NEWS

12/31/2019

Ghosn Flees Japan for Refuge in Lebanon

Former Nissan Chairman Carlos Ghosn, who has been awaiting trial in Japan, confirms he has fled to Lebanon to escape “injustice and political persecution.”


12/30/2019

Tesla Begins Sales of China-Built EVs

Tesla pulled a largely symbolic marketing stunt in China today by delivering 15 locally made Model 3 electric sedans to its own employees.


12/30/2019

Turkey Plans $3.7 Billion EV Production Complex

The Turkish government is backing a $3.7 billion bid to establish the country's first domestic carmaker.


12/27/2019

VW Steps Up EV Production Plan, Yet Again

The Volkswagen Group, which is getting more bullish about electric cars by the month, now predicts its namesake brand will build 1 million EVs by 2023, two years sooner than previously forecast—and 1.5 million more in 2025 alone.


12/27/2019

Australia Fines VW $1.5 Million Per Car for Diesel Cheating

Volkswagen’s 4-year-old diesel cheating scandal may be just getting started as a wave of consumer fraud complaints grows.


12/24/2019

Leader of Nissan Recovery Plan Quits

The turmoil just keeps coming for Nissan. This time it’s the impending departure of Jun Seki, head of the company’s turnaround effort, in January.


12/24/2019

Uber Founder Kalanick Quits Board

Travis Kalanick, the corrosive co-founder and ex-CEO of Uber Technologies, has quit the board and will sell off his remaining shares in the ride-hailing service this week.


12/24/2019

Hopes Fizzle for Expanded EV Credits in U.S.

Congress has balked at expanding a long-running tax credit for buyers of electric cars in the U.S. It's bad news for Tesla and General Motors.


12/23/2019

EV Startup Rivian Gets $1.3 Billion in New Funding

Electric car startups are still attracting major funding from hopeful investors. The latest example: $1.3 billion landed by Michigan-based Rivian Automotive.


12/23/2019

Will Minivans Be the Next Victim of SUV Mania?

Sales of traditional cars have taken a beating as consumers opt for SUV/crossover vehicles instead. Will minivans be the next casualty?