Markets

Tesla is now the highest-valued automaker in US history

Tesla’s recent rally pushed its market value to nearly $US85 billion at Tuesday’s close, making it the most valuable US automaker of all time. Ford previously held the record, having been valued at $US80.81 billion in 1999. Tesla is still smaller than some non-US auto companies. At Tuesday’s close, Japan’s […]
Tesla is now the highest-valued automaker in US history
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Self-driving cars may be decades away, but safety features common on Tesla and Toyota vehicles are already saving lives, a new Consumer Reports survey says

Auto companies are already using some of the technology that will underpin self-driving cars to prevent accidents today, according to a new Consumer Reports survey. The survey focused on Advanced Driver Assistance Systems (ADAS), which include features that can alert drivers to vehicles or pedestrians around them, keep vehicles from […]
Self-driving cars may be decades away, but safety features common on Tesla and Toyota vehicles are already saving lives, a new Consumer Reports survey says
Markets

Renault shares are tanking after Fiat Chrysler scrapped their mega-merger

Renault shares plunged 8% on Thursday morning after Fiat Chrysler pulled its offer for the French carmaker. French government officials on Renault’s board postponed making a decision on Wednesday. Renault wanted more time to secure the support of long-time rival Nissan. “It has become clear that the political conditions in […]
Renault shares are tanking after Fiat Chrysler scrapped their mega-merger
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The median Tesla employee made 81% more than the median American in 2018

The median Tesla employee made $US56,163 in 2018, the electric-car maker said in a proxy statement. That’s 81% more than the median American, according to the Federal Reserve Bank of St. Louis. In 2016, the last year for which data is available, the median American made $US31,099. Visit Business Insider’s […]
The median Tesla employee made 81% more than the median American in 2018
Markets

Automakers plunge as China plots retaliatory tariffs on US products

Stocks of major automakers sank on Wednesday following a retaliatory response by China that would impose the equivalent of $US50 billion worth of tariffs on US products, including automobiles. The move follows the US government’s release of an initial list of Chinese products that would be subject to roughly $US50 […]
Automakers plunge as China plots retaliatory tariffs on US products