2024 Toyota Tacoma Trailhunter Toyota NEW YORK — Toyota Motor is evaluating an expansion of its U.S. truck lineup that could include all-electric or plug-in hybrid electric versions of its Tacoma and Tundra pickups. Jack Hollis, executive vice president of Toyota Motor North America, said the Japanese automaker is assessing its options to determine what… Continue reading Toyota could introduce electric, plug-in Tacoma and Tundra pickups
Author: CNBC Online news
Xiaomi releases electric car $4K cheaper than Tesla’s Model 3 as price wars heat up
Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. CNBC | Evelyn Cheng BEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla’s Model 3, as price wars heat up in… Continue reading Xiaomi releases electric car $4K cheaper than Tesla’s Model 3 as price wars heat up
Yellen warns China’s surplus of solar panels, EVs could be dumped on global markets
U.S. Treasury Secretary Janet Yellen testifies during a hearing before the Financial Services and General Government Subcommittee of the House Appropriations Committee at Rayburn House Office Building on Capitol Hill on March 21, 2024 in Washington, DC. Alex Wong | Getty Images Treasury Secretary Janet Yellen on Wednesday warned that China is treating the global… Continue reading Yellen warns China’s surplus of solar panels, EVs could be dumped on global markets
Hyundai considering hybrid vehicle production at $7.6 billion Georgia EV plant
Hyundai CEO Jae Hoon Chang (left) and José Muñoz, Hyundai president and global chief operating officer, attend the 2024 New York International Auto Show Michael Wayland | CNBC NEW YORK – Hyundai Motor is reevaluating its plans to exclusively produce all-electric vehicles at a new plant under construction in Georgia, an executive told CNBC on… Continue reading Hyundai considering hybrid vehicle production at $7.6 billion Georgia EV plant
‘Too early to judge’: Global carmakers contend with closure at busiest U.S. auto port
The remains of the Francis Scott Key Bridge on March 26, 2024 in Baltimore. Michael A. McCoy | The Washington Post | Getty Images The Baltimore bridge collapse has prompted carmakers to assess operations after the closure of the busiest U.S. auto port. Many do not expect major disruptions so far. In a dramatic scene,… Continue reading ‘Too early to judge’: Global carmakers contend with closure at busiest U.S. auto port
Ford sees opportunity for Mustang as competitors abandon V8 engines
2024 Ford Mustang Source: Ford DETROIT — Ford Motor sees opportunity to grow Mustang sales as it becomes the last American muscle car with a traditional V8 engine, playing to generations of gearheads who’ve been drawn to the performance vehicles. The optimism comes after Mustang’s closest American competitors ended production of their muscle cars in… Continue reading Ford sees opportunity for Mustang as competitors abandon V8 engines
Ford falls, Amazon advances pharmacy pursuits and Disney board member speaks – our takes the news
Ford CEO Jim Farley poses for a photo before announcing at a press conference that Ford Motor Company will be partnering with the world’s largest battery company, China-based Contemporary Amperex Technology, to create an electric vehicle battery plant in Marshall, Michigan, on Feb. 13, 2023, in Romulus, Michigan. Bill Pugliano | Getty Images Go to… Continue reading Ford falls, Amazon advances pharmacy pursuits and Disney board member speaks – our takes the news
Hyundai’s Genesis reveals all-electric SUV concept, the Neolun
Genesis Neolun Concept Genesis NEW YORK – Hyundai’s Genesis is previewing the future of the growingly prominent luxury brand with a new large all-electric concept vehicle called the Neolun. The full-size SUV features a sleek exterior design illuminated by long horizontal headlights and taillights reminiscent of the brand’s current EVs, though more modern. The interior… Continue reading Hyundai’s Genesis reveals all-electric SUV concept, the Neolun
How BYD grew from battery maker to electric vehicle juggernaut, overtaking Tesla
In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In China, the world’s largest EV market, Tesla has been losing ground to domestic automakers who are increasingly building better cars at unbeatable prices, and chief among them is Warren Buffett-backed BYD. In… Continue reading How BYD grew from battery maker to electric vehicle juggernaut, overtaking Tesla
Elon Musk requires ‘FSD’ demo for every prospective Tesla buyer in North America
Elon Musk hands over a Model Y car to a customer during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via Reuters Tesla CEO Elon Musk is now requiring employees to install and show customers how to use the latest version… Continue reading Elon Musk requires ‘FSD’ demo for every prospective Tesla buyer in North America