Latest Electric vehicles News
Slovak government and South Korea's Hyundai Mobis sign a deal to build an electric car parts plant
BRATISLAVA, Slovakia (AP) — The Slovak government and Hyundai Mobis on Tuesday signed a memorandum of understanding on the South Korean company’s plan to build a plant for engines and other parts for electric cars in Slovakia. Prime Minister Robert Fico said Hyundai Mobis will...
Biden admin to provide $750 million to North Carolina-based Wolfspeed for advanced computer chips
WASHINGTON (AP) — The Biden-Harris administration announced plans Tuesday to provide up to $750 million in direct funding to Wolfspeed, with the money supporting its new silicon carbide factory in North Carolina that makes the wafers used in advanced computer chips and its factory in Marcy, New...
Paris Motor Show opens during a brewing EV trade war between the EU and China
PARIS (AP) — Auto manufacturers competing to persuade drivers to go electric are rolling out cheaper, more tech-rich models at the Paris Motor Show, targeting everyone from luxury clients to students yet to receive their driving licenses. The biennial show has long been a major...
Stellantis CEO says carmaker is on pace to fix sales problems after poor performance this year
DETROIT (AP) — Stellantis is fixing its slowing U.S. sales at the right pace after fumbling a marketing plan earlier this year, CEO Carlos Tavares told reporters Monday. Tavares, who last week pushed out the carmaker's chief financial officer and the chief operating officers for...
China’s exports slow sharply in September, adding to worries over the economy
HONG KONG (AP) — China’s exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in the world’s second-largest economy. Exports rose 2.4% in dollar terms from a year earlier last month, down from 8.7% year-on-year growth in...
Stock market today: Wall Street rises to close its latest record-setting week as banks jump
NEW YORK (AP) — U.S. stocks rose to records Friday as big banks rallied following a run of reassuring profit reports. The S&P 500 climbed 0.6% to top its all-time high set earlier in the week and close out its fifth straight winning week, while the Dow Jones Industrial Average...
How major US stock indexes fared Friday, 10/11/2024
U.S. stocks closed at more all-time highs as JPMorgan Chase, Wells Fargo and other big financial companies rallied following better-than-expected profit reports. The S&P 500 rose 0.6% Friday, topping its all-time high set earlier this week. The Dow Jones Industrial Average jumped...
Snubbed by Tesla, Mexican government pledges to create its own small, affordable electric car
MEXICO CITY (AP) — Snubbed by Tesla, Mexico’s new president pledged Friday to create a Mexican-made small, affordable electric car to compete with vehicles imported from China. President Claudia Sheinbaum said Teslas were too “onerous,” or expensive, for the Mexican market...
Stellantis CEO under fire from Italian lawmakers as the group grapples with financial troubles
ROME (AP) — Italian lawmakers on Friday questioned the head of Stellantis, the world's fourth largest automaker, over the group’s strategy, one day after it announced a management shakeup in an effort to revive sales. Stellantis, which makes Jeep and Chrysler vehicles, is...
Elon Musk unveils Tesla's 'Cybercab,' plans to bring autonomous driving tech to other models in 2025
LOS ANGELES (AP) — Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, though fans of the electric vehicle maker will have to wait until at least 2026 before they are available. CEO Elon Musk pulled up to a stage at the Warner Bros. studio lot in one of...
