A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | Reuters Waymo has filed a voluntary recall notice with federal vehicle safety regulators for software that was previously used in their driverless cars, the company announced Tuesday, marking a first for Alphabet‘s self-driving vehicle unit.… Continue reading Waymo issues a voluntary recall on its self-driving vehicle software
Author: CNBC Online news
Tesla board silent as investors await next steps after court revokes Elon Musk’s $56 billion pay package
Elon Musk, CEO of Tesla and X, speaks at the Atreju political convention organized by Fratelli d’Italia (Brothers of Italy), in Rome, Dec. 15, 2023. Antonio Masiello | Getty Images Two weeks after a Delaware court ruled that Tesla must rescind Elon Musk’s $56 billion pay package, the company’s board remains mum on what the… Continue reading Tesla board silent as investors await next steps after court revokes Elon Musk’s $56 billion pay package
Chrysler reveals new Halcyon concept car as direction for future EVs
The Chrysler Halcyon concept car. Stellantis DETROIT — Chrysler revealed the direction of its future products on Tuesday with a new concept car called “Halcyon,” as the once prominent auto company attempts to drum up attention amid a dearth of new products. The concept car is a sleek, future-looking sports car that’s designed to incorporate… Continue reading Chrysler reveals new Halcyon concept car as direction for future EVs
Car repairs are getting more expensive. Here’s why
Your eyes aren’t fooling you — your car repair bill really is getting more expensive. Several factors are pushing costs up: heavier, more complex vehicles, new materials and manufacturing methods, a worsening dearth of talented technicians and pandemic-induced supply shortages. “Customers definitely are getting sticker shock,” said David Goldsmith, who owns Urban Classics, a repair… Continue reading Car repairs are getting more expensive. Here’s why
To get the $7,500 electric vehicle tax credit, you may no longer have to wait until tax season
Halfpoint Images | Moment | Getty Images Consumers no longer have to wait to file their annual tax returns to get a tax break for the purchase of a new electric vehicle. At the start of 2024, the federal “new clean vehicle” tax credit became available as a point-of-sale discount — worth up to $7,500… Continue reading To get the $7,500 electric vehicle tax credit, you may no longer have to wait until tax season
New Kia Carnival minivan will be offered as a hybrid and maintain its SUV design
2025 Kia Carnival Kia CHICAGO – Kia Motors is adding a hybrid model to its Carnival minivan to meet increasing consumer demand for the technology and assist in meeting tightening federal fuel economy standards. Hybrids are a growing option for automakers as they strive to make vehicles more efficient and avoid costly federal fuel economy… Continue reading New Kia Carnival minivan will be offered as a hybrid and maintain its SUV design
GM to spend $19 billion through 2035 to source EV battery materials from LG Chem
The 2025 Cadillac Escalade IQ. GM DETROIT – General Motors plans to spend $19 billion over roughly the next decade through a new supplier deal to source critical materials for use in electric vehicle batteries from LG Chem, the companies said Wednesday. The long-term supplier contract will see LG Chem supply GM with more than… Continue reading GM to spend $19 billion through 2035 to source EV battery materials from LG Chem
Wheely, Uber’s luxury competitor, launches in Dubai to take on the UAE’s dominant player
Luxury ride-hailer Wheely’s big bet on Dubai is that the region’s burgeoning demand from wealthy individuals and digital nomads will make the city a prime fit for the company. Wheely Wheely, a luxury-focused competitor to ride-hailing giant Uber, is launching in Dubai as the company looks to reembark on an international expansion effort that was… Continue reading Wheely, Uber’s luxury competitor, launches in Dubai to take on the UAE’s dominant player
Ford is reassessing its EV plans, including vertical battery integration
A Ford Mustang Mach-E GT compact sports utility vehicle during the 2022 New York International Auto Show in New York on April 14, 2022. Michael Nagle | Bloomberg | Getty Images DETROIT — Ford Motor is rethinking its electric vehicle strategies, including “reassessing” the need for in-house production of batteries, CEO Jim Farley said Tuesday.… Continue reading Ford is reassessing its EV plans, including vertical battery integration
Toyota investing $1.3 billion in Kentucky to build all-electric, three-row SUV
Akio Toyoda, Chairman of Toyota Motor Corporation. Yoshikazu Tsuno | Gamma-rapho | Getty Images Toyota Motor is investing $1.3 billion in a Kentucky plant to produce a new all-electric, three-row SUV for the U.S. market, the company said Tuesday. The vehicle is expected to go into production between late 2025 and early 2026, according to… Continue reading Toyota investing $1.3 billion in Kentucky to build all-electric, three-row SUV