Latest Electric vehicles News
Mining giant Anglo-American rejects BHP Group's $39 billion takeover offer
LONDON (AP) — U.K.-based mining giant Anglo American has rejected a 31 billion pound ($39 billion) takeover offer from BHP Group, saying it significantly undervalues the company and its growth potential. Anglo American said Friday that its board unanimously rejected the bid from...
Mining giant BHP Billiton makes $39 billion bid for Anglo American to expand copper operations
LONDON (AP) — Shares in U.K.-based mining giant Anglo American surged Thursday after it received a 31 billion-pound ($39 billion) takeover approach from rival BHP Billiton, a deal that would create the world’s biggest copper miner, with around 10% of global output — a hugely lucrative market...
Honda planning to expand its electric vehicle efforts in Canada, Toyota expands in Indiana
Honda plans to invest $11 billion, with the help of joint venture partners, to build out its electric vehicle efforts in Canada as it prepares for future demand in North America for the automobiles. The company said Thursday that it has started evaluating the requirements to build an...
Chinese automakers redefine the car as a living space at Beijing Auto Show
BEIJING (AP) — How about turning a car's front bucket seats 180 degrees so they face the rear seats and extending out a table so the occupants can play cards or eat a meal? Or a 43-inch (109 centimeter) screen for the passengers in the back seat? The seemingly never-ending efforts...
Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline
DETROIT (AP) — Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company's combustion engine vehicle unit saw revenue and sales decline. The Dearborn, Michigan, automaker said Wednesday it made $1.33 billion from January through March, compared with $1.76...
Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours
Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms. But its shares dropped sharply in after-hours trading following lukewarm revenue guidance. ...
Texas Instruments, Mattel rise; General Dynamics, Teledyne fall, Wednesday, 4/24/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday: Tesla Inc., up $17.45 to $162.13. The electric vehicle maker plans to accelerate production of new, more affordable vehicles. Visa Inc., up 91 cents to $275.02. ...
Tesla driver in Seattle-area crash that killed motorcyclist told police he was using Autopilot
SEATTLE (AP) — A Tesla that may have been operating on the company's Autopilot driving system hit and killed a motorcyclist near Seattle, raising questions about whether a recent recall went far enough to ensure Tesla drivers using Autopilot pay attention to the road. After the...
Volkswagen revamps its approach in China in bid to overtake upstart EV makers
BEIJING (AP) — As auto giant Volkswagen AG races to catch up with upstart Chinese competitors, it has drivers like 26-year-old Ren Yiling in mind. She is young and wants to play video games in her car. The digital features of her Zeekr 001, a European-designed electric car from...
Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. The Austin, Texas, company said it made $1.13 billion from January through March compared...
