Auto Industry

EIC has encouraged American auto titans like GM, Ford, or Chrysler to get behind Tesla in the past two years. The fledgling company could use the shot in the arm provided by an American champion, the auto giants could use the perspective of their upstart rival.

2:27 Minute Video

After a tumultuous two years for Detroit’s Big Three that featured financial losses, government bailouts, bankruptcies and declining market shares, the U.S. auto industry is beginning to show major signs of improvement.

Over 600 General Motors dealerships scheduled to lose their business with the beleaguered automaker are getting a second lease on life, however, some are not so sure that they want it.

A General Motors official suggested this week that China could soon become the automaker's number one market, a serious blow for a company that was once considered to be a barometer of the nation as a whole

Many of the 2012 model year vehicles achieve close to 40 miles per gallon on the highway, and the concepts of the future are almost exclusively next-generation hybrids or all-electric vehicles.