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Author: CNBC Online news

GM slashes prices of Chevy Bolt electric vehicles despite rising commodity costs

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

Published June 1, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, GM

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

Published June 1, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Ford, M and A, People, Production/Sales News

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

Published June 1, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Tesla

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

Published June 1, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged GM

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

Published June 1, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Production/Sales News

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

Published May 31, 2022
Categorized as Automotive, News Site, US Motoring Press

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

Published May 27, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Production/Sales 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

Published May 26, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged M and A, Tesla

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

Published May 25, 2022
Categorized as Automotive, News Site, US Motoring Press

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

Published May 25, 2022
Categorized as Automotive, News Site, US Motoring Press

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