A Hertz Tesla electric vehicle is displayed during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York City, U.S., November 9, 2021. Brendan Mcdermid | Reuters Hertz surprised many onlookers last week when the car-rental company announced it would be selling about a third of its global electric vehicle… Continue reading Hertz makes ‘agile’ decision to shift strategy and sell EVs, Teslas
Author: CNBC Online news
Tesla stock down on Red Sea delays, rising labor costs and price cuts
An employee of the Tesla Gigafactory Berlin-Brandenburg works on a production line of a Model Y electric vehicle. Patrick Pleul | Picture Alliance | Getty Images Shares of Tesla closed down more than 3% Friday as the stock faced pressure from supply chain delays due to a crisis in the Red Sea, and after offering… Continue reading Tesla stock down on Red Sea delays, rising labor costs and price cuts
Tesla raising factory worker pay in U.S. following UAW victories in Detroit
An aerial view shows the Tesla Fremont Factory in Fremont, California on February 10, 2022. Josh Edelson | AFP | Getty Images Tesla is rolling out “market adjustment” pay increases this month to many of its factory workers across the U.S., according to notices posted at the company’s vehicle assembly plant in Fremont, California. Bloomberg… Continue reading Tesla raising factory worker pay in U.S. following UAW victories in Detroit
China’s EV stocks start 2024 in reverse gear as price wars pressure profitability
A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) Vcg | Visual China Group | Getty Images Shares of Chinese electric car makers have started the new year in reverse gear, as intense competition and continuing price wars pressure… Continue reading China’s EV stocks start 2024 in reverse gear as price wars pressure profitability
Honda teases new EVs with futuristic ‘Space-Hub’ and ‘Saloon’ concept cars
Honda Saloon concept electric vehicle Courtesy Honda Honda Motor revealed two concept cars Tuesday at the CES tech conference as a preview for a new lineup of electrified vehicles that will begin arriving in North America in 2026. The concept models are called the “Space-Hub” and “Saloon,” which the first production “Honda 0 Series” EV… Continue reading Honda teases new EVs with futuristic ‘Space-Hub’ and ‘Saloon’ concept cars
Used car prices expected to stabilize in 2024 after two years of decreases from record highs
Used cars for sale at Lee Auto Mall on Wednesday, August 16, 2023. (Staff photo by Brianna Soukup/Portland Press Herald via Getty Images) Brianna Soukup | Portland Press Herald | Getty Images DETROIT — Used vehicle prices are expected to stabilize this year, after buyers of pre-owned cars and trucks got more relief in 2023… Continue reading Used car prices expected to stabilize in 2024 after two years of decreases from record highs
Shares of China Evergrande EV unit plunge 23% after executive director is detained
A sign on the exterior of the China Evergrande New Energy Vehicle Group Ltd. research headquarters in Shanghai, China, on Friday, Sept. 24, 2021. Bloomberg | Bloomberg | Getty Images Shares of the electric vehicle manufacturing arm of property developer China Evergrande plunged 23% on Monday after the unit revealed its vice chairman had been… Continue reading Shares of China Evergrande EV unit plunge 23% after executive director is detained
A compact crossover is coming for America’s pickup trucks. Here are the top-selling cars of 2023
2023 Ford Super Duty F-350 Limited Ford DETROIT – America maintained its love affair with pickup trucks in 2023 — but a top-selling vehicle from Toyota Motor nearly ruined their tailgate party. Sales of the Toyota RAV4 compact crossover came within 10,000 units of Stellantis‘ Ram pickup truck last year, a near-No. 3 ranking that… Continue reading A compact crossover is coming for America’s pickup trucks. Here are the top-selling cars of 2023
China’s Xpeng claims its latest EV model could be an industry ‘game changer’
watch now Chinese electric vehicle company Xpeng told CNBC on Friday that its newly launched X9 model could be a “game changer” for the industry. Xpeng launched the X9 large 7-seater EV on Jan. 1, a car built on its SEPA2.0 architecture for the Chinese market. The X9 series are priced between 359,800 yuan to 419,800 yuan… Continue reading China’s Xpeng claims its latest EV model could be an industry ‘game changer’
Honda teases new EVs with futuristic ‘Space-Hud’ and ‘Saloon’ concept cars
Honda Saloon concept electric vehicle Courtesy Honda Honda Motor revealed two concept cars Tuesday at the CES tech conference as a preview for a new lineup of electrified vehicles that will begin arriving in North America in 2026. The concept models are called the “Space-Hub” and “Saloon,” which the first production “Honda 0 Series” EV… Continue reading Honda teases new EVs with futuristic ‘Space-Hud’ and ‘Saloon’ concept cars