Tesla Inc revealed its Model Y electric sports utility vehicle on Thursday in California, promising a much-awaited crossover that will see competition from European automakers. CEO Elon Musk stated the
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Toyota Motor stated on Thursday it is going to invest $749 million in five U.S. plants and add 586 jobs as it increases engine production capacity and adds new hybrid
Audi will make greater utilization of vehicle platforms and technologies developed with Porsche and Volkswagen as it commences on a 15 billion euro cost-cutting and performance drive, CEO Bram Schot
A group of investors led by SoftBank Group and Toyota Motor plans to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, that would value the unit
Volkswagen’s Czech unit Skoda Auto experienced global deliveries fall 2 percent to 90,900 cars year-on-year in February, mostly due to the depressed Chinese market, the automaker stated on Wednesday. Deliveries
Honda Motor stated on Tuesday it is going to recall 1.2 million Honda and Acura vehicles in North America to replace faulty Takata airbags on the driver’s side. The company
Tesla Inc backtracked its strategy to close all of its U.S. stores and instead will increase prices of its high-end vehicles by about 3 percent on average, as it seeks
Alphabet Inc’s self-driving car unit, Waymo, has been seeking financing from outside investors including European automakers Volkswagen, The Information reported on Monday, menitoning a person with direct knowledge of the
Japan’s Nissan Motor and France’s Renault stated they would retool the world’s top automaking alliance to put themselves on more equal footing, breaking up the all-powerful chairmanship earlier wielded by
Volkswagen will increase its hiring of software experts to make sure that the automaker stays at the forefront of innovation in an industry preparing toward refining mechanical, instead of software
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