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Tesla's deal with CATL could be key to its future in China

Tesla's deal with CATL could be key to its future in China

The alliance combines the sector’s most-popular plug-in model -- the Tesla Model 3 -- with low-cost batteries in a market that last year bought more than three electric vehicles for every one sold in the U.S.


EV maker Fisker to go public via merger; company valued at $2.9B

EV maker Fisker to go public via merger; company valued at $2.9B

The proceeds are expected to be used to bring the company's first product, the Fisker Ocean, to production in late 2022.


Daimler's labor talks heat up, with 15,000 jobs at risk

Daimler's labor talks heat up, with 15,000 jobs at risk

Labor representatives said discussions over job cuts had become "rougher" as the automaker struggles with weaker sales and higher investments.


VW to replace software division boss, report says

VW to replace software division boss, report says

Christian Senger will be replaced after clashes with the company and concerns about software problems with the ID3 full-electric compact and the eighth-generation of the Golf, German newspaper Handelsblatt reported.

 


Tesla slashes Model Y price by $3,000 as pandemic upends market

Tesla slashes Model Y price by $3,000 as pandemic upends market

The crossover, just launched in March, is now priced from $51,190, including destination charges, down nearly 6 percent from a previous price of $54,190, becoming the fourth Tesla model to undergo a price cut in three months.


Toyota moves Lexus LS to a higher level of automation

Toyota moves Lexus LS to a higher level of automation

The Japanese automaker is readying its most advanced automated driving system yet for the refreshed Lexus LS later this year, as it chases rivals with automated passing function for highway driving.


Minivan competition intensifies as segment keeps shrinking

Minivan competition intensifies as segment keeps shrinking

Conquest opportunities may be slim, but the few brands still selling minivans are working to stand out with bolder styling, hybrid engines and all-wheel-drive capability.


U.S. sales scorecard: Key races

U.S. sales scorecard: Key races

U.S. auto sales rebounded in May and June, but not enough to overcome abysmal results in March and April. Here’s how the first 6 months of 2020 compare with last year.


GM cuts shift at pickup plant for absenteeism due to COVID-19

GM cuts shift at pickup plant for absenteeism due to COVID-19

The production pullback, which is likely to result in about 1,250 temporary layoffs, is related to worker absenteeism, not low demand for the Chevy Colorado and GMC Canyon made at the Wentzville, Mo., factory, GM said.


Consumer credit roiled by COVID-19

Consumer credit roiled by COVID-19

The pandemic has made it more difficult for lenders to determine credit-worthiness and harder for subprime borrowers to buy cars.