Tesla CEO Elon Musk has opened a new chapter in his book of visions as he unveiled a prototype electric big-rig truck that aims to throw Tesla into a new market even as it struggles...
Daimler’s Media Night presentation at the IAA in Frankfurt was a showy affair, meant to present the Mercedes Benz maker’s speeding into the future. But first it has to get through the present, says Janelle...
The e-car pioneer has announced it wants to raise more than a billion dollars in fresh debt obligations under efforts to strengthen its balance sheet ahead of mass-producing its latest Model 3 sedan. With Tesla’s first...
The US car market appears to be cooling faster than expected as the big three American automakers as well as their foreign rivals reported fewer sales in April – the fourth consecutive month of declines....
The German premium carmaker and the world’s largest automotive supplier have announced a partnership in the race to build self-driving cars, with their first automated taxi planned to hit the road early next decade. ...
US chipmaker Intel has announced it will buy Israeli tech company Mobileye. With the multibillion-dollar acquisition, Intel wants to obtain a leading role in the production of autonomous driving technology. In what’s deemed to be...
The New York Fed, in its Household Debt and Credit Report for the fourth quarter 2016, put it this way today: “Household debt increases substantially, approaching previous peak.” It jumped by $226 billion in the...
The US tech giant is said to be considering a tie-up with the luxury carmaker as part of an effort to invest some of its huge cash reserves in the auto industry. But McLaren has...
As interest wanes in more traditional car segments, sport utility vehicles have been riding high – a phenomenon that’s unlikely to grind to a halt as stricter fuel consumption rules kick into gear in the...
Robust demand in China has become the engine driving growth at German auto maker Volkswagen (VW). Rising sales in the world’s biggest car market made VW shine in May, despite the dark clouds over Europe’s...
The German carmaker Volkswagen has announced it is expecting a difficult business environment this year, which will result in stagnating operating profit. But the company said sales and revenues would most likely rise. Germany’s Volkswagen...
US auto giant General Motors and French carmaker PSA Peugeot Citroen have finalized details of their strategic alliance. Contracts have been signed for PSA to share costs and projects with GM’s troubled German unit Opel....
