General Motors (GM) has moved a step closer to a shock Formula 1 entry after the FIA, world motorsport’s governing body, approved an application by racing giant Andretti Autosport to enter the category. The two American firms had announced a big to enter F1 with a new team named Andretti Cadillac earlier this year, and those plans have now… Continue reading Cadillac-backed Andretti Formula 1 bid is approved as 11th team
Category: US Motoring Press
Rivian reports better-than-expected EV deliveries for the third quarter
Mike Blake | Reuters Rivian Automotive on Monday reported record third-quarter electric vehicle deliveries and said it remains on track to produce 52,000 EVs in 2023. The company said it delivered 15,564 vehicles during the period, up 23% from the second quarter of 2023 and ahead of Wall Street estimates. Analysts surveyed by FactSet had… Continue reading Rivian reports better-than-expected EV deliveries for the third quarter
Tesla reported 435,059 deliveries for the third quarter, and production of 430,488 vehicles
Tesla vehicles waiting to be loaded on board a cargo vessel at Nangang port, in Shanghai, China, on Sept. 6, 2023. Vcg | Visual China Group | Getty Images Tesla posted its third-quarter vehicle production and delivery report for 2023 on Monday. Here are the key numbers from the electric vehicle maker: Total deliveries Q3 2023: 435,059 Total production… Continue reading Tesla reported 435,059 deliveries for the third quarter, and production of 430,488 vehicles
CNBC Daily Open: Oversold in September, bounce in October?
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, June 27, 2022. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to… Continue reading CNBC Daily Open: Oversold in September, bounce in October?
Cadillac-backed Andretti Formula 1 bid is approved as 11th team
General Motors (GM) has moved a step closer to a shock Formula 1 entry after the FIA, world motorsport’s governing body, approved an application by racing giant Andretti Autosport to enter the category. The two American firms had announced a big to enter F1 with a new team named Andretti Cadillac earlier this year, and those plans have now… Continue reading Cadillac-backed Andretti Formula 1 bid is approved as 11th team
Ora Funky Cat gains bigger battery for 260 miles of range
The Ora Funky Cat – a quirky Volkswagen ID 3 rival from Chinese firm Great Wall Motor – has gained a larger battery for an improved range. Already available with a 48kWh battery and 193 miles of range, the electric hatchback can now also be selected with a 63kWh unit to offer 260 miles of range, according to the… Continue reading Ora Funky Cat gains bigger battery for 260 miles of range
M&M’s domestic CV wholesales surge 10% YoY to 23,997 units in September 2023
Mahindra & Mahindra (M&M), the Mumbai-based automotive major, reported a significant increase in domestic sales for commercial vehicles, with a jump of 9.93% to 23,997 units, compared to 21,666 units in the same month last year. According to the data provided by M&M, the sales of vehicles in the Light Commercial Vehicle (LCV) category weighing… Continue reading M&M’s domestic CV wholesales surge 10% YoY to 23,997 units in September 2023
Tata Motors sees 24% surge in MHCV wholesales in Q2FY24
Mumbai-based automotive giant Tata Motors reported a significant 24% increase in wholesale of medium- and heavy commercial vehicles (MHCV) during the second quarter of fiscal year 2023. The surge in sales can be attributed to a robust infrastructure push by the government, replacement demand, growth in core sectors, and a sustained spike in the e-commerce industry.… Continue reading Tata Motors sees 24% surge in MHCV wholesales in Q2FY24
Tata Motors sees 24% surge in MHCV wholesales in Q2FY24
Mumbai-based automotive giant Tata Motors reported a significant 24% increase in wholesale of medium- and heavy commercial vehicles (MHCV) during the second quarter of fiscal year 2023. The surge in sales can be attributed to a robust infrastructure push by the government, replacement demand, growth in core sectors, and a sustained spike in the e-commerce industry.… Continue reading Tata Motors sees 24% surge in MHCV wholesales in Q2FY24
MHI directs OMCs to float 7400 EV charger mega tender
The Ministry of Heavy Industries has directed Oil marketing companies (OMCs) to float a common tender for over 7,400 EV chargers, amid challenges of erratic functionality of 1,000 plus chargers installed under FAME 2 and supporting the rising EV population. This is expected to be issued on the government’s e-procurement portal by this month’s end. Slated to… Continue reading MHI directs OMCs to float 7400 EV charger mega tender