The price of petrol has dropped to 145p per litre for the first time in 18 months – but the RAC, which has praised the news, claims it should be 3p lower. One litre of unleaded costs 144.95p as of 14 May, which stands as the fuel’s lowest price since 3 November 2021, when the average price was… Continue reading Petrol drops below 145p per litre amid fuel price discrepancy
Category: US Motoring Press
Stellantis, Canadian government in dispute over battery plant commitments
Unifor, the union representing Canadian autoworkers, is pressing for swift government action after Jeep- and Chrysler-parent Stellantis said it had halted construction at an electric vehicle battery plant in Windsor over a dispute related to subsidies for the almost $4 billion project. Unifor National President Lana Payne painted the situation in stark terms in a… Continue reading Stellantis, Canadian government in dispute over battery plant commitments
Cramer says Club portfolio is positioned to buy market dips. Here’s where investors can look
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 Monday’s key moments. 1. Be ready to buy Wall Street was mixed to flat in late-morning trading Monday. President Joe Biden seems optimistic about a debt ceiling deal. He called congressional leaders back… Continue reading Cramer says Club portfolio is positioned to buy market dips. Here’s where investors can look
Elon Musk still needs ‘Twitter sitter,’ judges rule
SpaceX owner and Tesla CEO Elon Musk at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Blake | Reuters Tesla CEO Elon Musk lost an appeal to unwind parts of a consent decree that he and the automaker struck with the Securities and Exchange Commission to settle civil securities fraud charges… Continue reading Elon Musk still needs ‘Twitter sitter,’ judges rule
Americans are keeping their cars longer amid sky-high prices, rising interest rates
Cars, trucks, SUVs, and other vehicles drive in traffic on the 405 freeway through the Sepulveda Pass in Los Angeles, California, on August 25, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT — The average age of passenger vehicles on U.S. roadways climbed to a record this year, as car owners hold on… Continue reading Americans are keeping their cars longer amid sky-high prices, rising interest rates
Why the Detroit automakers are losing ground in the world’s largest auto market
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 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 politics from… Continue reading Why the Detroit automakers are losing ground in the world’s largest auto market
Ford plans to lay off 1,300 workers in China, local media reporting
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 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 politics from… Continue reading Ford plans to lay off 1,300 workers in China, local media reporting
Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rules
New York — Elon Musk cannot back out of a settlement with securities regulators that was reached after his 2018 tweets claiming he had secured funding to take Tesla private caused the electric vehicle maker’s share price to jump and led to a temporary halt in trading, an appeals court ruled Monday. The summary order… Continue reading Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rules
Here’s how to keep your car on the road longer to avoid costly payments
Detroit – With the average new-vehicle price in the U.S. at nearly $48,000 and the cost of a used automobile averaging almost $29,000, many people are getting repairs done and keeping their vehicles longer. That’s boosted the average age of a vehicle on U.S. roads to a record 12.5 years this year, according to state… Continue reading Here’s how to keep your car on the road longer to avoid costly payments
Korea’s battery makers embrace LFP cells as China strides ahead
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 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 politics from… Continue reading Korea’s battery makers embrace LFP cells as China strides ahead