Category: Automotive

Ford slips below GM for #2 in US EV sales for the first quarter of 2023

Ford Motor released its first quarter sales Tuesday showing a 41% increase in EV sales. Despite the growth, Ford was outpaced in the first three months of 2023 by rival GM on the back of record Chevy Bolt EV sales. GM outpaces Ford in EV sales in Q1 2023 According to Ford’s press release, the… Continue reading Ford slips below GM for #2 in US EV sales for the first quarter of 2023

Elon Musk hypes up Tesla Cybertruck production

Elon Musk is hyping up Tesla Cybertruck production as some still hold on to hope that Tesla might be underpromising to overdeliver. The Cybertruck production program is being closely followed by the industry as it is likely the most important new electric vehicle to launch this year. With over 1.5 million reservations and Tesla’s incredible… Continue reading Elon Musk hypes up Tesla Cybertruck production

Tesla prepares to make 4 million units of its cheap electric car, supply chain sources say

Tesla is preparing to make 4 million units of its next vehicle, a ~$25,000 electric car, based on supply chain sources coming out of China. With a plan to build 20 million vehicles per year by the end of the decade, Tesla is going to need to expand its vehicle lineup quickly. It not only… Continue reading Tesla prepares to make 4 million units of its cheap electric car, supply chain sources say

Europa Wire: Saab’s GlobalEye multi-domain AEW&C solution completes successful maiden flight000537

Saab’s GlobalEye multi-domain AEW&C solution completes successful maiden flight (IN BRIEF) Swedish defense company Saab has completed the first flight of its fourth GlobalEye Airborne Early Warning & Control aircraft, marking a significant milestone in Saab’s AEW&C programme. The aircraft performed several tests related to the aircraft’s capabilities during the flight. The GlobalEye is a… Continue reading Europa Wire: Saab’s GlobalEye multi-domain AEW&C solution completes successful maiden flight000537

Europa Wire: Continental and HERE Technologies to power IVECO commercial vehicles in the EU with Intelligent Speed Assistance and fuel-saving functions000536

Continental and HERE Technologies to power IVECO commercial vehicles in the EU with Intelligent Speed Assistance and fuel-saving functions (IN BRIEF) Continental and HERE Technologies will provide Intelligent Speed Assistance (ISA) and fuel-saving functions to all commercial vehicles produced by IVECO in the EU market from 2023 onwards. The solution will be delivered through Continental’s… Continue reading Europa Wire: Continental and HERE Technologies to power IVECO commercial vehicles in the EU with Intelligent Speed Assistance and fuel-saving functions000536

Europa Wire: Rheinmetall signs letter of cooperation to build Boxer vehicles in Australia for export to Germany000535

Rheinmetall signs letter of cooperation to build Boxer vehicles in Australia for export to Germany (IN BRIEF) Rheinmetall has signed a letter of cooperation with Germany and Australia to build Boxer combat vehicles in Australia, expanding the close defence partnership between the two nations in the land domain. The Boxers will be built for export… Continue reading Europa Wire: Rheinmetall signs letter of cooperation to build Boxer vehicles in Australia for export to Germany000535

GM overtakes Ford as second-best seller of EVs in U.S. but still trails Tesla by a wide margin

watch now DETROIT — General Motors pulled ahead of Ford Motor to become the country’s second-best seller of all-electric vehicles during the first quarter, trailing only industry leader Tesla. GM on Monday said it sold 20,670 EVs during the first three months of the year. Ford, which was No. 2 last year, on Tuesday reported… Continue reading GM overtakes Ford as second-best seller of EVs in U.S. but still trails Tesla by a wide margin

GM says 5,000 salaried workers will take buyouts, expects $1 billion charge in first quarter

A GMC pickup truck is displayed for sale on a lot at a General Motors dealership on January 05, 2023 in Austin, Texas. Brandon Bell | Getty Images DETROIT – About 5,000 white-collar workers at General Motors opted to participate in a buyout program that was announced last month to lower the automaker’s global head… Continue reading GM says 5,000 salaried workers will take buyouts, expects $1 billion charge in first quarter

Ford’s first-quarter sales increase 10.1% on improved F-Series truck production

A Ford Lighting pickup is displayed outside the New York Stock Exchange (NYSE) in New York City, U.S., March 23, 2023. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters DETROIT – Ford Motor on Tuesday reported a roughly 10% increase in its quarterly U.S. sales, led by jumps in its critical F-Series pickups and Bronco SUVs. The… Continue reading Ford’s first-quarter sales increase 10.1% on improved F-Series truck production