Tesla cooperating with French authorities investigating car fireUPDATED: 8/16/16 4:17 pm ET - adds stock close Tesla Motors is cooperating with French local authorities investigating a fire involving one of its Model S cars during a test drive in Biarritz, it said on Tuesday.
VW eyes SMA Solar storage systems in cooperation talksVolkswagen is in early talks with German solar power equipment maker SMA Solar about working together, the companies said, as the automaker pushes ambitious electric car plans to overcome its diesel emissions scandal.
China proposing California-like mandates for EVsChina will consider mandates that carmakers produce more electric vehicles or purchase carbon credits from their peers, potentially emulating California's system and transitioning from a subsidy-driven approach to catalyzing cleaner cars.
Michigan owns Tesla stock despite sales ban, report saysThe State of Michigan may have a ban on direct sales of Tesla vehicles, but the Michigan Department of Treasury has 339,623 shares worth $72 million invested for state retirement funds in Tesla Motors stock, according to a published report.
Tesla opens flagship store in San Francisco's 'Auto Row' ahead of Model 3Tesla marked the opening of its largest North American sales, service and delivery center in San Francisco, a key market from which the EV maker will introduce its Model 3 sedan late next year.
Average U.S. fuel economy rises slightly in July, study findsThe average fuel economy of new cars and light trucks sold in July in the U.S. edged up 0.1 mpg from the previous month to 25.4 mpg, a University of Michigan Transportation Research Institute report said.
Reborn Karma will have factory stores
Karma Automotive plans to start selling its new Revero four-door coupe through a handful of high-end franchise dealers sprinkled around the country, plus a small network of factory-owned “brand experience centers.”
GM wants more diesels, CVTsGeneral Motors plans to step up use of diesel engines and lightweight continuously variable transmissions to help it meet tightening fuel-economy standards.
Tesla plans third-quarter cash outlays of $1.1 billionTesla, in a new sign of pressure on the electric vehicle maker, on Friday disclosed $1.1 billion in third quarter cash requirements for payments and planned expenditures, about a third of the cash it had on hand mid-year.
In Tesla's Q2 report, traditional financial measures gain new prominenceWhen Tesla reported second-quarter earnings on Wednesday, there was a notable twist to the financial report. It wasn't just that the company failed to hit analysts' estimates again but that it emphasized conventional financial measures. In every report since 2012, it has discussed its so-called adjusted figures before those that complied with Generally Accepted Accounting Principles, known as GAAP.
Tesla's losses deepen as expansion costs growUPDATED: 8/3/16 9:13 pm ET Tesla posted a loss for the 13th straight quarter and cautioned investors that it faces sharply rising expenses as it gears up to boost production capacity to add a new model.
Tesla executive calls competitor cars 'appliances'Automakers might think they're making exciting electric cars, but they're really doing nothing more than building boring appliances. At least that's what Diarmuid O'Connell, Tesla vice president of business development, says.
Honda exec says California regulators gave short shrift to plug-insA senior Honda executive believes the California Air Resources Board -- which has mandated electric vehicles and fuel cells -- has given short shrift to plug-in hybrids.
Tesla to buy SolarCity for $2.6 billion in plan to create clean-energy powerhouseUPDATED: 8/1/16 10:18 am ET -- adds details Tesla will buy solar panel installer SolarCity Corp. for $2.6 billion in shares to form a one-stop clean-energy shop. The combined entity will offer consumers solar panels, home battery storage systems and electric cars under a single brand.
EVs squeeze conventional enginesYogi Berra is often credited with the expression: "The future ain't what it used to be." That phrase reminded Richard Truett of the changing future of the automobile.
Panasonic to raise about $3.9 billion from bonds to help fund Tesla gigafactoryPanasonic Corp., the exclusive supplier of Tesla Motors' Model 3 lithium ion batteries, said today it would raise up to 400 billion yen ($3.86 billion) in corporate bonds primarily to invest in Tesla's gigafactory, Reuters reported.
Elon Musk says it's 'pencils down' for Tesla's Model 3Tesla CEO Elon Musk said the final designs for Tesla's $35,000 electric Model 3 were locked up two weeks ago, and the company is moving forward on schedule to start producing them next summer. That was just the beginning of his remarks on Tuesday.
Tesla Model 3 could generate $20 billion in annual revenue, Musk saysTesla CEO Elon Musk said the company's Model 3 could generate $20 billion in revenue per year and an annual gross profit of about $5 billion.
Hyundai to roll out next-gen fuel cell in '18Hyundai will use the 2018 Winter Olympics in South Korea to showcase a new next-generation fuel cell vehicle.
Tesla, SolarCity close to merger agreement, report saysTesla Motors and SolarCity have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter told Reuters.
Mazda diesel still in the plans, CEO says
While diesel-powered Mazdas haven't made a U.S. debut yet, the automaker still plans on offering them stateside.