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News
China flexes its auto-safety chops with huge recall of Tesla, other cars
1+ hour, 43+ min ago (725+ words) SHANGHAI/BEIJING, Aug 26 (Reuters) – A huge recall in China last week aims to address a long-standing fear of EV owners: potentially being trapped in their cars when the power fails. It also highlights how Beijing is now spearheading new auto…...
Waymo to begin testing autonomous vehicles in Munich
12+ hour, 47+ min ago (193+ words) Aug 25 (Reuters) – Self-driving technology company Waymo said on Tuesday it would begin testing its autonomous vehicles in Munich in the coming weeks, laying the groundwork for a commercial ride-hailing service in Germany that it aims to launch toward the end…...
Tesla raises prices of Cybertrucks in the US
23+ hour, 26+ min ago (106+ words) Aug 25 (Reuters) - Tesla raised the prices of some of its Cybertruck pickup trucks in the United States on Tuesday, according to its website. The company increased the price of its Cybertruck dual motor and premium all-wheel drive by $5... Tesla raises…...
Trading Day: Tech, tariffs & Treasuries
1+ day, 7+ hour ago (463+ words) ORLANDO, Florida, Aug 24 (Reuters) – U.S. bond yields fell and tech weighed on U.S. stocks on Monday, as investors digested a raft of economic measures and developments coming out of Washington: U.S. Treasury’s plans to increase buybacks of long-dated bonds, new…...
Tesla stops selling solar roofs a decade after launch
1+ day, 9+ hour ago (167+ words) Aug 24 (Reuters) – Tesla has stopped selling premium solar roof tiles on its website, nearly a decade after CEO Elon Musk launched the product as a more attractive alternative to panels. • Tesla’s solar roof url now redirects to a solar panels…...
High oil prices, subsidies and affordable models rev up European EV sales
2+ day, 17+ min ago (645+ words) LETCHWORTH, England, Aug 24 (Reuters) – Electric vehicle sales accelerated across much of Europe in July, as high oil prices, subsidies and availability of more affordable models encouraged consumers to ditch their combustion-engine cars, data provided to Reuters showed. EV sales have…...
Vatican to build €100 million renewable energy plant, sources say
3+ day, 21+ hour ago (427+ words) ROME, Aug 22 (Reuters) – The Vatican will build a roughly €100 million ($117 million) renewable energy plant that could power the Holy See within two years via a system combining solar power and agriculture, sources involved in discussions on the project said. The…...
Explainer-What we know about the door handles that triggered China’s record auto recall
4+ day, 6+ hour ago (661+ words) By Nora Eckert and Mike Colias Aug 21 (Reuters) – Electronic door handles of the kind that are at the center of China’s largest-ever vehicle recall have proliferated across the globe over the past decade, especially on electric vehicles. Tesla and eight…...
German state politician calls for EU tariffs on Chinese hybrid cars, letter shows
4+ day, 10+ hour ago (162+ words) BERLIN, Aug 21 (Reuters) – Sebastian Lechner, the CDU state chairman of Lower Saxony, is calling for the European Union to quickly impose import tariffs on Chinese hybrid cars, a letter seen by Reuters on Friday showed. • “It is precisely these hybrids…...
VW’s Blume says overhead costs 30% above rivals, 50,000 jobs figure a guide
4+ day, 13+ hour ago (239+ words) BERLIN, Aug 21 (Reuters) – Volkswagen CEO Oliver Blume said the German carmaker’s overhead costs remain over 30% higher than those of comparable firms and that it must reduce that disadvantage to stay competitive, according to an internal company interview. “The frequently cited…...