Carmakers

Ford CEO Jim Farley said Trump would halve the EV market by ending subsidies. Now he’s writing down $19.5 billion amid a ‘customer-driven’ shift | Fortune

December 16, 2025 · Business

Several months ago, Ford CEO Jim Farley said ending the nearly two-decade-long EV tax credit would halve America’s electric-vehicle market. Now his company is facing its own reality…

Kia is recalling over 427,000 Tellurides that might roll away while parked

March 31, 2024 · Business

Kia is recalling more than 427,000 of its Telluride SUVs due to a defect that may cause the cars to roll away while they’re parked. According to documents…

Electric vehicles are creating a ‘halo effect’ for hybrids—and losing prospective customers to them

March 23, 2024 · Business

“Hybrids are killing it,” said Michelle Krebs, executive analyst at Cox Automotive. “They’re just tearing it up.” Read More Steve Mollman Source link

Hertz’s electric vehicle and CEO about-face is the latest twist after a COVID bankruptcy filing and a deep relationship with Carl Icahn

March 16, 2024 · Business

It seemed like a good idea at the time. Now we know better. Hertz, reeling from a bankruptcy and the pandemic, announced plans to buy 100,000 Teslas in…

Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Elon Musk’s Tesla

February 17, 2024 · Business

One major problem for automakers as they transition to electric vehicles is that traditional cars still generally cost less. That matters to everyday car shoppers trying to make…

Toyota is crushing it with hybrid vehicles as Tesla’s rough start to year hits net worth of Elon Musk, who dismissed them as a ‘phase’

February 4, 2024 · Business

Elon Musk’s Tesla is off to a difficult start in 2024, and it’s probably no surprise to Akio Toyoda. The Toyota chairman has long been skeptical of electric…

A top Chinese carmaker is launching satellites into low-Earth orbit for real-time communication anywhere—giving Elon Musk’s SpaceX some company

February 3, 2024 · Business

A Chinese rocket launched a group of communications satellites produced by one of the country’s largest carmakers, boosting the nation’s efforts to catch up in low-Earth orbit —…

GM admits to ‘numerous’ failings in Cruise robotaxi debacle that saw CEO embarrassed and pedestrian dragged 20 feet

January 25, 2024 · Business

General Motors Co. blamed poor leadership for mishandling its Cruise robotaxi crisis, an admission the company is hoping will help get its cars back on the roads. A report by the law…

Cathie Wood warns GM and Ford electric vehicles slowdown is a mistake—one that will help Tesla and Elon Musk

December 31, 2023 · Business

Ark Invest CEO Cathie Wood has long been bullish on Elon Musk and Tesla. She’s also been expecting Detroit automakers to follow the path Musk has forged with…

Nissan to sell electric vehicles made in China globally in another sign of automakers responding to Chinese automotive prowess

December 17, 2023 · Business

Electric vehicles made in China are spreading around the globe. But don’t assume they’re all produced by Chinese carmakers. On Sunday, Japan’s Nissan announced it will sell China-developed…

Elon Musk dismissed hybrid vehicles as a ‘phase’ while Toyota doubled down on them. Now they’re a ‘smoking-hot market’ as EV demand chills

November 26, 2023 · Business

Tesla CEO Elon Musk doesn’t think highly of hybrid vehicles. Last year he dismissed them as a “phase” and said it’s “time to move on.” But Toyota doubled…