Business, Technology, Autonomous

Panasonic Scraps Solar Panels Partnership With Tesla

TOKYO — Panasonic is pulling out of its partnership with Tesla to produce solar panels at a factory in New York state, the Japanese electronics maker said Feb. 26.

February 26, 2020
Business

Peugeot Maker Sees Record Profit, but Coronavirus Clouds Horizon

PARIS — Despite record profits last year, Peugeot maker PSA Group said Feb. 26 it lost 700 million euros ($760 million) in China — and that was before the new virus hit a key manufacturing center.

February 26, 2020
Business

Moody’s Downgrades Auto Sales Forecast on Coronavirus Fears

FRANKFURT, Germany — Ratings agency Moody’s is lowering its forecast for global auto sales because of the new coronavirus outbreak.

February 26, 2020
Business, Fuel

Energy Agency: Virus to Cause First Oil Demand Decline in Decade

The International Energy Agency expects demand for oil to fall in the first quarter as a result of the virus outbreak that emanated in China. Any fall would represent the first quarterly decline in a decade.

February 13, 2020
Business, Technology, Fuel, Autonomous

Fiat Chrysler in Talks With Foxconn to Develop Electric Cars

MILAN — Fiat Chrysler is in talks with the Chinese company Foxconn to develop and manufacture battery-powered vehicles, the U.S.-Italian automaker said Jan. 17.

January 17, 2020

Think Tank Says UAW Deals Increased Automakers’ Labor Costs

DETROIT — New contracts between the United Auto Workers union and Detroit’s three automakers substantially increased the cost gap between Detroit and foreign automakers with U.S. factories, an industry think tank says.

January 15, 2020
Government, Business, Fuel

China’s Economy Czar Coming to Washington to Sign Trade Deal

China’s economy czar will visit Washington the week of Jan. 13 for the signing of an interim trade deal, the government said Jan. 9.

January 9, 2020
Government, Business, Safety

U-Haul Won’t Hire Nicotine Users in 21 States

NEW YORK — U-Haul said that it won’t hire nicotine users in the 21 states where it is legal to do so, saying that it wants to ensure a “healthier workforce.”

January 3, 2020
Business, Technology, Fuel, Autonomous

Tesla 2019 Sales Hit Goals, Rise Over 50% From Previous Year

DETROIT — Tesla Inc.’s global deliveries rose more than 50% last year, meaning the company surpassed the low end of its sales goals for 2019.

January 3, 2020
Government, Business, Technology, Fuel

Turkish Leader Unveils Prototypes of Electric Car

ANKARA, Turkey — Turkish President Recep Tayyip Erdogan on Dec. 27 unveiled prototypes of a domestically produced electric car, putting him closer to fulfilling a long-held dream of building Turkey’s first “national” automobile.

December 27, 2019