Ford will attempt to soothe dealers’ concerns over the company’s recent decision to split its EV and legacy gas-vehicle business. Go to Source
Author: CNBC Online news
Rivian expects to deliver a modest 25,000 vehicles this year at it ramps EV production
While investors will be monitoring last quarter’s financial results, the real focus is on the company’s guidance for this year. Go to Source
Why Ford’s big EV split decision may get even bigger in the future
Ford’s decision to separate its EV business from traditional autos stopped short of a spinoff Wall Street wanted, but that could still be in the future. Go to Source
Chip shortage forces Ford to cut production of F-150, Bronco and other important vehicles
The cuts come a day after Ford significantly missed Wall Street’s earnings expectations due to supply chain issues, sending shares to tumble 9.7% on Friday. Go to Source
Behind GM, Ford’s aggressive new electric vehicle strategy is old-time financing: Cash
Detroit’s automakers have brought a surprisingly conservative financial strategy to making them America’s next electric vehicles of choice. Go to Source
Elon Musk sells another $1 billion in Tesla shares, nearing 10% target
Tesla CEO Elon Musk sold another 934,090 shares, or about $1.02 billion worth of his holdings in the electric car and solar business. Go to Source
Looking for a new vehicle? Don’t expect many, if any, year-end or holiday deals
Instead of car buyers flocking to dealer lots to take advantage of holiday and year-end deals, many dealerships are nearly empty of both vehicles and customers. Go to Source
Chinese electric car start-up Nio reveals a new sedan, augmented reality glasses
Chinese electric car company Nio revealed Saturday a new sedan and custom augmented reality glasses that reduce the need for in-car screens. Go to Source
Abu Dhabi GP: Max Verstappen takes F1 title from Lewis Hamilton on final lap after late controversy
Verstappen becomes the first Dutchman to win the title and the second for Red Bull after Sebastian Vettel. Go to Source
Chinese electric car start-up Hycan claims funding of more than $300 million is on the way
Chinese electric car start-up Hycan claims it’s on the verge of a large fundraise as investors pour more money into a hot sector. Go to Source