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Tesla has gained significant financial backing by way of a 5-percent investment by Chinese tech giant Tencent Holdings. The company’s $1.78 billion stake in the electric automaker, or about 8.2 million shares makes it Tesla’s fifth-largest shareholder. The first four largest shareholders consist of CEO Elon Musk and investment companies Fidelity, Baillie Gifford, and T. […]

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As the taxi industry continues being decimated by Uber and Lyft ride-hailing and ridesharing services, these and other mobility companies will begin seeing a wave of competition coming from automakers jumping into the race. Taxi and black-car operators have been sideswiped by Uber and Lyft in recent years as riders get to pay about half […]

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California has approved emissions standards that the White House still wants to review. The California Air Resources Board (CARB) finalized 2022-2025 emissions rules for the state and also set a mandate for zero-emission sales over the same time period. CARB has also ordered its workers to start on determining targets for beyond 2025. The U.S. […]

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Tesla launched a new corporate sales website page, geared toward providing the “Perfect Company Car.” Like other Tesla website pages, users can review a series of benefits gained by going with a Tesla vehicle. Saving on fuel costs, and having plenty of space for passengers and storage are among them. Tesla Model S owners are […]

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Buick is launching its first electric car in China, the Velite 5 plug-in hybrid, and it shares much with the Chevy Volt. Revealed at the Guangzhou auto show in China in November as the Velite Concept, the Velite 5 seems to be utilizing much of the Chevrolet Volt’s powertrain. Like the Volt, its gasoline engine […]

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Even if the Trump administration rolls back the Obama administration’s 2022-25 fuel economy targets, they may eventually fall in place through other market forces, auto analysts say. Consumer demand for fuel-efficient vehicles and aggressive emissions targets overseas may be more important than decisions by President Donald Trump. The president has directed the U.S. Environmental Protection […]

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All those cheating diesel vehicles have to go somewhere. As a result of its massive TDI diesel scandal, Volkswagen has been buying back numerous vehicles from owners and storing them at various locations. One of those locations is the now defunct Pontiac Silverdome, which was once the home of the Detroit Lions. The Silverdome first […]

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Tesla has broken the “granola image” of electric cars and its limited audience, opening doors for competitors like the EQ subbrand, Daimler’s chief said. During an interview last week at the South by Southwest (SXSW 2017) conference in Austin with German magazine T3N, CEO Dieter Zetsche reflected on the German automaker’s 2009 investment in Tesla, […]

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The controversial Keystone XL pipeline transporting Canadian tar sands oil from Alberta through the U.S. has been approved by the State Department. Canadian oil company TransCanada can now construct, connect, operate, and maintain pipeline facilities at the border in Montana for importing the crude oil. Previous Secretary of State John Kerry rejected the pipeline in […]

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Tesla may see its break into the police car market through a contract with Scotland Yard. London’s police department has been in talks with Tesla CEO Elon Musk that could bring in up to 700 Tesla vehicles customized for the client. Sir Bernard Hogan-Howe, chief of Metropolitan Police, has been in talks with Tesla on […]

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