Report: Richest 25% Buy 56% of EVs in Norway

August 15, 2019 at 4:19 PM

The wealthiest 25% of households in Norway bought more than half the new electric cars purchased there last year, according to Statistics Norway.


Former Google Marketing Exec Joins Uber

August 15, 2019 at 4:12 PM

Uber Technologies Inc., which cut its marketing staff by one-third last month, has hired Thomas Ranese to head the ride-hailing company's downsized market and branding team.


UPS Buys Stake in Autonomous Trucking Company

August 15, 2019 at 3:27 PM

United Parcel Service Inc. has acquired an unspecified minority stake in TuSimple Inc., a San Diego-based startup that supplies autonomous driving technology for commercial truck applications. 


Scoop Ride-Sharing Raises $60 Million

August 15, 2019 at 2:55 PM

California-based startup Scoop Technologies Inc. has raised $60 million in its latest funding round to more than double the ride-sharing firm’s investment total to $106 million.


U.S. Manufacturing Slowed in July

August 15, 2019 at 1:18 PM

Output by U.S. manufacturers shrank 0.4% in July, deepening the decline since December to 1.5%, according to the Federal Reserve.

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Options Add Up on 2020 Corvette

August 15, 2019 at 12:58 PM

General Motors Co. will offer three trim levels for the all-new mid-engine Corvette Stingray and a host of options that can add more than $20,000 to the sticker prices.


China EV Startup Nio Plans New Staff Cuts

August 15, 2019 at 11:45 AM

Chinese electric car startup Nio Ltd. confirms the company will launch a new round of staff cuts but is unclear about the magnitude.


Rivian-Based Ford EV an SUV?

August 15, 2019 at 11:20 AM

Ford Motor Co. has finalized most of the engineering details for the all-electric vehicle it is developing with Rivian Automotive LLC, Ford CEO Jim Hackett tells Motor Trend.


CEO at Carbon Fiber Supplier SGL Resigns

August 15, 2019 at 10:57 AM

Juergen Koehler, the CEO of carbon fiber supplier SGL Group, will leave the company at the end of August after the supplier scrapped its business plan and slashed its outlook.

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Dodge Revs Up 50th Anniversary Charger Daytona

August 15, 2019 at 10:02 AM

Fiat Chrysler Automobiles NV’s Dodge unit is reviving the Charger Daytona nameplate with a limited-edition model to celebrate the 50th anniversary of the race car’s debut.


Audi E-tron First EV to Earn Top IIHS Safety Rating

August 15, 2019 at 1:51 AM

Audi AG’s e-tron crossover vehicle has become the first electric car to win the Insurance Institute for Highway Safety’s highest safety rating.


Federal Corruption Probe of FCA Spreads to GM

August 15, 2019 at 1:37 AM

Federal prosecutors have charged another former United Auto Workers union executive—this one with links to General Motors Co.—in a continuing investigation into bribery and illegal kickbacks in Detroit.