Why Did Tesla Stock Fall Despite Strong Delivery Numbers
Tesla is attempting to recover from two consecutive years of declining vehicle sales amid stronger competition from Chinese and European automakers
Automotive
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Tesla Reports Strongest Quarterly Delivery Growth In A Year
Tesla produced 451,758 vehicles during the quarter. The Model 3 sedan and Model Y SUV accounted for about 97% of all deliveries
JetBlue Plane Reports Drone Strike Near JFK Airport
The incident occurred Monday morning when the pilot of JetBlue Flight 948, arriving from Las Vegas, reported that an object believed to be a drone struck the aircraft at an altitude of about 3,000 feet during its final approach.
Why Is Volkswagen Planning 100,000 Job Cuts
Volkswagen is also expected to trim planned investment by about 15%, lowering spending to just over €130 billion over the next five years.
Why Are Chinese Carmakers Expanding Into Canada
Companies including BYD, Chery, Lotus and Changan have begun establishing dealerships, import networks and distribution channels despite modest sales expectations in Canada.
Why Is Polestar Ending New Vehicle Sales In The U.S.
The Bureau of Industry and Security determined that Polestar has a sufficient connection to China through its parent company, Geely, making it ineligible for approval under the new regulations.
EV Maker Lucid Announces 1,500 Job Cuts
The restructuring includes the elimination of the chief operating officer position and operational changes at Lucid's manufacturing facility in Casa Grande, Arizona.
How Are China’s Slowdown And The Iran War Hurting BMW
BMW cited higher energy costs linked to the Iran conflict, saying elevated prices are increasing operating expenses and hurting consumer confidence across global markets
Experienced Skydivers Among Victims Of Missouri Plane Crash
Authorities said all occupants aboard the aircraft were killed in the crash, which occurred Sunday.
Why Is Ford Recalling More Than 255,000 Vehicles Again
According to the recall notice, a malfunctioning canister purge valve can cause engines to stall unexpectedly while vehicles are in motion, increasing the risk of crashes and injuries
Did Trump Accidentally Create An EV Mandate? (Or, Why CAFE Must Be Ended, Not Mended)
Amid the government-created “energy crisis,” a Democratic Congress passed, and President Gerald Ford foolishly signed, a law in 1975 that dictated the average fuel economy automakers must reach for the passenger cars they sell in a given year
Honda Recalls More Than 880,000 Vehicles Over Suspension Defect
The affected vehicles were sold primarily in states where road salt and winter weather conditions can accelerate corrosion.
Metals Tariffs Reset Hits, Full Customs Value Now Bites
Washington's revamped Section 232 regime on steel, aluminum and copper takes effect, reshaping the import math for manufacturers.
The Iran War Sounds The Death Knell Of EVs
New EV sales in April – the second full month of the war – were down 6.2% compared with March, and down a whopping 23% from the year before, according to Cox Automotive.
