News
GM hit with $6 billion in charges as EV incentives cut and emissions standards fade
11+ hour, 23+ min ago (301+ words) General Motors will be hit with charges of about $6 billion as sales of electric vehicles sputter after the U.S. cut tax incentives to buy them and also eased auto emissions standards. Shares slid almost 3% Friday. The charges that will be recorded…...
Automakers face an ‘EV winter’ in 2026 as sales growth slows
3+ day, 9+ hour ago (553+ words) By Kyle Stock and Lili Pike, Bloomberg News Growth in global sales of electric vehicles is expected to slow this year as China winds down some subsidies, Europe wavers on its phase-out of combustion engines, and U.S. producers and policymakers make…...
Wall Street rises on Big Tech gains and approaches records
3+ day, 19+ hour ago (588+ words) By DAMIAN J. TROISE, AP Business Writer The S&P 500 added 0.2% and is sitting just below the record it set in late December. The Dow Jones Industrial Average rose 195 points, or 0.4%, after setting a record on Monday. The Nasdaq composite rose…...
Tesla CEO Elon Musk recovers $55 billion pay package in Delaware court ruling
3+ week, 10+ hour ago (429+ words) Elon Musk, already the world's richest man, scored another huge windfall Friday when the Delaware Supreme Court reversed a decision that deprived him of a $55 billion pay package that Tesla doled out in 2018 as an incentive for its CEO to…...
Ford scraps F150 Lightning as mounting losses and falling consumer interest hits EV plans
3+ week, 4+ day ago (536+ words) The Detroit-based automaker, which has poured billions of dollars into electrification along with most of its industry peers, said it will no longer make the F-150 Lightning electric pickup truck, instead opting for an extended range version of the vehicle. Ford…...
December is a great time to buy a new car and this is why
3+ week, 6+ day ago (323+ words) By JOSH JACQUOT, Edmunds It can get even sweeter for you if you can wait until the final week of the month. Edmunds data shows that the last few days of December " when dealerships are truly up against the wall…...
San Francisco woman gives birth in a Waymo self-driving taxi
4+ week, 2+ day ago (303+ words) But this week, the self-driving taxis are the bearer of happier news after a San Francisco woman gave birth in a Waymo. The mother was on her way to the University of California, San Francisco medical center Monday when she…...
Trump plans to weaken vehicle mileage rules that limit air pollution
1+ mon, 6+ day ago (442+ words) By MATTHEW DALY and ALEXA ST. JOHN Trump is set to announce the plan at a White House event that is expected to include top executives from the three largest U.S. automakers, who have praised the planned changes. Since taking office…...
Musk could become history’s first trillionaire as Tesla shareholders approve giant pay package
2+ mon, 3+ day ago (250+ words) Elon Musk won a shareholder vote on Thursday that would give the Tesla CEO stock worth $1 trillion if he hits certain performance targets over the next decade. The vote followed weeks of debate over his management record at the electric…...
Big Tesla investor will vote against Musk’s massive pay package
2+ mon, 5+ day ago (223+ words) Norway's sovereign wealth fund, one of Tesla's biggest investors, said Tuesday that it will vote against a proposed compensation package that could pay CEO Elon Musk as much as $1 trillion over a decade. There will be more than a dozen…...