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
Author: CNBC Online news
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
Tesla ban on pro-union shirts violated workers’ rights, labor board rules
Tesla now has to rescind or revise its dress code for factory workers. Go to Source
Honda and LG Energy Solution to build $4.4 billion EV battery plant in U.S.
The plant will be built and operated by a joint venture between the companies, which is expected to be established this year. Go to Source