General Motors is investing tens of billions of dollars to produce new electric vehicles and, it hopes, catch up to Tesla. But those ambitious goals appear distant. This year, the company is struggling to produce a new electric car battery pack meant for the electric vehicles it plans to introduce over several years. On Tuesday,… Continue reading G.M.’s Electric Vehicle Rollout Delayed by Slow Battery Production
Author: New York Times Online News
Reeves Callaway, Maker of Really, Really Fast Cars, Dies at 75
Reeves Callaway, who started out driving fast cars and then focused on creating them, including one that set a speed record of 254.76 miles per hour in 1988, died on July 11 at his home in Newport Beach, Calif. He was 75. His company, Callaway Cars, said the cause was injuries from a fall. Mr.… Continue reading Reeves Callaway, Maker of Really, Really Fast Cars, Dies at 75
Lawmakers Challenge Ford and Chinese Battery Partner Over Forced Labor
A licensing agreement between Ford Motor and a major Chinese battery maker is facing scrutiny by Republican lawmakers, who say it could make an American automaker reliant on a company with links to forced labor in China’s Xinjiang region. In a letter sent to Ford on Thursday, the chairs of the House Select Committee on… Continue reading Lawmakers Challenge Ford and Chinese Battery Partner Over Forced Labor
Tesla’s Profit Rose in the Second Quarter as Price Cuts Spurred Demand
Tesla reported a rise in profit for the second quarter after the company, led by Elon Musk, cut prices in response to increased competition and higher borrowing costs for car buyers. The company said on Wednesday that it earned $2.7 billion from April through June, up from $2.5 billion in the first quarter this year… Continue reading Tesla’s Profit Rose in the Second Quarter as Price Cuts Spurred Demand
Carvana, Used Car Dealer, Reaches Deal to Restructure Debt
Carvana, the troubled used car retailer, announced on Wednesday that it had reached a debt restructuring agreement with most of its bondholders in an effort to lower interest payments over at least the next two years and put its business on more solid financial footing. The once fast-growing company, which sells cars online and at… Continue reading Carvana, Used Car Dealer, Reaches Deal to Restructure Debt
Ford Slashes Price of Electric F-150 Lightning as Demand Weakens
After struggling to find enough batteries and other parts for the past couple of years, automakers are finally beginning to churn out large numbers of electric cars and trucks. More than 30 new models will arrive in showrooms this year. What they need now are more customers. While sales of electric vehicles are increasing —… Continue reading Ford Slashes Price of Electric F-150 Lightning as Demand Weakens
F1 Academy Picks Up Where the W Series Left Off
It has been 47 years since a woman drove in a Formula 1 Grand Prix, when Lella Lombardi of Italy finished 12th at the Austrian Grand Prix in 1976. In 2019, the all-female W Series started in an attempt to provide a way to get women behind the wheel, but it collapsed in June without… Continue reading F1 Academy Picks Up Where the W Series Left Off
UAW Votes to Authorize Strikes if Negotiations Fail
The United Auto Workers union said on Friday that 97 percent of its members had voted to authorize strikes against General Motors, Ford Motor and Stellantis if the union and companies were unable to negotiate new labor contracts. The result gives the union’s president, Shawn Fain, the power to tell workers to walk off the… Continue reading UAW Votes to Authorize Strikes if Negotiations Fail
A Slice of Big Sky Country You Won’t See on ‘Yellowstone’
Recently, western Montana and cities like Bozeman are experiencing a surge in popularity because of the wildly successful drama “Yellowstone” and its prequels “1883” and “1923.” But some of Montana’s most intriguing areas are those that remain untouched by the limelight. The Hi-Line is one of them. It’s the stretch of U.S. Highway 2 that… Continue reading A Slice of Big Sky Country You Won’t See on ‘Yellowstone’
The Big Number: 30,000
At the moment, Tesla accounts for more than half the fast chargers in the United States. Last month, Ford Motor and G.M. struck a deal that would allow them to adopt Tesla’s charging technology and, separately, Tesla has pledged to make more of its chargers available to other car brands. The collaboration announced on Wednesday… Continue reading The Big Number: 30,000