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Author: CNBC Online news

How the massive EV transition is starting in the car rental industry

Led by Hertz and Tesla, the race is on in the rental car industry to transition to EVs. Go to Source

Published June 18, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Production/Sales News, Tesla

Elon Musk had a bad week

In what’s been a particularly eventful year for Elon Musk, this was a decidedly rough week. Go to Source

Published June 17, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Tesla

GM is raising the price of its electric Hummer starting this weekend

GM is increasing the price of its EV Hummer by $6,250. Go to Source

Published June 17, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged GM

Cost to finance a new car hits a record $656 per month — and auto shoppers could pay even more with latest Fed rate hike

As interest rates head higher and auto prices remain elevated, monthly payments are expected to continue squeezing consumers’ budgets. Go to Source

Published June 16, 2022
Categorized as Automotive, News Site, US Motoring Press

GM investing $81M to hand build ultra-exclusive Cadillac Celestiq electric cars

The decision marks the first time GM will build a vehicle for commercial sales at its massive tech campus in Warren, Michigan. Go to Source

Published June 15, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, GM, Production/Sales News

Ford CFO says inflation has erased Mustang Mach-E profits, but isn’t hurting demand for new vehicles

Ford Motor’s CFO said Wednesday that the company isn’t yet seeing consumer demand for new vehicles drop off. Go to Source

Published June 15, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford

Chinese Tesla rival Nio launches new electric SUV as competition heats up

Nio shares rose on Wednesday after the company unveiled the ES7 electric SUV which starts at 468,000 Chinese yuan ($69,693). Go to Source

Published June 15, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Tesla

U.S. safety agency says Tesla accounts for most driver-assist crashes, but warns data lacks context

Federal safety officials stressed that the data is not meant to portray whether one advanced driver-assist system is safer than another. Go to Source

Published June 15, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Tesla

Ford issues stop-sale of electric Mustang Mach-E crossovers due to potential safety defect

Ford says the issue with the Mustang Mach-E crossovers could cause the vehicles to become immobile. Go to Source

Published June 14, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford

Most factories in Shanghai resume work as Covid controls ease, ministry says

Factories in two of economic hubs have mostly resumed work as the impact of Covid subsides, said China’s Ministry of Industry and Information Technology. Go to Source

Published June 14, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Production/Sales News

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