Tag: electric vehicles
Ford quarterly profit drops almost 26% due to $1B write-offs for canceled electric SUV
DETROIT -- Ford's third-quarter net profit fell nearly 26% as the company took $1 billion in accounting charges to write down assets for...
Volkswagen's employee council says automaker plans to close at least 3 German plants
BERLIN -- Volkswagen has informed employee representatives that it wants to close at least three plants in Germany, the head of the company's...
Tesla’s $25,000 EV flip-flop, explained
The idea of a $25,000 Tesla has persisted for years — in part, perhaps, because CEO Elon Musk said he was “very confident”...
Tesla posts surprise $2.17 billion third-quarter profit, up 17.3% from a year ago
DETROIT -- Tesla’s third-quarter net income rose 17.3% compared with a year ago as its quarterly electric vehicle sales rose for the first...
Miners are razing forests to meet surging demand for metals and minerals, report says
JAKARTA, Indonesia -- Whether it's digging for metals and minerals for cellphones and electric vehicles or coal for power generation, mining around the...