2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor recorded a net loss of $827 million during the third quarter, weighed down by supply chain problems and costs related to disbanding its autonomous vehicle unit Argo AI. Still, the automaker was able to narrowly beat Wall Street’s subdued expectations for the period and guided… Continue reading Ford reveals third-quarter net loss, weighed down by supply chain problems and Argo AI investment
Author: CNBC Online news
South Korea, U.S. in ‘intense conversation’ over EV tax credits, ambassador says
Hyundai executives and government officials break ground on the automaker’s new “Metaplant America” in Bryan County, Georgia, on Tues., Oct. 25, 2022. CNBC | Michael Wayland SAVANNAH, Ga. – South Korean officials are working closely with the U.S. government to adjust restrictive regulations on electric vehicles under the recently passed Inflation Reduction Act, according to… Continue reading South Korea, U.S. in ‘intense conversation’ over EV tax credits, ambassador says
Ford unveils 2023 Escape to sell alongside Bronco Sport in highly competitive compact SUV segment
2023 Ford Escape ST-Line Elite Ford DETROIT — Ford Motor is updating its popular Escape as part of a two-pronged sales strategy alongside the newer, more rugged Bronco Sport in the highly competitive compact SUV segment. Ford expects the new design of the 2023 Escape, in combination with additional convenience and safety technologies, to help… Continue reading Ford unveils 2023 Escape to sell alongside Bronco Sport in highly competitive compact SUV segment
France enters ‘white gold’ rush as top producer aims to supply Europe with lithium
A Lithium-ion battery photographed at a Volkswagen facility in Germany. The EU is looking to increase the number of electric vehicles on its roads in the coming years. Ronny Hartmann | AFP | Getty Images Paris-headquartered minerals giant Imerys plans to develop a lithium extraction project that it’s hoped will help meet demand and secure… Continue reading France enters ‘white gold’ rush as top producer aims to supply Europe with lithium
General Motors posts big third-quarter earnings beat but holds full-year guidance steady amid ‘headwinds’
watch now DETROIT – General Motors easily beat Wall Street’s earnings expectations during the third quarter, while signaling caution and confirming its full-year results are likely to come in near the “midpoint” of its previously announced forecast. The Detroit automaker on Tuesday stressed that demand for its products remains strong despite outside economic concerns and… Continue reading General Motors posts big third-quarter earnings beat but holds full-year guidance steady amid ‘headwinds’
Nio, BYD and other Chinese EV stocks fell sharply amid sell-off
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio U.S.-traded shares of Chinese electric vehicle makers were among those hit by a dramatic sell-off Monday, as investors soured on non-state-run Chinese companies following a weekend of dramatic political developments in China. Shares of Li Auto ended the… Continue reading Nio, BYD and other Chinese EV stocks fell sharply amid sell-off
Chinese EV maker Xpeng debuts most advanced semi-autonomous driving system to rival Tesla
Xpeng showed off its forthcoming G9 SUV at the Chengdu auto show in August 2022. China News Service | China News Service | Getty Images Chinese electric carmaker Xpeng on Monday revealed its most advanced semi-autonomous driving system as it looks to boost appeal for its vehicles amid rising competition. Xpeng took the wraps off… Continue reading Chinese EV maker Xpeng debuts most advanced semi-autonomous driving system to rival Tesla
Tesla shares closed down 1% after Elon Musk’s EV firm cuts price of cars in China
Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, east China, Jan. 7, 2020. Ding Ting | Xinhua News Agency | Getty Images Tesla shares slipped as much as 7% Monday morning after the company cut the price of some of its cars in China. They were down more… Continue reading Tesla shares closed down 1% after Elon Musk’s EV firm cuts price of cars in China
GM’s new GMC Sierra EV will offer traditional truck buyers an upscale electric alternative to the Hummer
2024 Sierra EV Denali Edition Source: General Motors General Motors unveiled its latest electric pickup, the new electric GMC Sierra, and began taking reservations for a fully-loaded $107,000 version, called Sierra EV Denali Edition 1, on Thursday. The automaker expects to begin shipping the Edition 1 in early 2024 and to add lower-priced versions of… Continue reading GM’s new GMC Sierra EV will offer traditional truck buyers an upscale electric alternative to the Hummer
Musk says Tesla expects to meet Inflation Reduction Act requirements for new tax credits on EVs
A Tesla electric vehicle at a supercharger station in Hawthorne, California, on Aug. 9, 2022. Patrick T. Fallon | AFP | Getty Images Tesla CEO Elon Musk said during the company’s third-quarter earnings call on Wednesday evening that the company expects to fully meet the Inflation Reduction Act requirements that would allow consumers to receive… Continue reading Musk says Tesla expects to meet Inflation Reduction Act requirements for new tax credits on EVs