High interest rates, economic uncertainty and a cyberattack appear to have dampened sales in the three months between April and June.
Category: Automobiles
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Elon Musk’s Politics May Be Pushing Some Buyers Away From Tesla
The Tesla chief executive’s polarizing statements have alienated some potential customers and may be partly responsible for a recent slump in sales.
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China Dangled Rebates to Lure People to Spend. It’s Not Enough.
China’s leaders vowed to kick-start spending by offering subsidies for households to buy cars and appliances. But many consumers aren’t biting.
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The Big Number: $5 Billion
The amount Volkswagen said it planned to invest in the electric vehicle maker Rivian.
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Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian
VW and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies.
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Germany Hopes to Head Off a Trade War With China
As the European Union moves to impose tariffs on Chinese cars, Germany, with an auto industry deeply enmeshed with China, is stuck in the middle.
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Cyberattack on CDK Global Disrupts Car Sales in U.S. and Canada
The attacks on a software provider, CDK Global, affect systems that store customer records and automate paperwork and data for sales and service.
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Toyota Chairman’s Investor Support Tumbles
Just 71.9 percent of shareholders supported Akio Toyoda, who has faced scrutiny from investor groups over governance issues, in his bid to remain chairman.
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Fisker Files for Bankruptcy as E.V. Maker’s Cash Runs Short
The company became the latest electric vehicle start-up to fail to meet investors’ expectations after a high-profile public debut.
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Akio Toyoda, Toyota’s Chairman, Defends His Hands-On Role
Akio Toyoda, who stepped down as chief executive last year, had been criticized by some shareholders for continuing to dominate decision making at the automaker.
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Toyota Investors Challenge Scion’s Grip at a ‘Critical Juncture’
Akio Toyoda ran Toyota for 14 years before handing the reins to a new C.E.O. last year, but some have grown concerned about the control he still wields.