Electric carmaker Tesla preparing IPO, sources say
Silicon Valley electric sports car maker Tesla Motors is planning to go public soon, two people familiar with the situation said, outlining plans to sell stock and cash in on investor appetite for green technology and interest in battery-powered... 2:00 pm U.S. ET | Nov. 20
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Toyota Motor Corp. will soon offer to fix the accelerator pedals of up to 4 million vehicles in the United States that are subject to the company's largest ever safety recall, Kyodo News reported. 12:01 am U.S. ET | Nov. 16 | UPDATED: 11/14/09 2:00 P.M.
Mazda Motor Corp. will reduce its vehicle weights by at least 220 pounds beginning in 2011, with a combination of lighter-weight materials, smaller vehicle footprints and new engineering processes, a top executive says. 12:49 pm U.S. ET | Nov. 11
Battery maker A123 Systems Inc. posted revenue that beat Wall Street estimates along with a big loss on Tuesday, in its first quarterly results since its closely watched share debut in September. 12:01 am U.S. ET | Nov. 11 | UPDATED: 11/11/09 10:25 a.m. ET
U.S. Energy Secretary Steven Chu has appointed a venture capitalist to help speed application reviews for the agency’s $25 billion loan program to develop electric and other high-technology vehicles. 4:13 pm U.S. ET | Nov. 10
BorgWarner Inc. forecasts about $1.8 billion in net new powertrain business in the next three years, surprising analysts who expected the supplier's plan to take a sharper hit from the global recession. 12:06 pm U.S. ET | Nov. 9 | UPDATED: 11/9/09 4:23 p.m. ET
REUTERS AUTOS SUMMIT
There's a simple way to get Americans to drive fuel-efficient cars, but they are not going to like it -- sharply hike the gasoline tax. 11:31 am U.S. ET | Nov. 4
REUTERS AUTOS SUMMIT
Fisker Automotive, a California-based start-up car company, expects to complete a deal with the UAW before year-end for the union to represent workers at an old General Motors plant Fisker is acquiring. 2:01 pm U.S. ET | Nov. 3
French auto supplier Faurecia SA said today it plans to acquire Emcon Technologies to create the world's largest exhaust systems supplier -- with $7.7 billion in annual revenue. 12:01 pm U.S. ET | Nov. 2 | UPDATED: 11/2/09 1:51 p.m. ET
Frank Weber, the German-born engineer in charge of the Chevrolet Volt, is moving back to Germany to take a senior management role at Opel. 2:43 pm U.S. ET | Oct. 30 | UPDATED: 10/30/09 3:08 p.m. ET
Azure Dynamics Corp. has replaced SEV US Corp. as developer of the drivetrain for Ford Motor Co.'s battery-electric Transit Connect commercial van slated to launch next year, the automaker said today. 11:50 am U.S. ET | Oct. 30
California struck a tax incentive agreement with Tesla on Wednesday to ensure that the electric vehicle maker builds its sedan production facility in the state, possibly in the Los Angeles area. 12:01 am U.S. ET | Oct. 29