As head of Fiat Chrysler' Jeep and Ram brands, the 54-year-old Brit was considered the front-runner to replace CEO Sergio Marchionne. Then came the news last July that Marchionne had passed away following what had been billed as routine surgery. » Read More
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Lincoln already plans another run of its all-out American luxury cruiser for next year, with a few slight tweaks. » Read More
By: Sara Salinas
The company continues to reveal pressure to maintain profitability. » Read More
Tesla's newest round of layoffs is simply Elon Musk trying to "right-size" the company, said Steve Westly. But Needham analyst Rajvindra Gill said there are risks on the horizon.
Tesla's layoffs show the company needs to cut costs and move toward making some cheaper options. European deliveries can offset demand in the next few months, says one analyst.
Job cuts at Tesla are not quite the bad news as first seemed, analysts at Jefferies and Oppenheimer say.
Musk says Tesla faces a "very difficult" road ahead in its long-term goal to sell affordable renewable energy products at scale.
Tesla is cutting its full-time staff headcount by around 7 percent as it ramps up production of its Model 3 sedans, CEO Elon Musk says.
Ford says hybrid and electric versions F-150 pickup will be exceptionally capable, offering more towing and off-road power, justifying possible sticker shock from the higher prices.
The Nissan IMs and Infiniti QX Inspiration imagine a "complete reinterpretation" of tomorrow's zero-emissions vehicles that will have, among other things, vastly more roomy interiors by all but eliminating the traditional engine compartment.
Musk said Tesla would ditch the customer referral scheme as it's "adding too much cost to the cars, especially Model 3."
This year's Detroit auto show was tamer than usual, with only a few big-name debuts making headlines. With less competition, the cars that did launch in Detroit had a better chance of making a splash. Not all were winners.
From announcing all-electric cars to adding assembly lines specifically for plug-in models, auto executives are ramping up their electric vehicle plans in a nod to Elon Musk's success at Tesla.
The craft is rated to carry 400 pounds, though Workhorse is developing a heftier, military version that would bump it up to 640 pounds. Under normal conditions, the SureFly would have a range of about 75 miles at a cruising speed of 75 mph.
Goodyear shares plunged 12 percent after the company announced that fourth-quarter tire unit volumes declined by about 3 percent due to the continued weakening of the environment in China and India.
Both automakers already have commercial vehicles businesses around the world, and the commercial vehicle segment is expected to grow in the near future.
Jose Munoz, who had been a contender as Nissan CEO, has resigned after the company put him on leave and reassigned him to work on an internal investigation.
Pony.ai, a Chinese autonomous car start-up, recently launched an app that allows a limited number of users to hail a driverless taxi.
"We believe that [the] transportation industry is going to shift wholesale to electric, and Tesla is ahead of the pack," ARK Invest's Cathie Wood says.