A Ford Lighting pickup is displayed outside the New York Stock Exchange (NYSE) in New York City, U.S., March 23, 2023. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters DETROIT – Ford Motor on Tuesday reported a roughly 10% increase in its quarterly U.S. sales, led by jumps in its critical F-Series pickups and Bronco SUVs. The… Continue reading Ford’s first-quarter sales increase 10.1% on improved F-Series truck production
Author: CNBC Online news
Tesla ordered by jury to pay more than $3 million to Black ex-worker who endured racist abuse
An aerial view shows the Tesla Fremont Factory in Fremont, California on February 10, 2022. Josh Edelson | AFP | Getty Images A San Francisco federal jury has ordered Tesla to pay $3 million in punitive damages and $175,000 in non-economic damages to Owen Diaz, a former elevator operator at the company’s factory in Fremont,… Continue reading Tesla ordered by jury to pay more than $3 million to Black ex-worker who endured racist abuse
Tesla shares drop after deliveries report raises investor concern that more price cuts are coming
Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. The Tesla plant was opened and put into operation on March 22, 2022. Patrick Pleuil | Picture Alliance | Getty Images Tesla shares closed down 6% on Monday after the company’s quarterly deliveries report led some… Continue reading Tesla shares drop after deliveries report raises investor concern that more price cuts are coming
General Motors’ U.S. sales jump 18% in the first quarter
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership on January 05, 2023 in Austin, Texas. Brandon Bell | Getty Images General Motors said Monday that its first-quarter U.S. sales rose 18% from a year ago, to just over 600,000 vehicles delivered, as it continued its rebound from… Continue reading General Motors’ U.S. sales jump 18% in the first quarter
Rivian says it remains on track to build 50,000 EVs in 2023
The Rivian name is shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022. Mike Blake | Reuters Electric vehicle maker Rivian Automotive said Monday that its first-quarter deliveries were in line with expectations and that it remains on track to produce 50,000 EVs in 2023. Rivian said in… Continue reading Rivian says it remains on track to build 50,000 EVs in 2023
Chinese EV brand Li Auto sees first-quarter deliveries surge by 66%
Chinese electric car startup Li Auto saw deliveries surge by nearly 66% in the first quarter from a year ago. Zhang Peng | Lightrocket | Getty Images BEIJING — Chinese electric car brand Li Auto delivered more cars in March than Xpeng did in the first quarter, according to company releases. Li Auto delivered 20,823… Continue reading Chinese EV brand Li Auto sees first-quarter deliveries surge by 66%
Tesla reports 422,875 deliveries for first quarter of 2023
Tesla Superchargers are seen at a charging station on March 17, 2023 in Beijing, China. Vcg | Visual China Group | Getty Images Tesla on Sunday posted its first-quarter vehicle production and delivery report for 2023. Here are the key numbers from the electric vehicle maker: Total deliveries Q1 2023: 422,875 Total production Q1 2023: 440,808… Continue reading Tesla reports 422,875 deliveries for first quarter of 2023
California to require half of all heavy trucks sales to be electric by 2035
A driver operates a Daimler Freightliner eCascadia all-electric semitruck during a Meijer delivery in Bath, Michigan, US, on Tuesday, Feb. 14, 2023. Emily Elconin | Bloomberg | Getty Images The Environmental Protection Agency on Friday said it’s granting California the legal authority to require that half of all heavy-duty truck sales in the state be… Continue reading California to require half of all heavy trucks sales to be electric by 2035
Tesla issues recall on Semi over defective brake module, rollaway risk
Tesla Semi Courtesy: Tesla Tesla has issued a voluntary recall on the Semi, a first since the company began deliveries of the heavy-duty electric trucks to customers in December 2022. According to recall filings posted on the website of the National Highway Traffic Safety Administration, 35 Semi trucks were affected. The trucks were built with… Continue reading Tesla issues recall on Semi over defective brake module, rollaway risk
Nikola shares sink after its $100 million stock offering priced at 20% below market
Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said that its planned $100 million secondary stock offering, announced on Thursday after U.S. markets closed, has priced at $1.12 per share – 20% below the stock’s Thursday closing price of $1.40. Nikola’s shares closed on Friday at $1.21, down over 13%. Even with… Continue reading Nikola shares sink after its $100 million stock offering priced at 20% below market