A Tesla Model Y is seen on a Tesla car lot on May 31, 2023 in Austin, Texas. Tesla’s Model Y has become the world’s best selling car in the first quarter of 2023. Brandon Bell | Getty Images DETROIT – Legacy automakers continue to promise big increases in production and sales of battery-electric vehicles,… Continue reading EV sales: Hyundai overtakes GM, but Tesla’s U.S. dominance continues
Author: CNBC Online news
Nikola falls short of winning shareholder support to issue new stock – but a new law may help
Nikola TRE FCEV2 Courtesy: Nikola Electric truck maker Nikola is still short of winning shareholder approval to issue new stock and has once again adjourned its annual meeting to try to win more support, the company said on Thursday. Nikola had adjourned its June 6 annual meeting until Thursday to try to drum up more… Continue reading Nikola falls short of winning shareholder support to issue new stock – but a new law may help
What Ford’s buoyant quarterly sales reveal about progress toward its ambitious EV goals
Resilient quarterly auto sales from Club name Ford Motor (F) on Thursday bolstered our confidence in the company’s transformation strategy to support its electric vehicle future. Ford reported total U.S. auto sales of 531,662 during the second quarter, a 9.9% year-over-year increase, a second straight quarterly advance. Those gains were driven by a 34% increase… Continue reading What Ford’s buoyant quarterly sales reveal about progress toward its ambitious EV goals
Nikola will soon find out whether its shareholders have approved its plan to sell more stock
Nikola TRE FCEV2 Courtesy: Nikola Electric heavy-truck maker Nikola will find out later Thursday whether its shareholders have approved its plan to raise money by selling more stock. Nikola hopes to raise more capital to help ramp up production of its new fuel-cell-powered electric heavy truck, set to launch later this month. But before it… Continue reading Nikola will soon find out whether its shareholders have approved its plan to sell more stock
NHTSA presses Tesla for more records in Autopilot safety probe
Chief Executive Officer of SpaceX and Tesla and owner of Twitter, Elon Musk attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre on June 16, 2023 in Paris, France. Chesnot | Getty Images Tesla must send extensive new records to the National Highway Traffic and Safety Administration… Continue reading NHTSA presses Tesla for more records in Autopilot safety probe
Volkswagen will start testing self-driving cars in Austin as it moves on from Argo AI
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
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