Profit tumbled 99% at BYD, a Chinese auto company that makes electric cars. Warren Buffett’s Berkshire Hathaway holds a 10% stake in the company.
Continue reading Buffett’s China Car Project Drives Into Trouble…
Despite pleas by two members of Congress, General Motors said it would proceed with plans to close hundreds of dealerships across the U.S.
Continue reading General Motors Says ‘No’ to Postponing Dealership Clos…
Fueling up your car at a church seems like a novel idea. But the emergence of an electric car market has resulted in a charging station at the Wooden Cross Lutheran church some 25 miles northeast of Seattle.
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Autoworkers laid off from a General Motors plant in Orion Township, Mich., have until the end of the day Tuesday to decide whether to take jobs at the automaker’s Lordstown assembly plant, some 250 miles away in neighboring Ohi…
Toyota may build another factory in Mexico to produce small cars as the world’s largest automaker shifts more capacity outside Japan to remain competitive. The yen’s strength on world markets is said to be prompting the move.
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