Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DEARBORN, Mich. – Ford Motor made its case to Wall Street at an investor event Monday, sharing details of its plan to profitably build millions of EVs while growing its traditional operations. Ford CEO Jim Farley kicked off the… Continue reading Ford lays out its plans to ramp EVs and boost profits in key capital markets day
Author: CNBC Online news
GM will introduce an all-electric Cadillac Escalade ‘IQ’ later this year
GM’s first all-electric Cadillac Escalade will be called the “Escalade IQ,” which continues Cadillac’s EV naming strategy that so far includes the Lyriq crossover and upcoming Celestiq ultra-luxury sedan. GM DETROIT – General Motors on Monday confirmed plans to introduce an all-electric version of its flagship Cadillac Escalade later this year. The Detroit automaker said… Continue reading GM will introduce an all-electric Cadillac Escalade ‘IQ’ later this year
Ford announces key EV minerals deals ahead of crucial capital markets day
A Ford F-150 Lightning Platinum electric truck during the 2022 New York International Auto Show (NYIAS) in New York, U.S., on Thursday, April 14, 2022. The NYIAS returns after being cancelled for two years due to the Covid-19 pandemic. Michael Nagle | Bloomberg | Getty Images Ford Motor on Monday announced a series of new… Continue reading Ford announces key EV minerals deals ahead of crucial capital markets day
What to know about buying a used electric vehicle as more hit the auto sales market
A 2019 pre-owned Nissan Leaf SV on the lot in 2022 during the chip shortage that depleted stock of new auto inventory. Boston Globe | Boston Globe | Getty Images Affordable EVs have been on sale in the U.S. well over a decade and the data analytics company Experian says about 2.2 million were on… Continue reading What to know about buying a used electric vehicle as more hit the auto sales market
Monday is Ford’s chance to convince Wall Street skeptics of its EV plans
Jim Farley, Ford CEO Ford DETROIT — Ford Motor on Monday will attempt to turn skeptics of its electric vehicle growth plans, which some Wall Street analysts have called “ambitious” and “crazy high,” into believers. The Detroit automaker will host its capital markets day, during which it has promised to provide details of how Ford… Continue reading Monday is Ford’s chance to convince Wall Street skeptics of its EV plans
Ford, GM and Toyota push into midsize pickup trucks, the latest battleground for U.S. automakers
2024 Toyota Tacoma Trailhunter Toyota DETROIT — Size matters. Just ask America’s largest automakers. Ford, General Motors and Toyota are among those increasingly looking to capitalize on the growing midsize pickup truck segment: vehicles big enough to command high price tags but small enough to protect profit margins. The small pickups have evolved from entry-level… Continue reading Ford, GM and Toyota push into midsize pickup trucks, the latest battleground for U.S. automakers
Bentley car review: The $384,000 Continental GTC Speed offers a smooth and powerful ride
Bentley’s new supercar, the Continental GTC Speed, is a swan song for 12-cylinder luxury vehicles as we enter the age of EVs. Go to Source
Toyota redesigns bestselling Tacoma pickup amid increased midsize competition
2024 Toyota Tacoma Trailhunter Toyota Toyota Motor is counting on the fourth generation of its Tacoma truck, including a new “Trailhunter” model, to help maintain its leadership in the growing U.S. midsize pickup market. The Tacoma has led the midsize pickup segment in sales for nearly 20 years, as competitors such as Ford, Jeep and… Continue reading Toyota redesigns bestselling Tacoma pickup amid increased midsize competition
Bentley CEO says customization craze among the wealthy is boosting profit
Bentley CEO Adrian Hallmark. Scott Mlyn | CNBC After a record-breaking year in 2022, Bentley Motors reported surging profits in the first quarter due in large part to car customization, CEO Adrian Hallmark said. Bentley reported its best-ever first quarter, with operating profits up 27% to 216 million euros, or about $232 million. Even more… Continue reading Bentley CEO says customization craze among the wealthy is boosting profit
Elon Musk subpoena in Epstein-JPMorgan lawsuit can be served to Tesla, judge rules
Ghislaine Maxwell and Elon Musk attend the 2014 Vanity Fair Oscar Party Hosted By Graydon Carter on March 2, 2014 in West Hollywood, California. Kevin Mazur | vf14 | Wireimage | Getty Images A federal judge ruled Wednesday that the U.S. Virgin Islands can serve a subpoena for Elon Musk to his electric car company… Continue reading Elon Musk subpoena in Epstein-JPMorgan lawsuit can be served to Tesla, judge rules