GM's $1.5 billion investment in the midsize truck line and upgrades to the Wentzville plant included changes to the general assembly area, the body shop and paint shop, including new machines, conveyors, controls and tooling.
Duke Energy Progress wants permission to build a 9.5-megawatt solar project at its natural gas plant near Asheville that would redeem a promise made several years ago.
Tesla's Cybertruck is the object of endless speculation. Sci-fi vehicle, some enthused fans of Tesla and CEO Elon Musk say. Since its introduction in November 2019 at a promotional event in Los Angeles, the Cybertruck has captured the hearts of Tesla fans.
Ford’s move to cut prices of its Mustang Mach-E in order to compete better with Tesla’s Model Y wasn’t a surprise. However Ford’s move differs from Tesla’s in one key way - it may offer financial benefits, even cash, for new owners who missed out on the price cut.
Rivian can not catch a break. The electric vehicle manufacturer is letting go of 6% of its workforce to cut back on costs as the company failed to meet production goals. CEO RJ Scaringe said Rivian's focus on efficiency needs to be a "core objective," according to an email that employees received and was viewed by CNBC.
With Ford earnings are due Thursday, the automaker updates its Mach-E pricing and production strategy.
January EV sales in China look miserable. Tesla investors should prepare for a weak number when industry data providers release its wholesale delivery figure.
The Tesla founder's ownership of Twitter could pose risks for him, just as Ford's ownership of a newspaper created controversy.
Noted Tesla investor and Future Fund managing partner, Gary Black joined Neil Cavuto on Fox Business to discuss the carmaker’s stock and competition in 2023.
India on Wednesday said it will raise taxes on imported cars and motorbikes, including electric vehicles (EVs), as it seeks to boost local manufacturing in line with Prime Minister Narendra Modi's "Make in India" campaign ahead of elections in 2024. All vehicles with a landed cost of less than $40,000 will be taxed at 70%, up from 60% earlier, a move analysts say could impact demand. The landed cost includes the vehicle's price tag plus insurance and freight costs.
Tesla Inc suppliers are bracing for pressure from Chief Executive Elon Musk and his team to cut their prices further after the electric car leader aggressively slashed vehicle prices in a slowing economy, industry officials who work with the automaker and its suppliers said. The suppliers saw as ominous last month's comments by Tesla Chief Financial Officer Zach Kirkhorn that the carmaker was "attacking every other area of cost" including the supply chain, and would work closely with suppliers. During Tesla's earnings conference call last week, Musk said a recession could lead to "meaningful decreases" in almost all its input costs.
Florida’s highway drivers might see an end to left-lane cruisers if a bill filed in the State Capitol Becomes law, but the bill is sparking some mixed reactions.
Norwegian electric car owners have a word for the way they feel when they look nervously at their battery indicators while driving in subfreezing weather: "rekkevideangst", or "range anxiety".With temperatures often falling below zero, rugged terrain and long stretches of remote roads, Norway may not seem like the most ideal place to drive an electric car, whose battery dies faster in cold weather.
Airbus agreed to revive orders for close to 75 aircraft from Qatar Airways after reaching a settlement with the Middle East airline over a dispute about chipping paint on its A350 wide-body models.
Electric vehicle maker Rivian Automotive announced that it will lay off about 6% of its workforce amid a push to cut costs and reach profitability in a competitive EV market.
There are certain numbers that, over time, have become so linked to a specific subject or message that they carry their meaning far beyond their bare digits. They transcend maths and statistics, so heavy with connotation that what they refer to doesn’t need to be spelled out in words. It is there in your head immediately. You understand as quickly as you hear.
Elon Musk told investors on a fourth-quarter earnings call last week that all other car companies are far behind Tesla when it comes to automated-driving development. “There isn’t even a close second to Tesla,” the CEO said. The very next day, Mercedes-Benz became the first automaker to achieve SAE Level 3 certification in the U.S.
Tesla cut prices for its EVs early in January, leading to a spike in demand. Ford followed suit Monday, and other auto makers will feel pressure to do the same.
Tesla plans to step up output at its Shanghai plant over the next two months to meet demand ignited by aggressive price cuts on its best-selling models, according to a planning memo seen by Reuters and a person with knowledge of the plan. The automaker plans to produce a weekly average of nearly 20,000 units at its Shanghai factory in February and March, according to the memo, which detailed output plans for Tesla's most productive and profitable manufacturing hub. That level of production would take the plant's output to roughly its rate in September, when it turned out 82,088 Model 3 and Model Y cars, according to data from China Passenger Car Association.
The 2024 Cadillac Lyriq is reported to get a new entry-level Tech trim that drops the model's price to $58,590. That's $4,400 less than the Luxury trim.
The 34-year-old automotive personality talks about the deal with the Chernin Group to redline growth of his online marketplace.
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