Penske says May U.S. business improved

DETROIT — Penske Automotive Group Inc. mentioned its retail automotive enterprise enhanced in May well over sharp drops in enterprise in late March and April amid the coronavirus pandemic.

The nation’s second-premier new-motor vehicle retailer mentioned its May well U.S. new- and employed-motor vehicle profits have been down 25 p.c year over year, although U.S. provider and parts gross income declined 39 p.c.

That is greater than the drop of about 50 p.c Penske skilled in new and employed profits in April and its fifty two p.c decline in provider and parts gross income the exact same month amid stay-at-property

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Tesla hails air-quality effects of shutdowns Musk called ‘fascist’

Tesla Inc. is proffering a decidedly various take on the coronavirus-associated shutdowns CEO Elon Musk identified as “fascist” and sued more than months in the past by suggesting they may bolster the circumstance for banning inside-combustion engine vehicles.

In its 2019 Effect Report released Monday, Tesla pointed to sharp improvements in air top quality in recent months tied to restrictions on enterprise and vacation aimed at made up of the spread of COVID-19. The company claimed the drop in air pollution could embolden governments that currently have been building options to inevitably ban autos that run on fossil fuels.


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Musk’s UK visit sparks speculation about British Tesla plant

LONDON — A documented check out by Tesla CEO Elon Musk to the U.K. has prompted speculation that the entrepreneur is reconsidering Britain as a internet site for the creation of batteries or cars and trucks.

Musk flew to the U.K. previous week to check out Bristol in southwest England to perspective a prospective auto manufacturing facility internet site, the Periods of London documented, without the need of quoting sources. Musk may have visited the internet site of a previous munitions plant in Bridgewater, southwest of Bristol, the paper explained. The internet site is being redeveloped as an energy-related business

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Brandstaetter to replace Diess as VW brand CEO

FRANKFURT — Volkswagen Team named Ralf Brandstaetter as VW manufacturer CEO, marketing him from his present-day position as the brand’s COO.

The adjust — efficient July one — suggests that VW Team CEO Herbert Diess gives up his position as VW manufacturer CEO. The adjust will give Diess greater leeway for his duties as group CEO, VW explained in a assertion on Monday.

In Brandstaetter, fifty one, VW’s supervisory board has picked a company veteran to head its main manufacturer. Porsche CEO Oliver Blume was also a contender for the put up.

Brandstaetter, a German countrywide, joined VW in

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Ford’s 2020 Escape plug-in to get 37-mile electric range

DETROIT — Ford Motor Co. claimed its Escape plug-in hybrid will supply 37 miles of electrical assortment when the electrified variant goes on sale this summer, in line with what the automaker envisioned when it unveiled the auto last year.

That is considerably less than the forty two miles the forthcoming Toyota RAV4 plug-in hybrid is envisioned to create on a solitary demand. But Ford says the Escape plug-in’s a hundred mpg equal will greatest its rivals in the compact-crossover segment, like the RAV4, which will have a ninety four mpg equal.

The Escape PHEV is a crucial piece to

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