FRANKFURT, Germany — Automaker Volkswagen is accelerating its move into battery-powered cars, saying it will reach its goal of 1 million electric cars per year two years earlier than planned.
December 27, 2019Search
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GM, Tesla Head for New Year Without Electric Vehicle Tax Credits
General Motors Co. and Tesla are about to become the first automakers that will have to sell EVs without the benefit of a $7,500 federal tax credit.
December 27, 2019Rust Belt Region Banks on Becoming Hub for Electric Vehicles
The day Youngstown’s steel mills began shutting down 40 years ago remains fresh in the minds of those who live in the blue-collar corner of Ohio. Community leaders don’t want the recent closing of General Motors’ massive assembly plant to leave that same lingering gloom.
December 27, 2019NYC Creeps Ahead on Congestion Fees, Raising Doubts on Deadline
Tolls on motorists entering midtown Manhattan promise to alter everyday life for millions of people in the most populous U.S. city. Yet with the fees slated to begin in a year, the panel empowered to set pricing and other policies has yet to be created.
December 27, 2019Diesel Dips 0.5¢ to $3.041 Per Gallon; Oil Price Creeps Higher
The U.S. average retail price of diesel dipped 0.5 cent to $3.041 a gallon, the Department of Energy reported Dec. 23.
December 23, 2019Electric-Truck Maker Rivian Raises $1.3 Billion in New Funding
Rivian Automotive Inc., the electric truck maker already backed by Amazon.com and Ford Motor Co., raised another $1.3 billion from investors led by T. Rowe Price to support the rollout of its debut vehicles next year.
December 23, 2019Tesla Tops Elon Musk’s $420 Milestone for First Time
Tesla Inc. climbed above $420 for the first time Dec. 23 as fresh financing arranged from banks in China added to optimism supporting a monthslong rally.
December 23, 20192019: Freight Market Slowdown, Tariffs Diminished Trucking Industry's Performance
If 2018 was one big party for the trucking and freight business, 2019 was the day after the party.
December 20, 2019Canadian Crude-by-Rail Shipments to Surge, Spurring Investment
Canadian shipments of crude by rail are poised to surge next year, spurring investment in new export infrastructure.
December 19, 2019Amazon’s Van-Buying Spree Delivers a Gift to Auto Industry
The Amazon.com vans parked outside apartment buildings and along suburban cul-de-sacs aren’t just bearing gifts to online shoppers this holiday season. The e-commerce giant’s home-delivery push has been a boon to automakers, too.
December 19, 2019