Tesla Shares Surge 5% On Chinese Subsidies News

In a surprise move on Tuesday, the Chinese authorities has announced that subsidies for electric vehicles will not be reduced as aggressively as previously stated in an attempt to encourage greater market penetration of EVs and thus further combat the massive pollution currently plaguing the country.

More Toyota Recalls Soon?

Once again, Toyota is facing possible recalls. The National Highway Traffic Safety Administrations (NHTSA) in the US has launched an investigation into the 2007 and 2008 Camry Hybrid after receiving 59 complaints about intermittent occurrence of delayed and failed braking.