The front seats of the Aito M9 SUV can be adjusted to create reclining chairs for the second row. Passengers can watch a movie on the roll-down projector screen while storing drinks in a refrigerator compartment. CNBC | Evelyn Cheng BEIJING — Hot competition in China’s electric car market is pushing local automakers to sell… Continue reading China’s EV players ramp up competition with Tesla using new tech
Author: CNBC Online news
Amazon wants to shape the future of car-buying. Dealers are skeptical
The total addressable market for new and used car sales in the U.S. is estimated to be somewhere between $2.5 trillion and $3 trillion, according to the National Automobile Dealers Association. And e-commerce behemoth Amazon is attempting to do what insiders say no one has been able to do yet: bring a seamless online shopping… Continue reading Amazon wants to shape the future of car-buying. Dealers are skeptical
GM unveils 2025 Chevy Equinox with new rugged design, standard heated seats
The 2025 Chevrolet Equinox RS. Chevrolet DETROIT — General Motors is redesigning its gas-powered Chevrolet Equinox crossover to look more rugged than its predecessors in an attempt to move the vehicle upmarket and attract new buyers. The 2025 Equinox, which GM revealed Tuesday, will feature additional standard safety and convenience features. Brad Franz, director of… Continue reading GM unveils 2025 Chevy Equinox with new rugged design, standard heated seats
Why China poses a growing threat to the U.S. auto industry
A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) Vcg | Visual China Group | Getty Images DETROIT — Chinese automakers pose a growing threat to their American counterparts — even without selling directly to consumers in the U.S.… Continue reading Why China poses a growing threat to the U.S. auto industry
Here’s what I’m watching to see where the market goes next after the S&P 500 record close
We don’t know what we want. This week, we will find out what it is that will propel us forward or turn us back after the S & P 500 on Friday closed at a new record high for the first time in more than two years. For example, we have three rails that report… Continue reading Here’s what I’m watching to see where the market goes next after the S&P 500 record close
Ford’s move to cut F-150 Lightning production will help the automaker optimize profitability
Ford ‘s plans to reduce production of its all-electric pickup and increase production on popular legacy vehicles will allow the automaker to secure better profits and narrow EV losses. Ford announced Friday it’s reducing production of its F-150 Lightning all-electric pickup truck, starting April 1, due to slowing demand for EVs. The automaker said the… Continue reading Ford’s move to cut F-150 Lightning production will help the automaker optimize profitability
Ford’s move to cut F-150 Lightning production will help the automaker optimize profitability
Ford ‘s plans to reduce production of its all-electric pickup and increase production on popular legacy vehicles will allow the automaker to secure better profits and narrow EV losses. Ford announced Friday it’s reducing production of its F-150 Lightning all-electric pickup truck, starting April 1, due to slowing demand for EVs. The automaker said the… Continue reading Ford’s move to cut F-150 Lightning production will help the automaker optimize profitability
Stellantis CEO says automaker won’t sell EVs at a loss like other carmakers
Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023. David Dee Delgado | Reuters Stellantis won’t sell electrified vehicles such as hybrids and all-electric models at a loss like other automakers have, CEO Carlos Tavares said Friday. Tavares, who has… Continue reading Stellantis CEO says automaker won’t sell EVs at a loss like other carmakers
Stellantis CEO says automaker won’t sell EVs at a loss like other carmakers
Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023. David Dee Delgado | Reuters Stellantis won’t sell electrified vehicles such as hybrids and all-electric models at a loss like other automakers have, CEO Carlos Tavares said Friday. Tavares, who has… Continue reading Stellantis CEO says automaker won’t sell EVs at a loss like other carmakers
Ford cuts production of F-150 Lightning EV, adds jobs at Bronco and Ranger plant
watch now DETROIT – Ford Motor is increasing production of its Bronco SUV and Ranger pickup, while cutting output of its all-electric F-150 Lightning, the automaker said Friday. Ford said the production changes are intended to match output with customer demand. They mark the latest cuts or delays to production of EVs amid slower-than-expected customer… Continue reading Ford cuts production of F-150 Lightning EV, adds jobs at Bronco and Ranger plant