Latest Electric vehicles News
BMW warns profits will fall due to costs, trade uncertainty
FRANKFURT, Germany (AP) — German automaker BMW said Wednesday that profits in 2019 would be "well below" last year's and that it planned to cut 12 billion euros ($13.6 billion) in costs by the end of 2022 to offset spending on new technology. The company said profits would be eroded by higher raw materials...
Musk's lawyers say tweet complied with SEC fraud settlement
DETROIT (AP) — Tesla CEO Elon Musk should not be found in contempt of court because he has complied with the terms of a securities fraud settlement, his attorneys wrote in documents filed Monday night with the U.S. District Court in Manhattan. Musk's lawyers wrote that a Feb. 19 tweet merely restated prior...
Ghosn's journey: Star auto executive to masked suspect
Carlos Ghosn, the star auto executive credited with rescuing both Renault and Nissan, left a drab Tokyo detention center Wednesday after more than three months in custody, his identity obscured by a surgical mask, hat and construction worker's outfit. The jet-setting turnaround wizard was pursued by TV news...
The Latest: Last car comes off line at GM assembly plant
LORDSTOWN, Ohio (AP) — The Latest on the idling of a GM plant in Ohio (all times local): 3:40 p.m. The last Chevrolet Cruze has rolled off the assembly line at a General Motors plant in Ohio where 1,700 hourly positions are being eliminated, perhaps for good. The factory near Youngstown is the first of...
The Latest: VW gives dune buggy an electric makeover
GENEVA (AP) — The Latest on the Geneva auto show (all times local): 1:00 p.m. Volkswagen is giving the renowned dune buggy a makeover for a digitized and environmentally-conscious era, presenting a noise- and pollution free concept car billed as just as much fun in the sands as its petrol-powered...
Electric Jaguar wins Car of the Year in Europe
GENEVA (AP) — The electric Jaguar I-Pace won the Car of the Year award in Europe on Monday, the first time the storied British brand has been bestowed the prize just as Brexit looms over the continent's auto industry. The small SUV with coupe lines edged out the Alpine A110 sports car, which is not a mass...
Electrics, compacts and SUVs share stage at Geneva auto show
FRANKFURT, Germany (AP) — Carmakers are hoping to give consumers a glimpse of the future at this year's Geneva auto show as they roll out new electric cars and try to re-energize an industry facing serious challenges on several fronts. The Geneva International Motor Show is taking place against a...
Tesla's online-only sales approach comes with big risks
DETROIT (AP) — When Gary Bornstein spent $52,000 for a Tesla Model 3 last summer, he did it without taking a test drive or even seeing the car that he now owns. The Long Island, New York, financial consultant did his research and ordered the car online, a process that Tesla CEO Elon Musk is gambling on...
Tesla to close stores to reduce costs for $35,000 Model 3
SAN FRANCISCO (AP) — Tesla will only sell its electric cars online as it accelerates its cost cutting so it can realize its long-running goal of selling a mass-market sedan for $35,000. The change announced Thursday will allow the Silicon Valley automaker to begin selling its Model 3 for $35,000 — a...
Tesla to pay off $920M in bonds with company cash
Tesla Inc. will pay off $920 million worth of bonds when they come due on Friday, using up about one quarter of the cash available for capital spending and future debt payments. The electric car and solar panel company and debt holders had the option of converting the bonds to stock if the price hit an average of...
LOADING MORE STORIES
