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Tesla performance opens door to Elon Musk payday

Tesla has hit financial marks that let its colorful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said Thursday.

Renault to cut 15,000 jobs in 'vital' cost-cutting plan

Carmaker Renault said Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.

VW spending $2.2B to expand in China's electric car market

Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus ...

Spain says Nissan closing Barcelona factory

Japanese carmaker Nissan has decided to shut its factory in Barcelona where 3,000 people are employed after four decades of operations, the Spanish government said on Thursday.

Renault-Nissan-Mitsubishi deepen their alliance

Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen their alliance, a top global producer of cars, that only months ago seemed on the verge of breakup.

Amazon may buy robo-taxi startup Zoox: WSJ

Amazon is in talks to buy robo-taxi startup Zoox, accelerating its efforts when it comes to self-driving vehicles, the Wall Street Journal reported on Tuesday.

Engineers develop near-zero emissions engine technology

Southwest Research Institute engineers have developed the next generation of clean diesel engine technology to reduce hazardous nitrogen oxides (NOx) and carbon dioxide emissions while minimizing fuel consumption. Working ...

Can interactive technology ease urban traffic jams?

Traffic congestion is a serious problem in the United States, but a new analysis shows that interactive technology—ranging from 511 traffic information systems and roadside cameras to traffic apps like Waze and Google Maps—is ...

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