Ford finally forced to recall 3 million cars over air bag concerns
By Manskar Ford just lost a lengthy battle with the feds over orders to recall about 3 million cars — and it won’t be cheap. The affected vehicles from model …
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Mercedes-Benz unveils EQA, a compact electric SUV
By Vega The German luxury car maker unveiled a new compact electric SUV that it said will go on sale next month at “very attractive price points”. The EQA — …
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Tesla market value crosses $800 billion for the first time
By Martha Tesla shares jumped as much as 5.6 percent, pushing the electric-car maker’s market capitalization to more than $800 billion for the first time and inching closer to the …
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Fiat Chrysler, PSA shareholders clear $52 billion merger deal
By Manskar Fiat Chrysler Automobiles and French car giant PSA are now less than two weeks away from merging into the world’s fourth-largest automaker. The companies said more than 99 …
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Tesla will reportedly soon add support for Apple, Amazon Music
By Vega Tesla, whose high-tech vehicle software already supports Spotify integration, is reportedly working to add both Apple Music and Amazon Music to its roster. Unlike other cars, which mirror …
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Elon Musk says taking Tesla private would be an ‘impossible’ task
By Vega It is “impossible” for Elon Musk to turn Tesla private — despite the CEO’s belief that ridding the electric carmaker of its duties as a public company would …
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Uber sells its self-driving car business for $4 billion
By Vega The ride-hail giant on Monday announced that it sold its Advanced Technologies Group to self-driving car startup Aurora for $4 billion, ridding itself of a source of major …
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Unplugged Cadillac dealers ditch brand
By Neill About 150 General Motor Co. dealers are parting ways with Cadillac instead of investing in costly upgrades required to sell electric cars, according to FOX Business. GM recently gave …
Read More Tesla recalling more than 9,000 Model X cars
By Manskar Tesla is recalling more than 9,500 vehicles over concerns about parts of their roofs flying off and loose bolts messing with the driver’s ability to steer. The electric-car …
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Tesla stock jumps 8 percent as automaker is added to S&P 500
By Vega Four months after achieving it’s first full year of profitability, Tesla has been accepted into the benchmark S&P 500 index. The electric automaker will be included as a …
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Bentley says it will make only electric cars by 2030
By Manskar Bentley says it will exclusively make electric cars a decade from now as it tries to jolt its business by going green. The shift means the British brand …
Read More Elon Musk’s stock-based pay plan just earned him another $3 billion
By Vega The outspoken CEO of the electric-car maker is poised to unlock the fourth tranche in an eye-popping $50 billion performance-based compensation deal, bring his total stock awards to-date …
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Daimler to pay $1.5 billion to settle emissions cheating probes
By Nicole Automaker Daimler and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the US government and California state regulators to resolve emissions cheating allegations, officials said Monday. …
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Uber promises every vehicle will be electric by 2040
By Jason Uber on Tuesday said every vehicle on its global ride-hailing platform will be electric by 2040, and it vowed to contribute $800 million through 2025 to help drivers …
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BMW posts $790 million loss as coronavirus pummels auto sales
By Vega BMW on Wednesday reported a quarterly loss of $790 million, fueled by a staggering 25-percent sales drop as the coronavirus pandemic continues to pummel the auto industry. The …
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Amazon to buy self-driving technology startup Zoox
By Amenda Amazon has agreed to buy California-based self-driving startup Zoox in a deal reported to be worth more than $1 billion that gives it options to use autonomous technology …
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GM to make electric vans for businesses in bid to beat Tesla
By Ellie General Motors is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment that includes customers such as …
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New York auto show officially canceled for 2020
By Elina Organizers said Friday they were canceling the 2020 New York auto show that had previously been pushed back until August, citing the ongoing coronavirus pandemic and the venue’s …
Read More SEC probes BMW for possible sales manipulation
By Manskar Securities regulators are reportedly investigating whether BMW distorted sales numbers with a manipulative practice known as “sales punching.” The US Securities and Exchange Commission is examining whether the …
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Porsche gets 30,000 down payments for new electric car
By Noah Some 30,000 drivers have made down payments for Porsche’s first electric car, according to the high-end automaker’s chief executive. Those customers in Europe have plunked down 2,500 euros …
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