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Tesla founder Musk visits China as competitors show off new electric vehicles at Beijing auto show

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Latest Stories

  • Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlays

    DETROIT (AP) — Investors are punishing automakers' stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices, just as the companies are having to spend huge sums to make new electric and gas vehicles.

  • I Have Driven Over 250 Car Models: These Are the 3 Best and Worst for Your Money

    With so many models and options on the market, choosing the right car for your money isn't easy. The wrong choice leaves you trapped in a money pit, draining your finances with repair costs, poor gas...

  • Ferry operator's ban on recalled EVs highlights need for more safety rules, experts say

    A decision by an Ontario ferry operator to ban recalled Chrysler Pacifica plug-in hybrids from its boats has highlighted the potential fire risk posed by electric vehicles — and some experts say governments and businesses need to do more to establish safety standards for their use and storage.The risk of EV fires appears to be low, and vehicle makers have been responsive to the problems that have emerged, said George Iny, the president of the Automobile Protection Association.But EV fires, when

  • Toyota to build EV battery plant for Lexus cars, Nikkei reports

    TOKYO (Reuters) -Japan's Toyota Motor plans to build a battery plant for electric vehicles in the southwestern prefecture of Fukuoka and supply its batteries to a factory that makes luxury Lexus brand cars, the Nikkei business daily reported on Friday. The world's top-selling automaker would seek to make the island of Kyushu where Fukuoka is located a central part of its supply chain for battery-powered vehicles and an export base for Asia, the newspaper said. A Toyota spokesperson said the company was aware of the report, but that it was not something it had announced.

  • Nissan cuts output at top Japanese plant, sources say

    Nissan cut planned production by a third at its top Japanese plant this month, a move that will also see it slash output of a flagship crossover model, two people said, as it struggles with weak U.S. demand for its ageing line-up. The Japanese automaker on Thursday reported an almost complete wipe-out in April to June profit and cut its full-year outlook after it was forced to offer deep discounts in the U.S., highlighting the deepening risk it faces in its largest market. Unlike rivals Toyota and Honda, Nissan doesn't offer hybrid models in the U.S. and therefore hasn't benefitted from recent upswing in demand from U.S. consumers for hybrids as enthusiasm around EVs has cooled.

  • Chevy Corvette ZR1: A fast history of the fastest Corvette

    The new Chevy Corvette ZR1 comes storming onto the scene in 2025 with 1,064 horsepower. Here's a look back at five generations of Chevy's fastest 'vettes.

  • 7k-Mile 2011 Porsche 911 GT2 RS Available on Bring a Trailer

    Grab this super rare Porsche.

  • 2025 Chevrolet Corvette ZR1 packs twin-turbo, 1,064-hp V8

    The 2025 Chevy Corvette ZR1 is the ultimate performance 'vette, packing 1,064 horsepower thanks to a twin-turbocharged, flat-plane crank V8.

  • Nissan's Q1 profit plunges 99% as US discounts shred margins

    STORY: Nissan slashed its annual outlook Thursday after reporting a 99% plunge in first-quarter profits.That’s as deep discounting in the U.S. shredded the Japanese automaker’s margins. Nissan’s shares fell following the results, which were far short of analyst expectations.Operating profit for April-June was just $6.5 million.That was just a fraction of the roughly $1 billion profit predicted ahead of the results. It marks Nissan’s worst quarterly performance in more than three years.While global sales remained even year-on-year at 787,000 vehicles, the profit from those sales was hit by an increase in discounts and marketing costs. That’s as Nissan tried to ride out intense competition, particularly in the U.S. The automaker, which has struggled in the U.S., said sales there were also hurt by an aging portfolio and a market shift to hybrid vehicles. However, the firm's CEO told Reuters that Nissan plans to bolster sales with fresh models in the second half of the year. Despite this, investors will now likely worry about the car maker's outlook in the United States.That concern adds to Nissan’s woes in China, where it has seen tough competition from domestic rivals.Shares in the company tumbled around 11% at one point before finishing down 7% - their biggest one-day decline since February.

  • Japanese automaker Nissan lowers its profit forecast amid incentive, inventory woes

    TOKYO (AP) — Nissan lowered its full fiscal year outlook on Thursday, as the Japanese automaker reported a 73% decline in profit in the April-June quarter compared to the previous year.

  • Céline Dion Fans Won't Believe How Much She’s Getting Paid by the Olympics

    Céline Dion and Lady Gaga are performing a duet at the 2024 Paris Olympics opening ceremony. Here's how much they are reportedly being paid for one song.

  • Kamala Harris' Press Release About Donald Trump's Fox News Appearance Is Going Viral

    "Something about the question mark after 'old and quite weird' is taking me out."

  • Harris Taunts Trump After He Backs Out of Debates

    “What happened to ‘any time, any place’?”

  • Ana Navarro just posted a racy throwback pic of Melania — and the Internet has opinions

    The GQ spread appeared in 2000

  • Stephen Colbert Taunts Trump With Absolutely Brutal Reminder About Melania

    The "Late Show" host mocked the former president over one curious claim.

  • Company halts construction of $2.7B battery project in eastern Ontario

    After breaking ground in 2023, the company building a plant to produce battery components for electric vehicles in a municipality near Kingston, Ont., says it's delaying construction of the plant citing a slowdown in EV sales.In a statement to CBC News, Umicore Rechargeable Battery Materials Inc. said Friday that its project in Loyalist Township is impacted by the "significant worsening of the EV market context and the impacts this has on the entire supply chain." The project carried a total pri

  • Harris Campaign Trolls ‘78-Year-Old Criminal’ Donald Trump After Fox News Appearance

    Kamala Harris’ campaign trolled Donald Trump after his appearance on Fox News Thursday morning with a statement attacking his age and criminal conviction.The Republican gave his two-cents to Fox & Friends on a range of issues over the course of a roughly 30-minute interview, variously describing President Joe Biden as a “problemmed man” and slamming Harris as “real garbage.” Harris for President quickly hit back, releasing a: “Statement on a 78-Year-Old Criminal’s Fox News Appearance.”“After wat

  • Trump Responds To Claims He's 'Cognitively Challenged' In Bafflingly Weird Way

    The former president brought it up twice during a rally in North Carolina.

  • Prince Harry reveals real reason he won't let Meghan Markle return to the UK

    Prince Harry has revealed the terrifying reason he won't bring his wife the Duchess of Sussex, to the UK, in a shocking new interview. Find out more here...

  • Prince William Removes Queen Camilla's Sister from Royal Payroll: All About Her Former Job

    King Charles brought Annabel Elliot in as the chief designer of his estates following his marriage to the future Queen Camilla in 2005