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Author: CNBC Online news

Ford’s new vehicle sales slow in August, in line with expectations

Ford Motor on Friday said its U.S. sales last month increased double-digits from a year earlier but were off about 4% from the prior month. Go to Source

Published September 2, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford, Production/Sales News

China’s electric car firms, which rely heavily on Nvidia, are safe from the U.S. chip ban — for now

U.S. restrictions on Nvidia chip sales to China won’t affect Chinese electric car companies. Go to Source

Published September 2, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Production/Sales News

Car shopping over Labor Day weekend? Here’s what to expect for both new and used car prices

While the average price paid for a new car — above $46,000 — continues trending higher, used car prices are showing signs of softening. Go to Source

Published September 1, 2022
Categorized as Automotive, News Site, US Motoring Press

GM’s Cruise recalls and updates self-driving software in cars following crash

GM’s autonomous vehicle unit Cruise recalled and updated software in 80 self-driving cars after a June crash in San Francisco that resulted in minor injuries. Go to Source

Published September 1, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Autonomous, GM, Mobility, Recalls

Chinese EV stocks tank after Li Auto and Xpeng report plunge in August deliveries; Nio ekes out growth

Nio reported a 6% rise in electric vehicle deliveries in August versus July, while rivals Xpeng and Li Auto saw a fall. Go to Source

Published September 1, 2022
Categorized as Automotive, News Site, US Motoring Press

Bosch will invest $200 million to build fuel cells for electric trucks in South Carolina

Bosch will build fuel cells for electric heavy trucks, including Nikola’s, in South Carolina starting in 2026. Go to Source

Published August 31, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Tier 1 Suppliers

Toyota pledges up to $5.6 billion for EV battery production, ramps up investment in North Carolina plant

North Carolina facility will manufacture batteries for both plug-in hybrid and battery electric vehicles. Go to Source

Published August 31, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Manufacturing, People, Production/Sales News, Toyota

Autonomous delivery company Gatik wins new pilot program with Pitney Bowes in Dallas

Gatik trucks will supplement five existing Pitney Bowes routes in the Dallas area and will run packages between distribution centers. Go to Source

Published August 31, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Autonomous, Mobility

Lucid and Nikola move to raise additional funds as rising costs squeeze EV startups

Lucid and Nikola said in regulatory filings that they will issue new shares to raise cash as the EV industry faces sharply rising costs for battery minerals. Go to Source

Published August 30, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Production/Sales News

YouTube appoints Mary Ellen Coe as Chief Business Officer, following departure of Robert Kyncl

YouTube Chief Business Officer Robert Kyncl is leaving the company after more than 12 years. Go to Source

Published August 30, 2022
Categorized as Automotive, News Site, US Motoring Press

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