Fiat Chrysler Automobiles proposed a merger Monday with French automaker Renault that would result in one of the world's largest automakers by volume and create one of the most diverse. The wide-ranging, multi-billion-dollar bid was submitted Monday by FCA after a furious weekend of negotiations that may have started off as an exploration of loose... Fiat Chrysler submits offer for Renault merger, could jump-start electric car development
Fiat Chrysler Automobiles proposed a merger Monday with French automaker Renault that would result in one of the world's largest automakers by volume and create one of the most diverse. The wide-ranging, multi-billion-dollar bid was submitted Monday by FCA after a furious weekend of negotiations that may have started off as an exploration of loose...
Tesla announced Thursday that the company would offer $650 million in stock and $1.35 billion in bonds in a bid to boost the automaker's coffers after disappointing first quarter results. CEO Elon Musk said he would buy $10 million of the company's shares in an effort to boost confidence among investors in the flagging automaker. Stock in Tesla...
Some 2017 and newer Ford vehicles may have illegally polluted more than the company claimed during emissions certifications, and the company admitted Friday that criminal investigators were looking into the matter. The disclosure that the U.S. Department of Justice began investigating the Ford vehicles in February was made during the company's...
Battery-giant Panasonic put a damper its planned investment of hundreds of millions of dollars to expand Tesla's Gigafactory site in Nevada, raising concerns that slowing investment could slow the pace of progress for EVs. Media reports indicated that Panasonic was reportedly considering investments of up to $1.3 billion for battery production to...
Infiniti is on the back foot for electrified powertrains today. The luxury automaker quietly shelved its hybrid powertrains in the past few years in the buildup toward an all-electric lineup sometime in the next few years. On Wednesday, ahead of the 2019 Shanghai auto show, the Infiniti Qs Inspiration concept sedan gave us a glimpse of what may be...
Market adjustments are nothing new, and electric cars are hardly immune to price bumps—up or down. Last month, the 258-mile 2019 Hyundai Kona Electric crossover quietly became $500 dearer to interested EV shoppers without any equipment changes. The automaker hiked the starting price for a 2019 Kona Electric SEL to $37,995, up from $37,495...
Earlier this month, the EPA announced a voluntary recall by Fiat Chrysler Automobiles of nearly 900,000 older vehicles for excessive emissions. The announcement may have raised eyebrows and prompted a few wagging fingers, but it was hardly new; last year automakers recalled more than 5 million vehicles in 85 separate recalls. Now, officials from...
When it arrives in dealers this month, the longer-range 2019 Nissan Leaf S Plus will cost $37,445, including destination, the automaker said Friday. That's in line with what we expected from documents leaked earlier this year, and drives the net price of the compact hatchback close to $30,000, if federal rebates are maxed. The Leaf S Plus is...
Among electric car rivalries, traditional roles can sometimes be upended. That's the case for the firebrand Tesla Model 3, which plays an unfamiliar role as established rival against Volvo's electric-car upstart, the Polestar 2. The Tesla Model 3 has been on sale in the U.S. since 2017, and the Polestar 2 won't arrive in the U.S. until summer...
Tesla recorded a $139 million profit for the last quarter of 2018, smaller than the $311 million quarterly profit before it, but ended 2018 down nearly $1 billion, the automaker told investors Wednesday. "Last year was the most challenging year in Tesla history, but also the most successful," Tesla CEO Elon Musk said. Revenues for 2018 nearly...
The past two months haven't been kind to Carlos Ghosn. The former auto executive was arrested late last year in Japan on charges that he bilked Nissan for millions in unauthorized pay and perks, including financial dealings with business partners that weren't formally disclosed. Shortly after his arrest in November, Nissan announced that he was...
The 2019 Hyundai Santa Fe diesel experiment is over before it began. Brandon Ramirez, a spokesman for Hyundai, confirmed in Korea on Friday that the diesel-powered Santa Fe won't come to the U.S. after all. The move follows Kia's lead earlier this year, when that automaker canceled the 2.2-liter turbodiesel for its Sorento. DON'T MISS: Mazda CX-5...
Honda joined General Motors on Friday and called on the EPA to abandon its proposed fuel-economy rollback, asking federal officials to negotiate with states like California to offer a single, comprehensive update to federal fuel-economy standards. Honda filed its comment Friday, the last day for public comments, on the Trump administration's plan...
Federal investigators may be looking into whether Tesla CEO Elon Musk knowingly lied to investors when he said that the automaker could build tens of thousands of Model 3 sedans by the end of 2017, the Wall Street Journal reported Friday. The newspaper reported that the FBI is looking closer at Musk's statements last year, including one in July...
For an automaker that’s pitching itself toward the fun side of the Hyundai Motor Group, the tone for the automaker’s sizable electric push soon sounds altogether like pants. “It’s all about what fits,” said Michael Winkler, director of powertrains for Kia in Europe. By the end of next year, Kia will offer in the U.S...
Tesla CEO Elon Musk on Saturday settled a lawsuit with federal regulators alleging that the controversial executive bilked investors and lied when he announced the automaker had "funding secured" to buy back millions in shares to take the company private. The Securities and Exchange Commission announced the settlement Saturday. According to the...
Lucid owners will get prepaid access to Electrify America's growing number of fast-charging stations when their cars arrive sometime after 2020, both companies announced Tuesday. Electrify America didn't provide details about the program for Lucid owners, including how much charging owners would have access to, whether it would be available via...
A certain charging cord included in a small number of 2019 Volvo XC60 crossover SUVs may overheat and shock owners, or start a fire, the automaker said this month. Volvo announced a recall for 35 Volvo XC60 T8 crossover SUVs earlier this month to replace the charging cords. The small number of affected owners should have already received a...
Are federal officials investigating Tesla CEO Elon Musk? Even more than they already may be? How much will the new 2019 Nissan Leaf cost when it goes on sale? And what about a bigger battery already? And what about Audi's anticipated all-electric model? This is our look back on the week in green cars ending Sept. 21, 2018, right here on Green Car...
Diesel is dead. At least, for Porsche it is. In a statement on the automaker's website, Porsche announced it would stop building diesel-powered cars and instead focus on electric cars. “Porsche is not demonising diesel. It is, and will remain, an important propulsion technology. We as a sports car manufacturer, however, for whom diesel has...