Fiat Chrysler to Pay $40 Million Fine for Overstating Sales Numbers
DETROIT — Fiat Chrysler is paying $40 million to settle with U.S. securities regulators who say the automaker misled investors by overstating its monthly sales numbers over a five-year period.
September 27, 2019GM Reverses Course, Says Strikers Will Keep Health Coverage
DETROIT — General Motors now says striking workers will get company-paid health insurance, nine days after telling the union that coverage would be cut off.
September 26, 2019Ford Extends Transmission Warranty for 560,000 Fiestas, Focuses
DETROIT — Ford is extending the warranties on about 560,000 small cars in the United States and Canada to cover a litany of problems with a troubled 6-speed automatic transmission.
August 14, 2019CARB, Four Automakers Reach Deal That Circumvents White House, Sources Say
Four major automakers have reached a secret deal with California to increase gas mileage and greenhouse gas emissions standards, bypassing the Trump administration’s plan to freeze standards at 2021 levels, according to two people briefed on the matter.
July 25, 2019NTSB: Autopilot Was in Use Before Tesla Hit Semitrailer
DETROIT — A Tesla Model 3 involved in a fatal crash with a semitrailer in Florida on March 1 was operating on the company’s semi-autonomous Autopilot system, federal investigators have determined.
May 17, 2019Automakers Recall 1.7 Million Vehicles With Potentially Lethal Air Bags
DETROIT — Subaru, Tesla, BMW, Volkswagen, Daimler Vans, Mercedes and Ferrari are recalling about 1.7 million vehicles to replace potentially deadly air bag inflators made by Takata Corp. of Japan.
February 8, 2019Polar Vortex Exposed Range Limitations of Electric Car Batteries, AAA Says
DETROIT — Cold temperatures can sap electric car batteries, temporarily reducing their range by more than 40% when interior heaters are used, a new study found.
February 7, 2019Driver-Assist Systems Don’t Always Work, AAA Tests Show
DETROIT — Testing by AAA shows that electronic driver-assist systems on the road today may not keep vehicles in their lanes or spot stationary objects in time to avoid a crash.
November 16, 2018Tesla CEO Musk Tells Newspaper He’s Cracking Under Stress
What do you do when your CEO confesses that he’s cracking under the stress of his job? That’s the question that the nine board members of electric car and solar panel maker Tesla Inc. must answer after Elon Musk, the company’s impulsive leader, admitted to The New York Times that work is rattling his nerves in what he described as the most “difficult and painful year of my career.”
August 17, 2018Tesla Burns $739.5 Million in Cash on Way to Record 2Q Loss
Electric car maker Tesla Inc. burned through $739.5 million in cash last quarter, paving the way to a company record $717.5 million net loss as it cranked out more electric cars.
August 3, 2018