The Ford F-150 Lightning Electric Truck. John Tlumacki | Boston Globe | Getty Images DETROIT — Ford Motor is increasing the price of some 2024 F-150 Lightning models, while lowering the costs of its most expensive models. The Detroit automaker confirmed Wednesday that new starting prices for the pickup will range from $54,995 for an… Continue reading Ford adjusts the pricing of its F-150 Lightning EV by as much as $10,000
Author: CNBC Online news
Ford adjusts the pricing of its F-150 Lightning EV by as much as $10,000
The price adjustments come as electric vehicle companies attempt to balance slower-than-expected consumer demand with profits. Go to Source
GM’s 2023 U.S. vehicle sales were its best since 2019
The 2024 Buick Envista. GM DETROIT — General Motors’ U.S. vehicle sales increased 14.1% last year to represent the automaker’s best year since 2019, prior to the effects of the Covid-19 pandemic and yearslong supply chain problems. The Detroit automaker on Wednesday reported sales of roughly 2.6 million vehicles in 2023, including 625,176 cars and… Continue reading GM’s 2023 U.S. vehicle sales were its best since 2019
Rivian stock falls 10% on declining fourth-quarter EV deliveries
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland | CNBC Shares of Rivian Automotive declined about 10% on Tuesday after the company reported increased vehicle production during the fourth quarter but fewer deliveries than the previous period. The electric vehicle company said it… Continue reading Rivian stock falls 10% on declining fourth-quarter EV deliveries
Tesla reported 485,000 deliveries for the fourth quarter, bringing 2023 total to 1.8 million
watch now Tesla just published its fourth-quarter vehicle production and deliveries report for 2023. Here are the key numbers: Total deliveries Q4 2023: 484,507Total production Q4 2023: 494,989Total annual deliveries 2023: 1,808,581Total annual production 2023: 1,845,985 In 2022, the Elon Musk-led automaker reported annual deliveries of 1.31 million and production of 1.37 million electric vehicles. The new numbers… Continue reading Tesla reported 485,000 deliveries for the fourth quarter, bringing 2023 total to 1.8 million
From FedEx to airlines, companies are starting to lose their pricing power
A FedEx worker delivers packages in New York, May 9, 2022. Andrew Kelly | Reuters After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week said customers have shied away from speedier, pricier shipping options.… Continue reading From FedEx to airlines, companies are starting to lose their pricing power
CNBC Daily Open: Will the S&P end 2023 on a record high?
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 1, 2023. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they… Continue reading CNBC Daily Open: Will the S&P end 2023 on a record high?
CNBC Daily Open: For the S&P, the last mile’s the longest
A trader reacts after the closing bell on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to… Continue reading CNBC Daily Open: For the S&P, the last mile’s the longest
Why the $7,500 electric vehicle tax credit may be easier — and harder — to get in 2024
Praetorianphoto | E+ | Getty Images The $7,500 tax credit for new electric vehicles will be easier for many consumers to claim in 2024, but it may be more difficult for others. These opposing dynamics are due to federal policies taking effect at the same time. One policy kicking in Jan. 1 will allow car… Continue reading Why the $7,500 electric vehicle tax credit may be easier — and harder — to get in 2024
China’s Xiaomi unveils its first EV as it looks to compete with Porsche, Tesla
Chinese smartphone company Xiaomi revealed on Dec. 28, 2023, its forthcoming electric car, the SU7 sedan. CNBC | Evelyn Cheng BEIJING — Chinese consumer electronics company Xiaomi on Thursday detailed plans to enter China’s oversaturated electric vehicle market and compete with automaker giants Tesla and Porsche with a car model it says it spent more… Continue reading China’s Xiaomi unveils its first EV as it looks to compete with Porsche, Tesla