Special sales among dealerships are minimal to nonexistent amid low inventory, sending many buyers to used-car lots, where prices remain elevated. Go to Source
Author: CNBC Online news
Twitter shareholders sue Elon Musk and Twitter over chaotic deal
Since Musk’s acquisition bid, Twitter’s share price has dropped more than 12%, and Tesla’s is down about 28% as part of a broad sell-off in tech stocks. Go to Source
Booster is making renewable fuels accessible in ways a gas station cannot
Booster CEO Frank Mycroft says it has ramped up its business refueling commercial vehicle fleets so drivers are ready to go the moment they start a shift. Go to Source
Try these gas-saving tips before you hit the road this Memorial Day weekend
With gas prices at an all-time high heading into Memorial Day weekend, these savings tips can cut down the cost of filling up. Go to Source
Stellantis CEO warns of electric vehicle battery shortage, followed by lack of raw materials
Carlos Tavares expects a shortage of electric vehicle batteries by 2024-2025, followed by a lack of raw materials by 2027-2028. Go to Source
Jeep maker Stellantis to build $2.5 billion EV battery plant in Indiana
Stellantis plans to invest more than $2.5 billion with Samsung SDI to build the automaker’s first U.S. electric vehicle battery manufacturing facility. Go to Source
Electric vehicles are in short supply. Here’s what you can find as gas prices soar
If consumers don’t want to wait for a new EV, some models may be easier to find than others, according to industry data compiled by CNBC. Go to Source
Uber to expand in Italy through deal with the country’s largest taxi dispatcher
The deal will allow 12,000 Italian taxi drivers to accept trips through the Uber app. Go to Source
Volkswagen chief says German car giant will overtake Tesla on electric vehicle sales by 2025
Volkswagen’s CEO said alleviating supply chain issues would likely help create some momentum for the German auto giant in the coming months. Go to Source
Hyundai plans $5 billion investment in U.S. on mobility technology such as autonomous driving and robotics
The operations are expected to open during the first half of 2025, with an annual production capacity of 300,000 vehicles, Go to Source