Pelosi, Mnuchin Trade Blame as Stimulus Negotiations Stall
U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin Oct. 23 put the onus on each other to re-energize flagging stimulus talks as prospects for action on virus relief legislation before the election are fading fast.
October 23, 2020Tesla Is Recalling About 30,000 Imported Vehicles in China
Tesla Inc. is recalling about 30,000 imported Model S and Model X vehicles in China because of suspension problems, a setback for the U.S. electric-car maker just as it faces intensifying competition in the world’s largest auto market.
October 23, 2020Tesla to Start Exporting China-Made Model 3 Cars to Europe
Tesla Inc. will start exporting Model 3 cars made at its gigafactory on the outskirts of Shanghai to Europe later this month, the automaker said in a statement sent via WeChat.
October 19, 2020Amazon’s Prime Day Steals Rivals’ Black Friday Spotlight
Amazon.com Inc.’s two-day Prime Day sale kicked off on Oct. 13 and is expected to give the world’s largest e-commerce company an early advantage over brick-and-mortar rivals still contending with pandemic-spooked consumers wary of battling Black Friday crowds.
October 13, 2020Pelosi Says No Action on Airline Aid Without Bigger Stimulus
House Speaker Nancy Pelosi said Oct. 8 there could be no action on a stand-alone bill to aid airlines or any other sector of the economy without an agreement with the White House and Republicans on a broader economic stimulus package.
October 8, 2020Trump Tells Team to Stop Stimulus Talks, Halting Months of Negotiations
President Donald Trump told his negotiators to stop talks with Democratic leaders on a fiscal stimulus package, hours after Federal Reserve Chair Jerome Powell’s strongest call yet for greater spending to shore up the economic recovery.
October 6, 2020Boeing Tempers Hoopla on Max’s Return After Crisis ‘Dug a Hole’
Boeing Co. is plotting a low-key comeback for the 737 Max, the grounded jetliner that has spent almost two years engulfed in controversy and tragedy after two fatal crashes, said people familiar with the matter.
September 30, 2020Uber Weighs Purchase of BMW-Daimler Ride-Hailing Venture
Uber Technologies Inc. is considering a purchase of Daimler AG and BMW AG’s ride-hailing joint venture Free Now, a deal that could boost its market share in Europe and Latin America, people with knowledge of the matter said.
September 28, 2020Electrifying California Cars Could Crush the Grid, or Save It
Electrifying all new cars in California could be an immense burden on the state’s struggling power grid — or a whole new line of defense against blackouts.
September 28, 2020Tesla’s $25,000 Car Doesn’t Worry Biggest Rivals in China
Tesla Inc.’s plan to build a $25,000 car within the next three years doesn’t seem to have fazed China’s most-promising electric vehicle startups, with executives at the Beijing Auto Show saying Elon Musk can bring it on.
September 28, 2020