Automobile
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Shanghai invited General Motors to boost investment and research and development in the city
May 25, 2023Shanghai has invited General Motors to boost investment and research and development in the city, the city government said on Wednesday. Shanghai looked forward to General Motors bringing more high-end products and cutting-edge technologies to the... -
Stellantis may limit shipments of gasoline-powered vehicles to dealers in states that have adopted California’s strict emissions rules
May 25, 2023Chrysler-parent Stellantis said on Wednesday it may limit shipments of gasoline-powered vehicles to dealers in states that have adopted California’s strict emissions rules. In a communication to dealers seen by Reuters, the Italian-American automaker said to... -
Volkswagen completed the sale of its Kaluga production plant in Russia
May 22, 2023Volkswagen has completed the sale of its Kaluga production plant in Russia and its local subsidiaries, the German carmaker said on Friday, ending months of wrangling with Russian authorities over the deal. Volkswagen has sold its... -
TuSimple Holdings to cut 30% of its global workforce
May 22, 2023TuSimple Holdings Inc said on Thursday it will cut 30% of its global workforce under a restructuring as the autonomous driving technology company looks to preserve its balance sheet amid a funding crunch in the sector.... -
Tesla to offer discounts of more than $1,300 on some Model 3 cars
May 20, 2023Tesla is offering discounts of more than $1,300 on some Model 3 cars in its U.S. inventory following even heavier discounts in Europe, according to a Reuters’ review of its website, at a time when the... -
Tesla begins producing in Shanghai a version of the Model Y to be sold in Canada this year
Apr 24, 2023Tesla has begun producing in Shanghai a version of the Model Y to be sold in Canada this year, the first time it will ship cars to North America from China, according to a person with... -
Tesla reported a drop in Q1 earnings
Apr 23, 2023Tesla reported a drop in first-quarter earnings Wednesday as price cuts at Elon Musk’s electric vehicle company boosted demand but hit profit margins. Profits came in at $2.5 billion, down 24 percent from the year-ago period... -
Sales of new cars jumped last month in Europe
Apr 22, 2023Sales of new cars jumped last month in Europe, surpassing the level of one million for the first time since June 2021, according to data from the European Automobile Manufacturers Association published on Wednesday. New car... -
Tesla profits fall on vehicle price cuts sending shares down
Apr 20, 2023Elon Musk’s electric vehicle company, Tesla, revealed a decline in first-quarter earnings on Wednesday as price cuts spurred demand but hurt profit margins. On $23.3 billion in revenues, up 24 percent from the prior period, profits... -
Joe Biden’s administration unveiled new proposed auto emissions rules
Apr 14, 2023President Joe Biden’s administration unveiled new proposed auto emissions rules Wednesday, aiming to accelerate the electric vehicle transition with a target of two-thirds of the new US car market by 2032. The proposed rules set aggressively...
