Browsing: automakers
Tesla asked to start construction of Mexican factory ‘in March at the latest’ as Elon Musk frets about high interest rates, global economy
Nuevo Leon Governor Samuel Garcia has asked Tesla Inc. to announce the start of construction soon of its planned factory in the…
VinFast’s revenue growth is fast, but the electric-vehicle maker’s costs grow faster. Vietnam’s Tesla challenger is building a $2 billion…
Elon Musk says Rivian needs to ‘cut costs massively’ and its execs should ‘live in the factory’ or the Tesla rival will die
Elon Musk is not surprised by the bad news hitting Tesla rival Rivian. He’s been warning about it for some…
Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Elon Musk’s Tesla
One major problem for automakers as they transition to electric vehicles is that traditional cars still generally cost less. That…
Germany set for 14% drop in electric-vehicle sales as carmakers scale back ambitions and demand ‘does not look good’
Standing at the front of the room at an auto industry association’s new year reception in Berlin this week, BMW CEO Oliver Zipse had…
Warren Buffett said Ferrari was ‘in a special place’ 8 months ago. Now it’s nearing a $100B market value
Warren Buffett isn’t big on automakers. As the Berkshire Hathaway CEO said at the conglomerate’s shareholder meeting last May: “The…
As Tesla-beating BYD and other Chinese EV makers rise, German auto suppliers struggle: ‘Who is the winner and who is the loser is changing’
China’s BYD, which recently passed Tesla in global sales of electric vehicles, is exporting its cars around the world, from…
With Germany in recession and Detroit reeling over ultra-cheap Chinese EVs, Beijing vows to crack down on ‘blind’ construction of new projects
China is making automakers around the world nervous. Its domestic carmakers—helped by generous state subsidies—are churning out alarmingly inexpensive electric…
With carmakers in a ‘state of shock’ over Tesla-beating BYD’s prices, EU investigators will visit China’s EV giants as part of an anti-subsidy probe
China might have problems with its economy, but as an exporter of affordable electric vehicles, it’s on a tear. Now,…
Tesla won over fans of electric vehicles. Now Elon Musk and company have a bigger challenge: convincing everyday car buyers
Tesla Inc. is expected to say on Tuesday it had another record delivery year in 2023, in large part due to…