Author: Section Page News – Automotive News

Chinese EV developer Faraday Future said it signed a new restructuring agreement with a unit of its main investor, Evergrande Health Industry Group, ending a bitter legal fight and clearing the path for raising funds.

The EV maker has been urging Model 3 buyers to make use of a federal tax credit, with CEO Elon Musk reminding them on Twitter on Saturday that the benefit would drop to half beginning in 2019.

Tesla shares plunged after disappointing Model 3 deliveries and an across-the-lineup price cut prompted concerns that the carmaker may bump up against a ceiling for demand.

Japanese prosecutors extended Carlos Ghosn’s stay in jail for 10 more days, another setback for the fallen auto executive who has sought bail to start mounting his defense in the case that has shocked the global auto industry.

Here’s a look back at some moments between the auto industry and government officials.

Here’s a look back at some of the destruction caused by weather and other disasters in 2018.

Here’s a roundup of memorable photos from the past year.

A look at 14 auto industry figures who passed away in 2018.

One auto boss goes to jail. Another dies suddenly. A third survives his self-inflicted wounds.

From the price of tariffs to a gallon of gasoline, 10 numbers for an industry that lives and dies by them.