Ford will begin offering lower-cost LFP batteries in its Mustang Mach-E and F-150 Lightning. Go to Source
Author: CNBC Online news
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
Nikola adjourns shareholder meeting, again, as founder Trevor Milton blocks stock-issue plan
Nikola is trying to win enough shareholder votes to overcome ex-CEO Trevor Milton’s objection to issuing new stock. Go to Source
Ford unveils new F-150 Raptor R pickup with 700 horsepower
Ford and its rivals have been adding performance variants to their lineups to beef up profit margins before they transition more to electric vehicles. Go to Source
Elon Musk asks court to reject Twitter’s request for speedy trial
Musk’s team says the trial should wait until next year, after Twitter requested expedited treatment and a hearing as early as September 2022. Go to Source