Tesla Inc. is recalling more than 475,000 of its Model 3 and Model S EVs to address rearview camera and trunk issues that increase the risk of crashing, the U.S. road safety regulator said.

The EV maker is recalling 356,309 2017-2020 Model 3 vehicles to address rearview camera issues and 119,009 Model S vehicles due to front hood problems, the National Highway Traffic Safety Administration said.

The total number of recalled vehicles is close to the half a million vehicles Tesla delivered last year. Tesla could not be reached for comment.

For Model 3 sedans, "the rearview camera cable harness may be damaged by the opening and closing of the trunk lid, preventing the rearview camera image from displaying," NHTSA said.

For Model S vehicles, front hood latch problems may lead a trunk to open "without warning and obstruct the driver’s visibility, increasing the risk of a crash," Tesla told the agency.

Tesla is not aware of any crashes, injuries …

Ford Motor Co.’s surging stock gave it a market value greater than rival General Motors for the first time in more than five years.

Ford had a market value of $83 billion at Tuesday's close in New York, just barely ahead of GM’s $82.9 billion. The last time Ford was valued at more than its Detroit-based rival was Sept. 14, 2016, when Ford closed the day with a $48.2 billion market cap.

When the market closed Wednesay Ford shares were trading at $20.56, down nearly a percentage point.

Ford shares have more than doubled this year and have been trading around a 20-year-high. They’ve been on a tear since Jim Farley became CEO 14 months ago and accelerated Ford’s push into electric vehicles. The automaker has sold out the first year of its electric F-150 pickup, debuting this spring, and plans to produce 600,000 EVs annually by 2024.

GM has a goal to go all-electric by the middle of the next decade, but surprised Wall Street with the abrupt departure…

BERLIN -- BMW plans to create up to 6,000 new jobs next year to prepare for growing demand for its electric vehicles, the carmaker's CEO told German daily Muenchner Merkur.

BMW is on a very good path through the transformation and has its plants prepared for e-mobility, Oliver Zipse was quoted as saying in an interview published Wednesday. "That is why we will increase our workforce by up to 5 percent next year."

BMW has so far sold more than one million electrified vehicles -- including pure electric and hybrid vehicles -- and plans to reach two million sales of pure electric vehicles by 2025.

Given ongoing investments by semiconductor manufacturers, the semiconductor shortage should be over in a year, the CEO said. "I expect that by the end of next year we will see a largely normal situation."

Zipse said demand for EVs was very high. "Our i4 is sold out for months, as is the iX." The i4 is an electric compact executive car and the iX is an ele…