The company became the latest electric vehicle start-up to fail to meet investors’ expectations after a high-profile public debut.
Category: Automobiles
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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.
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Tesla’s Stock Price Shows Doubts About Outlook Under Elon Musk
A huge run-up in the stock’s value followed a 2018 vote on Elon Musk’s compensation package. But investors have recently become less enamored.
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U.A.W.’s Monitor Investigates Accusations Against Its Leader, Shawn Fain
The court-appointed monitor is looking into allegations by two union officials that they were punished for raising questions on financial matters.
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Kia Recalls Telluride SUV Over Fire Risk; Urging Owners to Park Outside
About 460,000 vehicles could be affected by the recall, which stems from a problem with the vehicle’s front power seat motor.
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Bob Kelley, Who Made the Kelley Blue Book an Authority on Cars, Dies at 96
He knew all the data that went into determining a vehicle’s price, but he insisted that it was as much an art as it was a science.
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How Electric Car Batteries Might Aid the Grid (and Win Over Drivers)
Automakers are exploring energy storage as a way to help utilities and save customers money, turning an expensive component into an industry asset.
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Car Deals Vanished During the Pandemic. They’re Coming Back.
Automakers and dealers are starting to offer discounts, low-interest loans and other incentives to lure buyers as the supply of cars grows.