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
Author: CNBC Online 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
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
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
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
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
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
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
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
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