The price cut takes Tesla's Model 3 standard range to just under $37,000. The price of a base Model Y is now under $40,000.
Ford said it was investing $1 billion over the next 30 months to transform its Cologne plant into an electric vehicle facility.
The Swedish automaker Volvo has confirmed plans to shelve an initial public offering potentially worth $US30 billion. Volvo previously blamed President Donald Trump’s trade war for postponing the share sale. “There are no plans or time schedule for entering into the equity market,” Hakan Samuelsson, Volvo’s chief executive, said Wednesday […]
Volkswagen is in tatters.