Business

Volvo’s New CEO Says Carmaker Must Smarten Up on Software

Volvo Car AB needs to be more in control of the software it develops and deploys in its vehicles, the automaker’s new CEO said.

Craig Trudell | Bloomberg News
March 29, 2022
Business, Technology

Tesla Raises Prices Across Lineup

Tesla Inc. raised prices on all its vehicles after CEO Elon Musk said costs were increasing at the companies he runs.

Craig Trudell | Bloomberg News
March 15, 2022
Business, Technology, Safety

BMW Recalls Almost 1 Million Cars Over Engine-Fire Risk

BMW AG recalled more than 917,000 cars in the U.S. — most of them for a second time — over an engine ventilation system that could overheat and increase the risk of fire.

Craig Trudell | Bloomberg News
March 9, 2022
Business, Technology, Fuel

Milton Has Sold $284 Million of Nikola Stock Since Fraud Charges

Nikola Corp.’s founder sold his biggest batch of shares since the U.S. charged him with securities fraud, bringing the total he has disposed of since August to $284 million.

Craig Trudell | Bloomberg News
November 24, 2021
Business, Technology, Fuel, Autonomous

Tesla Reportedly Delays Cybertruck by a Year to Late 2022

Tesla Inc.’s Cybertruck pickup has fallen about a year behind schedule, blog Electrek reported, citing remarks CEO Elon Musk made on a companywide call with employees.

Craig Trudell | Bloomberg News
September 3, 2021
Business, Technology, Fuel, Autonomous

EV Startups Lose More Than $40 Billion After Taking SPAC Route Public

At their highs, five electric vehicle startups that went public through mergers with special purpose acquisition companies were worth $60 billion. The corrections that followed have been brutal.

Craig Trudell | Bloomberg News
May 14, 2021
Government, Business, Technology, Safety

Musk Emerges as Loud Reopen Proponent With Tesla Threats

Tesla Inc. asserts that restarting its operations in the midst of the coronavirus pandemic doesn’t make the company an outlier, nor is it going against the grain.

Craig Trudell | Bloomberg News
May 11, 2020
Business, Technology, Equipment

Elon Musk Schedules ‘Blade Runner’-Inspired Pickup Truck Unveiling for Nov. 21

Tesla Inc. Chief Executive Officer Elon Musk set a date for the debut of the electric-car maker’s first pickup and further tied the truck to the famous sci-fi movie that inspired its design.

Craig Trudell | Bloomberg News
November 6, 2019
Business, Technology, Fuel

Infiniti Will Market Cars That Still Fill Up on Gas as Electric

Infiniti bills itself as being a convention challenger, but the Nissan Motor Co. luxury-car division still sees the future of electrification much like the era of internal combustion.

Craig Trudell | Bloomberg News
November 4, 2019
Business

Tesla Loses More Executives in Midst of Musk’s Deliveries Push

Tesla Inc. executive departures are apparently picking up speed again, with reports saying the electric car maker has lost its head of Europe and a top engineering manager.

Craig Trudell | Bloomberg News
July 2, 2019