Green Cars

When a 'likable' salesman goes 'rogue'

The nation's highest-volume Porsche dealership is trying to extricate itself from a scandal involving a former employee who is accused of pocketing over $2.5 million in customer deposits on nonexistent vehicles before he disappeared last month.

Mazda turns to more virtual engineering to cut costs

Managing Executive Officer Mitsuo Hitomi says the move will help Mazda juggle the massive complexity of new technologies on a shoestring budget.

Caddy dealers cheered by product preview

Dealers gathered in Las Vegas last week for a conference that included looks at the new XT6 three-row crossover, CT4 and CT5 sedans, and the next-generation Escalade.

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UPDATED: 9/12/18 4:22 pm ET - adds stock close
Chinese EV maker NIO shares recover after shaky U.S. debut

Shares of Chinese electric carmaker NIO recovered sharply from a 15 percent fall in their market debut on Wednesday, a day after the company's IPO was priced at the lower end of the expected range.

UPDATED: 9/5/18 9:33 am ET -- adds details
GM plans to beef up battery r&d operations

General Motors is investing $28 million to make "additional major enhancements" beginning this fall to a battery development and testing lab in suburban Detroit.

The race to recharge EVs in less than 10 minutes

Automakers are racing to recharge EVs faster so that consumers are less worried about running out of range. The batteries in EVs being developed by GM may be recharged with 180 miles of driving range in less than 10 minutes, a quicker time than drivers can get at Tesla's superchargers.

Tesla will remain public company, Musk says

Elon Musk scrapped a plan to take Tesla private, a remarkable reversal more than two weeks after blindsiding employees and investors with the idea in a bombshell tweet. Musk said late Friday he had met with company directors and “let them know that I believe the better path is for Tesla to remain public."

UPDATED: 8/20/18 4:25 pm ET - adds stock close
Tesla shares salvage a gain despite deal-funding doubts

Tesla shares, after slumping much of the day toward a fifth straight decline, ended Monday on the plus side despite fresh doubts about Elon Musk’s effort to take the company private.

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