CEO Mary Barra is betting that the electric vehicle platform GM unveiled five years ago will soon help the legacy automaker top its rivals on electric vehicles. Go to Source
Author: CNBC Online news
3 takeaways from the Investing Club’s ‘Morning Meeting’ on Friday
We look ahead to our busiest week for earnings, including reports from Apple, Meta, Amazon and Google. Go to Source
Volkswagen CEO Diess to depart; Porsche boss Blume will lead the German auto giant
Volkswagen CEO Herbert Diess will leave the company at the end of August. Oliver Blume, currently Porsche’s CEO, will replace him. Go to Source
Here’s what Cadillac’s new $300,000 electric sedan will look like
The Celestiq marks a pivot for Cadillac into hand-built vehicles, which are typically reserved for high-end sports cars and uber-luxury models. Go to Source
Consumers are shelling out an average $10,000 more for used cars than if prices were ‘normal,’ research shows
If depreciation assumptions had held true, used cars would cost thousands of dollars less, depending on factors including its age. Go to Source
Tesla shares jump on second-quarter report that was better than analysts feared
Shares of Tesla jumped more than 8% on Thursday after the electric car maker released second-quarter results that were better than analysts feared. Go to Source
Amazon is starting to deliver packages with Rivian electric vans
The vans will be deployed in a handful of cities to start, including Seattle, Baltimore, Chicago and Phoenix. Go to Source
Ford reassures investors it has the battery supplies it needs for ambitious EV goals
Ford will begin offering lower-cost LFP batteries in its Mustang Mach-E and F-150 Lightning. Go to Source
Toyota plans to roll out hydrogen fuel-cell trucks for the Japanese market next year
Toyota started working on the development of fuel-cell vehicles back in 1992. Go to Source
Tesla grows revenue 42%, but automotive margins decline
Tesla’s margins were impacted by inflation and fiercer competition for the components that go into EVs. Go to Source