by Paul A. Eisenstein | Nov 14, 2013
One thing that’s become obvious about South African-born billionaire Elon Musk: he is willing to spend his money on anything that interests him, and in recent years that has covered a range of bases as diverse as electric cars, rocket ships, solar panels and even...
by Michael Strong | Nov 14, 2013
Tesla’s run of bad news continued yesterday when three workers were hospitalized after being injured by hot metal at the company’s Freemont, Calif., plant. “There was a failure in a low pressure aluminum casting press. Three employees were injured by hot metal...
by Michael Strong | Nov 13, 2013
General Motors is moving its international headquarters from Shanghai, China, to Singapore. Stefan Jacoby, an executive vice president, will oversee about 120 employees in the new location, GM said in a statement. The move, which expected to be complete in the second...
by Paul A. Eisenstein | Nov 13, 2013
Volkswagen’s first battery-electric vehicle to enter the U.S. market will make its debut at the upcoming L.A. Auto Show, an event expected to showcase a wide range of zero-emissions vehicles. After a slow start, the German maker has been making an aggressive push into...
by Michael Strong | Nov 13, 2013
The U.S. government’s steady sale of its remaining shares of General Motors stock continued last month, according to the Treasury Department, as it sold $1.2 billion of its holdings. The government is still on track to lose about $9.7 billion on the shares, which it...
by Paul A. Eisenstein | Nov 13, 2013
Despite spending billions to open new plants in both Brazil and Mexico, Nissan Motor Co. will continue investing in its U.S. automotive manufacturing operations, stressed the maker’s CEO. But where plants in Tennessee and Mississippi will largely focus on local demand...
by Paul A. Eisenstein | Nov 13, 2013
Two of the year’s most important auto shows are coming up next week in Los Angeles and Tokyo – but Lincoln is getting a jump on them both with a special preview of its own in New York City later today. There’s good reason for it to be anxious. Ford Motor Co. is...
by Paul A. Eisenstein | Nov 12, 2013
Despite three recalls and a potential investigation by the National Highway Traffic Safety Administration, Tesla Motors founder and CEO Elon Musk insists “there definitely won’t be a recall” of the maker’s Model S battery-electric vehicle. Speaking at a conference in...
by Michael Strong | Nov 12, 2013
After series of recalls that tarnished the reputation of Hyundai Motor Co., Kwon Moon Sik, the automaker’s chief technology officer, resigned yesterday. In addition to his resignation, two other executives at the Seoul-based company were reassigned. Hyundai did not...
by Paul A. Eisenstein | Nov 12, 2013
Nissan has officially switched on its sprawling new assembly plant in the Mexican industrial center of Aguascalientes, a facility that will become a major part of the maker’s planned growth both in Mexico and the rest of the booming Americas. The new plant is the...
by Paul A. Eisenstein | Nov 12, 2013
Kia is about to get into the battery-car game with a new electric version of its quirky Soul crossover, and the maker claims the Soul EV will deliver “class-leading range” of more than 120 miles per charge. The battery version will be based on the newly redesigned...
by Joseph Szczesny | Nov 12, 2013
It’s anything but unusual for an automaker to shake up its management ranks when sales start to stumble. In the case of Maserati SpA, however, the maker is re-ordering its executive ranks just as sales begin to take off after years of lagging the luxury pack....
