Chinese electric car start-up Hycan claims it’s on the verge of a large fundraise as investors pour more money into a hot sector. Go to Source
Author: CNBC Online news
Ford attracts younger and more female buyers with new $20,000 Maverick pickup
Ford says the 2022 Maverick – about the length of a Toyota full-size sedan but far cheaper – is already succeeding in attracting new, younger and female buyers. Go to Source
Shares of EV start-up Lordstown Motors surge on reported deal with Foxconn to sell Ohio plant
Lordstown’s stock was up Thursday by as much as 21% following reports it’s near a deal to sell its large Ohio factory to iPhone maker Foxconn. Go to Source
GM doubles chip shortage impact to 200,000 vehicles in second half of year, maintains guidance
Despite the increased impact from the global chip shortage, GM CFO Paul Jacobson said the company is maintaining its guidance for 2021. Go to Source
Ford Motor Chair Bill Ford on automaker’s stock rally, SPACs and investors
After a decade of mediocrity, Ford shares remain lower than competitors but are up by about 50% this year and on pace for their best performance since 2009. Go to Source
Buying a new car is a challenge amid a global chip shortage and limited inventory. Here are tips for finding a decent deal
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
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