Category: Motorized Vehicle

July 8, 2020

FRANKFURT — Audi’s new CEO, Markus Duesmann, plans to seize the deepest industry slump in decades to make the automaker nimbler and restore its technological edge after five years of management turmoil. Duesmann intends to review Audi’s product lineup and […]

July 2, 2020

Ford Motor reported Thursday that its U.S. vehicle sales in the second quarter were down 33.3%, in line with industry expectations as the coronavirus caused consumers to stay at home and dealerships and factories to shutter. Ford’s decline was less […]

July 1, 2020

WASHINGTON — Automakers and their suppliers may be able to escape penalties for compliance infractions for up to a year under a new North American trade deal that takes effect Wednesday, a U.S. Customs and Border Protection official said Tuesday. […]

June 30, 2020

SHANGHAI — China-based electric car startup Byton, which has planned sales in the U.S., said Tuesday it will suspend production starting July 1 to conduct a reorganization of the automaker after being hit by the coronavirus pandemic. The company, which […]

June 30, 2020

Tesla just hit a major milestone. The electric vehicle maker turned 10 years old as a publicly traded company on Monday, a stretch in which it rallied from its IPO price of $17 a share to over $1,000. Just this […]

June 29, 2020

Tesla CEO Elon Musk sent one of his characteristic motivational emails to all employees at his electric vehicle company on Monday around noon California time. In the email, which was shared with CNBC, he urged workers to “go all out” […]

June 29, 2020

DETROIT — Ford Motor Co. launched a debt relief program Monday that allows buyers of a new, used or certified pre-owned vehicle financed through the automaker’s lending arm to return it if they lose their job within a year. The […]

June 26, 2020

Tesla is peeling away from the pack. The automaker’s head starts in developing electric and autonomous vehicles are solidifying its lead over the rest of the industry as the Covid-19 pandemic weighs on car sales and disrupts supply chains, Ark […]

June 26, 2020

Amazon has just taken its boldest step yet into self-driving vehicles, acquiring six-year-old start-up Zoox, the company announced Friday. Amazon said the deal will help bring Zoox’s “vision of autonomous ride-hailing to reality.” Zoox will continue to operate as a […]

June 25, 2020

Tesla Inc. plans to build an expanded battery research and manufacturing facility in Fremont, Calif., to be operated around the clock, under a project dubbed Roadrunner, documents from the city government showed. The plan signals the U.S. electric vehicle maker’s […]