Tesla CEO Elon Musk said that the company would be delaying the launch of its long-awaited robotaxi service on Oct. 10, around two months after the planned date.
Breaking News
General Motors has hired former key Xbox engineer and executive Marc Whitten as the new CEO of Cruise, its robotaxi service, in an aim to recover itself after being suspended of its California license.
German automaker Volkswagen announced that it would invest $5 billion in US-based electric vehicle maker Rivian as part of a joint venture to share EV architecture and software.
Car dealership software service CDK Global has been hacked this week, causing massive outages to thousands of dealerships across the United States.
Toyota shareholders re-elected chairman Akio Toyoda to his post on the board but left him beleaguered due to the company’s governance issues and scandals involving some of its car models.
GM is lowering its estimated sales and manufacture of EVs this year as adoption in the US slows.
Toyota's stock price fell by over $15 billion last week after it admitted lying on safety certification tests.
Kia America issued a recall of 463,000 of its Telluride vehicles due to an overheat issue involving a stuck slide knob causing overheat in the front power seat motor, which could lead to a fire hazard.
Former Tesla board member and clean technology venture capitalist Steve Westly said that he is siding with current board members plotting a coup against the move to increase Elon Musk’s pay package to $56 billion.
Global climate database thinktank InfluenceMap has ranked Toyota dead last in climate lobbying and third-worst in EV production in its 2024 report.
The Biden administration wants all new cars and trucks to have automated emergency braking by 2029.
The New York Stock Exchange said it would immediately stop trading shares of EV startup Fisker and remove the business from its platform.
Nissan set three-year objectives of 1 million more car sales and a 30% drop in EV production costs by 2030.
Nissan Mulls EV Partnership With Honda to Form Powerful Japanese Alliance to Take on Overseas Rivals
Nissan Motor is reportedly considering approaching Honda Motor for a partnership on key components for electric vehicles (EVs).
Fisker's stock fell over 40% in after-hours trading on Wednesday, raising investor concerns about the EV company's future.
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