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Subaru CEO Sees Little U.S. Demand for EVs

Subaru CEO Sees Little U.S. Demand for EVs

With the launch of a plug-in hybrid version of its Crosstrek SUV for 2019, Subaru finally seemed ready to get serious about electrifying its line-up, but even while preparing to ramp up production of battery-based vehicles, it’s far from certain how well they will...
Big Payday May Be Coming for Elon Musk

Big Payday May Be Coming for Elon Musk

Tesla shares continue to set new records each day, the stock closing at $524.86 on Monday and surging to yet another record, nearly $540 in midday Tuesday trading. That’s certainly great news for Tesla investors, including CEO Elon Musk, who holds about 34 million...
Audi Bringing Two New Performance Editions to U.S.

Audi Bringing Two New Performance Editions to U.S.

Audi is preparing to launch new performance-oriented variants of a couple of its popular SUVs in the U.S. for the new model year. The 2020 Audi SQ7 serves as the first performance variant of the brand’s newly updated three-row SUV to be sold in the U.S. The Audi SQ8...
Mercedes-Benz Poised to Take Luxury Sales Title Again

Mercedes-Benz Poised to Take Luxury Sales Title Again

The battle for the annual luxury sales crown appears to have been won by Daimler AG’s Mercedes-Benz, which sold 2.34 million passenger cars in 2019, a 1.3% increased, edging out perennial competitor BMW. Daimler laid claim to the title gain with its ninth consecutive...
VW Raises EV Sales Forecast to 1M Annually by 2023

VW Raises EV Sales Forecast to 1M Annually by 2023

The Volkswagen brand expects to be selling at least 1 million battery-electric vehicles, or BEVs, annually by 2023, the automaker says, moving that target up by a full two years. The announcement by the German automaker also anticipated reaching sales of 1.5 million...
Audi Cutting 9,500 Jobs, Guarantees Future EV Production

Audi Cutting 9,500 Jobs, Guarantees Future EV Production

Audi’s new 10-year labor agreement with two plants in Germany allows the automaker to cut 9,500 jobs during the next five years, with a promise of extending job guarantees and adding 2,000 jobs back as the company expands its production of electric vehicles. The...
Audi Charges Ahead with New e-tron Sportback

Audi Charges Ahead with New e-tron Sportback

Audi, the largest of the Volkswagen Group luxury brands, is making an aggressive push to electrify its line-up, pulling the covers off its second all-electric model, the e-tron Sportback, at a preview marking the start of this year’s Los Angeles Auto Show. Set to go...