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The Austin, Texas, company made $5.5 billion last year compared with the previous record year of $3.47 billion in net income posted in 2020. Musk said the annual profit pushed the company’s accumulated earnings since its 2003 inception into profitable territory. Last year was a breakthrough year for the company, Musk said on a conference call with analysts. “There should no longer be doubt about… → Read More
DETROIT (AP) — General Motors and a joint-venture partner plan to build an electric vehicle battery factory in Lansing, Michigan, their third such factory in the U.S. → Read More
DETROIT (AP) — A few days after reports surfaced that Tesla allows drivers to play video games on dashboard touch screens while vehicles are moving, Mercedes-Benz has issued a U.S. recall for a simliar issue. → Read More
DETROIT (AP) — The CEO of General Motors said Thursday that the automaker learned valuable lessons last year when it stepped in to boost emergency production of ventilators to treat severely ill COVID-19 patients. → Read More
RALEIGH, N.C. (AP) — North Carolina government officials have scheduled a Monday afternoon news conference to announce a major economic development project that likely will be construction of a Toyota electric vehicle battery factory that will employ 1,750 people. → Read More
RALEIGH, N.C. (AP) — Toyota announced on Monday that it plans to build a $1.3 billion electric vehicle battery plant near Greensboro, North Carolina, that will employ at least 1,750 people and help meet the auto giant's growing goals of electric vehicle sales this decade. → Read More
DETROIT (AP) — Members of the United Auto Workers union have overwhelmingly approved picking their leaders by direct ballot elections, rejecting a system that many blamed for a bribery and embezzlement scandal in the union's top ranks. → Read More
DETROIT (AP) — Elon Musk is selling more Tesla shares than he needs to pay current tax obligations, and experts say he's either converting part of his fortune from stock to cash, or he's saving for bigger tax bills that will come due next year. → Read More
DETROIT (AP) — President Joe Biden is highlighting billions of dollars in his giant bipartisan infrastructure deal to pay for the installation of electric vehicle chargers across the country, an investment he says will go a long way to curbing planet-warming carbon emissions while creating good-paying jobs. → Read More
WASHINGTON (AP) — Congress has created a new requirement for automakers: Find a high-tech way to keep drunken people from driving cars. → Read More
The Biden administration's sweeping new COVID-19 mandate will apply to 84 million workers at mid-size and large companies. → Read More
DETROIT (AP) — High prices for trucks and SUVs helped General Motors post a $2.4 billion third-quarter profit despite factory closures due to a shortage of computer chips and other parts. → Read More
DETROIT (AP) — A driver was behind the wheel when a Tesla electric car crashed and burned last April in Houston, killing two men, neither of whom was found in the driver's seat. → Read More
DETROIT (AP) — Record electric vehicle sales last summer amid a shortage of computer chips and other materials propelled Tesla Inc. to the biggest quarterly net earnings in its history. → Read More
DETROIT (AP) — A former California pollution regulator is being nominated to run the nation's highway safety agency. → Read More
DETROIT (AP) — Toyota plans to build a new $1.29 billion factory in the U.S. to manufacture batteries for gas-electric hybrid and fully electric vehicles. → Read More
DETROIT (AP) — Global automakers and tech companies are stepping up the pace when it comes to building factories and prepare for what many believe will be a fast-moving transition from internal combustion engines to electric vehicles. → Read More
WASHINGTON (AP) — After their 16-year-old daughter died in a car crash, David and Wendy Mills wondered whether she would be alive if federal rules on rear seat belt warnings had been issued on time. → Read More
WASHINGTON (AP) — After their 16-year-old daughter died in a car crash, David and Wendy Mills wondered whether she would be alive if federal rules on rear seat belt warnings had been issued on time. → Read More
DETROIT (AP) — U.S. safety investigators want to know why Tesla didn't file recall documents when it updated Autopilot software to better identify parked emergency vehicles, escalating a simmering clash between the automaker and regulators. → Read More