Auto industry groups urge caution in changing NAFTA origin rules

Auto industry trade groups warned that tightening the rules of origin in the North American Free Trade Agreement could be disruptive and hurt the competitiveness of U.S., Mexican and Canadian auto plants.


BMW, with eye on Tesla, to introduce electric 3 series, report says

BMW plans to introduce an electric version of the 3 series in September, a move designed to fend off rival Tesla, a German newspaper reported.

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Sent early Monday mornings, this newsletter contains a summary of key stories from our weekly edition.

UPDATED: 6/9/17 4:15 pm ET - adds stock close
Tesla briefly tops BMW in market capitalization

A week-long rally in Tesla shares briefly vaulted the company's market capitalization past BMW in early Friday trading, but BMW finished the day still ahead.

UPDATED: 6/7/17 2:38 pm ET - adds Tesla statement
Tesla plans new plant for Model Y crossover, Musk says

Tesla, which operates its only plant in Fremont, Calif., has another one coming. The existing plant is "bursting at the seams," CEO Elon Musk said, and the search is under way for another plant site.

LETTER TO THE EDITOR
EV column not based in reality

The reality is that last year, of the over 17 million new vehicles sold in the United States, 99.5% were not electric, a reader writes.

GUEST COMMENTARY: Avi Steinlauf
Don't give up yet on EV subsidies

While many in the industry may believe EVs are the future, the unfortunate reality is that they're not the present, writes Edmunds CEO Avi Steinlauf.

Nissan's e-Power hybrids may go global

Nissan's hybrid hit is virtually unknown outside Japan. But the company is thinking about taking it overseas where it could challenge the Prius, just as it does at home.

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