Driverless car development sets ablaze a bonfire of billions
Autonomous vehicle companies and suppliers have collectively spent around $75 billion developing self-driving technology, with scant sign of meaningful revenue emerging from robo-car...
Tesla drops as Musk says demand ‘a little harder’ to come by
Tesla Inc. shares declined in early trading after the electric-car maker reported lower-than-expected revenue and acknowledged it isn’t immune from economic headwinds....
Hyundai lobbies US to ease EV rule that hurts foreign carmakers
Hyundai Motor Co. and the South Korean government are ratcheting up lobbying to loosen restrictions that Senator Joe Manchin fought...
Mercedes pledges robust results regardless of gloomy outlook
Mercedes-Benz Group AG still has its sights set on delivering solid returns next year even if the global economy continues...
Core US inflation rises to 40-year high, securing big fed hike
A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring...
VW closes in on $1 billion JV with Chinese chipmaking startup
Volkswagen AG is close to reaching a joint venture deal with Chinese autonomous driving startup Horizon Robotics Inc. that could...
Europe’s car output to plummet by millions, S&P predicts
European carmakers could see output drop by more than 1 million vehicles per quarter starting late this year and continuing...
Ford, GM and other carmakers face 50% profit slump next year, UBS analysts say
Shares of automakers Ford Motor Co. and General Motors Co. took a beating Monday as outlook for the industry darkened...
