Electric Last Mile Solutions CEO James Taylor wanted to separate his electric vehicle company by staying out of controversies that had engulfed many of his competitors. “We have no lawsuits; no ...
Tag: Autos
New Alfa Romeo SUV equipped with NFT, blockchain technology
2023 Alfa Romeo Tonale Alfa Romeo Italian auto brand Alfa Romeo is bringing NFTs, which recently rose to popularity in digital art, to its new Tonale SUV, the company said Tuesday for the vehicle̵...
Tesla cut a steering component to deal with chip shortage
Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. U.S. electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, w...
Service Costs Soar For Some Vehicles During First Year We Predict Study Shows
2021 GMC Yukon XL Denali GMC When automakers decide to build additional models on a platform that’s usually a good move for improving efficiency and cost savings. But new data released Monday sh...
Chip shortage forces Ford to cut production of F-150, Bronco SUV
Bronco SUVs in production at Ford’s Michigan Assembly plant, June 14, 2021. Michael Wayland | CNBC DETROIT – Ford Motor is cutting production next week of several key products due to an ongoing ...
CEO of Self-Driving-Car Firm Luminar Buys Stock
Text size A vehicle with Luminar LiDAR Patrick T. Fallon/AFP/Getty Images Luminar Technologies stock has been slumping, and founder and CEO Austin Russell scooped up the cheaper shares. Luminar (ticke...
Thiel Capital, Mesa Air invest in electric seaglider startup Regent
(Illustration) REGENT is developing a flying, electric sea glider with a top speed of 180 miles per hour. Courtesy: REGENT Thiel Capital and regional aviation providers Mesa Air Group are investing in...
Ford Stock Falls After Earnings. What Wall Street Thinks.
Text size Ford’s Maverick in hybrid form, with 37 mpg combined. Ford photo Ford’s fourth-quarter earnings, reported Thursday evening, came in a little light and financial guidance for 2022 didn’...
Volvo Cars, Northvolt to build gigafactory in Gothenburg
A Volvo XC40 Recharge car on display at the 38th Thailand International Motor Expo 2021. Peerapon Boonyakiat /SOPA Images | LightRocket | Getty Images Volvo Cars and Northvolt said Friday they would b...
Nissan taps ‘Schitt’s Creek,’ Marvel stars
Nissan is returning to Super Bowl advertising after a seven-year hiatus with an star-studded commercial led by “Schitt’s Creek” actor and co-creator Eugene Levy. Nissan Nissan Motor ...
Ford (F) earnings Q4 2021
Ford Motor Co. signage at the Washington Auto Show in Washington, D.C., Jan. 21, 2022. Al Drago | Bloomberg | Getty Images DETROIT — Ford Motor is announcing fourth-quarter earnings after the markets ...
Used-car prices may be easing, research shows
Jim Watson | AFP | Getty Images Used-car prices may be starting to soften, research suggests. After surging through the pandemic by as much as 50%, prices in the used-car market showed some easing in ...
Online car retailer Vroom goes from dark to Broadway musical in new Super Bowl ad
Online used-car retailer Vroom will advertise during the Super Bowl for a second consecutive year, with the help of “La La Land” dance choreographer Mandy Moore. The 30-second spot called ...
What investors should know ahead of Q4 results
A 2022 Ford Motor Co. Maverick compact pickup truck during the Washington Auto Show in Washington, D.C., on Friday, Jan. 21, 2022. Al Drago | Bloomberg | Getty Images DETROIT – Shares of Ford Motor le...
Ferrari has a lot riding on its new SUV, the Purosangue
Ferrari logo Dean Mouhtaropoulos Ferrari has a lot riding on its much-anticipated and hotly debated SUV, called the Purosangue, to be unveiled later this year. Ferrari CEO Benedetto Vigna, who has bee...
Shares of EV start-up Electric Last Mile plunge more than 50% after CEO, chairman resign
The ELMS Urban Delivery, anticipated to launch later this year, is expected to be the first Class 1 commercial electric vehicle available in the U.S. market and will be produced at the Company’s...
Ford Stock Jumps Because It Might Have Bigger EV Plans
Text size 2022 Ford F-150 Lightning Lariat. Courtesy Ford Ford Motor shares are trading near their daily highs on Tuesday after Bloomberg reported the company would spend more on vehicle electrificati...
Ford reportedly plans to increase EV spending by up to $20 billion
The all-electric Ford F-150 Lightning truck during an augmented reality presentation at the Motor Bella Auto Show in Pontiac, Michigan, on Tuesday, Sept. 21, 2021. Emily Elconin | Bloomberg | Getty Im...
Tesla to recall FSD Beta software that let drivers roll past stop signs
Tesla will recall software from 53,822 of its Model S, X, 3 and Y vehicles in the U.S. to eliminate a feature that let cars automatically roll through stop signs, according to records published today ...
What investors should know before Tuesday’s fourth-quarter earnings
General Motors CEO Mary Barra speaks at the General Motors Factory ZERO electric vehicle assembly plant on November 17, 2021 in Detroit, Michigan. Nic Antaya | Getty Images DETROIT – General Motors is...
Aston Martin launches luxury SUV DBX707
LONDON — British carmaker Aston Martin Lagonda on Tuesday launched a new non-electric SUV called the DBX707. “It will be, and is, the greatest ultra-luxury, high performance SUV in the world,...
How Suburban Sprawl’s Single-Family Home Zoning Limits Housing Supply
America’s suburbs are sprawling again. Last year, single family housing starts rose to 1.123 million, the highest since 2006, according to the National Association of Home Builders, however, opt...
Tesla climbs more than 10% on Monday after Credit Suisse upgrade
A Tesla mobile service vehicle outside a dealership in Vallejo, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Shares in electric vehicle maker Tesla climbed...
China’s Covid lockdown rules send prices higher
Freeman H. Shen, Founder, Chairman & CEO of WM Motor, speaks during Fireside Chat on Day 2 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 28, 2018 in Nansha, Guangzhou, Chi...