Green Cars
UPDATED: 11/20/18 11:02 am ET - new story

Renault's Bollore said to win French backing as interim CEO

Renault COO Thierry Bollore has won the backing of the French government to become interim CEO following Carlos Ghosn's arrest in Japan over allegations of financial impropriety, Bloomberg reported.

UPDATED: 11/20/18 11:02 am ET - new story

Mali to produce lithium by 2020 after 694,000 tons discovered

Mali is on track to start lithium production by 2020 following the discovery of exploitable reserves, a senior mines ministry official told Reuters.

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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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