Potential new rules in Minnesota could increase electric vehicle ownership

Minnesota images

Talking about Minnesota, the current status of electric vehicles in this state provides a range of views. Three years ago, Pavel Ihnatovich decided he had to change after selling used cars for nearly a decade. Driven by his own “green philosophy,” Ihnatovich renovated his Hopkins-based business, GS Motors. It’s now the only used-car dealership in […]

Uber, Postmates takes legal action against California’s new labor law

Postmates

Uber Inc and on-demand meal delivery service Postmates Inc took legal action on Monday to block a broad new California law aimed at providing wage and benefit protections to people who are independent contractors. The lawsuit submitted in U.S. court in Los Angeles argues that the regulation set to take effect Wednesday breaches federal and […]

Reservations are full for electric Mustang Mach-E, says Ford

Ford Mustang Mach-E

Ford Motor stated on Monday that the reservations for the first edition of its electric sport utility vehicle, Mustang Mach-E, are full. The American automaker revealed the electric Mustang crossover on November 17 and started taking reservations with a refundable deposit of $500. Ford did not provide information regarding how many reservations it took. The […]

Tesla To Deliver First China-Built Car in Milestone for Musk

Tesla Inc logo

Tesla Inc is set to deliver China-built cars on Monday, a significant milestone for Elon Musk’s company as it broadens in the world’s largest electric-vehicle market. The first 15 units of Model 3 sedans created at Tesla’s new multi-billion-dollar Shanghai plant are set to be delivered to company workers on December 30, capping several months […]

Tesla to take new $1.4 billion loan from Chinese banks for Shanghai factory

Tesla Inc logo

Tesla Inc and a group of China banks have accepted a new 10 billion yuan ($1.4 billion), five-year loan facility for the automaker’s Shanghai auto plant, three sources knowledgeable with the matter stated, part of which will be used to roll over a present loan. China Construction Bank (CCB), Agricultural Bank of China (AgBank), Industrial […]

Uber to pay $4.4 million to end federal sex harassment investigation

Uber Technologies Inc

Uber Technologies Inc. is going to pay a $4.4 million to settle a federal investigation into accusations that the San Francisco company permitted a rampant culture of sexual harassment, the U.S. Equal Employment Opportunity Commission declared Wednesday. The agreement finishes an investigation started in 2017 in which the commission found reasonable cause to consider that […]

General Motors issues two recalls for over 900,000 new vehicles

General Motors

General Motors stated on Thursday it is issuing recalls for over 900,000 vehicles globally in two separate campaigns to address brake software issues and fire risks. The largest American automaker is recalling over 550,000 2019 light-duty Chevrolet Silverado 1500, Cadillac CT6 and GMC Sierra 1500 vehicles because of a potential software glitch that could disable […]

Automakers to pay nearly $3 billion in new U.S. tariffs under USMCA

USMCA

U.S. President Donald Trump’s modification of North American trade rules will cost automakers almost $3 billion more in tariffs during the next decade for cars and parts that will not meet higher regional content requirements during the next decade, the Congressional Budget Office (CBO) calculated. The estimate was contained in the non-partisan budget referee agency’s […]

Fiat Chrysler and Peugeot agree to $50 billion merger

Peugeot 208

Fiat Chrysler and Peugeot maker PSA deal with the challenge of winning over regulators and delivering on a commitment to cut costs without shutting down factories after sealing a binding deal to form the world’s fourth biggest automaker. Both tasks are likely to prove difficult, as two of the industry’s oldest dynasties attempt to combine […]