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Porsche Expands Stake in Battery-Supercar Maker Rimac

Porsche Expands Stake in Battery-Supercar Maker Rimac

Just days after publicly unveiling the Taycan, its first-ever battery sports car, Porsche said Friday it will increase its stake in Rimac Automobili to 15.5%. Rimac is a Croatian-based company best known for battery-electric supercars like the C_Two. But it has been...
First Drive: 2020 Volvo XC60 Polestar Engineered

First Drive: 2020 Volvo XC60 Polestar Engineered

If you’re a Volvo fan, you’ve undoubtedly been hearing the name, “Polestar,” a lot over the last few years. That said, you’d be excused if you don’t really know what it is. That’s likely because the Swedish automaker is using it in a variety of different ways. There’s...
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...