by Paul A. Eisenstein | May 9, 2019
Ford Motor Co. will launch its “Mustang-inspired,” crossover later this year, its first long-range battery-electric vehicle, and CEO Jim Hackett told shareholders that while the EV market has been slow to build momentum, “When it happens you want to be there.” Hackett...
by Paul A. Eisenstein | May 9, 2019
Less than one in six Americans say they’d give serious consideration to buying an all-electric vehicle next time they’re in the market for a new car, truck or crossover, according to a new AAA study, a finding that could spell trouble for the automakers ready to...
by Paul A. Eisenstein | May 7, 2019
BMW earnings tumbled 75% for the first quarter, its automotive earnings plunging into the red, due to a $1.6 billion set-aside to cover fines resulting from a European antitrust probe, as well as higher investments in autonomous and electrified vehicles. BMW actually...
by Paul A. Eisenstein | May 6, 2019
Volkswagen plans to spend $50 billion on battery-electric vehicles while General Motors’ CEO says the automaker is on a “path” to go fully electric. Volvo, Nissan, Toyota, Ford and, of course, Tesla, by mid-decade, these and other manufacturers expect to have more...
by Paul A. Eisenstein | May 3, 2019
After long dismissing the need to raise additional capital, Tesla has not only gone back to investors with its hands out but been rewarded with about 25% more fresh funding than it had said it would seek just a matter of days ago. In all, the financially stretched EV...
by Joseph Szczesny | May 3, 2019
Fiat Chrysler Automobiles reported profits dropped 41% in the first quarter as a slump in sales in key markets cut the company’s revenues by 5 percent. The automaker attributed the decline to the normal production challenges related to an array of new product launches...
by Paul A. Eisenstein | May 2, 2019
Volkswagen’s earnings took a tumble during the first quarter, largely due to a 1 billion euro, or $1.1 billion, set-aside to cover legal costs related to its ongoing diesel emissions scandal. But at 3.05 billion euros, or $3.41 billion, after-tax profits came in close...
by Michael Strong | May 2, 2019
Less than two weeks after saying Tesla likely would not seek to raise more money even though the time was right, CEO Elon Musk led the charge to raise $2.3 billion to bolster the California-based EV maker’s cash reserves. The company launched issues of new shares and...
by Paul A. Eisenstein | May 1, 2019
The U.S. Securities and Exchange Commission reached a settlement with Elon Musk on Tuesday that ends a court battle that could have seen the South African-born executive forced out as the CEO of Tesla. The agreement more clearly lays out the sort of things that the...
by Paul A. Eisenstein | Apr 29, 2019
How much are you willing to let outsiders know about how, and perhaps even where, you drive? That’s becoming an increasingly serious question in an era when businesses crave getting as much information as possible about customers. Pretty much where and when you drive,...
by Michael Strong | Apr 29, 2019
Tesla CEO Elon Musk’s passing comment about getting additional money for the electric vehicle maker during the company’s earnings call last week may have had more meaning behind than expected. During the call, during which the company announced it lost $700 million...
by Paul A. Eisenstein | Apr 26, 2019
Ford Motor Co. is facing a criminal investigation as the U.S. Department of Justice probes whether it improperly certified the mileage and emissions ratings on some of its vehicles. The announcement by the second-largest domestic automaker comes just a day after it...
