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Trump Chides Automakers for Making Deal with California

Trump Chides Automakers for Making Deal with California

President Donald Trump took to Twitter to criticize four automakers for cutting a deal with California that flies in the face of the administration’s efforts to roll back Obama administration rules for fuel economy. Ford Motor Co., Honda Motor Co., BMW AG and...
Tesla Stock Tumbles on Word of Latest Loss

Tesla Stock Tumbles on Word of Latest Loss

Tesla stock plunged in after-market trading Wednesday as the automaker announced a second-quarter loss of $408 million despite achieving record production and deliveries. Tesla did manage to drive up revenues by 47% compared to year-ago levels, to $5.2 billion. It was...
Chinese EV Sales Defy Overall Market Slump

Chinese EV Sales Defy Overall Market Slump

It’s been a busy week for automotive dealmakers in China. Both Renault and Toyota have lined up new joint ventures that will allow them to significantly expand their production in battery-electric vehicles in what is now the world’s largest market for BEVs. And...