General Motors says it will increase its investment and model offerings over the next five years “to expedite the transition to E.V.s.”
Tesla reported record deliveries in the third quarter as growing interest in electric vehicles and other cars boosted sales across the industry.
Most traditional carmakers are struggling to produce and market electric vehicles even as Tesla sells hundreds of thousands of its luxury models.
The electric carmaker’s deliveries fell as people around the world were forced to stay home by government orders and fears over the coronavirus pandemic.
The electric carmaker’s deliveries fell as people around the world were forced to stay home by government orders and fears over the coronavirus pandemic. But the decline was far smaller than for other automakers.
The electric carmaker’s deliveries fell only modestly as sales in China and other overseas markets nearly made up for lost sales in the United States.
He says he’ll move the headquarters of his electric car company out of California to Texas or Nevada.
The electric car company told employees to report to work Friday, but a county official said Tesla did not meet the requirements for resuming production.
General Motors says it is aiming to sell a million electric cars and trucks annually by 2025 in the United States and China.
General Motors says it is aiming to sell a million electric cars and trucks annually by 2025 in the United States and China.
After a two-month surge, the electric-car maker touched the share price offered last year in an abortive bid to take the company private.
After a two-month surge, the electric-car maker is now above the share price offered last year in an abortive bid to take the company private.
Automakers have made battery-powered cars largely to meet environmental rules. Now they’re putting more skin in the game.
The electric-car maker’s revenue declined, but it said it had removed “substantial cost” from its operations.
The electric-car maker said it delivered 97,000 cars in the third quarter, a pace that may allow it to reach the range it forecast for the year.
The pace may allow the electric-car maker to fulfill its forecast for the year. But analysts are skeptical that sales are enough to yield a profit.
The pace may allow the electric-car maker to fulfill its forecast for the year. But analysts are skeptical that sales are enough to yield a profit.
The automaker has reportedly offered to create a battery factory in the same Ohio area. But the work would pay far less than the shuttered plant.
Once the epitome of luxury, the high-end General Motors line is attempting another makeover to catch up with rivals that have overtaken it.
The carmaker delivered a record number of cars in the second quarter but is expected to have lost money because sales of higher-priced models lagged.