Latest Electric vehicles News

Jeep maker Stellantis to lay off an unspecified number of factory workers in the coming months

Apr. 23, 2024 13:37 PM EDT

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...

Wall Street is looking to Tesla's earnings for clues to Musk's plan to restore company's wild growth

Apr. 23, 2024 12:00 PM EDT

Faced with falling global sales and a diving stock price, Tesla has slashed prices again on some of its electric vehicles and its “Full Self Driving” system in an apparent effort to boost the company's earnings growth. But Wall Street was unimpressed and will be looking for other...

General Motors reports strong first-quarter profits as prices help offset small US sales dip

Apr. 23, 2024 11:35 AM EDT

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...

Tensions between Beijing and Washington are the biggest worry for US companies in China, report says

Apr. 23, 2024 04:07 AM EDT

Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China released Tuesday. The survey of U.S. companies said inconsistent and unclear policies and enforcement,...

Stock market today: Asian stocks track Wall Street gains ahead of earnings reports

Apr. 23, 2024 00:31 AM EDT

HONG KONG (AP) — Asian benchmarks extended gains Tuesday after U.S. stocks clawed back a chunk of their losses from last week, which was the worst for the S&P 500 in more than a year, while the yen weakened further to fresh 34-year lows. U.S. futures were mixed and oil prices...

US advances review of Nevada lithium mine amid concerns over endangered wildflower

Apr. 23, 2024 00:07 AM EDT

RENO, Nev. (AP) — The Biden administration has taken a significant step in its expedited environmental review of what could become the third lithium mine in the U.S., amid anticipated legal challenges from conservationists over the threat they say it poses to an endangered Nevada wildflower. ...

Vista Outdoor, Salesforce rise; Tesla, Cardinal Health fall, Monday, 4/22/2024

Apr. 22, 2024 16:16 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: Tesla Inc., down $5 to $142.05. The electric vehicle maker cut the price of its so-called “Full Self Driving” system by about a third. Salesforce Inc., up $3.44...

Tesla cuts the price of its "Full Self Driving" system by a third to $8,000

Apr. 21, 2024 20:31 PM EDT

NEW YORK (AP) — Tesla knocked roughly a third off the price of its “Full Self Driving” system — which can’t drive itself and so drivers must remain alert and be ready to intervene — to $8,000 from $12,000, according to the company website. Tesla CEO and billionaire Elon...

Tesla cuts US prices for 3 of its electric vehicle models after a difficult week

Apr. 20, 2024 12:32 PM EDT

Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla's most popular model...

Growing demand for minerals sparks Indigenous outcry over 'business as usual' mining practices

Apr. 18, 2024 20:23 PM EDT

BRASILIA, Brazil (AP) — Indigenous representatives from 35 countries issued a declaration Thursday criticizing the fact that they are too rarely consulted about mining that takes place on or near their lands, an issue that has become more acute with increased demand for minerals needed in the...