Ford: Electric Vehicles to Be 40% of Global Sales by 2030
Ford expects 40% of its global sales to be battery-electric vehicles by 2030 as it adds billions to what it’s spending to develop them.
GM Profit Surges on Sales of Higher-Margin Pickups
DETROIT — General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips.
Ford Posts Profit, Says Chip Shortage May Cut Production 50%
DETROIT — Ford Motor Co. posted a surprising $3.26 billion first-quarter net profit on April 28, but the company said a worsening global computer chip shortage could cut its production in half during the current quarter.
NHTSA, NTSB Probe Fatal Tesla Crash With No Driver
DETROIT — Two federal agencies are sending teams to investigate the fatal crash of a Tesla near Houston in which local authorities say no one was behind the wheel.
Musk Statement on Tesla Production Raises Questions
DETROIT — Tesla CEO Elon Musk is once again drawing scrutiny for questionable comments he made to Wall Street analysts, this time involving the status of his company’s vehicle production.
NHTSA to Investigate Tesla Crash With Tractor-Trailer
DETROIT — The U.S. government’s highway safety agency is sending a team to Detroit to investigate a crash involving a Tesla that drove beneath a semitrailer.
GM Looks for Location for Second US Battery Factory
General Motors is looking for a site to build a second U.S. battery factory with joint venture partner LG Chem of Korea.
Tesla to Fix Touch Screens, Ending Spat With NHTSA
DETROIT — After initially refusing a request from U.S. safety regulators, Tesla has now agreed to recall about 135,000 vehicles because the large touch screens on the console can go dark.
GM Announces New Electric Delivery Van, Electric Pallet
The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it.
For First Time in Five Years, US Gas Mileage Down, Emissions Up
A new government report says gas mileage for new vehicles dropped and pollution increased in model year 2019 for the first time in five years.