Tesla Cybertruck launches at $60,990 — a big price hike from original plan
CEO Elon Musk said the pickup beats rivals in towing capacity and acceleration. Musk delivered the first Cybertrucks to customers at the automaker’s Austin, Texas, factory.
Supplier AMS Osram refocuses on automotive lighting in turnaround plan, CEO says
Austrian lighting and sensor supplier AMS Osram sees increased revenue from advanced LED technology as one of the key pillars of its financial turnaround, its CEO said.
GM says EVs won't be losing money for long
General Motors expects its EVs to bring in more money than they cost to build by late 2024 and have mid-single-digit EV margins in 2025, including the benefit of federal tax credits, CFO Paul Jacobson said.
Nissan to offshore next-gen Leaf EV production
The decision to pull next-gen Leaf production from the U.S. would make the EV ineligible for federal tax incentives and threaten Nissan’s EV comeback effort in the world’s second-largest auto market.
China's BYD, MG give 2024 Geneva auto show a boost
The presence of two big Chinese brands, BYD and MG Motor, could help to make up for the loss of some top automakers such as VW, Stellantis and BMW.