Tesla’s stock and bond prices dropped after CEO Elon Musk renewed an attack on a British caver whom he previously insulted and a day after Mercedes unveiled more EV competition for Tesla.
Uber CEO Dara Khosrowshahi said the ride-hailing company was on track to launch an initial public offering next year and had no plans to sell its self-driving car research arm.
Daimler is emerging as a beneficiary of Amazon’s booming package-delivery needs, with the e-commerce giant ordering 20,000 of the German automaker’s Mercedes-Benz Sprinter vans.
FCA US is pouring $30 million into a new testing facility for autonomous vehicles at the company’s proving grounds in Chelsea, Mich.
Ford has ended nationwide advertising for the Fiesta, Focus, Fusion and Taurus and also is dialing back spending in certain markets — even though the Fusion will stay in showrooms for now.