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Author: CNBC Online news

Ford to address dealer concerns about separating its EV and legacy businesses

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

Published March 12, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford, Production/Sales 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

Published March 10, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Financial Results, Manufacturing, Production/Sales News

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

Published March 6, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford

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

Published February 5, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford, Manufacturing, Production/Sales News

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

Published January 22, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, GM, Strategy

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

Published December 29, 2021
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Tesla

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

Published December 22, 2021
Categorized as Automotive, News Site, US Motoring Press Tagged Production/Sales News

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

Published December 18, 2021
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles

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

Published December 12, 2021
Categorized as Automotive, News Site, US Motoring Press Tagged Possible_Motorsport

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

Published December 3, 2021
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles

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