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
Author: CNBC Online news
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
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
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
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
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
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
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
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
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