The Polestar 2, a battery-electric crossover SUV. Polestar owners in North America will have access to Tesla’s charging network starting next year. Source: Polestar Swedish electric vehicle maker Polestar said Thursday that it has signed a deal with Tesla that will allow drivers of its EVs to charge at about 12,000 Tesla charging stations in… Continue reading Polestar is the latest EV maker to announce a move to Tesla’s North American charging standard
Author: CNBC Online news
Volvo just became the latest EV maker to move to Tesla’s charging standard
Volvo EX30, a small electric crossover SUV, is expected to arrive in the U.S. next year. Courtesy: Volvo Swedish automaker Volvo Cars said Tuesday that it has signed a deal with Tesla that will allow drivers of its electric vehicles to charge at about 12,000 Tesla charging stations in North America starting next year. Under… Continue reading Volvo just became the latest EV maker to move to Tesla’s charging standard
Lordstown Motors files for bankruptcy, sues Foxconn over $170 million funding deal
The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Struggling electric-truck maker Lordstown Motors filed for Chapter 11 bankruptcy protection Tuesday and said that it would put itself up for sale amid an ongoing dispute over investments… Continue reading Lordstown Motors files for bankruptcy, sues Foxconn over $170 million funding deal
Ford conducts engineering layoffs in U.S. and Canada
Ford CEO Jim Farley at a battery lab for the automaker in suburban Detroit, announcing a new $3.5 billion electric vehicle battery plant in the state to produce lithium iron phosphate batteries, Feb. 13, 2023. Michael Wayland/CNBC DETROIT — Ford Motor confirmed Monday it will carry out layoffs this week, primarily affecting engineering jobs in… Continue reading Ford conducts engineering layoffs in U.S. and Canada
The Investing Club’s top 10 things to watch in the stock market Monday
1. Stock futures were muted heading into the final week of June and the second quarter. The market is coming off a week that saw all three major indices fall by at least 1%, ending multi-week winning streaks. 2. Tesla (TSLA) gets hit with another downgrade after the stock’s roughly 24% rise since the start… Continue reading The Investing Club’s top 10 things to watch in the stock market Monday
Ford’s electric future looks bright, as the automaker doubles down on batteries and cuts costs
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 Go to Source
New technologies hurt car quality as EV brands fare poorly, J.D. Power says
The 2023 Alfa Romeo Tonale. Alfa Romeo New vehicles are becoming more troublesome, due in part to new technologies including safety systems, according to the 2023 edition of J.D. Power’s Initial Quality Study released Thursday. “The automotive industry is facing a wide range of quality problems, a phenomenon not seen in the 37-year history of… Continue reading New technologies hurt car quality as EV brands fare poorly, J.D. Power says
China’s new EV subsidies might not be enough to bolster slowing growth
Cadillac advertises for its electric car in Shanghai on May 23, 2023. A traffic police woman stands below. Hugo Hu | Getty Images News | Getty Images BEIJING — Subsidies for electric cars aren’t enough to boost growth in China’s slowing economy. One of the few detailed stimulus plans Beijing has announced this year extends… Continue reading China’s new EV subsidies might not be enough to bolster slowing growth
Why GM is sunsetting the classic Chevrolet Camaro
When Francisco “Cisco” Mercado saw a bright yellow Chevrolet Camaro play one of the shapeshifting robotic superhero Transformers in the 2009 eponymous movie, he knew he had to have a real-life version. “My wife was sitting with me. I said, ‘We’re going to get that car,’” he told CNBC. “And she turned around and said,… Continue reading Why GM is sunsetting the classic Chevrolet Camaro
CEOs do matter when picking stocks. 5 things we look for in a leader and examples from our portfolio
It’s not unusual for a company’s stock price to soar — or sink — on news of a CEO shakeup. When Mary Dillon, revered on Wall Street for her eight-year run at Ulta Beauty (ULTA), was named to the top job at Foot Locker (FL) last year, the shoe retailer’s stock jumped 20% in a… Continue reading CEOs do matter when picking stocks. 5 things we look for in a leader and examples from our portfolio