Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor is cutting about 3,000 jobs from its global workforce, as the automaker attempts to lower costs as part of r...
Tag: Autos
Classic car auctions in Monterey score a record $469 million
Wealthy car collectors shrugged off recession worries and spent over $460 million at classic car auctions in Monterey this weekend, according to insurance and lifestyle company Hagerty. Over 790 cars ...
Australian bank to scrap loans for new diesel and gasoline cars
Cars and buses in Sydney, Australia, on Monday, May 25, 2020. Authorities in the country are looking to set up a National Electric Vehicle Strategy. Brendon Thorne | Bloomberg | Getty Images An Austra...
Largest U.S. Pension Bought EV Stocks Rivian and Li Auto. What It Sold.
Text size The Rivian R1S. Pension giant Calpers bought more Rivian shares in the second quarter. Courtesy of Rivian America’s largest public pension has increased bets in electric-vehicle makers. Cali...
GM Reinstates Dividend. Ford’s Yield Is Higher.
Text size GM stock was rising after the auto maker said it was reinstating its dividend. Bill Pugliano/Getty Images American automotive giant General Motors is returning capital to shareholders again—...
5 most expensive cars up for sale at Pebble Beach
1958 Maserati Source: Motorcar Studios ©2022 Courtesy of RM Sotheby’s Classic cars up for auction in Monterey, California, this week are expected to shatter records. Auction sales at the Montere...
Take a look at Ford’s futuristic vision for its luxury Lincoln brand
Lincoln Model L100 Concept Lincoln Ford Motor on Thursday unveiled a sleek, futuristic concept car to showcase the company’s vision for its Lincoln luxury brand. The Model L100 concept pays homa...
New SEMA Garage Propels Aftermarket Industry To Future Technologies
New SEMA Garage in Plymouth, Mich. opened its doors Aug. 18, 2022 about 30 miles west of Detroit. Ed Garsten The growth of advanced driver assistance systems (ADAADA S) and popularity of electric vehi...
Dodge unveils electric muscle car concept Charger Daytona SRT
Dodge Charger Daytona SRT concept car Dodge DETROIT — Dodge on Wednesday unveiled a new concept car called the Charger Daytona SRT as a preview of its first all-electric muscle car, expected in 2024. ...
This is Dodge’s first electrified vehicle
2023 Dodge Hornet GT Dodge DETROIT – The first electrified vehicle for the Dodge brand under Stellantis will be a plug-in hybrid crossover called the Hornet, a resurrected name most recently used for ...
Financing a new car? How much you can save with excellent credit score
By now, you probably know that prices for new cars have been climbing at a brisk pace, along with many other consumer goods, in the midst of high inflation. The average cost of a car is an estimated $...
SoftBank-backed Ola Electric wants to launch India-built EV in 2024
Ola CEO Bhavish Aggarwal appears on screen during a presentation in August 15, 2021. The company’s EV-arm, Ola Electric, plans to launch an electric car in 2024. Samyukta Lakshmi | Bloomberg | G...
Dodge Challenger, Charger to be discontinued in 2023
2022 Dodge Charger SRT Hellcat (left) and 2022 Dodge Challenger SRT Super Stock Dodge DETROIT — Dodge will discontinue its gas-powered Challenger and Charger muscle cars at the end of next year, marki...
Financing pushes monthly cost of new cars to record $702
Skynesher | E+ | Getty Images Why drivers are spending more to buy a new vehicle The average new-car transaction in July was $45,869, according to the J.D. Power/LMC Automotive forecast. That’s ...
Automakers investing in the South as EVs change the auto industry
Jack Weaver, an 82-year-old retired dairy farmer whose house sits on a Civil War battlefield, lives near General Motors’ Spring Hill plant in Tennessee. Michael Wayland / CNBC SPRING HILL, Tenn....
The New EV Tax Credit Won’t Cover All Teslas and Other Cars. How It Will Work.
New electric-vehicle tax credits depend on where the cars are assembled, what the EVs cost, and how much money buyers make. Stefani Reynolds/AFP/Getty Images Text size The Inflation Reduction Act shou...
What Stocks Are Making Moves Monday? Li Auto, NIO, Peloton, and More.
Text size A trader works on the floor of the New York Stock Exchange. Michael Nagle/Bloomberg Stock futures were trading lower Monday after China cut interest rates following data that showed the worl...
The Big Winners—and Losers —in the Inflation Bill
Senate Majority Leader Chuck Schumer (D-NY) helped shepherd the Inflation Reduction Act through the Senate after earlier bills died. Drew Angerer/Getty Images Text size The House won’t take up Democra...
Huawei’s second quarter revenue rises slightly from a year ago
Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020. Pictured here on July 8, 2022, is a Huawei flagship store in Shenzhen, G...
Rivian, Illumina, Toast, and More Stock Market Movers Friday
Text size Rivian, the maker of electric trucks, maintained its production estimates for the full year. Courtesy Rivian Stock futures rose Friday amid more signs that inflation in the U.S. has been coo...
Rivian Keeps 2022 Production Guidance Intact. The Stock Is Still Falling.
Text size The Rivian R1S should start shipping to customers in just a few months. Courtesy of Rivian Electric-truck maker Rivian Automotive reported a wider-than-expected quarterly loss, but more impo...
GM reveals new GMC Canyon premium midsize pickup, starting at $40,000
DETROIT — General Motors on Thursday revealed its redesigned GMC Canyon as a more premium offering than the current midsize pickup, including a new off-road AT4X model that will expand the vehicleR...
Buy Tesla Stock Because It’s ‘Christmas in August’
Text size A Tesla, Inc. electric vehicle departs after charging at supercharger location in Hawthorne, California Patrick T. Fallon/AFP via Getty Images A Tesla bull is a little more bullish after the...