EU to hit Chinese electric cars with tariffs of up to 38%

The European Commission has ordered a provisional hike to tariffs on Chinese manufacturers including BYD. The European Union warned on Wednesday it would slap additional tariffs of up to 38 percent on Chinese electric car imports from next month after an anti-subsidy probe, a move that risks provoking a bitter trade war. Brussels angered Beijing […]

Tesla turns up charm ahead of investor vote on huge Musk pay plan

Tesla has urged shareholders to vote in favor of CEO Elon Musk’s huge pay plan after a Delaware judge struck it down. Electric automaker Tesla has launched a charm offensive to try to coax shareholders to vote Thursday for billionaire CEO Elon Musk’s giant pay package, after the windfall was nixed in court. The company […]

Blockchain could offer a solution to the UK’s transport ticketing systems

Credit: Unsplash/CC0 Public Domain A new approach to transport ticketing offers a step towards an integrated, transparent system that works efficiently for both ticket providers and passengers across all modes of transport. Traditional ticketing systems are based on solutions that are vulnerable to issues, including a lack of transferability across multi-modal transport networks and an […]

Honda posts record profit, issues cautious forecasts

Honda has made big outlays as it aggressively pursues an ambitious target of acheiving 100 percent electric vehicle sales. Japanese auto giant Honda on Friday logged a record annual profit thanks to improving global vehicle sales, but issued a cautious outlook for the current fiscal year. The company said net profit for the year to […]

Tesla fires team expanding Supercharger network. Expert explains why it was a good move for Elon Musk—and consumers

Fernando Suarez, the Jean C. Tempel professor of entrepreneurship and innovation at Northeastern, says Tesla’s decision “makes sense” for the car company. Credit: Matthew Modoono/Northeastern University Last week, Tesla fired 500 employees responsible for expanding its Supercharger network. The layoffs caught many by surprise, considering Tesla’s Supercharger network is dominant in the United States, often […]

Europe’s auto suppliers reach the end of the road

The EU plans to outlaw the sale of new fossil fuel-powered cars from 2035, meaning some jobs will inevitably become redundant. Emrullah Karaca has made brakes for the past 20 years, but he is now learning to assemble heat pumps instead, as the Continental factory where he works in northern Germany is slated to close. […]

Electric cars pile up at European ports as Chinese firms struggle to find buyers

Credit: Unsplash/CC0 Public Domain China’s automotive industry has revolutionized over the past decade, from producing basic western clones to making cars that equal the world’s best. As the manufacturing powerhouse of the world, China is also producing them in huge volumes. However, Chinese cars are facing difficulties in finding buyers in Europe. Imported cars, many […]

Tesla’s stock leaps on reports of Chinese approval for the company’s driving software

A Model X sports-utility vehicle sits outside a Tesla store in Littleton, Colo., June 18, 2023. Shares of Tesla stock rallied Monday, April 29, 2024, after the electric vehicle maker’s CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval for its driving software. Credit: AP Photo/David Zalubowski, […]

Honda to build major EV plant in Canada: govt source

Honda hopes to sell only zero-emission vehicles by 2040, with a goal of going carbon-neutral in its own operations by 2050. Japanese auto giant Honda will open an electric vehicle plant in eastern Canada, a Canadian government source familiar with the multibillion-dollar project told AFP on Monday. The federal government as well as the province […]

Tesla earnings a ‘moment of truth’ for Musk after stumbles

A string of disappointments have raised the stakes for for Tesla’s first-quarter earnings announcement. Tesla CEO Elon Musk faces heightened pressure with Tuesday’s earnings report to reassure investors that recent stumbles are simply unexpected speed bumps—and not indications of a road to decline. The electric car maker, which enjoyed scorching growth for most of 2022 […]

General Motors lifts 2024 profit forecast after strong Q1

General Motors, which reported better than expected profits, is hopeful that the moderately priced Chevrolet Equinox will attract more consumers to electric vehicles. General Motors reported higher profits Tuesday thanks to continued strength in North America that offset a loss in its China business, enabling the carmaker to lift its forecast. GM, which has benefited […]

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