Fisker, the electric vehicle startup, filed for Chapter 11 bankruptcy Tuesday. The real surprise is that it stuck around as long as it did.
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Its biggest union announced Wednesday that it will stage a one-day walkout on June 7 with workers using their paid annual leave.
Toyota is partnering with petroleum firms to develop carbon-neutral fuels and make them available in Japan by 2030.
The company started operating some fully driverless robotaxi rides in September 2023, and said 45% of Q4 orders were fully driverless models.
EVs cost double to operate, can travel half as far, and require recharging, which isn’t ideal for an industry operating on thin margins.
Authorities are concerned about regional banks piling too heavily into longer-yielding government bonds in recent months.
Cars with Drive Pilot are only available for sale in California and Nevada, and even there it only works on certain freeways.
The top 50 companies in the index have seen a collective 4.5% skid so far in April, while the bottom 50 have slipped 8.6%.
Shares are at a 15-month low amid a pile-up of bad news, as analysts call for a course correction, and production woes continue to mount.
Ford is offering a $1,500 rebate to Tesla owners who may not want to wait around until 2025 for a pricey Cybertruck.
The bank plans to take its profits off the table and repurpose them for new investments — primarily in energy and firms listed in Japan.
Elon Musk’s Tesla wrangled the crown of the world’s top EV seller away from China’s BYD this quarter, but it’s not taking any victory laps.
Investment firm Fidelity has once again cut the value of its Blue Chip Growth Fund’s position in Elon Musk’s X.
An insurance nonprofit found that claims about autonomous driving safety don’t measure up.
Persistent optimism about an economic soft landing has buoyed investors’ hopes about companies of all sizes.
Despite record highs, the region’s equities markets have fallen behind the US in star power, trading volume, and IPOs.