Saxo Bank’s Peter Garnry made his comments during an interview with “Street Signs Europe.” Go to Source
Author: CNBC Online news
Huawei launches first smartphone to connect to China’s rival to GPS
Huawei launched the flagship Mate 50 in China without 5G internet connectivity after U.S. sanctions cut off the Chinese tech company from key components. Go to Source
How electric vehicle manufacturing could shrink the Midwestern job market
Electric vehicles may require less manufacturing labor than conventional gasoline engine cars, and that could shrink the domestic parts supplier trade. Go to Source
GM offers to buy out Buick dealers that don’t want to invest in EVs
The buyout offers are the latest efforts by GM to accelerate the company’s electric vehicle plans and transform its sales network. Go to Source
Ford’s new vehicle sales slow in August, in line with expectations
Ford Motor on Friday said its U.S. sales last month increased double-digits from a year earlier but were off about 4% from the prior month. Go to Source
China’s electric car firms, which rely heavily on Nvidia, are safe from the U.S. chip ban — for now
U.S. restrictions on Nvidia chip sales to China won’t affect Chinese electric car companies. Go to Source
Car shopping over Labor Day weekend? Here’s what to expect for both new and used car prices
While the average price paid for a new car — above $46,000 — continues trending higher, used car prices are showing signs of softening. Go to Source
GM’s Cruise recalls and updates self-driving software in cars following crash
GM’s autonomous vehicle unit Cruise recalled and updated software in 80 self-driving cars after a June crash in San Francisco that resulted in minor injuries. Go to Source
Chinese EV stocks tank after Li Auto and Xpeng report plunge in August deliveries; Nio ekes out growth
Nio reported a 6% rise in electric vehicle deliveries in August versus July, while rivals Xpeng and Li Auto saw a fall. Go to Source
Bosch will invest $200 million to build fuel cells for electric trucks in South Carolina
Bosch will build fuel cells for electric heavy trucks, including Nikola’s, in South Carolina starting in 2026. Go to Source