Elon Musk, the chief executive of Tesla, warned shareholders Tuesday to expect a difficult year because of an unsteady global economy and high interest rates. “This is going to be a challenging 12 months,” Mr. Musk said at Tesla’s annual shareholder meeting. He added, “Tesla is not immune to the global economic environment.” Mr. Musk’s… Continue reading Musk Warns Tesla Shareholders to Expect “Challenging” Year
Category: US Motoring Press
Planning an EV road trip? Good luck finding a hotel with a charger
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 Planning an EV road trip? Good luck finding a hotel with a charger
Threatened by shortages, electric car makers race for supplies of lithium for batteries
Beijing — Threatened by possible shortages of lithium for electric car batteries, automakers are racing to lock in supplies of the once-obscure “white gold” in a politically and environmentally fraught competition from China to Nevada to Chile. General Motors Co. and the parent company of China’s BYD Auto Ltd. went straight to the source and bought stakes in lithium… Continue reading Threatened by shortages, electric car makers race for supplies of lithium for batteries
Stellantis boosts marketing efforts to reach Black customers with TKT Collab
The maker of Chrysler, Dodge, Jeep, Ram and other vehicles is boosting its marketing efforts to reach Black customers and other multicultural communities. Stellantis NV on Wednesday said it has added TKT Collab — a division of Kentucky-based TKT & Associates, a Black- and woman-owned business — to its North America creative roster. It is… Continue reading Stellantis boosts marketing efforts to reach Black customers with TKT Collab
Autocar names top rising stars in 2023 Great Women awards
The winners of the 2023 Autocar Great Women: Rising Stars award have been announced, recognising the motoring industry’s best up-and-coming female talent spanning 11 categories. Held in conjunction with the Society of Motor Manufacturers and Traders (SMMT) and assisted by executive search specialists Ennis & Co, the Autocar Great Women awards celebrate the most successful… Continue reading Autocar names top rising stars in 2023 Great Women awards
Bugatti to expand Molsheim HQ to prepare for electric hypercar
Bugatti has confirmed plans to expand its headquarters in Molsheim, France, in an investment programme that, it says, will “support the development of new models beyond the era of the Chiron”. Among the planned site changes is the construction of a new two-storey building adjacent to the existing Atelier, where the Bugatti Chiron is assembled. Set for… Continue reading Bugatti to expand Molsheim HQ to prepare for electric hypercar
Carmakers to post record June dispatches, growth rate likely to fall to low single digit
It is going to be a bittersweet June for the Indian passenger car market. Despite registering the highest number of June dispatches ever at 3.25 to 3.30 lakh units, Autocar Professional learns that the growth rate for the month is expected to fall to 2.5-4 percent, which is the lowest growth rate in fifteen months.… Continue reading Carmakers to post record June dispatches, growth rate likely to fall to low single digit
Carmakers to post record June dispatches, growth rate likely to fall to low single digit
It is going to be a bittersweet June for the Indian passenger car market. Despite registering the highest number of June dispatches ever at 3.25 to 3.30 lakh units, Autocar Professional learns that the growth rate for the month is expected to fall to 2.5-4 percent, which is the lowest growth rate in fifteen months.… Continue reading Carmakers to post record June dispatches, growth rate likely to fall to low single digit
BMW launches M 1000 RR at Rs 49 lakh
BMW has launched the road-legal version of its Superbike World Championship (also known as WSBK) machine, the updated M 1000 RR, at Rs 49 lakh (ex-showroom, India). Equipping the bike with the M Competition Package will set you back by another Rs 6 lakh, taking the price up to Rs 55 lakh (ex-showroom, India). Powering the… Continue reading BMW launches M 1000 RR at Rs 49 lakh
Ex-Audi boss sentenced in diesel emissions fraud case
Former Audi chairman Rupert Stadler has been handed a suspended sentence of one year and nine months by a German court for fraud by negligence in the diesel emission manipulation scandal. Stadler, who headed Audi from 2007 until 2018, has also been fined €1.1 million (£950,000) in the ruling handed down on Tuesday. According to prosecutors, Audi manipulated diesel… Continue reading Ex-Audi boss sentenced in diesel emissions fraud case