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  • Newswire

    Tesla Hikes Share Offering to $642.5 Million  

    The electric-vehicle maker says it will offer 2.7 million shares valued at $642.5 million, nearly 30% higher than the $500 million sale announced Thursday....More
  • Newswire

    UPDATE 3-Musk to invest $20 mln in Tesla's $500 mln share sale  

    (Adds Breakingviews link) By Sagarika Jaisinghani and Arunima Banerjee Aug 13 (Reuters) - Tesla Motors Inc CEO Elon Musk will invest $20 million as part of the company's $500 million stock offering in a show of confidence at a time when the electric car maker is burning through cash. Tesla said on Thursday it would use the proceeds from the sale to help fund its upcoming Model 3 project and its battery gigafactory in Nevada. (http://bit.ly/1TuIQJa)...More
  • Newswire

    Audi, Samsung, LG Team to Develop EV Batteries  

    The companies say they will develop batteries for electrically powered SUVs with a range of more than 500 km (300 miles) per charge....More
  • Newswire

    Former Exec With Chinese Automaker FAW Ousted From Communist Party  

    Authorities with China's anti-corruption agency accuse Xu Jianyi, who headed one of the country's leading state-owned automakers, of embezzlement, accepting bribes and nepotism....More
  • Newswire

    CORRECTED-Ford moves commercial truck production to Ohio from Mexico  

    (Corrects name of plant location to Avon Lake, not Avon Park) DETROIT, Aug 12 (Reuters) - Ford Motor Co on Wednesday will start building its medium-duty F-650 and F-750 commercial trucks at a Cleveland-area plant, moving production out of Mexico for the first time....More
  • Newswire

    Ford Takes Aim at India With Figo Compact Car  

    The automaker looks to the Figo to grow its minuscule share of the Indian market while applying engineering techniques used in developing the B-segment car to products for other emerging markets....More
  • Newswire

    BMW Sales Up 5.6% in July  

    The luxury automaker says sales in China fell 6.2% year-over-year, but an 11.3% gain in Europe and a 2.1% uptick in the U.S. put its July result in positive territory....More

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