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
Author: CNBC Online news
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
Auto insurance rates rise, but insurers could still qet squeezed by higher costs ahead
Auto insurers refunded $14 billion in premiums last year, according to the Insurance Information Institute. Rates have since stagnated or declined. Go to Source
Tesla begins deliveries of its new Model S Plaid
CEO Elon Musk had hyped the vehicle as the “quickest production car ever made” in weeks before the event. Go to Source