Stock Widget Tesla TSLA -2.85% ▼ shareholders approved a record-setting pay package for Chief Executive Elon Musk, a plan designed to motivate the world’s richest man with as much as $1 trillion in additional stock. Flanked by dancing humanoid robots…
Browsing: Cars
What should have been a peaceful drive down a scenic California mountain road turned into a harrowing life-or-death struggle for 69-year-old retired radiologist Dr. Peter Rothschild, whose Volvo XC90 plug-in hybrid suddenly lost its ability to brake. With dashcam footage capturing every moment of the escalating crisis, the terrifying incident is now at the center of a nationwide recall affecting nearly 12,000 Volvo vehicles — and raising serious questions about the automaker’s safety practices and software deployment.
President Donald Trump’s aggressive new trade policies—designed to bolster domestic manufacturing—are hitting Ford Motor Company harder than many anticipated. Despite building roughly 80% of the vehicles it sells in the U.S. domestically, Ford is projecting a net $2 billion tariff-related…
Tesla Inc. TSLA –.–% Mumbai, India – Tesla Inc. is set to make its long-awaited debut in India next week, officially entering the world’s third-largest automobile market with the opening of its first showroom in Mumbai. The U.S. electric vehicle (EV)…
Detroit, MI – Ford Motor Co. is facing a persistent supply shortage of rare-earth magnets—critical components for EV motors and various automotive systems—despite a recent U.S.–China agreement intended to ease export restrictions. The situation remains dire, forcing Ford into a…
Omead Afshar, a veteran Tesla executive long known as Elon Musk’s personal “fixer,” has quietly exited the company, marking a notable shift in the automaker’s leadership structure. Afshar—who joined Tesla in 2017 and rose to prominence by overseeing the Texas Gigafactory…
Hong Kong-listed shares of China’s Xiaomi surged over 5% to hit a record high on Friday, a day after its electric car drew a strong response from customers. The consumer electronics company, a relatively newer player in the EV market, took aim straight…
Share prices of Hertz surged 56% after billionaire investor Bill Ackman’s firm disclosed a stake in the car rental company. Pershing Square Capital Management said in a regulatory filing on Wednesday that it had acquired 12.7 million shares valued at $46.5 million. Pershing Square…
A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week. President Trump’s 25 percent tariffs on imported vehicles, which went into effect last week, are already sending…
