Business

In US trial, Musk defends his $50 bn pay deal at Tesla

Tesla tycoon Elon Musk on Wednesday defended his $50 billion pay package as CEO of the electric vehicle giant, arguing that the pioneering company was on the verge of collapse when the deal was agreed.

Automotive

Volvo sets IPO for Oct 28, valuing it up to $23 bn

Swedish car brand Volvo said Monday it was planning its Stockholm stock exchange debut on October 28, targeting a market value of up to 200 billion kronor ($23.1 billion, 19.9 billion euros).

Energy & Green Tech

Biden's auto dilemma: How hard to push for electric cars?

After four years of bitter fighting, California and the federal government agree they need to set ambitious climate goals, and major automakers are increasingly betting that the future of their business lies with electric ...

Automotive

Automakers report higher Q2 car sales in US

Leading automakers reported a jump in quarterly US car sales Wednesday, reflecting increased vehicle inventory levels and the support of a strong US labor market.

Business

Current, former VW bosses face 'market manipulation' charges

Weeks after its latest attempted new start with an all-electric car, Volkswagen is again in the legal weeds over its years-old "dieselgate" scandal, as charges against top executives pile on top of mass lawsuits by investors ...

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