Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters DETROIT – Ford Motor CEO Jim Farley on Thursday urged… Continue reading Ford CEO tells Wall Street to forget Tesla, says ‘Pro’ business is the future of the auto industry
Author: CNBC Online news
Jeep, Dodge-maker Stellantis’ profit slides as Detroit Three strikes bite
(L-R) United Auto Workers (U.A.W.) members Kaleb Delfine, Bryan Broecker, Michael Gatto and James Triplett picket outside the Jeep Plant on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty Images Global auto giant Stellantis on Thursday reported a 10% year-on-year fall in profit in the second half of 2023, as six-week strikes at… Continue reading Jeep, Dodge-maker Stellantis’ profit slides as Detroit Three strikes bite
SpaceX files to move incorporation site from Delaware to Texas
A SpaceX Falcon 9 rocket lifts off on the USSF-124 mission for the U.S. Space Force and Missile Defense Agency in Cape Canaveral, Florida, U.S., February 14, 2024. Joe Skipper | Reuters SpaceX has filed to change its incorporation location to Texas from Delaware, according to public filings with the Texas secretary of state’s office.… Continue reading SpaceX files to move incorporation site from Delaware to Texas
Ford facing potential strike of 3,000 UK white-collar workers
The logo of car manufacturer Ford is pictured in Inwood, New York, on February 5, 2024. Charly Triballeau | AFP | Getty Images LONDON — Ford was warned Wednesday that more than 3,000 white-collar workers across the U.K. could launch industrial action after union members rejected a pay offer from the U.S. automotive giant. Unite,… Continue reading Ford facing potential strike of 3,000 UK white-collar workers
Waymo issues a voluntary recall on its self-driving vehicle software
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | Reuters Waymo has filed a voluntary recall notice with federal vehicle safety regulators for software that was previously used in their driverless cars, the company announced Tuesday, marking a first for Alphabet‘s self-driving vehicle unit.… Continue reading Waymo issues a voluntary recall on its self-driving vehicle software
Tesla board silent as investors await next steps after court revokes Elon Musk’s $56 billion pay package
Elon Musk, CEO of Tesla and X, speaks at the Atreju political convention organized by Fratelli d’Italia (Brothers of Italy), in Rome, Dec. 15, 2023. Antonio Masiello | Getty Images Two weeks after a Delaware court ruled that Tesla must rescind Elon Musk’s $56 billion pay package, the company’s board remains mum on what the… Continue reading Tesla board silent as investors await next steps after court revokes Elon Musk’s $56 billion pay package
Chrysler reveals new Halcyon concept car as direction for future EVs
The Chrysler Halcyon concept car. Stellantis DETROIT — Chrysler revealed the direction of its future products on Tuesday with a new concept car called “Halcyon,” as the once prominent auto company attempts to drum up attention amid a dearth of new products. The concept car is a sleek, future-looking sports car that’s designed to incorporate… Continue reading Chrysler reveals new Halcyon concept car as direction for future EVs
Car repairs are getting more expensive. Here’s why
Your eyes aren’t fooling you — your car repair bill really is getting more expensive. Several factors are pushing costs up: heavier, more complex vehicles, new materials and manufacturing methods, a worsening dearth of talented technicians and pandemic-induced supply shortages. “Customers definitely are getting sticker shock,” said David Goldsmith, who owns Urban Classics, a repair… Continue reading Car repairs are getting more expensive. Here’s why
To get the $7,500 electric vehicle tax credit, you may no longer have to wait until tax season
Halfpoint Images | Moment | Getty Images Consumers no longer have to wait to file their annual tax returns to get a tax break for the purchase of a new electric vehicle. At the start of 2024, the federal “new clean vehicle” tax credit became available as a point-of-sale discount — worth up to $7,500… Continue reading To get the $7,500 electric vehicle tax credit, you may no longer have to wait until tax season
New Kia Carnival minivan will be offered as a hybrid and maintain its SUV design
2025 Kia Carnival Kia CHICAGO – Kia Motors is adding a hybrid model to its Carnival minivan to meet increasing consumer demand for the technology and assist in meeting tightening federal fuel economy standards. Hybrids are a growing option for automakers as they strive to make vehicles more efficient and avoid costly federal fuel economy… Continue reading New Kia Carnival minivan will be offered as a hybrid and maintain its SUV design