Tesla just posted its second-quarter vehicle production and delivery numbers for 2022. Go to Source
Author: CNBC Online news
Self-driving cars from GM’s Cruise block San Francisco intersection in latest problem for autonomous vehicles
At least seven Cruise vehicles blocked traffic by clustering an intersection starting late Tuesday night, blocking traffic. Go to Source
Activist investor group asks SEC to investigate Tesla over plan to shrink board
SOC Investment Group alleges Tesla’s board isn’t independent enough and favors Elon Musk’s personal interests over shareholders’. Go to Source
There’s a massive pile-up of car, furniture exports bound for U.S. and it’s spreading across European ports
Labor battles at German and Dutch ports are causing shipments of key consumer items including cars, auto parts and Ikea furniture to be delayed. Go to Source
GM’s quarterly sales fall but show improvement from beginning of year
The company’s U.S. vehicle sales were down about 15% in the second quarter from a year ago as the automaker continues to battle supply chain issues. Go to Source
GM warns of manufacturing issues in second quarter but stands by 2022 forecast
Shares of the automaker were down by 2% after briefly being halted during pre-market trading, pending news. Go to Source
Nikola still short of shareholder support to issue new stock – hampered by founder Trevor Milton
The company has spent the past month rallying shareholders to vote for the proposal in sufficient numbers to overcome objections from founder Trevor Milton. Go to Source
Tesla is cutting about 200 Autopilot jobs and closing office in San Mateo, California
Tesla is closing its San Mateo, California office, and laying off about 200 Autopilot data labelers amid a broader restructuring, Go to Source
New car quality declined sharply this year with supply chain problems, says J.D. Power
Buick, Dodge and Chevrolet topped the list while Volvo, Chrysler and Polestar landed in the bottom three. Go to Source
Chinese electric vehicle maker Li Auto to raise $2B from U.S. investors in a new stock offering
Li Auto is raising $2 billion via an “at-the-market” offering to fund new models and technologies Go to Source