transportation

The average monthly new auto loan payment is approaching $600 according to Experian, which analyzes millions of new and used vehicle loans.

The automaker committed to spend about $2 billion on environment related fines and regulatory credits through the end of 2021.

Logistics giant FedEx said on Wednesday that it aims to replace all of its parcel pickup and delivery vehicles with a sustainable electric fleet by 2040.

The service starts March 11 from Denver to Breckenridge, Colorado and will be expanded to Fort Collins, Colorado in April.

The fees are part of increased legal expenses of $27.5 million primarily related to regulatory/legal matters in connection to fraud claims by a short seller.

General Motors believes the worst of a global chip shortage that’s forced automakers to cut production and close plants could be behind it.

Tesla’s stock is now directly linked to the price of bitcoin after Elon Musk’s firm invested $1.5 billion into the cryptocurrency, according to an analyst.

Jeep started using the Cherokee name more than 45 years ago, including currently on the brand’s top-selling Grand Cherokee as well as a smaller SUV.

“It would have been three miserable days without the truck,” Jerry Hall, 73, of Kerrville, Texas, said in a phone interview.

Uber is awaiting a ruling from the U.K.’s Supreme Court on whether its drivers should be classified as workers rather than independent contractors.

The Lamborghini Urus SUV is a new type of product for Lamborghini, but one that is seen as increasingly necessary in the automotive market.

Musk saw his net worth slide by $3.9 billion on Tuesday as Tesla shares closed at $796.22, down more than 2.4%.

DP World has launched a vaccine logistics alliance with Emirates and Dubai Airports to speed up the distribution of Covid-19 vaccines around the world.

Uber urged EU policymakers to implement reforms that protect drivers and couriers operating through an app, without reclassifying them as employees.

Maersk, the world’s largest container shipping firm, marginally beat profit expectations Wednesday after an “exceptional while challenging quarter.”

The telephone call between Xi and Biden comes as the new U.S. administration works to mend trade relations with the world’s second-largest economy.

Uber’s losses are narrowing as delivery growth continues to outpace a drop in ride-sharing revenue.

Lyft reported fourth-quarter losses of $458.2 million for the fourth quarter of 2020.

Contrary to popular belief, Elon Musk did not start Tesla. He certainly made it his own over the years, investing early on and then overseeing its growth from niche luxury carmaker to mass production, adding on a solar business, and pushing self-driving technologies. However, the tech titan — and now the world’s richest man — was actually Tesla’s 4th CEO when...

Tesla voluntarily recalled 134,951 Model S and Model X vehicles with touchscreen failures that led to the loss of several safety-related features.