Ford will add 6,200 union jobs and promote another 3,000 temps to full-time status as it prepares to build more EVs and all-new versions of Mustang and Ranger. Go to Source
Author: CNBC Online news
Self-driving car companies’ first step to making money isn’t robotaxis
While governments may be wary of driverless cars, people want to buy the technology and companies want to cash in. Go to Source
GM slashes prices of Chevy Bolt electric vehicles despite rising commodity costs
GM cut the price of the Bolt EV by $5,900 compared with the 2022 model year, with a starting price of $26,595. Go to Source
Ford CEO expects to see industry consolidation as the costs of transition to electric vehicles rise
Jim Farley said the massive amounts of capital needed to invest in EV technologies will force smaller companies to be acquired. Go to Source
Elon Musk tells Tesla workers to return to the office full time or resign
Tesla CEO Elon Musk said on Twitter: ‘They should pretend to work somewhere else.’ Go to Source
Buick unveils sleek new Wildcat car concept to shake off stodgy image and reinvent the brand for EVs
The car reflects the future design and technological directions of Buick, including a significantly redesigned logo for the first time in more than 30 years. Go to Source
Chinese automaker Nio reports May EV sales constrained by Covid as rivals XPeng and Li Auto gain ground
Nio’s sales were up just 4% year over year as the company struggled to build and deliver vehicles amid the latest Covid outbreaks. Go to Source
Rising gas prices and inflation top travel concerns, overtaking Covid, survey finds
Most Americans plan to travel this summer, but rising gas prices and inflation now top their list of concerns, overtaking Covid. Go to Source
Memorial Day weekend car shopping is looking ‘pretty bleak.’ Here’s what to expect
Special sales among dealerships are minimal to nonexistent amid low inventory, sending many buyers to used-car lots, where prices remain elevated. Go to Source
Twitter shareholders sue Elon Musk and Twitter over chaotic deal
Since Musk’s acquisition bid, Twitter’s share price has dropped more than 12%, and Tesla’s is down about 28% as part of a broad sell-off in tech stocks. Go to Source