UPDATED: 11/19/18 2:23 pm ET - adds Twitter exchange

Musk reopens door to Daimler with vow to inquire on electric van

Elon Musk floated the idea of working with a familiar ally on electric work vans after being guilt-tripped on Twitter for using fuel-burning vehicles to service Tesla models.

UPDATED: 11/19/18 2:23 pm ET - adds Twitter exchange

Subaru chooses Crosstrek for first plug-in hybrid

Subaru seeks to electrify at the Los Angeles Auto Show with the brand's first plug-in hybrid, a gasoline-electric version of the Crosstrek that arrives in U.S. dealerships by year end.

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UPDATED: 11/16/18 11:44 am ET - adds details, comments
VW to spend $50.2 billion on electric, autonomous vehicles by 2023

Volkswagen Group said it will spend 44 billion euros ($50.2 billion) on electric vehicles, digitalization, autonomous driving and new mobility services by 2023. The 44 billion euro plan is 10 billion euros ($11.4 billion) more compared with last year's planning round. The automaker also plans to increase productivity of its factories by 30 percent by 2025.

UPDATED: 11/15/18 5:49 pm ET - corrected
Diess: VW can help make EVs mainstream

If electric vehicles fail to catch on globally over the next several years, it won't be because Volkswagen didn't try, CEO Herbert Diess says.

UPDATED: 10/30/2018 4:59 pm ET - adds details
Faraday Future co-founder Nick Sampson steps down

Chinese EV developer Faraday Future said co-founder Nick Sampson has resigned, a week after the cash-starved company planned pay cuts and layoffs to reduce operational costs.

UPDATED: 10/26/18 4:16 pm ET - adds details, stock close
Tesla denies report that it was subpoenaed on Model 3 production

Tesla has not received a subpoena from the Department of Justice related to its forecast for Model 3 production, the carmaker said after The Wall Street Journal reported the company is facing a deepening criminal probe about the projections.

UPDATED: 10/24/18 10:56 am ET - updates stock price
Tesla reports $312 million profit in Q3 as Model 3 deliveries surge

Tesla reported net income of $312 million for the third quarter, its first GAAP profit in two years, as revenue doubled amid rising production of the Model 3 sedan. Record deliveries of the Model 3 at gross margins of nearly 20 percent drove free cash flow of $881 million, leaving the EV maker with $3 billion in cash on hand.

Dyson picks Singapore to build EVs

The choice of Singapore -- which doesn't have a single car-manufacturing plant and is one of the costliest places in the world to buy an automobile -- comes as Tesla zeroes in on establishing a factory in China.


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