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Author: CNBC Online news

How Amazon is giving Rivian an edge in the EV industry

Rivian hopes to take on Tesla with its outdoor adventure trucks and SUVs. And its deal with Amazon could help it succeed. Go to Source

Published August 28, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Production/Sales News, Tesla

Cash is king for EV makers as soaring battery prices drive up vehicle production costs

Rising costs and new federal regulations are adding new cost pressures to what was already an expensive process. Go to Source

Published August 28, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Manufacturing, Production/Sales News

Ford hikes price of electric Mustang Mach-E by as much as $8,475 due to ‘significant’ battery cost increases

Ford said the markups are due to “significant material cost increases, continued strain on key supply chains” and market conditions. Go to Source

Published August 26, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Ford

California bans the sale of new gas-powered cars by 2035

The historic rule, issued by the California Air Resources Board on Thursday, will force automakers to speed up production of cleaner vehicles starting in 2026. Go to Source

Published August 25, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Manufacturing, Production/Sales News

Tesla threatens to sue critic over ads showing its car hitting kid-sized mannequin

Software company CEO Dan O’Dowd paid for an ad that purports to show Tesla’s FSD system isn’t safe. The automaker disagrees, calling it “misinformation.” Go to Source

Published August 25, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Tesla

Chinese EV maker Xpeng teases two new cars — and one will compete with Tesla’s Model Y

Xpeng President Brian Gu said one of the vehicles will launch in the first half of next year and can be considered a “strong competitor” to Tesla’s Model Y. Go to Source

Published August 25, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Tesla

‘We don’t see any slowdown’ from superrich car buyers, says Bugatti Rimac CEO

Bugatti Rimac CEO Mate Rimac said the maker of a new sold-out supercar isn’t seeing any signs of a slowdown among its wealthy buyers. Go to Source

Published August 24, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged VW

Tesla stock set for 3-for-1 split after market close

Tesla shares will begin trading on a split-adjusted basis Thursday. Go to Source

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

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

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