Category: US Motoring Press

The market is still overbought, and Cramer is ‘still in sell mode.’ But that could change

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. ‘Still in sell mode’ Stay bullish on Nvidia Watch Ford 1. ‘Still in sell mode’ Stocks started the holiday-shortened trading week under pressure Tuesday, even as technology companies continued to… Continue reading The market is still overbought, and Cramer is ‘still in sell mode.’ But that could change

Japan signed a critical minerals deal with the U.S. — but it’s still losing the global EV race

Sony Honda Mobility CEO Yasuhide Mizuno speaks at a news conference in Tokyo, on Oct. 13, 2022. Sony and Honda’s joint mobility venture unveiled a new EV prototype in January. Kiyoshi Ota | Bloomberg | Getty Images Japan is gearing up to be a larger player in the EV space by signing a critical minerals… Continue reading Japan signed a critical minerals deal with the U.S. — but it’s still losing the global EV race

GM expands Duramax diesel engine operations to support HD truck production

General Motors Co. is investing $920 million at its Ohio Duramax operations for production of diesel engines for future heavy-duty trucks, the company announced last week. The investment supports GM’s future full-size heavy-duty truck business. Product details and timing related to GM’s coming HD powertrain trucks were not released. The DMAX news came after GM… Continue reading GM expands Duramax diesel engine operations to support HD truck production

Paris-based engineering company to expand into Michigan, Whitmer says during France trip

Washington — Expleo, a Paris-based engineering company, will open its first North American research and development facility in Michigan, Gov. Gretchen Whitmer said Tuesday after finalizing the agreement during an investment trip to France. The company is expected to invest $2 million in a project that will focus on automotive R&D, Whitmer said. It’s estimated… Continue reading Paris-based engineering company to expand into Michigan, Whitmer says during France trip

Electric vehicle maker Rivian to join Tesla charging network as automakers consider company’s plug

Detroit – Electric vehicle maker Rivian says it will follow General Motors and Ford and join Tesla’s charging network next year. The startup truck, SUV and delivery van maker says Tuesday that like GM and Ford, it will include ports with Tesla’s connector on future Rivian vehicles starting in 2025. It also will offer an… Continue reading Electric vehicle maker Rivian to join Tesla charging network as automakers consider company’s plug

All-electric Escalade IQ to bow in August, GM says

General Motors Co. will reveal the all-electric Escalade IQ on Aug. 9 in New York City, the automaker said Tuesday, confirming that the full-size, luxury SUV will be built at Factory Zero Detroit-Hamtramck Assembly Center. GM released details about the Escalade IQ last month and promised it would have “the same commitment to craftsmanship, technology… Continue reading All-electric Escalade IQ to bow in August, GM says

Stellantis, Foxconn form 50:50 JV to make semiconductors for auto industry

Stellantis and Foxconn have established a 50:50 JV SiliconAuto to design and sell semiconductors for the auto industry from 2026. The joint venture is the product of a December 2021 agreement between Stellantis and Foxconn, to develop a family of semiconductors for automotive applications. SiliconAuto will provide customers an auto industry-centric source of semiconductors for the… Continue reading Stellantis, Foxconn form 50:50 JV to make semiconductors for auto industry

‘Auto dealers must collaborate, not compete to improve margins’: Ramesh Iyer

With auto sales continuing to be sluggish, and new customer acquisition getting increasingly difficult, Ramesh Iyer, Vice Chairman and MD of Mahindra Finance says that the industry needs to collaborate and not compete, to increase its consumer base.  Giving a speech at FADA’s second Finance and Insurance Summit, Iyer spoke on the importance of discipline… Continue reading ‘Auto dealers must collaborate, not compete to improve margins’: Ramesh Iyer

Air conditioned driver cabins in trucks to be mandatory soon: Nitin Gadkari

In a big respite to the truck drivers, Minister for Road Transport and Highways, Nitin Gadkari proposed all commercial vehicle makers install air conditioners inside the driver cabins. “All trucks will now need to have air-conditioned driver compartments. I wanted to introduce air conditioners in truck driver compartments from the day I took charge as Minister.… Continue reading Air conditioned driver cabins in trucks to be mandatory soon: Nitin Gadkari