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Author: CNBC Online news

Chinese Tesla rival Xpeng tanks 12% after wider-than-expected loss and weak car delivery guidance

Xpeng said it expects to deliver between 29,000 and 31,000 electric vehicles in the third quarter, lower than what the market had expected. Go to Source

Published August 24, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Financial Results, Tesla

Ford to eliminate 3,000 jobs in an effort to cut costs

Ford Motor is cutting about 3,000 jobs from its global workforce, a majority of which are in North America. Go to Source

Published August 22, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford, People

Why some people hate touch screens in cars

Buttons, switches and knobs have given way to high-tech touch screens in cars. Some people find them annoying and dangerous. But they aren’t going anywhere Go to Source

Published August 22, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged People

Classic car auctions in Monterey score a record $469 million

Over 790 cars sold for a sales total of $469 million at the auctions in Monterey this weekend. Go to Source

Published August 22, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Production/Sales News

Australian bank to scrap loans for new diesel and gasoline cars as country looks to increase EV uptake

An Australian bank plans to stop giving loans for new diesel and gasoline cars as the country tries to encourage the use of electric vehicles. Go to Source

Published August 22, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles

Elon Musk says Tesla will hike the price of FSD driver assistance software by 25% in September

Elon Musk said on Sunday that Tesla plans a price increase for FSD, its premium driver assistance option. Go to Source

Published August 21, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Tesla

Motor City meets a new test in the EV transition: Keeping gearheads behind the wheel

The Detroit automakers are going to have to balance traditional muscle car performance with electrification to maintain their most loyal buyers and fans. Go to Source

Published August 20, 2022
Categorized as Automotive, News Site, US Motoring Press

YouTube removes video by Tesla investors using kids in FSD Beta test

The tests were to determine if a slow-moving Tesla equipped with the company’s latest driver assistance systems would automatically avoid pedestrians. Go to Source

Published August 20, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Tesla

GM to reinstate quarterly dividend and increase share buyback program to $5 billion

GM is reinstating a quarterly cash dividend and increasing the size of its opportunistic share repurchases to $5 billion of common stock. Go to Source

Published August 19, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Financial Results, GM

Take a look at Ford’s futuristic vision for its luxury Lincoln brand

Ford on Thursday unveiled the Model L100, a sleek, futuristic concept car to showcase the company’s vision for its Lincoln luxury brand. Go to Source

Published August 19, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford

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