VW caps executive pay, tightens bonus eligibility

VW said it is shaking up its executive pay with a cap on earnings as it looks to quell widespread anger over bonuses paid even as the carmaker suffered record losses in the aftermath of its emissions scandal.

Acura lands jersey sponsorship deal with Columbus Crew soccer club
UPDATED: 2/24/17 12:17 pm ET - adds video

Acura will be the official jersey sponsor and automotive partner for Major League Soccer's Columbus Crew. The deal calls for the Acura logo to appear

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Smart brand to focus on EVs in U.S., Canada

Daimler AG will stop selling gasoline-powered Smart cars in the U.S. and Canada later this year and will convert the microcar brand to an electric vehicle-only endeavor.

Faraday scales back EV factory, product plans

Electric luxury car startup Faraday Future, one of several Chinese-funded companies taking aim at Tesla, is throttling back its plans to build vehicles in the United States. Faraday also has pared its planned product portfolio down from seven to two models, Reuters reported, citing two sources with direct knowledge of the company's plans.

Tesla drops 'Motors' from its name

Tesla Motors Inc. has changed its name to Tesla Inc. The change, which was reported in a filing to the Securities Exchange Commission on Wednesday, follows the company’s acquisition of solar panel company SolarCity, which was approved by shareholders in November.

Bentley thinks best bet for its buyers is plug-in hybrid EV

It's a scenario scary enough to give any chauffeur the sweats: You're en route to pick up your boss who's headed to a crucial meeting -- or date -- and the all-electric ultraluxury sedan you're driving doesn't have enough juice to get there. Forget range anxiety. That's job anxiety.

Asia's luxury brands charge into EVs

Lexus, Genesis, Acura and Infiniti are considering EV offerings - in some cases to meet emissions rules, in others because zippy, futuristic EV cachet enhances the luxury buzz.

How Ford's hybrid push might play out

It's rare when an automaker reveals product plans three years in advance. But that's what Ford Motor Co. did last week when CEO Mark Fields explained how the company will spend some of the $4.5 billion it has committed to developing 13 electrified vehicles by 2020.

Is the industry zooming toward a battery shortage?

Automakers are under increasing pressure to electrify their powertrains to meet toughening global emissions regulations. The big question is whether there will be enough battery cells available in the next decade to meet the projected fast-rising demand.

Faraday will take your money now

Faraday Future ended a spotty car reveal last week asking for $5,000 deposits on a vehicle with no announced price or release date.

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