Long-stalled Geneva motor show revs again as Renault, MG, BYD electrics roll onto its smaller stage

GENEVA — The century-old Geneva motor show is back in action for the first time in five years, and organizers are desperately trying to rev up its fortunes. The show skidded off track in 2020 — canceled at the last minute because of the coronavirus outbreak — and had been stalled until now. A handful … Read more

Volvo shares fall after it sets out to dilute stake in Polestar

A Polestar Roadster concept electric vehicle during the Singapore Motorshow in Singapore, on Thursday, Jan. 11, 2024. The show runs through Jan. 14. Photographer: Lionel Ng/Bloomberg via Getty Images Lionel Ng | Bloomberg | Getty Images Shares of Volvo Cars dipped on Friday, after the company said it would dilute its stake in electric vehicle … Read more

Xpeng plans to hire 4,000 people, invest in AI

The Xpeng G9 SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center in Shanghai, April 18, 2023. VCG | Visual China Group | Getty Images Xpeng plans to hire 4,000 new people and invest in artificial intelligence technology, according to the company’s CEO, who warned … Read more

What the U.S. can learn from Norway when it comes to EV adoption

Norway boasts the highest electric vehicle adoption rate in the world. Some 82% of new car sales were EVs in Norway in 2023, according to the Norwegian Road Federation (OFV). In comparison, 7.6% of new car sales were electric in the U.S. last year, according to Kelley Blue Book estimates. In the world’s largest auto … Read more

The Switch to Electric Vehicles Was Always Going to Be a Slog

In the US, analysts say consumers have balked at automakers’ pricier electric offerings. Though the gap is closing, the average electric vehicle transaction is still more expensive than the average gas-powered one. It doesn’t help that 2024 began with discontinuation of the US market’s most affordable EV, the $26,500 Chevy Bolt. (It’s due to make … Read more

Vise tightening on Myanmar’s economy 3 years after military takeover triggered civil strife

BANGKOK, Thailand — Myanmar was a rising star in Southeast Asia before its military seized power three years ago in a takeover that has brought civil strife and a tightening vise of international sanctions, undoing years of progress and leaving the economy 10% smaller than it was in 2019. Economists say the generals who toppled … Read more

Judge voids Elon Musk compensation in lawsuit

A Delaware judge on Tuesday voided the $56 billion pay package of Tesla CEO Elon Musk, ruling that the company’s board of directors failed to prove “that the compensation plan was fair” or show much evidence that they had even negotiated with him. Tesla’s share price slid about 3% in after-hours trading Tuesday following news … Read more

Tesla (TSLA) shares fall after Musk’s EV maker warns of 2024 slowdown

Tesla and SpaceX’s CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London on Nov. 2, 2023. Kirsty Wigglesworth | Reuters Tesla shares closed down 12% Thursday, their biggest drop in over a year, a day after the company reported earnings that missed expectations and warned of a slowdown … Read more

Porsche Rolls Out Its Second All-Electric Car

German auto manufacturer Porsche announced its second-ever model of an all-electric vehicle. The new EV Macan comes in two forms—the Macan 4 and the slightly beefier Macan Turbo. Both of these all-electric SUVs have high-performance 100-kilowatt-hour batteries. These are also the first Porsches to use an 800-volt architecture, which allows the cars to charge from … Read more

Elon Musk Says a Cheaper Tesla Model Is Coming in 2025 as Chinese Competition Intensifies

A cheaper model of Tesla electric vehicle is coming late next year, CEO Elon Musk told investors today. If it launches on Musk’s ambitious timeline, it might arrive in time to help Tesla parry the growing might of Chinese EV makers. The “next generation” compact vehicle Musk mentioned could represent the $25,000 entry-level EV teased … Read more