DETROIT, May 21- A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer this month to buy cash-strapped "green" car company Fisker Automotive, people familiar with the matter said. VL Automotive and China's Wanxiang Group are looking to gain control of Fisker through a prepackaged bankruptcy.» Read More
Some of the most popular small SUVs have failed critical crash tests that simulate a common and deadly front end collision.
Tesla announced plans to offer another 2.7 million shares and said CEO Elon Musk will buy another $100 million worth of Tesla stock. Shares shot up after-hours.
Detroit automakers have begun to close the quality and reliability gap with their rivals, and a new study suggests that domestic models may even be taking the lead in many key market segments. NBC News reports.
Americans are driving less, waiting longer to get licensed and are increasingly turning to alternatives to driving such as mass transit or car-sharing programs. NBC News reports.
Diarmuid O'Connell, Tesla vice president; and Robert Glaser, North Carolina Automobile Dealers Association president, debate whether the automaker should be able to sell directly to consumers.
Auto repossessions rise due to borrowers defaulting on their auto loans. Has the industry gone too far selling new cars and trucks to those with subprime credit records?
WASHINGTON-- U.S. factories likely increased their output in April after cutting back slightly in March, helped by another solid month of auto production. The Federal Reserve will report on April industrial production at 9:15 a.m. EDT Wednesday.
HONG KONG, May 15- Warren Buffett- backed Chinese carmaker BYD Co Ltd rolled out Hong Kong's first electric taxi fleet on Wednesday, marking a milestone for its all-electric battery car that highlights its promise and its limitations.
*GDP falls 0.8 pct q/q. PRAGUE, May 15- The Czech economy shrank by a surprising 0.8 percent in the first quarter as recession in the euro zone severely hit some export-oriented industries, mainly the car sector. The Czech Statistics Bureau said the year-on-year decline deepened to 1.9 percent.
NEW YORK, May 14- The wave of short-covering that drove shares of electric car maker Tesla Motors to huge gains last week appears to have subsided, but there are still plenty of investors willing to bet against the stock.
FRANKFURT, May 14- Ford Sollers, the Russian joint venture of U.S. carmaker Ford Motor Co, will build the EcoSport in Russia next year, at a time when the market for small SUVs is gaining traction in the country, Ford officials said on Tuesday. Ford Sollers broke ground on a $274 million powertrain plant in Russia on Tuesday.
"It will be up to car manufacturers to help us figure out what the cost of all this is going to be," LaHood, the outgoing transportation chief, said at a University of Michigan Transportation Research Institute conference.
Tesla has exciting new battery technology and is located in Silicon Valley, but is it enough to call it a tech stock?
RALEIGH, N.C.-- A bill backed by auto dealers that effectively blocks California's Tesla Motors Inc. from selling in North Carolina has passed the state Senate. The electric car manufacturer says the bill that passed the Senate unanimously Monday effectively bars it from selling to state residents through its Internet-based model.
JEFFERSON CITY, Mo.-- Missouri lawmakers are hoping the third time will be the charm in their quest to reinstate local taxes on cars, trucks and boats purchased from out-of-state dealers or in private transactions.
*Sony jumps after hedge fund chief favors spinning off entertainment unit. *Electric carmaker Tesla Motors extends gains on raised sales outlook. "Earnings season is pretty well done, we don't really have any big economic points on the horizon," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
Fisker Karmas, which sold new for $103,000 just a year ago, are now being sold for roughly half that price. In some cases, the model can't even fetch eBay bids above $50,000.
DETROIT, May 13- Recent improvements in rapport between automakers and their supply base stalled this year, a survey showed on Monday, with suppliers complaining about lack of communication, last-minute engineering changes and inconsistency in management.
Luxury electric automaker Fisker is on the verge of bankruptcy and now its Karma Sedan which once retailed for more than $100,000, are now going for cheap, with CNBC's Phil LeBeau.
The California EV manufacturer is promising even better numbers for the rest of the coming year as it ramps up production at its assembly plant near San Francisco.
Mercedes-Benz is digging in and putting more features into its redesigned flagship S-Class sedan.
Some of the most popular small SUVs have failed crash tests that simulate a common and deadly front end collision.
Has the auto industry gone too far selling new cars and trucks to those with subprime credit records?