(Bloomberg) — After a torrid rally that saw shares more than double since early May, Tesla Inc. is taking a pause on Wednesday, even as the broader market rises on the hopes for a coronavirus vaccine. Tesla shares dropped as much as 3.9% to $1,457 in New York on Wednesday, […]
TOKYO (AP) — Nissan unveiled an electric crossover vehicle Wednesday, the Japanese automaker’s first major all-new model since getting embroiled in the scandal surrounding its former chairman, Carlos Ghosn. At its global premiere in Yokohama, Japan, the new vehicle, “Ariya” was billed as “a new chapter for Nissan.” The event […]
Shoppers crowd to get into the Niketown store on Oxford Street – Matt Dunham/AP If you want to receive twice-daily briefings like this by email, sign up to the Front Page newsletter here. For two-minute audio updates, try The Briefing – on podcasts, smart speakers and WhatsApp. Big crowds: Inside England’s first day […]
(Bloomberg Opinion) — With the $28 billion he’s raised working from home, India’s richest man wants to step into the breach created by the technology cold war between America and China. The two Silicon Valley tech giants that gave him a third of the money will help put him there. It’s an audacious […]
Jeff Bezos, left, and Elon Musk. REUTERS/Joshua Roberts Tesla CEO Elon Musk called Amazon CEO Jeff Bezos a copycat on Friday after news broke of Amazon’s reported $1.2 billion acquisition of the self-driving startup Zoox. The tweet used a yellow cat icon instead of the word cat. Amazon’s acquisition is […]
(Bloomberg) — Nintendo Co. is retreating from the $77 billion mobile gaming arena after disappointing results deflated once-lofty ambitions, ending a multiyear effort just as the market goes through an unprecedented Covid-era boom. President Shuntaro Furukawa proclaimed two years ago that smartphone games would be a $1 billion business with […]
Transportation is the fourth-largest household expenditure in the U.S. behind only housing, healthcare and food. In fact, transportation gobbles up about one-fifth of the average family’s total budget, according to the Energy.gov website. The good news is there are ways to keep car costs down from the moment you walk […]
From Road & Track Welcome to The Grid, R&T’s quick roundup of the auto industry and motorsports news you should know this morning. FCA and PSA Will Be Called Stellantis When Merger Is Complete The 50:50 merger of Fiat Chrysler and Peugeot parent PSA is still moving forward, and now […]
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