News - Auto News

Tesla Model 3 critic flips view, sees possible 30% profit margin

The rollout of Tesla's Model 3 electric sedan over the last year was plagued by delays and doubts over whether it could ever be profitable. Now, one of car's early critics has changed his view.

Self-driving bill critics oppose maneuver to clear Senate

Safety and consumer advocates are urging senators to reject a parliamentary maneuver to secure passage for stalled legislation governing self-driving cars.

Mobiliti acquires subscription service Condor Detroit

In a push to expand its subscription offerings as it makes its foray into Michigan, app-based Mobiliti has acquired subscription service Condor Detroit.

U.S. online travel giant invests $500 million in China's Didi

Chinese ride-hailing app Didi has received a $500 million investment from U.S. travel firm Booking Holdings, in a boost for its aggressive plan to enter new markets outside of China.

VW Group names Porsche exec as strategy chief

Volkswagen AG named Porsche executive Juergen Rittersberger as its new head of strategy. He replaces Thomas Sedran, who will lead the group's commercial vehicles division.