Tesla in China: The missing price tag
3:01 pm U.S. ET | July 10, 2018
Tesla and the Shanghai government have left out a crucial detail in announcing a groundbreaking deal for the biggest name in electric cars to build vehicles in China: how much it's all going to cost.
Ferrari supplier Oerlikon calls off IPO of drives unit
July 9, 2018 10:53 CET
Industrial group OC Oerlikon has halted the share offering for its drives unit, which makes transmissions for supercar makers including Lamborghini and Ferrari. Oerlikon blamed adverse stock market conditions for its decision.
Renault launches mandatory offer for remaining AvtoVAZ shares
July 3, 2018 09:18 CET
Renault has launched a mandatory offer to buy out the remaining shareholders in Russian automaker AvtoVAZ, the French automaker said.
Tesla claims it reached long-sought production goal for Model 3
10:40 am U.S. ET | July 2, 2018
Tesla engineered a late-quarter production burst with the Model 3, the model that's pivotal to Elon Musk's goal of putting electric cars into the driveways of mainstream consumers.
Musk says Tesla hits Model 3 milestone of 5,000 units in week
2:31 pm U.S. ET | July 1, 2018
Elon Musk said Tesla reached a milestone critical to bring electric cars to the masses -- and earn some profit in the process -- by finally exceeding a long-sought production target with the Model 3.
Porsche buys stake in Croatian electric supercar startup
June 20, 2018 10:00 CET
Porsche has bought a 10 percent stake in Rimac Automobili, a Croatian startup that specializes in superfast electric supercars.
ON THE TABLE
GM exploring strategic options, possible spin-off of Cruise unit
3:07 pm U.S. ET | June 15, 2018
GM has begun researching strategic options for Cruise Automation that include a public sale of shares, listing a separate tracking stock, or spinning off the unit, Bloomberg reported, citing people familiar with the matter. GM won't make a decision until Cruise is further along in development and may not take any action for a couple of years, if at all.
Honeywell to rebrand turbo unit upon completion of spinoff
12:32 pm U.S. ET | June 14, 2018
Honeywell is rebranding its turbocharger unit as Garrett -- Advancing Motion once the previously announced spinoff is completed.
Musk bets Tesla rally has legs with $24.9 million share purchase
4:34 pm U.S. ET | June 13, 2018
Think the run-up in Tesla shares is about done? Elon Musk doesn't seem to think so.
GM 'will eventually' feel impact of trade uncertainty, Barra says
9:57 am U.S. ET | June 12, 2018
General Motors CEO Mary Barra said if trade uncertainty continues, it "will eventually" have an impact on the company's operations. The automaker has already seen higher steel and aluminum prices.
GM finally finds friends on Wall Street
12:01 am U.S. ET | June 10, 2018
A series of major tech deals covering electrified and autonomous vehicles in the last year have GM finally gaining traction on Wall Street, in terms of price and perception.
Daimler Trucks CEO says possible listing is up to shareholders
6:12 pm U.S. ET | June 6, 2018
Daimler AG could split its truck unit and passenger-car business into separate companies, but it's not a necessity and won't happen unless stockholders want it to.
Tesla shareholders reject proposal to separate Musk's roles
6:07 pm U.S. ET | June 5, 2018
Tesla shareholders re-elected three directors and voted against a proposal to split the chairman and CEO posts held by Elon Musk. The EV maker's goal of building 5,000 Model 3s per week by the end of June was "quite likely," Musk also told shareholders Tuesday.
Tesla passed over by most do-good investors
1:39 pm U.S. ET | June 4, 2018
Just 86 of about 1,200 do-gooder investment funds tracked by Bloomberg own Tesla shares. And of those, only seven count Elon Musk's company as a top-10 holding.
Santander falls as FCA reportedly adding own finance arm
3:57 pm U.S. ET | May 30, 2018
Santander Consumer USA shares fell after Bloomberg reported that its auto-finance partner Fiat Chrysler Automobiles was preparing an announcement on forming its own captive lending unit.
China EV startup NIO files for IPO in U.S., report says
9:40 am U.S. ET | May 28, 2018
NIO, the Chinese EV startup backed by Tencent, has filed confidentially for a planned U.S. initial public offering, Bloomberg reported, citing people familiar with the matter.
Elon Musk, in latest Tweet storm, channels Caesar, Soviet era media
7:34 am U.S. ET | May 24, 2018
Elon Musk, barely a month after his behavior on an earnings call shook investor confidence, hit out on Twitter with a series of combative posts this week, leaving many scratching their heads at best and prompting scrutiny from labor regulators at worst.
Musk's boardroom buddy raises investor hackles at Tesla
2:14 pm U.S. ET | May 18, 2018
He's appeared at a Tesla product unveiling and a SpaceX launch while his boardroom chairs have sat empty. Now, Steve Jurvetson is surfacing as the central figure in a debate over Tesla's governance.
Tesla may require $10 billion in funding by 2020, Goldman says
9:12 am U.S. ET | May 17, 2018
Elon Musk may need to tap capital markets for more than $10 billion by 2020 to fund Tesla's operations, new products and an expected expansion into China, according to Goldman Sachs Group.
Musk says he's 'flattening' Tesla's structure as defections mount
10:10 am U.S. ET | May 14, 2018
Elon Musk has said the “short burn of the century” is coming soon to investors betting against Tesla, but he's rapidly losing top deputies to help him deliver on that prediction. He said Monday he is "flattening" the company's management structure.
Magna posts record Q1 net income, sales; CEO warns on NAFTA
10:58 am U.S. ET | May 10, 2018
Global auto parts giant Magna International posted record net income of $660 million in the first quarter of 2018, up 14 percent from a year ago.
Geely hires advisers for possible Volvo stock offering, report says
2:45 pm U.S. ET | May 10, 2018
Volvo Cars owner Zhejiang Geely has selected Citigroup, Goldman Sachs and Morgan Stanley to advise on an initial public stock offering for the Swedish carmaker this year, Bloomberg reported.
Used-car retailer Carvana Q1 net loss expands
1:53 pm U.S. ET | May 10, 2018
Online used-car retailer Carvana's first-quarter net loss widened to nearly $53 million, while revenue and vehicle sales both more than doubled to records.
Delphi Technologies reports 4.9% drop in Q1 net income
12:13 pm U.S. ET | May 9, 2018
Powertrain supplier Delphi Technologies reported a dip in its first-quarter net income despite an increase in revenue that was driven by big gains in Asia.
Adient reports $168 million net loss for Q2
2:50 pm U.S. ET | May 3, 2018
Adient reported a net loss of $168 million for its latest quarter, compared with a net profit of $190 million last year, dragged down by a restructuring charge for the company's seating business.