Ford revealed the electric 2023 Explorer for Europe on March 21, 2023. Ford DETROIT — Ford Motor on Tuesday unveiled its first all-new electric vehicle exclusively for the European market and said it plans to leverage the well-known Explorer nameplate to gain traction. The EV crossover is part of Ford’s plans to transition its European… Continue reading Ford reveals new Explorer EV for the European market
Author: CNBC Online news
Dodge resurrects controversial Challenger SRT Demon for final year of V8 muscle cars
2023 Dodge Challenger SRT Demon 170 Dodge DETROIT — Dodge is resurrecting its controversial muscle car model, the Challenger SRT Demon, as a final special edition of the vehicle before production of the brand’s current V8 engine cars ends later this year. The limited-edition drag racing car will be the fastest, most powerful version of… Continue reading Dodge resurrects controversial Challenger SRT Demon for final year of V8 muscle cars
General Motors’ China business is hurting, and it’s not just because of Covid
A worker checks the quality of a vehicle before rolling off the assembly line at the production workshop of SAIC General Motors Wuling in Qingdao, East China’s Shandong province, Jan. 28, 2023. (Photo credit should read CFOTO | Future Publishing | Getty Images General Motors is losing ground in China, its top sales market for more… Continue reading General Motors’ China business is hurting, and it’s not just because of Covid
BMW expects higher margin and deliveries in 2023 amid electric rollout
Spencer Platt | Getty Images News | Getty Images German automaker BMW on Wednesday set out targets to slightly increase margins for its automotive segment and raise deliveries this year, as it pushes ahead with the rollout of its electric fleet. The company said it expects an EBIT (earnings before interest and taxes) margin of… Continue reading BMW expects higher margin and deliveries in 2023 amid electric rollout
Volkswagen announces five-year $193 billion investment plan as electrification gathers pace
People look at the Volkswagen id buzz electric car during the press day at the Los Angeles Auto Show in Los Angeles, California, November 17, 2022. Mike Blake | Reuters Volkswagen on Tuesday announced plans to invest 180 billion euros ($192.6 billion) between 2023 and 2027, with more than two thirds targeting “electrification and digitalization.”… Continue reading Volkswagen announces five-year $193 billion investment plan as electrification gathers pace
Rivian is revisiting its exclusivity agreement with Amazon for EV delivery trucks
One of Amazon’s new electric delivery vans from Rivian gets ready to leave the Amazon Distribution Facility on Cyber Monday on November 28, 2022 in Aurora, Colorado. Rj Sangosti | Denver Post | Getty Images Rivian and Amazon are in discussions to adjust the exclusivity clause of their agreement for the EV maker’s electric delivery… Continue reading Rivian is revisiting its exclusivity agreement with Amazon for EV delivery trucks
Luxury automaker Porsche issues growth outlook after record 2022 earnings
The all-electric Porsche Taycan Turbo. Source: Porsche AG Luxury automaker Porsche AG issued an ambitious long-term outlook of more than 20% of return on sales, after posting record 2022 earnings on Monday on the back of higher deliveries. The carmaker said its operating profit rose by 27% to 6.77 billion euros ($7.23 billion) last year,… Continue reading Luxury automaker Porsche issues growth outlook after record 2022 earnings
Ford recalling 18 electric F-150 Lightning pickup trucks after battery fire
Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Bill Pugliano | Getty Images News | Getty Images DETROIT… Continue reading Ford recalling 18 electric F-150 Lightning pickup trucks after battery fire
31% of new cars sold for above sticker price last month. These 10 models have the biggest premiums
If you’re in the market for a new car, be prepared for the possibility of paying more than sticker price. The average new-car price in February was $45,296, compared with the average manufacturer’s suggested retail price, or MSRP, of $41,637, according to new research from iSeeCars.com. An estimated 31% of new vehicles were sold above… Continue reading 31% of new cars sold for above sticker price last month. These 10 models have the biggest premiums
GM offers buyouts to ‘majority’ of U.S. salaried workers
watch now DETROIT – General Motors will offer voluntary buyouts to a “majority” of its 58,000 U.S. white-collar employees, as it aims to cut $2 billion in structural costs over the next two years, according to a letter sent to workers Thursday from CEO Mary Barra. The “Voluntary Separation Program,” or VSP, will be offered to… Continue reading GM offers buyouts to ‘majority’ of U.S. salaried workers