Latest Electric vehicles News
As Biden celebrates computer chip factories, voters wait for the promised production to start
WASHINGTON (AP) — President Joe Biden has a great economic story to tell voters a decade from now, less so in 2024. On Thursday, the Democratic president will head to upstate New York to celebrate Micron Technology's plans to build a campus of computer chip factories made possible...
Electric cars and digital connectivity dominate at Beijing auto show
BEIJING (AP) — Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. Toyota and Nissan both...
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...
Jeep maker Stellantis to lay off an unspecified number of factory workers in the coming months
DETROIT (AP) — Jeep maker Stellantis is planning to lay off an unspecified number of workers at its U.S. factories in the coming months to deal with a rapidly changing global auto market, the company said Tuesday. The statement comes as the company faces increased capital spending...
General Motors reports strong first-quarter profits as prices help offset small US sales dip
DETROIT (AP) — Despite a small dip in U.S. vehicle sales, General Motors' first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles. The automaker said that while its average sales price per vehicle was down slightly from...
