Tesla Semi. Courtesy: Tesla A single-vehicle collision last month involving a Tesla Semi electric truck took 50,000 gallons of water to extinguish and required aircraft to dump fire retardant overhead, according to a preliminary report on Friday from the National Transportation Safety Board. The crash, which occurred on California’s Interstate 80 west of Lake Tahoe,… Continue reading Tesla Semi fire in California took 50,000 gallons of water to extinguish
Author: CNBC Online news
Uber and Waymo to offer driverless ride-hailing trips in Austin and Atlanta
A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Uber announced Friday it is expanding its partnership with Alphabet’s Waymo to offer robotaxi rides in Austin, Texas, and Atlanta beginning in early 2025. Shares… Continue reading Uber and Waymo to offer driverless ride-hailing trips in Austin and Atlanta
Jeep CEO enacts turnaround plan after significant sales declines
Jeep Wagoneer S Trailhawk EV concept Michael Wayland / CNBC DETROIT — Stellantis‘ Jeep brand is well known for scaling tough terrains, but its latest challenge of achieving 1 million vehicle sales domestically by 2027 will be a steep hill to climb. Jeep, a coveted brand in the automotive industry, has been in a U.S.… Continue reading Jeep CEO enacts turnaround plan after significant sales declines
India’s EV conundrum: To invest in cars or charging points first
Young Man charging his electric vehicle. Tashdique Mehtaj Ahmed | Moment | Getty Images When Carmelita Fernandes, who lives in the Indian city of Pune, first made the switch from her regular car to an electric Tata Nixon in December 2021, she was excited for the journeys that would follow. After all, it was a… Continue reading India’s EV conundrum: To invest in cars or charging points first
UAW, U.S. dealers increase criticism of Stellantis CEO over cuts, sales declines
Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023. David Dee Delgado | Reuters DETROIT – Stellantis‘ U.S. dealer network has joined the United Auto Workers union in criticizing CEO Carlos Tavares for the company’s recent sales declines, factory production… Continue reading UAW, U.S. dealers increase criticism of Stellantis CEO over cuts, sales declines
CEO of Ford’s highly profitable Pro business to retire
Ted Cannis, chief executive officer of Ford Pro, speaks during an interview in New York, on Thursday, July 28, 2022. Victor J. Blue | Bloomberg | Getty Images DETROIT — The head of Ford Motor‘s highly profitable “Pro” commercial and fleet business will retire at the end of this month, the company said Thursday. The… Continue reading CEO of Ford’s highly profitable Pro business to retire
Why VW investing $5 billion in Rivian might be transformative for both companies — and the auto industry
A Volkswagen ID.4 electric vehicle (EV) at a Rivian charging station in San Francisco, California, US, on Tuesday, June 25, 2024. David Paul Morris | Bloomberg | Getty Images Electric truck maker Rivian’s $5 billion deal with Volkswagen Group nets Rivian some much-needed cash. But it also gives Volkswagen a path to a future in… Continue reading Why VW investing $5 billion in Rivian might be transformative for both companies — and the auto industry
GM and Hyundai agree to explore collaboration on vehicles and manufacturing to reduce capital spending
Mary Barra, chair and CEO of General Motors, and Euisun Chung, executive chair of Hyundai Motor Group, during the signing of an agreement between the two companies to explore future collaboration across key strategic areas. Courtesy image DETROIT — General Motors and Hyundai Motor have entered into an agreement to explore “future collaboration across key… Continue reading GM and Hyundai agree to explore collaboration on vehicles and manufacturing to reduce capital spending
Volkswagen scraps a slew of labor agreements as standoff with unions intensifies
Employees leave the Volkswagen plant in Zwickau after a works meeting. Europe’s largest car manufacturer had announced that, in view of the worsening situation, it would once again tighten its austerity measures at the core VW brand. Picture Alliance | Picture Alliance | Getty Images German automotive giant Volkswagen on Tuesday said it was scrapping… Continue reading Volkswagen scraps a slew of labor agreements as standoff with unions intensifies
Car giants are being forced to confront some hard truths over the EV transition
The Volvo logo is displayed at the Volvo Cars Hill Country dealership on September 04, 2024 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images European car giants are contending with a perfect storm of challenges on the path to full electrification, including a lack of affordable models, a slower-than-anticipated rollout of… Continue reading Car giants are being forced to confront some hard truths over the EV transition