GM expects to begin producing the 2023 Canyon early next year, with new AT4X off-road models beginning in spring. Go to Source
Author: CNBC Online news
Airfares, hotel rates and rental car prices fell in July. Here’s how you can score a good deal
The price for major components of vacation travel have declined for two consecutive months, according to the U.S. Department of Labor’s Consumer Price Index. Go to Source
Ford CEO doesn’t expect electric vehicle battery costs to drop anytime soon
Ford CEO Jim Farley said the prices of key battery minerals will likely stay elevated for a while, but the company is looking into alternatives. Go to Source
How the EV tax credits in Democrats’ climate bill could hurt electric vehicle sales
Proposed tax credits of up to $7,500 for EVs under the Inflation Reduction Act could be counterintuitive for sales of EVs, according to several companies. Go to Source
Buying a car and want to go electric? Inflation Reduction Act extends $7,500 tax credit — but with price, income caps
Single buyers of electric vehicles would need to have income of less than $150,000 to qualify for the credit, and luxury models would largely be ineligible. Go to Source
Nikola CEO Mark Russell to retire at the end of the year
CEO Mark Russell will retire at the end of 2022. His successor is former Opel CEO Michael Lohscheller, who joined Nikola in February. Go to Source
Ford raises price of electric F-150 Lightning by up to $8,500 due to ‘significant’ battery cost increases
The starting prices for the F-150 Lightning will range from about $47,000 to $97,000, up from roughly $40,000 to $92,000. Go to Source
Workhorse Group shares fall sharply after company cuts 2022 electric vehicle delivery guidance
Workhorse cut its deliveries estimate for the full year, blaming supply-chain issues. But the company said it’s still on track for longer-term milestones. Go to Source
Baidu’s robotaxis don’t need any human staff in these parts of China
Baidu announced Monday it became the first robotaxi operator in China to obtain permits for selling rides with no human staff inside the cars. Go to Source
Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots
Elon Musk took shots at Twitter on Saturday, and dared CEO Parag Agrawal to debate him in the midst of a legal battle over a $44 billion acquisition gone awry. Go to Source