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Ferrari's first EV to cost over $500K: report

Italian luxury automaker Ferrari is planning to make its first electric vehicle, which will come with a price tag that's more than $500,000, according to a report by Reuters.

See it: Porsche unveils new 911 hybrid

Luxury German automaker Porsche unveiled the new 911 hybrid, which is the first street-legal version of the sports car to feature a hybrid powertrain called the T-Hybrid system.

GM ending production of Chevrolet Malibu

General Motors will end production of its Chevrolet Malibu sedan as it shifts its focus on electric vehicles. Its Kansas plant will now produce the next-gen Chevy Bolt.