2024 Chevrolet Trax ACTIV GM DETROIT — General Motors on Wednesday revealed a new version of its Chevrolet Trax — the brand’s entry-level crossover — with new technologies and a more aggressive design, and at a lower price than the current vehicle. The compact is key to attracting and retaining cost-conscious buyers for the Detroit… Continue reading GM reveals 2024 Chevrolet Trax crossover with new tech and design — at a lower price
Author: CNBC Online news
Polestar unveils a new $84,000 electric SUV it’s hoping will help cement its foothold in the U.S.
Polestar 3 Courtesy: Polestar Swedish EV maker Polestar on Wednesday unveiled a new electric SUV that it’s counting on to expand its sales and presence in the United States. The new model, called the Polestar 3, is a five-passenger EV that the company describes as a “performance SUV.” It’ll launch with a 111 kilowatt-hour battery… Continue reading Polestar unveils a new $84,000 electric SUV it’s hoping will help cement its foothold in the U.S.
Luxury EV maker Lucid confirms it’s on track to meet conservative 2022 production targets
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric luxury vehicle maker Lucid Group confirmed Wednesday that it remains on track to produce between 6,000 and 7,000 vehicles in 2022, in line with the more conservative… Continue reading Luxury EV maker Lucid confirms it’s on track to meet conservative 2022 production targets
Here’s how to avoid buying a flood-damaged car following Hurricane Ian
Vehicles float in the water on Sept. 29 in Bonita Springs, Florida, after Hurricane Ian. Sean Rayford | Getty Images If you’re planning to shop for a used car in the next few months, be sure to check for flood damage before signing on the dotted line. In the wake of widespread flooding across Florida,… Continue reading Here’s how to avoid buying a flood-damaged car following Hurricane Ian
Honda’s new $4.4 billion EV battery plant will be built in Ohio
An employee inspects the door of a 2018 Honda Accord vehicle during production at the Honda of America Manufacturing Inc. Marysville Auto Plant in Marysville, Ohio, on Thursday, Dec. 21, 2017. Ty Wright | Bloomberg | Getty Images Honda Motor and LG Energy Solution on Tuesday said a new multibillion-dollar plant to produce batteries for… Continue reading Honda’s new $4.4 billion EV battery plant will be built in Ohio
Lyft exec was wrong about driverless vehicles — but he still believes in their potential
Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images DETROIT — In 2016, Lyft… Continue reading Lyft exec was wrong about driverless vehicles — but he still believes in their potential
GM is launching a new business to connect homes and businesses with EV chargers, energy storage
Electric Chevrolet Silverado shown at the New York Auto Show, April, 2022. Scott Mlyn | CNBC General Motors on Tuesday said that it is forming a new business unit to offer stationary battery packs, solar panels, electric vehicle chargers and other energy-management products for homes and businesses. The new unit, called GM Energy, aims to… Continue reading GM is launching a new business to connect homes and businesses with EV chargers, energy storage
Auto giant Stellantis looks to Australian materials, including nickel, for its EVs
This image, from July 2021, shows a Citroen e-C4 electric vehicle on display at a showroom in Paris, France. Citroen is a brand of Stellantis, one of the world’s biggest automakers. Benjamin Girette | Bloomberg | Getty Images Stellantis is turning to Australia as it looks to procure the materials needed for its electric vehicle… Continue reading Auto giant Stellantis looks to Australian materials, including nickel, for its EVs
Here’s why UBS’s downgrade of Ford is misguided — and late
Ford Motor (F) shares plummeted Monday after UBS downgraded the Club holding — a call that strikes us as both belated and short-sighted given the stock’s considerable slide since January. With a dividend yield north of 5%, the Club is sitting tight. In a research note to clients, the bank warned that automakers like Ford… Continue reading Here’s why UBS’s downgrade of Ford is misguided — and late
GM and Ford shares fall after UBS downgrades on expectations for weakening demand
The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — Shares of General Motors and Ford Motor each tumbled Monday after a pair of UBS downgrades citing expectations for weakening demand amid inflationary pressures. Ford’s stock was down by more than 8% during intraday… Continue reading GM and Ford shares fall after UBS downgrades on expectations for weakening demand