Akio Toyoda, president and CEO of Toyota Motor Corp. Kiyoshi Ota | Bloomberg | Getty Images DETROIT – Toyota Motor stock sealed its best week since 2009 on Friday, as the automaker laid out a robust plan for future all-electric vehicles and company scion Akio Toyoda became leader of the Japanese company’s board. Shares of… Continue reading Toyota defies skeptics as stock seals best week since 2009
Category: US Motoring Press
Elon Musk says Tesla’s market cap is directly tied to whether it solves autonomous driving
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, June 16, 2023. Chesnot | Getty Images Tesla CEO Elon Musk thinks the automaker’s market capitalization is directly tied to whether the automaker is able to solve autonomous driving,… Continue reading Elon Musk says Tesla’s market cap is directly tied to whether it solves autonomous driving
Auto insurers are raising rates, even as car prices ease. ‘The pandemic has been really disruptive to the auto repair business,’ economist says
Simon2579 | E+ | Getty Images More wrecks, fewer shops mean higher premiums Average motor vehicle insurance prices rose by 17.1% in May versus a year ago, according to the consumer price index. That’s among the largest annual increases of any consumer good or service, bested only by prices for margarine, frozen vegetables, motor vehicle… Continue reading Auto insurers are raising rates, even as car prices ease. ‘The pandemic has been really disruptive to the auto repair business,’ economist says
‘You have to be ready for a sell-off,’ Cramer says of this highly overbought market
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 Friday’s key moments. Be ready for a sell-off Stick with Ford Don’t invest based on fear 1. Be ready for a sell-off U.S. stocks rose Friday, adding to strong weekly performances for all… Continue reading ‘You have to be ready for a sell-off,’ Cramer says of this highly overbought market
Stellantis to reveal its first Europe-made affordable electric vehicle
Citroen CEO Thierry Koskas poses next to an electric concept car on June 14, 2023. Joel Saget | Afp | Getty Images Stellantis, the third-largest carmaker in the world by revenue, will reveal its first European-made, affordable electric car in mid-October. The new Citroën e-C3 model will have a 320-kilometre range and a 57-minute “fast… Continue reading Stellantis to reveal its first Europe-made affordable electric vehicle
Howes: UAW’s Fain uses new tools to deliver promises, confound skeptics
This content is only available to subscribers. Get unlimited digital access. $1 a month for the first 12 months. 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… Continue reading Howes: UAW’s Fain uses new tools to deliver promises, confound skeptics
Stellantis appoints new head of customer experience in North America
The maker of Jeep SUVs, Ram pickup trucks and other vehicles has named a new head of customer experience in North America to replace a 30-year veteran who is retiring. William Kendell, who holds global responsibility for propulsion supplier quality at Stellantis NV, will succeed David McDonald effective July 1. Kendell will direct staff around… Continue reading Stellantis appoints new head of customer experience in North America
Is EV charging the new hot amenity for apartments and offices?
Real estate is ready to get plugged into the electric vehicle revolution. With thousands of new electric automobiles hitting the road every day, owners of everything from offices to apartment buildings are being pressured to provide charging stations for their tenants. But who pays for installing what ultimately could be millions of chargers and how… Continue reading Is EV charging the new hot amenity for apartments and offices?
Electric Dacia Sandero due in 2027 at low price
The next-generation Dacia Sandero will be the firm’s first full-size electric car, promising segment-leading affordability by shunning costly fast-charging, long-range battery hardware. Following the successful European launch of the Dacia Spring EV in 2021 (it has now sold some 120,000 units in the region), the Romanian firm is shifting focus to the electrification of its existing core… Continue reading Electric Dacia Sandero due in 2027 at low price
Aehra saloon is 497-mile Porsche Taycan rival
US-Italian start-up Aehra has revealed its second model, a performance-focused electric saloon to rival the Porsche Taycan and Mercedes-AMG EQS, at the Monza motor show. Referred to as simply the Sedan by Aehra – it does not name its models – it joins the SUV revealed in late 2022 as part of a push from… Continue reading Aehra saloon is 497-mile Porsche Taycan rival