Any shopper who has stepped onto a vehicle sales lot during the coronavirus pandemic has likely noticed at least two things: There are very few cars and they have very high sticker prices. Amid inflat...
Tag: Autos
GM expects record year of Chevy Bolt EV sales following fire recall
2022 BOLT EUV Source: Chevrolet DETROIT – General Motors expects sales of its electric Chevrolet Bolt models can rebound from a high-profile recall after several vehicles caught fire to achieve record...
Porsche taking stake in ‘e-fuels’ maker Highly Innovative Fuels Global
A Porsche 911 Carrera 4S stands in the evening light in a drive-in cinema on the circuit of the Leipzig Porsche factory. Jan Woitas | picture alliance via Getty Images DETROIT — Porsche is upping its ...
Aurora AUR Werner Enterprises WERN self-driving trucks in Texas
06 January 2022, US, Las Vegas: Robotic truck company Aurora shows off a self-driving semi-truck at the CES tech show in Las Vegas. In the Corona pandemic, interest in autonomous freight transport inc...
Carvana Stock Tumbles as Analyst Sees Risk of Car Boom Becoming Car Bust
Text size An eight-story car-vending machine, operated by Carvana, in Huntington Beach, Calif. Mark Ralston/AFP via Getty Images Car sales have are slowing after their pandemic-fueled boom and have le...
NIO Has a Plan to End the Anxiety Over Charging Electric Vehicles
Text size NIO, the Chinese electric-vehicle maker, is in talks to license its battery swapping technology, according to the Financial Times. Hector Retamal/AFP/Getty Images Electric-vehicle sales are ...
GM and Honda to develop affordable electric vehicles that cost less than $30,000
DETROIT – General Motors and Honda Motor will develop a series of affordable electric vehicles based on a new global architecture, the companies announced Tuesday morning. The project will utilize GM&...
Ford’s first quarter sales fall 17% as automaker battles chip shortage
An employee works on the 40 millionth Ford Motor Co. F-Series truck on the assembly line at the Ford Dearborn Truck Plant on January 26, 2022 in Dearborn, Michigan. Jeff Kowalsky | AFP | Getty Images ...
EV startup Polestar signs deal to supply up to 65,000 vehicles to Hertz
Swedish EV startup Polestar will supply up to 65,000 vehicles to Hertz over five years, the two companies announced on April 4, 2022. Swedish electric vehicle maker Polestar will supply up to 65,000 v...
Tesla Beat All the Trillion-Dollar Stocks. Berkshire Hathaway Did Even Better.
Text size The new Tesla factory in Germany. Sean Gallup/Getty Images What do Elon Musk and Warren Buffett have in common? Shares of both of their megacapitalization companies posted gains for the firs...
Cathie Wood Sold Tesla Stock. She Is as Bullish as Ever.
Text size Tesla stock remains the biggest position in Cathie Wood’s ARK Innovation ETF. Courtesy of ARK Cathie Wood’s ARK Innovation ETF sold about 22,000 Tesla shares Thursday, according to her...
General Motors GM Q1 2022 US sales
A Chevrolet pickup truck is seen at the Knapp Chevrolet dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images General Motors’ first-quarter U.S. sales fell 20% from a ye...
Biden’s plan to lower gas prices could take weeks. How to pay less now
Filling up at the pump comes with a hefty dose of sticker shock. Russia’s invasion of Ukraine and global supply concerns have sent gas prices to record highs — hitting $6 in some parts of the co...
US auto sales forecast Q1 2022 looks bleak due to chips, inflation
New Jeeps are displayed at a car dealership on October 05, 2021 in New York City. Spencer Platt | Getty Images Automakers will likely report sharp sales declines for March and the first quarter, indus...
Waymo self-driving experience: Mostly peaceful and productive
PHOENIX — “A ghost is driving the car.” That’s what my 5-year-old daughter said as I FaceTimed her recently from the backseat of a Waymo autonomous vehicle in the suburbs here. Motor...
Autos union chief responds to Elon Musk ‘inviting’ UAW to organize Tesla workers
Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters If T...
Sen. Elizabeth Warren says billionaires should pay more taxes to help the ‘next Elon Musk
Elon Musk and fellow billionaires should pay it forward in taxes to support the next generation of entrepreneurs who can make a difference, Sen. Elizabeth Warren, D-Mass., told CNBC on Tuesday. “...
GM looks to increase Hummer EV production as reservations top 65,000
GMC Hummer EV pickup truck Michael Wayland / CNBC PHOENIX – General Motors has received more than 65,000 reservations for its electric GMC Hummer pickups and SUVs, as the automaker attempts to expedit...
Nio ET7 deliveries begin
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Nio confirmed Monday it has begun deliveries of its new luxury sedan, the ET7, on schedule, sending U.S.-...
XPeng (XPEV) Q4 2021 earnings
XPeng delivered over 60,000 of its flagship P7 electric sedans in 2021. XPeng, Inc. U.S. listed shares of XPeng jumped in premarket trading Monday after the Chinese electric-vehicle maker reported a f...
Tesla wants to split its stock so it can pay a stock dividend; shares gain
Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters Tesl...
Tesla, GM, and Volkswagen Each Lead the Car Industry in R&D Spending
Text size A Tesla car at the company’s new factory in Germany. Christian Marquardt — Pool/Getty Images Does Tesla spend the most money on research and development? Or is it General Motors? Or Vo...