GM cut the price of the Bolt EV by $5,900 compared with the 2022 model year, with a starting price of $26,595. Go to Source
Author: CNBC Online news
Ford CEO expects to see industry consolidation as the costs of transition to electric vehicles rise
Jim Farley said the massive amounts of capital needed to invest in EV technologies will force smaller companies to be acquired. Go to Source
Elon Musk tells Tesla workers to return to the office full time or resign
Tesla CEO Elon Musk said on Twitter: ‘They should pretend to work somewhere else.’ Go to Source
Buick unveils sleek new Wildcat car concept to shake off stodgy image and reinvent the brand for EVs
The car reflects the future design and technological directions of Buick, including a significantly redesigned logo for the first time in more than 30 years. Go to Source
Chinese automaker Nio reports May EV sales constrained by Covid as rivals XPeng and Li Auto gain ground
Nio’s sales were up just 4% year over year as the company struggled to build and deliver vehicles amid the latest Covid outbreaks. Go to Source
Rising gas prices and inflation top travel concerns, overtaking Covid, survey finds
Most Americans plan to travel this summer, but rising gas prices and inflation now top their list of concerns, overtaking Covid. Go to Source
Memorial Day weekend car shopping is looking ‘pretty bleak.’ Here’s what to expect
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
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