Dealerships are offering fewer incentives to sell new cars, given how quickly inventory is flying off the lots amid continuing strong demand from consumers. Go to Source
Author: CNBC Online news
Ford Chair Bill Ford’s vision of a greener auto industry, led by EVs, is finally on the horizon
Bill Ford has served as the environmental conscience of the auto industry. It’s something that until recently was taboo in a business reliant on fossil fuels. Go to Source
A Tesla Model 3 hit a parked police car in Orlando, driver said she was ‘in Autopilot’
A 2019 Tesla Model 3 crashed into a parked police car and a Mercedes SUV on Saturday morning in Orlando. No injuries or fatalities were reported. Go to Source
McLaren F1 sells for $20.5 million, the most expensive car auctioned this year
A McLaren F1 auctioned at Pebble Beach on Friday night for $20.5 million, showing the continued strength of the classic car market. Go to Source
UK to study using overhead wires to power long-haul trucks
The U.K. government wants to create a net zero transport sector by the year 2050. Go to Source
DOJ investigating Lordstown Motors, shares of electric-vehicle start-up plunge
The stock was briefly halted due to volatility. Go to Source
GM moves to secure critical U.S.-sourced lithium for electric vehicle batteries
GM said it is investing millions of dollars into a company that plans to extract lithium from the Salton Sea Geothermal Field in Imperial, California. Go to Source
Embattled EV start-up Lordstown touts ‘real employees at a real plant’ as it seeks capital infusion
Executives with EV start-up Lordstown Motors this week are hoping to convince Wall Street investors and analysts that they can be a “real” automaker. Go to Source
Chinese Tesla rival Xpeng Motors to raise up to $2 billion in Hong Kong listing
Xpeng Motors will raise money to compete in China’s increasingly crowded electric car market against the likes of Tesla and Nio. Go to Source
Jeep Grand Cherokee L arriving in showrooms to expand brand’s reach
The 2021 Grand Cherokee L is scheduled to arrive in Jeep showrooms next week as the first three-row model for the brand in more than a decade. Go to Source