VW’s finance chief Arno Antlitz warned last September that the company had “a year, maybe two years, to turn things around.”
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Shares in rival used car retailers went into reverse gear following the announcement of Hertz’s Amazon partnership.
Tesla and Waymo are among the entrants trying to turn congested New York City, the home of the yellow cab, into a robotaxi hub.
If successful, the company believes its affordable option could revolutionize EV adoption levels in America.
Uber users in Atlanta and Austin can already use the ride-hailing app to order robotaxis from Alphabet subsidiary Waymo.
A US-based startup, backed by Japan’s Toyota, and a freshly capitalized initiative in China could make flying cars a full reality next year.
The future of the hydrogen fuel cell vehicle took a dent last week as one of the world’s biggest automakers reversed course.
A pact announced Thursday calls for Uber to invest $300 million in Lucid and buy at least 20,000 robotaxis from the company over six years.
Ford said that its second quarter sales rocketed 14% in the second quarter from a year earlier to 612,095 vehicles.
Elon Musk is again sleeping at Tesla’s offices again, but that may not be enough to restart the top US EV-maker’s engine.
The multinational automaking giant announced Wednesday that its Americas COO Antonio Filosa will soon sit in the driver’s seat.
Luxury carmakers BMW and Mercedes are slipping behind little-known, home-grown Seres in the all-important China market.
The UK and US announced a “historic” trade deal Thursday that does little to reduce Washington’s overall global trade war.
Tesla was a notable absentee from this week’s Shanghai Auto Show, where Volkswagen and other carmakers debuted new offerings.
Hertz’s recent track record leaves much to be desired: the rental-car company lost nearly $2.9 billion last year.
At home in the US, one of Detroit’s Big Three stood out as vulnerable to a potential trade war: General Motors.