News - Auto News

Elon Musk's infamous tweet creates legal morass for Tesla

Elon Musk's infamous tweet saying he'd secured funding to take Tesla private did so much damage to so many different kinds of investors that he should have multiple class-action suits, lawyers said.

VW to spend $50.2 billion on electric, autonomous vehicles by 2023

Volkswagen Group said it will spend 44 billion euros ($50.2 billion) on electric vehicles, digitalization, autonomous driving and new mobility services by 2023. The 44 billion euro plan is 10 billion euros ($11.

Elon Musk will be back on Tesla's assembly line this month

Tesla CEO Elon Musk said he will walk the entire Model 3 production line on Nov. 27 and 28. He said all assembly areas need to be able to support making 1,000 cars per day.

Why Toyota is slowing down Camry production

Toyota is slowing down production of the Camry, the top-selling car in the U.S. for 16 years running, underscoring the ongoing slump besetting sedans.

VW invests in electrification, seeks to strengthen alliances with battery makers and rival automakers

VW's top board is due to vote on a multibillion-euro investment plan, including steps to retool three German plants to mass produce EVs and to explore alliances with battery partners and competitors.