Tag: Yahoo Finance

Ford electric vehicle chief sees more products, sales growth

So far, electric vehicles haven't been accepted in the United States, with fewer than 1.5% of new-vehicle buyers choosing them over internal combustion engines. Ford Motor Co., General Motors Co., Volkswagen AG, Tesla Inc. and others are placing big bets on the technology. Next week in Los Angeles, Ford will show off an electric SUV that is inspired by the Mustang performance car....

Alibaba Singles’ Day Set to Top $31 Billion Record Within Hours

(Bloomberg) -- Alibaba Group Holding Ltd.’s Singles’ Day shopping bonanza got off to a scorching start, logging more than 114 billion yuan ($16.3 billion) of purchases in less than 90 minutes, the equivalent of more than half of last year’s record haul for the 24-hour event. An estimated half-billion shoppers from China to Russia and Argentina are expected to swarm the e-commerce giant’s sites to scoop up everything from iPhones and refrigerators to cashew nuts. The company again hosted a televised entertainment revue in Shanghai to run alongside the bargain-hunting, this time enlisting Taylor Swift and Asian pop icon G.E.M. to try and pump up sales.The world’s largest shopping event has become an annual ritual for Asia’s largest company, a 24-hour marathon that’s part showcase of commercialism and part publicity blitz. Also referred to as “Double 11” because it falls on Nov. 11, it will be closely watched by investors keen...