Automotive

Tesla's market value tops $1T after Hertz orders 100K cars

Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history and the latest evidence of the nation's increasing commitment to EV technology.

Automotive

Difficult 2020 ends on an improving note for US carmakers

General Motors and Toyota reported strong US sales at the end of 2020 on Tuesday, reflecting surprisingly robust consumer demand that mitigated the sales drop for the full year in the wake of COVID-19.

Automotive

Tesla to export cars made in China to Europe

Tesla will this month begin exporting cars to Europe that are made at its new factory in Shanghai, the fast-growing US electric carmaker has announced.

Automotive

China auto sales off 22.4% in first half of 2020

China's auto sales rose 1.8% in June over a year earlier but fell by double digits for the first half of 2020 after the country shut down to fight the coronavirus, an industry group reported Friday.

Energy & Green Tech

Threat or promise? E-auto boom could cost industry jobs

Over 115 years the auto industry in the east German town of Zwickau has lived through wrenching upheavals including World War II and the collapse of communism. Now the city's 90,000 people are plunging headlong into another ...

Automotive

Ford reports higher US auto sales amid strong demand

Ford reported increased US quarterly sales Wednesday, reflecting strong demand despite higher interest rates in an auto market that has yet to see significant effects from a labor strike.

Automotive

US auto sales remain slow in third quarter

Automakers saw lackluster US sales in the third quarter, as manufacturers continued to grapple with supply constraints, according to reports from the companies Monday.

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