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Automotive news

US regulators sue VW over emissions scandal

US stock regulators have sued Volkswagen over the emissions cheating scandal, alleging the German automaker committed fraud by raising billions in corporate bonds while lying to investors about the environmental impact of ...

dateMar 15, 2019 in Automotive
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Tesla gets $520 mn funding for first Chinese plant

Electric carmaker Tesla has won more than $520 million in loans from Chinese banks to build its first overseas car plant near Shanghai, the first foreign automaker to wholly own a factory in China.

US zooms past Europe in electric car sales

The United States overtook Europe to become the world's second largest market for electric cars last year, according to a report Wednesday that accused EU carmakers of holding back sales ahead of new emissions rules.

Tesla sets March 14 'Model Y' unveiling

Tesla is planning to unveil a new electric "crossover" vehicle March 14 which is slightly bigger and more expensive than its most affordable model, according to chief executive Elon Musk.

Electric Jaguar wins Car of the Year in Europe

The electric Jaguar I-Pace won the Car of the Year award in Europe on Monday, the first time the storied British brand has been bestowed the prize just as Brexit looms over the continent's auto industry.

Peugeot plans US return 30 years after exit

Some 30 years after exiting the United States due to plunging sales, Peugeot is preparing a return to a market where it previously knew glory at the famed Indianapolis 500.

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