News

Why Volvo CEO says now is the time for the brand 'to perform and grow'

18 May 2018, 08:00
Volvo CEO Hakan Samuelsson expects the Swedish brand to capitalize on what he calls the strongest product lineup in the company's history.

Tesla may require $10 billion in funding by 2020, Goldman says

17 May 2018, 08:00
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.

VW brand pulls out of Paris auto show

17 May 2018, 08:00
The VW brand will skip the Paris auto show this year, the company said. A spokesman for VW's French operations said that VW sister brands -- Audi, Porsche, Skoda and Seat -- are still due to attend.

Swiss prosecutors investigate fatal Tesla crash

17 May 2018, 08:00
Swiss prosecutors have begun looking into the circumstances of a fatal crash of a Tesla last week that firefighters think may have set off a fire in the vehicle's battery.

Mobileye gets self-driving tech deal for 8 million cars

17 May 2018, 08:00
Mobileye has signed a contract to supply self-driving technologies to 8 million cars at a European automaker starting in 2021, a company official told Reuters.

Tesla crash gets U.S. scrutiny as police confirm autopilot use

17 May 2018, 08:00
Tesla confirmed to police that another of its vehicles crashed with a driver using Autopilot, and the incident triggered more scrutiny by federal regulators.

EV batteries present new challenges for firefighters

16 May 2018, 08:00
Fires on electric vehicles are rare, but the volatile chemistry of their batteries and the need for special training on how to extinguish them raises new safety questions as automakers are poised to dramatically increase production.

Tesla board opposition builds as proxy firm slams governance

16 May 2018, 08:00
Tesla's board is coming under more criticism, with a proxy adviser siding with investors that oppose the re-election of three directors and want the company to appoint an independent chairman.

East Coast states to coordinate deployment of EV charging hubs

16 May 2018, 08:00
A dozen states on the Eastern Seaboard have signed on to a strategy for building out electric vehicle charging infrastructure to make fuel access easier and encourage people to buy electric cars.

Volvo to dump diesel from next S60 sedan

16 May 2018, 08:00
Volvo will not offer a diesel in its new S60 sedan, which will debut later this spring and will be built at the automaker's new U.S. plant.
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