In 2021, Volvo Cars said it planned to become a “fully electric car company” by the year 2030, a move which will require it to have a consistent and secure supply of batteries for its vehi...
Tag: Autos
Rivian Killed Ford Earnings. Now It’s Crushing Amazon’s.
Text size Rivian’s wild stock swings are distorting earnings at both Ford and Amazon. Courtesy Rivian Ford Motor and Amazon.com were early investors in Rivian Automotive . They still own Rivian ...
Elon Musk sold around $4 billion worth of Tesla shares
Elon Musk, founder of SpaceX and chief executive officer of Tesla, waves while arriving to a discussion at the Satellite 2020 Conference in Washington, D.C., on Monday, March 9, 2020. Andrew Harrer | ...
What Ford, a 9-to-5 workweek pioneer, is learning about hybrid work
Ford Motor Company world headquarters, Dearborn, Michigan on January 19, 2021. Aaron J. Thornton | Getty Images After several setbacks and delays due to the Covid-19 pandemic, Ford Motor Co. finally s...
Why diesel prices are driving up the cost of everything
Consumers notice spiking gasoline prices every time they drive to the pump. But energy industry analysts say the current spike in diesel prices is historic — and is pushing up the cost of all kinds of...
Ford cuts 580 U.S. salaried, agency workers as it restructures for EVs
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor is cutting 58...
China’s Beijing city loosens robotaxi rules for Baidu Apollo Go, Pony.ai
Chinese tech companies Baidu’s Apollo Go and Pony.ai announced Thursday they received permission from Beijing city authorities to remove the safety driver for part of their robotaxi business in ...
Ford (F) earnings Q1 2022
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – Ford Motor is set to report its first-quarter results after the b...
Lucid to deliver up to 100,000 EVs to Saudi Arabia’s government
With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Lucid Group said that the government of Saudi Arabi...
GM has 140,000 reservations for Chevrolet Silverado EV
2024 Chevrolet Silverado EV RST GM General Motors now has about 140,000 reservations for the upcoming electric version of its Chevrolet Silverado pickup, CEO Mary Barra said during GM’s first-qu...
Ford CEO Farley plans to challenge Tesla to become the top EV maker
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DEARBORN, Mich. – Ford Motor plans...
Inflation, supply issues threaten 2022 profits
The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — There’s growing concern among Wall Street analyst...
Boeing Stock Falls. Its New 777X Jet Is Likely to Be Delayed.
Text size A demonstration flight for the Boeing 777X at the 2021 Dubai Airshow. Giuseppe Cacace/AFP via Getty Images Boeing’s newest model twin-aisle jet—the 777X—probably won’t be in service until 20...
Ford F-150 Lightning electric pickup could win first-mover advantage
A Ford F-150 Lightning on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT – Ford Motor is set to be the first automaker to bring a mainstream, full-size electric pickup to...
GM says it will produce electric Chevrolet Corvettes
DETROIT – General Motors will produce an electrified Chevrolet Corvette next year, followed by an all-electric version of the iconic sports car, GM President Mark Reuss said Monday. Reuss said the aut...
James Anderson of Baillie Gifford on Illumina, Moderna, and Other Companies That Matter
James Anderson, a partner at Scottish money manager Baillie Gifford, has personified growth-stock investing during his 39 years with the firm. He was an early backer of Amazon.com, Tesla, and other “e...
Carlos Ghosn says he expects fair trial in France following arrest warrant
Carlos Ghosn, former Nissan chief executive officer, is in an ongoing legal battle amid allegations of financial misconduct. Bloomberg | Getty Images Carlos Ghosn has said he would receive a “fa...
Ford announces Lincoln Star EV concept, four new EVs to debut by 2026
Lincoln Star concept electric vehicle Lincoln DETROIT – Ford Motor plans to introduce four new electric vehicles into its Lincoln lineup by 2026, as the once-dominant American luxury brand reinvents i...
Tesla’s Earnings Crushed Expectations, Setting More Records. The Stock Is Up.
Tesla’s first-quarter profit was far higher than expected. Above, CEO Elon Musk speaks at the opening party for Tesla’s new factory in Texas. SUZANNE CORDEIRO / AFP / Getty Images Text siz...
BMW i7 electric sedan added to 7-Series lineup, starting at $119,300
BMW 760i xDrive (European model shown) BMW BMW is adding an all-electric model to its flagship 7-Series sedan lineup as the German luxury brand pivots to EVs to better compete against industry leader ...
Audi’s new concept car is a ‘lounge on wheels’ for city travelers
Audi electric Urbansphere concept car Audi Audi is adding a “lounge on wheels” to its recent portfolio of electric concept vehicles that are designed to portray the German automaker’...
Elon Musk Says Bill Gates has a $500 million short position in Tesla
Tesla CEO Elon Musk is irked at Bill Gates. He doesn’t see how Gates, a leading proponent of sustainable energy, could possibly sell Tesla’s stock short. And Musk says Gates is doing just that. In a t...