Auto

Tesla pushes US to boost fuel economy penalties

Tesla Inc is pressing President Joe Biden's administration and a U.S. appeals court to move quickly to hike civil penalties for automakers failing to meet fuel economy requirements.

GM extends EV Bolt production halt to mid-October

General Motors Co (GM.N) said on Thursday it will extend a shutdown of a Michigan assembly plant to mid-October following a new recall of its Chevrolet Bolt electric vehicles over battery issues after 12 reported fires.

CEO’s dad gets a $3.6B stock windfall at Carvana

The company was founded in 2012 by Mr. Garcia’s son, Ernie Garcia III, inside his father’s chain of used-car dealers. Known for its car towers and home delivery, the online car dealer was spun off and taken public in 2017.