Tesla Looking to Raise $2B Through New Stock Sale

Tesla Looking to Raise $2B Through New Stock Sale

Tesla officials have maintained for some time that they have no plans to raise any new funds, including through a new stock sale. So naturally, the company is now issuing $2 billion in new shares. The EV maker’s stock price has increased dramatically – by triple – in...
American Honda Recalls 241K Odyssey Minivans

American Honda Recalls 241K Odyssey Minivans

American Honda is recalling more than 240,000 of its late-model Odyssey minivans due to a wiring harness problem that could lead to a fire in the vehicle. The automaker is recalling about 241,000 model-year 2018-2020 Honda Odyssey EX-L, Touring and Elite minivans in...
Lyft Surpasses Autonomous Rides Milestone

Lyft Surpasses Autonomous Rides Milestone

It’s become conventional wisdom that driverless vehicles will eventually dominate the nation’s roads. Precisely how soon that will happen is anyone’s guess and, if anything, proponents appear to be backing away from earlier promises that claimed the first autonomous...
People Really Dislike Shopping for Auto Insurance

People Really Dislike Shopping for Auto Insurance

Experts recommend shopping for auto insurance annually to ensure vehicle owners are getting the best price possible. However, a new survey reveals that shopping for insurance is right up there with trips to the dentist in terms popularity. Or perhaps worse since one...
Volvo, Geely Mulling Merger, Dual Stock Listing

Volvo, Geely Mulling Merger, Dual Stock Listing

After mulling an IPO in 2018, Volvo Cars appears to be headed in the exact opposite direction. Instead of being an independent entity, Zhejiang Geely Holding Group is considering merging the Swedish-branded automaker with Geely Automobiles. China’s Geely Automobile...
EVs at “The Tipping Point”

EVs at “The Tipping Point”

After several years of rapid growth, EV sales flattened out last year, raising concerns about the tens of billions of dollars automakers like Ford, General Motors and Volkswagen are spending on their electrification efforts. A few years ago, Xavier Mosquet might have...