The share of new car buyers with a monthly payment of more than $1,000 jumped to a record high, according to Edmunds. Go to Source
Author: CNBC Online news
Ford reports slight uptick in quarterly sales that misses analysts’ expectations
Ford on Tuesday reported a 1.8% uptick in second-quarter sales compared with a year earlier, including a 31.5% increase in June. Go to Source
Tesla delivered 254,695 electric vehicles in the second quarter of 2022
Tesla just posted its second-quarter vehicle production and delivery numbers for 2022. Go to Source
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