplomacy, rock lobsters and China’s global dominance in the critical minerals sector high on the agenda. His visit is the first by a Chinese premier in...

RH, MSC Industrial fall; Adobe, Progressive rise, Friday, 6/14/2024

Jun. 14, 2024 16:24 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: Adobe Inc., up $66.57 to $525.31. The design software company raised its earnings forecast for its fiscal year. RH, down $47.32 to $229.73. The...

Elon Musk gets 77% approval from shareholders to get back his big, $44.9 billion Tesla pay package

Jun. 14, 2024 09:13 AM EDT

DETROIT (AP) — Tesla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world's largest electric vehicle maker. The favorable...

Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package

Jun. 13, 2024 21:19 PM EDT

DETROIT (AP) — If Tesla shareholders vote against restoring Elon Musk's $44.9 billion pay package Thursday, the CEO could deliver on threats to take artificial intelligence research to one of his other companies. Or he could even could walk away. If they approve the all-stock...

Stellantis CEO cites failures in US operations, ready to compete head-on with Chinese EVs

Jun. 13, 2024 16:54 PM EDT

MILAN (AP) — Stellantis CEO Carlos Tavares expressed dissatisfaction at the operation of some U.S. plants on Thursday, and took responsibility for not reacting quickly enough to address that issue, the problem of inventory backup, and tackling a “suboptimal” marketing strategy. ...

Yellen says China's trade policies could 'interfere significantly' with US bilateral relationship

Jun. 13, 2024 14:18 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector, and the Asian superpower's pursuit of its trade policies "may interfere significantly with our...

Cars? Pork? Perfume? China has many options if a trade war breaks out with Europe

Jun. 13, 2024 06:16 AM EDT

BEIJING (AP) — Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops. Will China retaliate with tariffs on European cars, taking aim at Germany's BMW and Mercedes? Would it put tariffs on agricultural products,...