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Musk urges Tesla staff to pinch pennies, buoy surging shares

Musk urges Tesla staff to pinch pennies, buoy surging shares

The carmaker’s stock has skyrocketed almost 600 percent this year, in part on expectations it could join the S&P 500 Index -- it will on Dec. 21 -- and also helped by the fifth consecutive quarter of profit posted in October.


BMW joins forces with Siemens, SAP, Bosch to build German auto data alliance

BMW joins forces with Siemens, SAP, Bosch to build German auto data alliance

The alliance will enable automakers and their suppliers to identify output bottlenecks or parts shortages, helping them to avoid some of the production outages seen earlier this year due to coronavirus lockdowns.


VW brand ends its racing operations, shifts staff to work on EVs

VW brand ends its racing operations, shifts staff to work on EVs

The brand's motorsport unit, employing 169 people, will be folded into the parent company in the coming months.


VW

VW's top board said to avoid decision on CEO's future

Discussions about extending the contract of Herbert Diess and his selections for top management posts will continue in the coming days, people familiar with the matter said.


Hyundai promises 310-mile range, sporty driving with new EV platform

Hyundai promises 310-mile range, sporty driving with new EV platform

Hyundai said the EV system has been developed to achieve long range, dynamic driving and low energy consumption. Its rear- and all-wheel drive layouts, with wheels pushed to the edges, accommodates a range of body types, from sedans and crossovers to performance cars.


Brockman lawyers, citing client

Brockman lawyers, citing client's declining health, want case tried in Texas

A hearing is scheduled for Dec. 15 to consider a request to move the federal government's tax fraud case against former Reynolds and Reynolds CEO Bob Brockman from California to Texas.


Sonic Automotive CEO David Smith to plead not guilty to assault charges

Sonic Automotive CEO David Smith to plead not guilty to assault charges

Smith, whose case will move to Mecklenburg County Superior Court in North Carolina, faces charges including felony assault by strangulation.


Automakers pledge to work with Biden to reduce emissions

Automakers pledge to work with Biden to reduce emissions

The Alliance for Automotive Innovation, representing General Motors, Volkswagen, Toyota, Ford and most major automakers, said after a meeting Tuesday that it "looks forward to engaging with the incoming Biden administration."


Audi of America names Toyota vet, tech founder as new VP of strategy

Audi of America names Toyota vet, tech founder as new VP of strategy

Sara Whiffen, 47, will begin immediately in the newly created role, reporting to Audi of America President Daniel Weissland, the brand said.


Waymo

Waymo's self-driving systems will be vetted at two proving grounds

Waymo said it will expand testing of its fifth-generation self-driving technology to new closed-course facilities in East Liberty, Ohio, and Menlo Park, Calif.