watch now General Motors continues to monitor Twitter and evaluate its decision to suspend advertising on the social media platform following Elon Musk’s takeover of the company, CEO Mary Barra told CNBC Tuesday. Barra said that the automaker’s decision to suspend advertising in October was in part an effort to protect its brands but was… Continue reading GM continues to evaluate Twitter advertising suspension following Musk takeover
Author: CNBC Online news
Ford CEO says 65% of U.S. dealers agree to sell EVs under company’s investment programs
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – About 65% of Ford Motor’s dealers have agreed to sell electric vehicles as the company invests billions to expand production and sales of the battery-powered cars and trucks, CEO Jim Farley said Monday. About 1,920… Continue reading Ford CEO says 65% of U.S. dealers agree to sell EVs under company’s investment programs
DHL buying Ford E-Transit cargo vans showcases the automaker’s electric vehicle strategy
Delivery giant DHL and Club holding Ford Motor (F) struck an electric van and software deal that bolsters the automaker’s multipronged EV strategy, an approach that’s central to why we own the stock. The news DHL will acquire 2,000 Ford E-Transit cargo vans by the end of 2023, the companies announced Monday. The agreement also includes… Continue reading DHL buying Ford E-Transit cargo vans showcases the automaker’s electric vehicle strategy
These 10 cars have the greatest potential lifespan — and 6 are Toyotas
watch now New cars are getting increasingly expensive. But they’re also more durable than before, which means drivers have a better chance of getting their money’s worth. As the average transaction price for new cars reached an estimated $45,872 in November — the highest on record, according to a joint forecast from J.D. Power and LMC… Continue reading These 10 cars have the greatest potential lifespan — and 6 are Toyotas
GM, LG investing $275 million to expand Tennessee EV battery plant
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors General Motors and LG Energy Solution will spend an additional $275 million in their joint venture battery plant in Tennessee to increase production by more… Continue reading GM, LG investing $275 million to expand Tennessee EV battery plant
Ford claims No. 2 spot in EVs behind Tesla – but gap remains wide
Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor said Friday that it has achieved CEO Jim Farley’s goal of becoming the second best-selling automaker of electric vehicles in the U.S.… Continue reading Ford claims No. 2 spot in EVs behind Tesla – but gap remains wide
Toyota secures funding to develop hydrogen fuel cell version of its Hilux pickup in the UK
A Toyota logo displayed on a vehicle in Poland. The Japanese automotive giant started working on the development of fuel cell vehicles back in 1992. Artur Widak | Nurphoto | Getty Images LONDON — A consortium led by automotive giant Toyota will receive millions in funding to develop a hydrogen fuel cell pickup truck in… Continue reading Toyota secures funding to develop hydrogen fuel cell version of its Hilux pickup in the UK
Tesla CEO Elon Musk kicks off first Semi truck deliveries
Tesla CEO Elon Musk kicks off deliveries of the company’s heavy-duty truck, the Semi, at the Gigafactory in Sparks, Nevada. Tesla Inc. Tesla CEO Elon Musk kicked off deliveries of the company’s first few production Semi trucks on Thursday, speaking on stage at the company’s factory in Sparks, Nevada, with Dan Priestly, the company’s senior… Continue reading Tesla CEO Elon Musk kicks off first Semi truck deliveries
How Google’s Waze has changed from its early days as car travel is remade
Waze app with icon showing police Source: Waze In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Nobody enjoys sitting in bumper-to-bumper traffic jams, getting an arrival time delayed due to street construction and gaining more road rage by the minute as a result.… Continue reading How Google’s Waze has changed from its early days as car travel is remade
Ford CEO surprised by F-150 Lightning backup power popularity. It’s a game changer
Ford CEO Jim Farley told Jim Cramer that the F-150 Lightning’s abilities as a source of backup power for homes and job sites have been a real “eye-opener” for the automaker. Farley was responding to an inquiry from the Club after Jefferies earlier this week downgraded generator mainstay Generac on the thought that electric vehicles… Continue reading Ford CEO surprised by F-150 Lightning backup power popularity. It’s a game changer