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Volvo employees work in the final assembly building at the first U.S....

Volvo Cars CEO says auto tariffs threaten jobs at new U.S. plant

BERKELEY COUNTY, South Carolina (Reuters - Chinese-owned Volvo Cars opened a new auto factory in South Carolina on Wednesday as company executives warned that the U.S.-China trade dispute could undermine plans to create up to 4,000 more auto jobs in the heavily Republican state.


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FILE PHOTO: The Porsche Logo is seen in Gilching near Munich

Porsche acquires acceleration expertise with Rimac stake

German sportscar maker Porsche said it was taking a 10 percent stake in Rimac Automobili, a Croatian start-up sportscar manufacturer which has developed a battery-powered car capable of accelerating to 400 kilometers an hour.

FILE PHOTO: SpaceX founder Musk at a press conference following the first...

CEO Musk emails staff alleging employee 'sabotage'

Tesla Inc Chief Executive Elon Musk said on Monday in an email to staff that an unnamed Tesla employee had conducted "extensive and damaging sabotage" to the company's operations including allegedly making unspecified code changes to its manufacturing operating system and sending what the email said was sensitive Tesla data to unnamed third parties.

The Ford logo is pictured at the Ford Motor Co plant in Genk

Ford says fuel cell venture with Daimler will close

Ford Motor Co and Daimler AG are winding down a joint venture formed to develop automotive fuel cell technology, Ford said on Wednesday, as both companies plan to take their respective fuel cell technology development in-house.

FILE PHOTO: SpaceX founder Musk smiles at a press conference following the...

Elon Musk buys 72,500 of Tesla shares

Tesla Inc Chief Executive Officer Elon Musk bought 72,500 shares of the company's common stock, a regulatory filing http://bit.ly/2t4K2sY showed on Wednesday.

The logo of Tesla is seen in Taipei

Breakingviews - Tesla job cull is more signal than maneuver

Tesla’s big-ideas man is sweating the small stuff. Chief Executive Elon Musk told employees on Tuesday that the $60 billion electric-car maker will cut 9 percent of its staff, in an acknowledgement that it’s hard to change the world while not being sustainably profitable. It’s more of a signal than an actual maneuver, but it matters, particularly to the financial community Musk has at times alienated.