Tesla close to rolling out car with ‘million mile’ battery: report

Tesla is getting closer to unveiling its first-ever “million mile” car battery. The electric automaker by early next year plans to roll out Model 3 sedans containing a new lower-cost, longer-life battery in China, according to Reuters. The upgraded batteries, which CEO Elon Musk has long teased investors and rivals with, are designed to last […]

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General Motors stalls dividend and share buybacks to conserve cash

General Motors said on Monday the automaker has suspended its quarterly cash dividend on its common stock and its share buybacks to save cash in the face of the coronavirus crisis that has severely hurt global automobile sales. Shares of GM were trading 1.3 percent lower in late-morning trading, at at $21.67. “We continue to […]

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Hyundai joins Kia in another recall to prevent engine fires

Hyundai is joining affiliated automaker Kia in yet another U.S. recall for problems that could cause engine fires By The Associated Press March 4, 2020, 8:39 PM 2 min read DETROIT — Hyundai is joining affiliated automaker Kia in yet another U.S. recall for problems that could cause engine fires. Hyundai said Wednesday that it’s […]

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