In this article TWTR TSLA Follow your favorite stocksCREATE FREE ACCOUNT Twitter’s new owner Elon Musk, who is also CEO of electric vehicle maker Tesla and U.S. defense contractor SpaceX, told employees of the social media business on Thursday that he recently sold shares of Tesla to “save Twitter.” He made the remarks during an
New passenger car registrations in France increased in October by 5.5% year-over-year to 124,982, continuing the rebound. Nonetheless, the year-to-date result of 1.24 million is 10% lower than a year ago. Plug-in electric car sales also noted a positive result, although the rate of growth was not particularly high. According to L’Avere-France, last month some 30,006
MOSCOW — Russian automaker Sollers will buy out Japan’s Mazda 50 percent stake in their joint venture car assembly plant in Vladivostok, Sollers said. In a results statement on Thursday, Mazda said the deal would be worth one euro, bringing it the right to buy the asset back for the same amount within three years.
9:10 AM ET Lando Norris will skip the media day for Sunday’s Brazilian Grand Prix after contracting food poisoning, although McLaren does not expect him to miss the race. Norris became unwell this week after arriving in Sao Paulo. The team confirmed on Thursday, the media day for any F1 race weekend, that Norris will
BEIJING — The Beijing International Automobile Exhibition will not be held this year due to the COVID-19 situation in the country, the organizer of China’s most important auto fair said in a notice on Thursday. The organizers had previously postponed the auto show, which was originally scheduled to be held in late April, due to
In this article 9866-HK Follow your favorite stocksCREATE FREE ACCOUNT Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images Chinese electric vehicle maker Nio on Thursday reported a loss of $577.9 million for the third quarter, significantly
Morgan, the British firm that builds modern sports cars that look like they stepped out of the first half of the last century, has established new “product pillars” to help customers recognize where a particular model sits. The product pillars include the Plus and Super lines, with the former currently consisting of the Plus Four
By Johnna Crider Posted on November 9, 2022 U.S. President Biden said that he thinks Elon Musk’s relationships with other nations are “worthy of being looked at,” during a White House press conference on Wednesday. You did it mr president. Maybe Elon Musk only purchased Twitter so you can say his name, say Tesla, and
BERLIN — The German government on Wednesday blocked prospective Chinese investment in two domestic semiconductor producers after the moves raised concerns over national security and the flow of sensitive technological know-how to Beijing. The government said it had vetoed the takeover of the chip factory of the Dortmund-based company Elmos by Silex, a Swedish company
Hitting an animal while driving can be quite dangerous, even more so if you’re riding a motorcycle. The nerve-wracking moment when a Yamaha motorcycle collided with a deer on a country road in the US was caught on camera. Thankfully the rider is safe, since the heavily damaged bike miraculously stayed on its wheels following
GRAZ, Austria — Fisker Inc. is poised to begin production next week as promised a year ago, although some features, including those that are common on many competing vehicles, may not be ready until 2024. Early next year, the company plans to add lane-keep assistance, blind-spot monitoring and automatic high beams to its launch edition
LOS ALAMOS, New Mexico — Hailed as a “magical” solution. Derided as a perennial fantasy. Embraced as an “earthshot.” Many have eyed hydrogen’s tantalizing potential as an abundant and pollution-free energy source for transportation and beyond. Jules Verne described a method in which “water will one day be employed as fuel,” and wrote hydrogen and
In this article TSLA TWTR Follow your favorite stocksCREATE FREE ACCOUNT Joe Biden, left, and Elon Musk Evelyn Hockstein | Reuters; Andrew Harrer | Bloomberg | Getty Images Asked on Wednesday whether Tesla, SpaceX and Twitter CEO Elon Musk posed a threat to national security, President Joe Biden said that the centi-billionaire’s “relationships with other
Volvo CEO Jim Rowan said the shutdown of Argo AI, the autonomous vehicle technology company backed by Ford and Volkswagen Group, solidified his automaker’s approach to turning cars that can drive themselves into reality. “We don’t have these massive, sprawling AI (artificial intelligence) teams,” he said. “Our teams are focused on what we think it
6:04 AM ET The head of Formula One’s governing body warned on Tuesday that online abuse, including death threats, against volunteers and officials would destroy the sport if left unchecked. International Automobile Federation (FIA) President Mohammed Ben Sulayem said a female steward recently received death threats while staff had been targeted with harassment and hate
First dates can be quite nerve-wracking and for a man from Georgia, a first date quickly turned into a nightmare when his date made off with his pickup truck. Police report that Wesley Burson met 37-year-old Jenifer Lee Gray on a dating app called Plenty of Fish and arranged an Uber to pick her up
Three dealership groups expanded their portfolios in second- and third-quarter transactions, while a Tennessee dealership group added a second store of the same import brand and shedded two Stellantis outlets. Here’s a look at the deals involving import and domestic stores and dealerships in Oklahoma, Tennessee, Virginia, Missouri and South Carolina. One transaction involved a
Volvo is setting lofty U.S. sales expectations for its EX90 crossover, the Swedish automaker’s most significant launch since the XC40 in 2017, foreshadowing the brand’s future technology, design and sustainability efforts. Volvo Car USA boss Anders Gustafsson said the seven-seater, introduced Wednesday in Sweden, will become the brand’s No. 1 volume EV in the U.S.