If depreciation assumptions had held true, used cars would cost thousands of dollars less, depending on factors including its age. Go to Source
Author: CNBC Online news
Tesla shares jump on second-quarter report that was better than analysts feared
Shares of Tesla jumped more than 8% on Thursday after the electric car maker released second-quarter results that were better than analysts feared. Go to Source
Amazon is starting to deliver packages with Rivian electric vans
The vans will be deployed in a handful of cities to start, including Seattle, Baltimore, Chicago and Phoenix. Go to Source
Ford reassures investors it has the battery supplies it needs for ambitious EV goals
Ford will begin offering lower-cost LFP batteries in its Mustang Mach-E and F-150 Lightning. Go to Source
Toyota plans to roll out hydrogen fuel-cell trucks for the Japanese market next year
Toyota started working on the development of fuel-cell vehicles back in 1992. Go to Source
Tesla grows revenue 42%, but automotive margins decline
Tesla’s margins were impacted by inflation and fiercer competition for the components that go into EVs. Go to Source
How to buy your first car without going broke
Car prices are at an all-time high right now. Here are tips to help you buy your first car on a budget. (Spoiler alert: It’s probably not your dream ride.) Go to Source
A top European carmaker suggests the global chip shortage is easing
Volvo Cars’ semiconductor inventory is now “back at fully supply,” CEO Jim Rowan told CNBC. Go to Source
UK plans $95 million hydrogen gigafactory to produce components for vehicles
Operations at the plant are planned to start in the first half of 2024. Go to Source
GM reveals electric Chevrolet Blazer priced starting at $45,000
The 2024 Blazer EV is expected to arrive in showrooms beginning next summer, with starting pricing between about $45,000 and $66,000. Go to Source