Formula 1’s 2023 season isn’t even half over, but manufacturers are already working on 2026. That is when revised power-unit regulations, running through 2030, will take effect. It will be the biggest overhaul to the rules since the introduction of 1.6-liter V6 turbocharged engines in 2014. There will be more manufacturers and a step toward… Continue reading F1 Teams Are Already Working on the Power Units Coming in 2026
Category: US Motoring Press
Why Car Repairs Have Become So Expensive
New cars and trucks are packed with sensors and technology that protect and pamper drivers and passengers. But those features are also raising the cost of repairs after accidents. The average cost of making damaged cars good as new has soared 36 percent since 2018, and may top $5,000 by the end of this year,… Continue reading Why Car Repairs Have Become So Expensive
Tesla’s Second Quarter Sales and Deliveries Rise as Tax Credits Fuel Demand
Tesla sales rose a better-than-expected 10 percent in the second quarter as the company led by Elon Musk benefited from government incentives and price cuts that made its electric cars less expensive than comparable gasoline models. Tesla delivered 466,000 vehicles from April through June, up from 423,000 vehicles in the previous quarter, the company said… Continue reading Tesla’s Second Quarter Sales and Deliveries Rise as Tax Credits Fuel Demand
Lithium Scarcity Pushes Carmakers Into the Mining Business
Eager to avoid falling further behind Tesla and Chinese car companies, many Western auto executives are bypassing traditional suppliers and committing billions of dollars on deals with lithium mining companies. They are showing up in hard hats and steel-toed boots to scope out mines in places like Chile, Argentina, Quebec and Nevada to secure supplies… Continue reading Lithium Scarcity Pushes Carmakers Into the Mining Business
Ford pushes back EV target, warns of wider losses due to slower-than-expected adoption
Ford CEO Jim Farley poses for a photo at the launch of the all-new electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images Ford Motor said Thursday pushed back production targets for its electric vehicles, citing slower-than-expected adoption. Ford… Continue reading Ford pushes back EV target, warns of wider losses due to slower-than-expected adoption
Ford raises full-year guidance after solid earnings beat
Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DETROIT — Ford Motor on Thursday raised its 2023 guidance after second-quarter earnings significantly beat Wall Street expectations, boosted by strong pricing and demand for the automaker’s traditional vehicles even as adoption of EVs took hold slower than the… Continue reading Ford raises full-year guidance after solid earnings beat
Assessing the ‘complete turnaround’ for this Big Tech stock
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Stocks rise on growth Stick with Meta Watch Ford earnings 1. Stocks rise on economic growth U.S. stocks climbed higher Thursday on the back of solid economic data and upbeat… Continue reading Assessing the ‘complete turnaround’ for this Big Tech stock
Nissan CEO spots key to cracking ‘challenging’ China market after demand slump
watch now Nissan CEO Makoto Uchida said the Japanese carmaker needs to bring new vehicles to the increasingly crowded Chinese market at speed. Speaking to CNBC’s Tanvir Gill on Wednesday, Uchida said the company would target current Nissan customers with the “timely introduction of high-value product[s] that are as competitive as fast-growing local brands, at… Continue reading Nissan CEO spots key to cracking ‘challenging’ China market after demand slump
28 senators call for joint-venture battery plants to be included in national UAW contracts
Washington — A majority of Democratic U.S. senators on Wednesday urged the CEOs of the Detroit Three automakers to fold workers at joint-venture electric vehicle battery plants into the national United Auto Workers’ contract. The union representing around 400,000 workers in Michigan and across the country opened negotiations over new contracts with the companies earlier… Continue reading 28 senators call for joint-venture battery plants to be included in national UAW contracts
Ford increases guidance as Q2 net income soars; EV losses expected to grow
Ford Motor Co. increased its full-year guidance by $2 billion in adjusted operating income after the Dearborn automaker on Thursday reported $1.9 billion net income in the second quarter of 2023. That profit is nearly triple what it was a year ago. Ford increased its full-year guidance for adjusted operating profits to between $11 billion… Continue reading Ford increases guidance as Q2 net income soars; EV losses expected to grow