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Author: CNBC Online news

Chinese electric vehicle maker Li Auto to raise $2B from U.S. investors in a new stock offering

Li Auto is raising $2 billion via an “at-the-market” offering to fund new models and technologies Go to Source

Published June 28, 2022
Categorized as Automotive, News Site, US Motoring Press

Tencent wants to be foreign automakers’ go-to company for tech in China’s electric car market

Chinese internet giant Tencent wants to sell technology which the company says will help foreign automakers that want to sell cars in China’s EV market. Go to Source

Published June 27, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles

Polestar becomes latest electric vehicle maker to go public via SPAC merger

Polestar’s SPAC deal has closed, and it now plans an aggressive global expansion. Go to Source

Published June 24, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged M and A

Ford CEO’s bold move to close a money-losing plant bodes well for long-term stock holders

We believe this change will be meaningful to long-term earnings, and it shows how Ford CEO Jim Farley is taking no prisoners on his drive to profitability. Go to Source

Published June 22, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford

China’s electric vehicle battery supply chain shows signs of forced labor, report says

There are indications that Chinese companies that produce raw materials for EV batteries use forced labor, according to The New York Times. Go to Source

Published June 22, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles

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

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