Continental burns cash in Q2 as sales slump by 40%
BERLIN -- Continental suffered a 40 percent year-on-year decline in group sales during the second quarter, causing the German supplier to burn cash and forcing it to refrain from providing...
Startup Chargeway looks to help EV buyers overcome charging woes
Gas stations are conspicuous and when one pulls up in a traditional car, the nozzle is sure to fit and pump fuel at a predictable, fixed speed. The biggest mystery...
Ford names new general counsel, purchasing VP
DETROIT — Ford Motor Co. on Monday appointed a new general counsel to replace Bradley Gayton and a new vice president to take over the purchasing duties of North American...
China’s auto industry faces problems with falling sales and consumer uncertainty
Detailed industrywide data is not available, but financial practices also played a part. In late 2017, national authorities in Beijing cracked down on "micro-lending," the practice of issuing unauthorized, unregulated...
Uber offers COVID-19 contact tracing help
NEW YORK -- Uber Technologies Inc. has quietly launched a service to give public health officials quick access to data on drivers and riders presumed to have come into contact...
Mercedes promises EQS will have Tesla-topping range
Mercedes-Benz will finally offer an electric range that is competitive with Tesla when it launches the EQS next year.The Daimler subsidiary says its full-electric rival to the Model S will...
Ford chooses Mobileye to pave way for enhanced driver-assist features
Ford Motor Co. is laying the underpinnings for a future that involves a trove of new and enhanced driver-assist features. The automaker said Monday it has expanded a preexisting relationship...
Ghosn takes swipe at Renault, Nissan in newspaper interview
PARIS -- Former Nissan Chairman Carlos Ghosn took a swipe at his old employers in a newspaper interview on Sunday, calling the Renault and Nissan results "pathetic," and driven as...
Former Ford exec Joe Hinrichs joins board of self-driving radar startup
More than four months after retiring as Ford Motor Co.'s automotive president, Joe Hinrichs has resurfaced on the board of a company pioneering a unique sensor for autonomous vehicles.Hinrichs, 53,...
EV maker Xpeng raises $500 million
BEIJING/HONG KONG -- Chinese electric vehicle manufacturer Xpeng Motors, backed by Alibaba Group Holding Ltd, said Monday it has raised around $500 million in its latest funding round. As enthusiasm...