A Tesla dealership in Colma, California, U.S., on Wednesday, Jan. 26, 2022. David Paul Morris | Bloomberg | Getty Images Tesla cut the price of some Model 3 and Model Y versions in the U.S. after the company reported third-quarter deliveries that missed market expectations. The starting price for the Model 3 is listed at… Continue reading Tesla cuts Model 3 and Model Y prices in the U.S. after car deliveries fall
Author: CNBC Online news
Hyundai and Kia to adopt Tesla’s EV charging tech next year
TESLA logo on a charging station on May 26, 2023. Harry Langer | Defodi Images | Getty Images Hyundai Motor and Kia announced Thursday they will soon adopt Tesla’s electric vehicle charging system, beginning in the fourth quarter of 2024 in the United States. Hyundai and Kia join others like Ford and General Motors to… Continue reading Hyundai and Kia to adopt Tesla’s EV charging tech next year
GM’s stock hits three-year low amid UAW strike, potential air bag recall
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images DETROIT – General Motors’ stock price fell below $30 a share during intraday trading Thursday for the first time in more than three years amid ongoing strikes by the United Auto… Continue reading GM’s stock hits three-year low amid UAW strike, potential air bag recall
Lucid’s shares fall after company launches a cheaper version of the Air EV to boost demand
The Lucid Air Pure is the least-expensive version of Lucid’s electric Air luxury sedan. Meghan Reeder | CNBC Shares of Lucid Group fell on Thursday after the company launched a cheaper version of its Air electric luxury sedan in a bid to stoke demand. The stock closed down about 7% on Thursday following the news.… Continue reading Lucid’s shares fall after company launches a cheaper version of the Air EV to boost demand
Jim Cramer says Ford may eventually look to shift some production to Mexico amid UAW strike
watch now As the United Auto Workers strike against the Detroit Big 3 persists, CNBC’s Jim Cramer said Thursday he believes Ford (F) may eventually consider shifting additional production to Mexico. “There is some movement between Ford and the UAW,” Cramer said on “Squawk on the Street.” However, Cramer said, “I have a feeling that,… Continue reading Jim Cramer says Ford may eventually look to shift some production to Mexico amid UAW strike
Rivian shares fell over 20% after the EV maker said it plans to raise $1.5 billion
Taylor looks at Rivian electric trucks at the auto maker’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City. Spencer Platt | Getty Images Shares of Rivian Automotive fell sharply on Thursday, after the company surprised investors with a plan to offer $1.5 billion in convertible notes.… Continue reading Rivian shares fell over 20% after the EV maker said it plans to raise $1.5 billion
GM secures new $6 billion credit line as UAW strike costs reach $200 million
watch now DETROIT – General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. “The facility that we announced today is a $6 billion line of credit that I think is prudent in light of some of the messages that we’ve seen… Continue reading GM secures new $6 billion credit line as UAW strike costs reach $200 million
Ford pickup truck sales lead third-quarter growth
Ford F-150 pickup trucks are seen on Metro Ford’s sales lot in Miami, Florida. Joe Raedle | Getty Images DETROIT – Ford Motor’s third-quarter U.S. new vehicle sales increased 7.7% compared with a year earlier, led by higher sales of traditional pickup trucks across its lineup. The Detroit automaker on Wednesday reported a 15.3% increase… Continue reading Ford pickup truck sales lead third-quarter growth
San Francisco woman trapped under autonomous Cruise vehicle after being struck in hit and run
A woman crossing a normally busy stretch of downtown San Francisco suffered serious injuries Monday night after a hit-and-run driver struck her, throwing her into the path of an oncoming driverless Cruise car, which then ran her over, according to video recorded by the autonomous vehicle that Cruise showed to the NBC Bay Area Investigative… Continue reading San Francisco woman trapped under autonomous Cruise vehicle after being struck in hit and run
GM’s third-quarter sales jump 21% as UAW strike slowly expands
United Auto Workers (UAW) members and supporters on a picket line outside the General Motors Co. Flint Processing Center in Swartz Creek, Michigan, US, on Monday, Sept. 25, 2023. Emily Elconin | Bloomberg | Getty Images DETROIT – An ongoing strike by the United Auto Workers union against the Detroit automakers had little to no… Continue reading GM’s third-quarter sales jump 21% as UAW strike slowly expands