Latest Automotive technology News

Crews prepare for construction of electric car plant

Jul. 18, 2019 2:39 PM EDT

CASA GRANDE, Ariz. (AP) — Crews have started moving earth at the Arizona site planned for an electric car plant. Lucid Motors tells the Casa Grande Dispatch that grading work in preparation for construction began Wednesday at the Casa Grande site. Casa Grande City Manager Larry Rains says the city has...

Providence riders to pay more for electric bike share

Jul. 16, 2019 12:52 PM EDT

PROVIDENCE, R.I. (AP) — Providence residents are paying more for a ride on the city's popular electric bikes. JUMP, an Uber-owned company, announced a change in its pricing model Monday. A $2 fee now buys only six minutes and 40 seconds on the electrified bike share. Last week, that same $2 could buy a...

Canadians set to extract Arkansas lithium from saltwater sea

Jul. 15, 2019 1:06 AM EDT

LITTLE ROCK, Ark. (AP) — Robert Mintak's pipe dream is now in the pipeline. The Canadian's company, Standard Lithium Ltd., broke ground last week on a pilot plant in El Dorado, a key step toward a unique vision of pulling battery-grade lithium from a saltwater sea beneath south Arkansas. The plant will...

For Formula E teams, winning is almost secondary

Jul. 14, 2019 12:14 PM EDT

Sure, Formula E teams want to win and make money. That's a given. The big automobile manufacturers who fund the open-wheel electric cars that whir around tracks all over the world also have a bigger goal in mind: research and development. Brand named automakers — from BMW to Audi to Jaguar — compete...

Electric vehicle company just jobs at northern Indiana plant

Jul. 13, 2019 12:56 PM EDT

MISHAWAK, Ind. (AP) — An electric vehicle startup is cutting about 30 jobs at a northern Indiana factor where it has halted plans to start production. The subsidiary of Chinese automaker Sokon had announced plans last year for hiring more than 450 workers at the AM General commercial assembly plant in...

Business Highlights

Jul. 12, 2019 5:01 PM EDT

___ Report: FTC approves roughly $5B fine for Facebook SAN FRANCISCO (AP) — A Wall Street Journal report says that the FTC has voted this week to approve a fine of about $5 billion for Facebook over privacy violations. The report Friday cites an unnamed person familiar with the matter. Facebook and the FTC...

Markets Right Now: Stocks end week of gains at record highs

Jul. 12, 2019 4:08 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending a week of steady gains with more record closes for major U.S. indexes. Technology, industrial companies and retailers put up some of the biggest gains on Friday, as they have for much of the year. HP...

VW, Ford team up to make autonomous, electric vehicles

Jul. 12, 2019 3:18 PM EDT

NEW YORK (AP) — Volkswagen will invest $2.6 billion into a Pittsburgh autonomous vehicle company that's mostly owned by Ford as the automakers who were once rivals deepen their partnership to develop driverless and electric vehicles in an ultra-competitive landscape. The two automakers will become equal...

Electric vehicle company puts Indiana factory plans on hold

Jul. 12, 2019 2:23 PM EDT

MISHAWAKA, Ind. (AP) — An electric vehicle startup has halted plans to start production at a northern Indiana factory where it aimed to employ more than 450 workers. The subsidiary of Chinese automaker Sokon had announced its plans last year for spending $160 million to buy and retool the former AM General...

The Latest: Experts like what they see in Ford, VW tie-up

Jul. 12, 2019 9:25 AM EDT

NEW YORK (AP) — The Latest on Ford's alliance with Volkswagen (all times local): 9:25 a.m. Auto industry watchers say Ford and Volkswagen have the right idea with their new partnership to develop autonomous and electronic vehicle technology. The companies on Friday announced Friday that Volkswagen will...