Former Chrysler CEO Nardelli named chairman of power storage company

Former Chrysler chief Bob Nardelli was named chairman of Ioxus, a company that develops transportation power storage technologies and alternative energy.

UPDATED: 7/24/17 5:03 pm ET - adds details

Ford juices up 2018 Mustang with optional 'drag strip' mode

Ford says the freshened 2018 Mustang will be its fastest pony car ever, going from 0 to 60 in under 4 seconds with its new optional "drag strip" mode.

Faraday Future halts work on Nevada car plant

Faraday Future, the electric-vehicle startup backed by LeEco founder Jia Yueting, halted plans to build a $1 billion factory in Nevada as the troubled tycoon fights for the survival of his Chinese car business.

Who's killing the gasoline car?

Volvo's decision to focus on electrified models represents an about-face for the Chinese-owned brand. It had previously said pure electric cars didn't make a great business case.

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.

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