Maserati plans to offer electric versions of its entire lineup by 2025, starting next year with a new GranTurismo EV featuring more than 1,200 horsepower. Go to Source
Author: CNBC Online news
Electric Last Mile shares plummet to $1 after company confirms SEC probe
The investigation is the latest problem for the Michigan-based company following unexpected resignations last month of both the company’s chairperson and CEO. Go to Source
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
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