2022 Ford F-150 Lightning Ford DETROIT — The electric Ford F-150 Lightning was named MotorTrend’s 2023 truck of the year Tuesday, topping traditional pickups with internal combustion engines from General Motors, Stellantis and Toyota Motor. The prestigious title and accompanying “Golden Caliper” award are highly sought by automakers globally every year. They are used to… Continue reading Electric Ford F-150 Lightning named MotorTrend’s truck of the year
Author: CNBC Online news
GM, Stellantis rank as worst automakers for fuel efficiency, even amid EV push, EPA says
GMC vehicles sit on display at the Sterling McCall Buick GMC dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images DETROIT – General Motors may be transitioning to an all-electric future, but its recent vehicle fleet ranked among the least efficient and most polluting in the U.S. automotive industry, according to… Continue reading GM, Stellantis rank as worst automakers for fuel efficiency, even amid EV push, EPA says
Elon Musk is no longer the richest person in the world
SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Blake | Reuters Tesla CEO Elon Musk is no longer the richest person in the world. He ceded that title to LVMH chairman… Continue reading Elon Musk is no longer the richest person in the world
Rivian pauses plans to make electric vans in Europe with Mercedes-Benz
An Amazon Rivian electric delivery van at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Rivian said Monday it was pausing plans to manufacture electric commercial vans in Europe and would “no longer pursue” the agreement it made with Mercedes-Benz just three… Continue reading Rivian pauses plans to make electric vans in Europe with Mercedes-Benz
Electric school buses are giving kids a cleaner, but costlier, ride to class
BEVERLY, Mass. — It’s a gray November morning, and we’re on board a long, yellow school bus. The bus bounces over this Boston suburb’s patched streets in a way that would be familiar to anyone who ever rode a bus to class. But the bus is quiet – and not just because there are no… Continue reading Electric school buses are giving kids a cleaner, but costlier, ride to class
Stellantis to indefinitely idle Jeep plant, lay off workers to cut costs for EVs
2016 Jeep Cherokee Sport Source: Jeep DETROIT – Stellantis said Friday that it plans to indefinitely idle a Jeep plant in Illinois, starting early next year, to cut costs as it invests in electric vehicles. The transatlantic automaker, formerly known as Fiat Chrysler, said the plant will cease production as of Feb. 28. The more… Continue reading Stellantis to indefinitely idle Jeep plant, lay off workers to cut costs for EVs
Getaround stock crashes after carsharing company goes public in SPAC deal
Paul Chinn | San Francisco Chronicle | Getty Images Carsharing company Getaround made its public market debut Friday through a merger with blank-check company InterPrivate II Acquisition Corp. The company saw its share value drop more than 65%, reflecting the chilly environment for both SPACs and ridesharing companies. Getaround, which made the very first CNBC… Continue reading Getaround stock crashes after carsharing company goes public in SPAC deal
GM battery plant workers vote to unionize with UAW, a key win for labor as industry shifts to EVs
Speaking in front of a backdrop of American-made vehicles and a United Auto Workers (UAW) sign, Democratic U.S. presidential nominee and former Vice President Joe Biden speaks about new proposals to protect U.S. jobs during a campaign stop in Warren, Michigan, U.S., September 9, 2020. Leah Millis | Reuters DETROIT — Workers at a General Motors… Continue reading GM battery plant workers vote to unionize with UAW, a key win for labor as industry shifts to EVs
SpaceX, Tesla, and Boring Company execs are helping Elon Musk at Twitter, records reveal
An image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022. STR | Nurphoto | Getty Images Elon Musk led a $44 billion acquisition of Twitter and appointed himself CEO there in late October. Ever since, he has enlisted high-ranking executives… Continue reading SpaceX, Tesla, and Boring Company execs are helping Elon Musk at Twitter, records reveal
Used vehicle demand and prices continue to decline from record highs
A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images DETROIT – Wholesale prices of used vehicles reached their lowest level in more than a year last month, as retail sales decline amid interest rate hikes, rising new vehicle availability… Continue reading Used vehicle demand and prices continue to decline from record highs