Nissan vows to hop back on EV podium with Ariya

Veteran engineer Mario Palazzetti, 84, who created the anti-lock braking system, has turned his attention to fighting the spread of COVID-19.

With a decision expected within a few weeks, the contest between the Oklahoma town of Tulsa and its Texan rival, Austin, is heating up as Tesla and its CEO, Elon Musk, stoke a bidding war over tax breaks and other concessions that would reduce the factory's cost.

Italy is preparing a 20 billion euro ($22.73 billion) stimulus package. The extra spending will involve additional borrowing and drive Italy's budget deficit to about 11.6 percent of national output from the 10.4 percent indicated in April.

Fisker will get $1 billion in gross proceeds to help the automaker launch its first product, the Ocean electric SUV, in 2022.

Turkey, which normally has an annual production capacity of nearly 2 million vehicles, only built a quarter of this number as the coronavirus took hold in the country.

The alliance combines the sector’s most-popular plug-in model -- the Tesla Model 3 -- with low-cost batteries in a market that last year bought more than three electric vehicles for every one sold in the U.S.

After a surge in Tesla stock last week that netted him $6.1 billion, the CEO is now the world’s seventh-richest person.

Chinese companies developing autonomous-driving technology have accelerated the pace and scope of their deployments during the coronavirus crisis. They believe they are narrowing the gap with U.S. competitors.

Three top-level executives will take part in a panel discussion with Automotive News Europe on whether fully autonomous or advanced driver assistance systems will rule European roads in the future.