Electric car maker Tesla CEO Elon Musk meets with French Minister for the Economy and Finances Bruno Le Maire on the sidelines of the 6th edition of the “Choose France” Summit at the Chateau de Versailles, outside Paris on May 15, 2023. Ludovic Marin | Pool | Via Reuters Sen. Elizabeth Warren, D-Mass., sent a letter… Continue reading Elizabeth Warren urges SEC to investigate Tesla over Twitter ties, corporate governance
Author: CNBC Online news
Ford cuts prices on its electric F-150 Lightning pickups by as much as $10,000
A Ford F-150 Lightning on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Ford Motor on Monday cut prices for its electric F-150 Lightning pickup, saying its efforts to boost production and lower costs for battery minerals have paid off. Ford said prices for some of the least expensive… Continue reading Ford cuts prices on its electric F-150 Lightning pickups by as much as $10,000
New York City taxis fight for survival against Uber and Lyft
New York City’s yellow taxis have been a symbol of the metropolis for decades. But taxi drivers only make up about 10% of the total driver landscape in the city — giving way to Uber and Lyft. While this is in large part due to consumer choice and the ease of ordering a ride-share car,… Continue reading New York City taxis fight for survival against Uber and Lyft
Elon Musk plans Tesla and Twitter collaborations with xAI, his new startup
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Tesla CEO Elon Musk said on Friday that he plans for his newest venture, the artificial intelligence startup xAI, to collaborate with the automaker both on the… Continue reading Elon Musk plans Tesla and Twitter collaborations with xAI, his new startup
Lucid’s second quarter deliveries fell short of estimates amid demand concerns
Visitors walk at the Lucid Air during the Mobile World Congress 2023 (MWC), the telecom industry’s biggest annual gathering on February 28, 2023 in Barcelona, Spain. Chris Jung | Nurphoto | Getty Images Luxury electric vehicle maker Lucid Group said Wednesday that it delivered 1,404 of its Air sedans to customers in the second quarter,… Continue reading Lucid’s second quarter deliveries fell short of estimates amid demand concerns
Auto industry braces for contentious contract talks as UAW formally kicks off bargaining
UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, March 27, 2023. Rebecca Cook | Reuters DETROIT — United Auto Workers President Shawn Fain promised union members he’d do things differently during contract talks with the Detroit automakers this year. Thus far, he has delivered. Fain has propelled the UAW… Continue reading Auto industry braces for contentious contract talks as UAW formally kicks off bargaining
Tesla settles class-action Solar Roof lawsuit for $6 million
Tesla vehicles parked outside a home with a Tesla Solar Roof on Weems Street in Boca Chica Village, Texas, June 21, 2021. Veronica G. Cardenas | Bloomberg | Getty Images Tesla agreed to pay just over $6 million to settle a class-action lawsuit brought by customers who faced sudden Solar Roof price hikes in 2021… Continue reading Tesla settles class-action Solar Roof lawsuit for $6 million
GM positions new Chevy Trax, Buick Envista crossovers to fill an affordability gap
2024 Buick Envista GM DETROIT – General Motors is positioning two new crossovers from Chevrolet and Buick as its answer to affordability issues left by discontinued, cheaper sedans. Affordability has increasingly become a concern among investors and consumers. Cox Automotive reports the average price paid for a new vehicle this year has ballooned to upward… Continue reading GM positions new Chevy Trax, Buick Envista crossovers to fill an affordability gap
Used car prices expected to stabilize following major decline in June
Pre-owned vehicles are seen at the Roger Beasley South dealership lot in Austin, Texas, June 7, 2023. Brandon Bell | Getty Images DETROIT — Wholesale used vehicle prices posted their largest decline last month since the beginning of the Covid-19 pandemic, as prices are set to stabilize during the second half of this year. Cox… Continue reading Used car prices expected to stabilize following major decline in June
Ford ends an era as the last Fiesta rolls off the production line
Ford Fiestas pictured at a facility in Cologne, Germany, on Feb. 14, 2023. Alex Kraus | Bloomberg | Getty Images The last Ford Fiesta is set to roll off the production line Friday, marking the end of an era that saw the vehicle become a mainstay of millions of drivers around the world. The Fiesta… Continue reading Ford ends an era as the last Fiesta rolls off the production line