Elon Musk: Tesla's Austin, Berlin car plants "losing billions of dollars"

The Austin factory is "losing insane money" as it faces battery challenges, he said.

Carmakers shut factories and freeze sales as invasion fallout spreads

Ten major car and motorcycle groups announced factory closures or froze sales to Russia. Porsche and BMW became the latest carmakers to shut European plants because of a lack of parts from...

Ford reconsiders India after halting production, this time for EVs

Ford is considering producing electric vehicles (EVs) in India for export. The move comes after the U.S. automaker decided to stop making cars in India. The decision came as a setback for Prime...

Retooling auto plants for EVs will cost billions. Biden wants to help

Retooling auto plants for EVs will cost billions. Retooling car plants for electric vehicles will cost $1.5 billion to $3 billion. The cost of electric vehicles is expected to rise to $10 billion...

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