Browsing Category
Automobile
Tesla Q2 earnings to reflect factory woes, but expansion continues
Tesla's earnings report on Wednesday will be mostly looking backward on a weekslong plant closure in China that significantly cut production there, as well as the slow launches in Texas and Berlin.
The company said in early July that…
Twitter – Musk trial gets fast tracked
Twitter Inc will get an October trial in its legal fight to hold Telsa CEO Elon Musk to his $44 billion takeover, after a Delaware judge said on Tuesday the social media company deserved a quick resolution of the deal's uncertainty.The…
Inside China's scramble to overcome microchip crunch
Automotive chip order times remain long around the world, but brokers are focusing on China, which has become ground zero for a severe shortage that the rest of the industry is gradually moving beyond.
Source link
Tesla crash victim was 99% to blame for his death, Fla. jury says
A jury found Tesla Inc. just 1 percent responsible for the death of a teenager who crashed a Model S into a wall at high speed, concluding that the 18-year-old and his father were 99 percent to blame for the 2018 accident.
The verdict…
Canadian retailer Foundation Automotive enters Tennessee with purchase of four dealerships
Growing Canadian retailer Foundation Automotive Corp. has entered a new state and added a new brand, Nissan, to its portfolio with its latest acquisition of dealerships.Foundation Automotive bought Jones Buick-GMC, Jones…
Least expensive Electrical Automobiles for 2022
The ProducersAutomotive and Driver
Trying to minimize your carbon footprint or avoid wasting coin by opting out of excessive fuel costs? Then it could be time to think about an electric car. Don't…
Ally Financial sees bright side despite Q2 drop
Ally Financial's auto finance income fell by 50 percent in the second quarter to $600 million — but that's not necessarily a bad thing, according to the company. Under the Current Expected Credit Losses accounting standard, Ally must…
Scott Keogh, Volkswagen of America CEO, to lead Scout; Pablo Di Si to succeed him
Volkswagen Group of America CEO Scott Keogh will leave the brand and take over as the first CEO of the German automaker's nascent Scout electric vehicle brand, the automaker said Tuesday.
Pablo Di Si, 52, who has headed VW's South…
A quarter of consumers likely to go electric, AAA survey says
A quarter of American consumers will likely go fully electric for their next vehicle purchase, according to a AAA survey.
It's a substantial finding, said Greg Brannon, director of automotive engineering at AAA. He said it will pave the…
Mercedes-Benz of San Diego fires 20 striking union technicians
Mercedes-Benz of San Diego, the target of a strike by union technicians for the past month, last week fired 20 striking employees.
Management at the luxury dealership owned by Penske Automotive Group Inc. has filed a complaint with the…