Tesla Inc. has pushed back initial production of its futuristic-looking Cybertruck to the first quarter of 2023, according to a Reuters report, which cited a person familiar with the matter. Production of the electric pickup had been expected to start later this year but was delayed by a decision to change some of the pickup’s… Continue reading Tesla delays Cybertruck production until 2023
Author: Detroit News Online
Bollinger shelves consumer EVs to focus on commercial trucks
The imposing, battery-powered Bollinger B2 pickup truck won’t be seen on the road anytime soon. The Oak Park-based startup announced Friday that it is canceling consumer orders for its innovative, off-road-capable B2 pickup and B1 SUV in order to focus on its burgeoning commercial truck business. The $125,000 B1 and B2 were part of a… Continue reading Bollinger shelves consumer EVs to focus on commercial trucks
Automakers say they won’t let Tesla steal the truck race
In the summer of 2019, General Motors Co. President Mark Reuss teased out the idea that the company’s first electric pickup wouldn’t necessarily be designed for the job site but would be something with “more style and capability for off-road.” The implication then was that electric trucks, with their high cost and heavy batteries, weren’t quite ready… Continue reading Automakers say they won’t let Tesla steal the truck race
Lucid will build Saudi EV factory by 2026, chairman says
Lucid Group Inc. intends to build an electric-vehicle factory in Saudi Arabia by 2025 or 2026 and is negotiating details with ministries in the kingdom. “Now that we are successfully producing and selling cars in the U.S., our attention is turning to this factory here,” Lucid Chairman Andrew Liveris told Bloomberg Television on Wednesday at… Continue reading Lucid will build Saudi EV factory by 2026, chairman says
GM ramps up investment proposal for EV production at Orion to $1.3 billion
General Motors Co. is seeking a tax abatement from Orion Township on a proposed $1.3 billion investment to build electric vehicles at its assembly plant there, according to the application obtained by The Detroit News, a sharp increase from the automaker’s earlier $160 million request. The investment would lead to the creation or retention of 2,000… Continue reading GM ramps up investment proposal for EV production at Orion to $1.3 billion
Stellantis says it will add more emissions controls at new Jeep plant
The maker of Jeep SUVs says it will install more emissions controls at its new plant in Detroit after an analysis by a third-party engineering found a high frequency of odor concentrations coming from the plant making Grand Cherokees. Timing on how soon these mitigation efforts can take place will depend on discussions with the state of… Continue reading Stellantis says it will add more emissions controls at new Jeep plant
Bubble trouble: Rivian is the latest high flyer to pop on Wall Street
Skeptics who have long fretted about a speculative bubble in shares of hyper-expensive, unprofitable companies are pointing to this week’s blowup in Rivian Automotive Inc. as the latest sign that the air is leaking out fast. Rivian, a maker of electric pickup trucks, briefly surpassed Volkswagen AG’s market value after its November initial public offering… Continue reading Bubble trouble: Rivian is the latest high flyer to pop on Wall Street
Aston Martin gauges Ford executive’s interest in becoming CEO
Aston Martin Lagonda Global Holdings Plc’s chairman has approached Steven Armstrong, a senior Ford Motor Co. executive, to gauge his interest in becoming chief executive officer of the British carmaker, according to people familiar with the matter. Billionaire Lawrence Stroll reached out to Armstrong — a former chairman of Ford Europe — twice last month,… Continue reading Aston Martin gauges Ford executive’s interest in becoming CEO
Rivian plunges below IPO price on mounting EV competition
Rivian Automotive Inc., the electric pickup maker backed by Amazon.com Inc., briefly tumbled below its November IPO price as the industry darling faces growing competition in the EV market. The move extends a drop from Wednesday, the biggest since mid-November, after Amazon announced a deal with Stellantis NV to buy electric delivery vans. While Rivian… Continue reading Rivian plunges below IPO price on mounting EV competition
New normal: Car sales unlikely to hit pre-pandemic highs any time soon
New normal: Car sales unlikely to hit pre-pandemic highs any time soon News Sports Autos Business Michigan Life + Home Entertainment Opinion Obituaries With automakers only expecting to sell about as many vehicles in 2021 as they did in the waning years of the Great Recession and supply issues still hampering production, the U.S. auto industry likely won’t… Continue reading New normal: Car sales unlikely to hit pre-pandemic highs any time soon