SHANGHAI – Hundreds of Tesla owners gathered at the automaker’s showrooms and distribution centers in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric vehicles they bought earlier. On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered at
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Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015. Patrick T. Fallon | Reuters Attorneys for Tesla and Elon Musk are asking a federal judge in San Francisco to move, or delay, a forthcoming trial from Northern California to Western Texas, saying they won’t be able to find unbiased jurors
WASHINGTON — General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM’s electric Cadillac Lyriq to allow it to qualify for federal tax credits. The Treasury and Internal Revenue Service did not classify the Lyriq as an SUV, meaning its retail price cannot be above $55,000 to qualify for up to
A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT — Pickup trucks again led America’s top-selling vehicles last year, but Tesla broke into the top 10 for the first
Faulkner Subaru Harrisburg’s boost committee is an extension of the company’s open-door policy where all ideas are welcome. “We use it to boost anything from profits to inclusion and diversity to brainstorming to come up with new ideas,” said Doug Jones, general manager of the Pennsylvania dealership. Committee members meet monthly — two each from
We’re growing increasingly worried about some richly valued companies in our portfolio, including the likes of Nvidia (NVDA) and Microsoft (MSFT). Expensive stocks remain out of favor on Wall Street — just as they had been for much of last year — and there could be more room for them to fall as recession fears
WASHINGTON — While an end-of-year attempt to pass legislation on LIFO tax relief ultimately stalled in the House, dealers affected by record-low levels of new-vehicle supply are still hopeful a bill will pass this year. The Senate last month unanimously passed a bill — known as the Supply Chain Disruptions Relief Act — that would
New Jeeps on display at a New York City car dealership on Oct. 5, 2021. Spencer Platt | Getty Images DETROIT — Automakers are hopeful last year’s new vehicle sales — the worst in more than a decade — will mark a bottom for the market, at least in the near term. Industry estimates range
Jan 3, 2023 Formula One’s governing body is ready to start a process for new teams to enter the championship, president Mohammed Ben Sulayem said on Monday. The move could open the door to American Michael Andretti’s Andretti Global F1 project, which has so far met little encouragement from most existing teams and F1 management.
LAS VEGAS — Ram gave the industry a glimpse of what to expect in 2024 with the unveiling of the 1500 Revolution BEV Concept on Thursday during CES. Ram is looking to raise the bar in the electric pickup market with features such as an automated charger and the ability to follow a walking driver
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT Michael Andretti, team owner of Walkinshaw Andretti United, looks on during qualifying for Supercars Adelaide 500 on March 2, 2018 in Adelaide, Australia. Daniel Kalisz | Getty Images Sport | Getty Images Andretti have teamed up with General Motors in a bid to enter Formula
10:55 AM ET Andretti Global and General Motors have teamed up in a bid to join the Formula One grid under the Cadillac brand, the team announced on Thursday. The move could bring two American powerhouses to the grid in the future, although it still needs approval from both F1 and racing’s governing body, the
LAS VEGAS — Mercedes-Benz is taking a page out of the Tesla playbook on electric vehicle charging. The luxury automaker revealed plans Thursday at CES to develop a global network of 10,000 high-speed chargers powered by green energy. The rollout will begin this year in the U.S. and Canada and expand to Europe, China and
Zoom In IconArrows pointing outwards Planned electric vehicle battery plant capacity in North America by 2030. Data updated through November. U.S. Department of Energy, Argonne National Lab Georgia, Kentucky and Michigan are going to dominate electric vehicle battery manufacturing in the United States by 2030. Each of those three states will be able to manufacture
LAS VEGAS — BMW’s new vision of a digital world on wheels, the BMW i Vision Dee midsize sedan concept presented at CES 2023, reveals a smörgåsbord of technologies the German automaker is cooking up to blend virtual and physical experiences. “With the BMW i Vision Dee, we are showcasing what is possible when hardware
Financing a new or used car is more expensive than ever, new research shows. Amid rising interest rates and elevated auto prices, the share of new car buyers with a monthly payment of more than $1,000 jumped to a record high, according to Edmunds. For the first time, just over 15% of consumers who financed a
8:05 AM ET Alyssa RoenigkESPN Close Alyssa Roenigk is a senior writer for ESPN whose assignments have taken her to six continents and caused her to commit countless acts of recklessness. (Follow @alyroe on Twitter). There’s a famous image of rally driver Ken Block that is breathtaking for both its beauty and its sense of
OAKLAND, California — Qualcomm has unveiled an automotive processor chip called Snapdragon Ride Flex SoC that handles both assisted driving and cockpit functions, including entertainment, the chipmaker said in a statement. Previously those functions were handled on different chips and merging them can help bring down costs, said Nakul Duggal, Qualcomm’s head of automotive. “Obviously