Volkswagen Group of America (VWGoA) starting its first autonomous vehicle test program in Austin beginning in July 2023. Courtesy: Volkswagen AG Volkswagen said Thursday that it will begin testing self-driving electric vehicles in Austin, Texas, later this month. The German auto giant said it will deploy about 10 of its ID Buzz electric vans equipped… Continue reading Volkswagen will start testing self-driving cars in Austin as it moves on from Argo AI
Author: CNBC Online news
GM second-quarter sales increase 18.8% as supply chain stabilizes
2024 Chevrolet Silverado HD ZR2 GM DETROIT – General Motors’ U.S. vehicle sales increased by 18.8% in the second quarter compared with subdued results a year ago when the automaker was battling supply chain issues. The Detroit automaker reported sales Wednesday of 691,978 new vehicles from April through June. That compared with 582,401 vehicles during… Continue reading GM second-quarter sales increase 18.8% as supply chain stabilizes
BYD launches its most direct Tesla competitor yet
BYD Vice President Yang Dongsheng speaks at a launch event for the Denza N7 electric SUV on July 3, 2023, in Beijing. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese electric car giant BYD is launching a new electric SUV, its most direct competitor yet to Tesla’s Model Y. BYD’s Denza brand said Monday… Continue reading BYD launches its most direct Tesla competitor yet
Dodge Durango, Jeep SUVs push Stellantis second-quarter sales up 6.4%
2021 Dodge Durango SRT Hellcat Fiat Chrysler DETROIT – Higher sales of the Chrysler Pacifica minivan and Jeep Compass and Dodge Durango SUVs pushed Stellantis’ second-quarter U.S. new vehicle sales up 6.4% from a year earlier. The uptick is another sign of demand for new vehicles rebounding, as inventories of cars and trucks improve from… Continue reading Dodge Durango, Jeep SUVs push Stellantis second-quarter sales up 6.4%
Rivian shares surge as second-quarter EV deliveries top estimates
People walk by electric truck maker Rivian’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 jumped 17.4% on Monday after the electric vehicle maker beat Wall Street expectations for quarterly deliveries. Rivian on Monday reported 12,640 vehicle… Continue reading Rivian shares surge as second-quarter EV deliveries top estimates
Shares of Chinese Tesla rival Xpeng climb as EV deliveries return to growth
A XPeng Inc. G6 electric sport utility vehicle (SUV). The company is hoping the release of the new car will boost sales which plunged in the first quarter. Qilai Shen | Bloomberg | Getty Images Shares of Xpeng were higher Monday in the U.S. after the Chinese electric vehicle maker reported a quarterly return to… Continue reading Shares of Chinese Tesla rival Xpeng climb as EV deliveries return to growth
Tesla reported 466,140 deliveries for the second quarter, and production of 479,700 vehicles
Tesla posted its second-quarter vehicle production and delivery report for 2023 on Sunday. Here are the key numbers from the electric vehicle maker: Total deliveries Q2 2023: 466,140 Total production Q2 2023: 479,700 The numbers beat analysts’ expectations and indicate that deliveries rose 83% year-over-year for Tesla after Elon Musk’s auto business added manufacturing capacity, and… Continue reading Tesla reported 466,140 deliveries for the second quarter, and production of 479,700 vehicles
With just 8% of new vehicles costing under $30,000, ‘it’s the least affordable car market in modern history,’ expert says
watch now Car shoppers like luxury Well before the Covid-19 pandemic, consumer tastes had started to steadily shift away from sedans toward more expensive SUVs and trucks. Then, car buyers piled on options, such as high-tech touch screens, ambient lighting, 360-degree cameras and heated and cooled seats. “There’s a war of features,” said Ivan Drury,… Continue reading With just 8% of new vehicles costing under $30,000, ‘it’s the least affordable car market in modern history,’ expert says
Why Ford says new high-tech features for its Super Duty trucks will save marriages
2023 Ford Super Duty F-350 Limited Ford DETROIT — Let’s set a scene: A pickup driver and their spouse, the truck in reverse, attempting to align the hitch ball on the pickup with a coupler on the trailer. “A little left. No, your left. No, YOUR left. OK, now a little right. Never mind. Let’s… Continue reading Why Ford says new high-tech features for its Super Duty trucks will save marriages
Why the electric vehicle boom could put a major strain on the U.S. power grid
Over half of all new cars sold in the U.S. by 2030 are expected to be electric vehicles. That could put a major strain on our nation’s electric grid, an aging system built for a world that runs on fossil fuels. Domestic electricity demand in 2022 is expected to increase up to 18% by 2030… Continue reading Why the electric vehicle boom could put a major strain on the U.S. power grid