Daimler and Qualcomm to develop wireless charging for electric cars
Daimler, parent company of Mercedes-Benz, announced a partnership with Qualcomm Inc to develop wireless charging for electric vehicles and enhance the in-car experience with high-speed 3G/4G...
GM investing $439 million in its Chevrolet Corvette plant
General Motors is investing $439 million in its Chevrolet Corvette plant, located in Bowling Green, Kentucky.
GM will create a 450,000 square-foot paint shop, almost...
GM could face hefty criminal charges because of faulty switches
General Motors could face hefty criminal charges after because of identified criminal wrongdoing after a federal investigation looked into a defect linked to at...
GM investing $1 billion in its Warren Technical Center
General Motors Co. announced that it will be investing $1 billion to upgrade and renovate its Warren Technical Center near Detroit.
The automotive giant plans...
Volvo to open first US factory in South Carolina
Volvo announced that it will be building its first factory in the U.S. near Charleston, South Carolina.
The Swedish automaker is spending $500 million on...
Uber makes bid for Nokia’s “HERE” mapping business
Uber Technologies has made a bid for Nokia's “HERE” mapping business, according to a new report.
The New York Times said, citing “three people with...
Tesla reports first quarter revenue of $939.9 million, profit loss widens
Tesla Motors Inc posted strong car sales for the first quarter, but still saw profit loss.
On Wednesday, the Palo Alto electric car company reported...
Price of 2016 Chevrolet Volt cut by $1,200 down to $27,320
General Motors is dropping the price of its upcoming plug-in hybrid car, the 2016 Chevrolet Volt, by nearly $1,200.
The base price of the new...
Fiat Chrysler sales in the US increased 6 percent in April
Fiat Chrysler Automobiles posted a 6 percent increase in US sales last month.
The company sold 189,027 vehicles in the US in the period, marking it...
Ford expects 2015 to be “a breakthrough year” for profits
Despite lackluster net income in the first quarter, Ford expects performance to improve this year.
The automotive giant expects full-year pretax profit of $8.5 billion...