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Business News

Business News

NewsPlexus Media
Oct 20, 2020
General Motors is expected to reveal that it will build the Cadillac Lyriq electric SUV at its factory in Spring Hill, Tennessee, when it makes a major manufacturing announcement on Tuesday.

The Daily Local - Local News

The Daily Local - Local News

Brooke Bowser
Jul 18, 2020
5 miles of roads on the Eastside of Santa Barbara have been blocked off to motor vehicles. This is part of the city’s efforts to promote alternative transportation options, such as biking and walking, across the city.

Business News

Business News

NewsPlexus Media
May 31, 2020
The U.S. auto industry's coronavirus comeback plan was pretty simple: restart factories gradually and push out trucks and other vehicles for waiting buyers in states left largely untouched by the virus outbreak. Yet the return from a two-month production shutdown hasn't gone quite according to plan. For some automakers, full production has been delayed, or it's been herky-herky, with production lines stopping and starting due to infected workers or parts shortages from Mexico and elsewhere.

Business News

Business News

NewsPlexus Media
May 19, 2020
European car sales bottomed out last month as the automotive industry faces its worst crisis in decades. Strict lockdown measures to contain the coronavirus closed most dealerships across the continent for the full month of April amid a precipitous drop in consumer spending, causing sales to collapse by an unprecedented 76%, the ACEA car manufacturers' association said Tuesday.

Business News

Business News

NewsPlexus Media
May 19, 2020
More than 130,000 autoworkers returned to factories across the U.S. for the first time in nearly two months Monday in one of the biggest steps yet to restart American industry, while an experimental vaccine against the coronavirus yielded encouraging results in a small and extremely early test. Stocks rallied on the vaccine news and signs that the worst of the crisis has passed in many countries. The Dow Jones Industrial Average soared about 900 points, or nearly 4%.

Business News

Business News

NewsPlexus Media
May 10, 2020
Tesla CEO Elon Musk threatened Saturday to pull the company's factory and headquarters out of California and sued local officials who have stopped the company from reopening its electric vehicle factory. In a lawsuit filed in federal court, Tesla accused the Alameda County Health Department of overstepping federal and state coronavirus restrictions when it stopped Tesla from restarting production at its factory in Fremont.

Headline Stories

Headline Stories

NewsPlexus Media
Apr 17, 2020
European car sales tanked last month amid strict lockdown measures to contain the coronavirus that shut down dealerships for at least half of March and dried up consumer spending. The European carmaker's association, ACEA, said Friday that new car registrations ''recorded a dramatic drop'' of 55% to 567,308 units.

Business News

Business News

NewsPlexus Media
Mar 20, 2020
Concerns about the spreading coronavirus forced most of North America's auto plants to close, at least temporarily. Ford, General Motors, Fiat Chrysler, Honda, and Toyota said they would shut down all factories in the region, citing concerns for employees who work in close quarters building automobiles. Nissan will close U.S. factories. Hyundai shut down its Alabama plant after a worker tested positive for the virus.

Climate Matters

Climate Matters

NewsPlexus Media
Feb 6, 2020
Britain announced Tuesday that it plans to ban the sale of new gas and diesel cars by 2035 — five years earlier than its previous target — in a bid to speed up efforts to tackle climate change. The announcement was timed to coincide with the launch of Britain's plans for the United Nations' climate summit, known as COP26, which is scheduled to be held in Glasgow in November.

Business News

Business News

NewsPlexus Media
Feb 6, 2020
Eight months after it seemed headed for the corporate junkyard, Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in a whole year. In a reversal of fortune analysts find amazing if not nutty, the stock of the electric vehicle and solar panel maker has rocketed to nearly $900, up over 30% in just the past two days.