General Motors said on Thursday that it would adopt Tesla technology to charge its electric vehicles, including selling models that use the plugs pioneered by Tesla. The announcement, two weeks after Ford struck a comparable agreement, is likely to make Tesla’s plugs the industry standard and squeeze companies that are racing to build similar networks… Continue reading GM’s Electric Vehicles Will Use Tesla’s Charging Network
Category: US Motoring Press
24 Hours of Le Mans: 100 Years of Endurance and Innovation
This year marks the 100th anniversary of the 24 Hours of Le Mans, which was first held in May 1923 to help spur innovation in the growing automotive industry by emphasizing not just speed, but also efficiency, reliability and endurance. “It is a very demanding race, and the greatest race,” said Tom Kristensen, who has… Continue reading 24 Hours of Le Mans: 100 Years of Endurance and Innovation
At 24 Hours of Le Mans, Toyota Faces New Challengers
For the first time since 2017, the 24 Hours of Le Mans in France will feature a handful of cars from the major automakers this weekend, competing for the top prize. Toyota, which has won the last five years as the only big automaker, now faces a crowded field. Fighting for overall victory will also… Continue reading At 24 Hours of Le Mans, Toyota Faces New Challengers
At 24 Hours of Le Mans, NASCAR Is Out of Its Element
When the possibility of a NASCAR Cup Series car competing in the 24 Hours of Le Mans endurance race was first discussed two years ago, there was some surprise. “I talked to a few people, traditional sports-car folks and traditional racing folks, and when I told them about the project, they were scratching their head… Continue reading At 24 Hours of Le Mans, NASCAR Is Out of Its Element
New UK battery factory to be built by Jaguar Land Rover owner Tata
A deal for a new UK factory making EV batteries at Bridgewater in Somerset will be announced by Indian conglomerate Tata and the UK Government within days, according to reports. The company, which also owns Jaguar Land Rover, is said to have picked the West Country site in spite of stiff competition from elsewhere in… Continue reading New UK battery factory to be built by Jaguar Land Rover owner Tata
A key bank stock soars, but Cramer sticks to his discipline
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 Tuesday’s key moments. Watch Morgan Stanley Hold Eli Lilly Buy Ford 1. Watch Morgan Stanley Bank stocks climbed higher Tuesday, as Club holding Morgan Stanley (MS) delivered an earnings beat. Equities more broadly… Continue reading A key bank stock soars, but Cramer sticks to his discipline
Jim Cramer explains Ford’s electric vehicle price cuts
watch now CNBC’s Jim Cramer on Monday analyzed Ford Motor‘s move to slash prices for its electric F-150 Lightning pickup truck. Cramer said he thinks the price cuts are due at least in part to the novelty of EVs wearing off for many Americans. Ford announced on Monday it would cut prices for all versions… Continue reading Jim Cramer explains Ford’s electric vehicle price cuts
GM hires new marketing head from CVS Health
General Motors Co. on Tuesday named Norm de Greve as its new senior vice president and chief marketing officer. De Greve joins GM from CVS Health, where was chief marketing officer since 2015. He’s taking the job after the March retirement of Deborah Wahl, GM’s last head of marketing. De Greve will assume the position… Continue reading GM hires new marketing head from CVS Health
Ford takes $3.6 billion hit for following the Tesla playbook
This content is only available to subscribers. Get unlimited digital access. $1 for the rest of the year. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics… Continue reading Ford takes $3.6 billion hit for following the Tesla playbook
It’s carmakers against miners in battle over China-funded metals
This content is only available to subscribers. Get unlimited digital access. $1 for the rest of the year. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics… Continue reading It’s carmakers against miners in battle over China-funded metals