Cupra’s breakaway success from Seat looks to strengthen with the Tavascan coupe-SUV, its third bespoke offering and second all-electric model. Launched alongside the tagline “the brand’s dream comes true”, the SUV is only subtly distinguishable from the rather bold-looking concept that previewed its design in 2019, something the young Spanish brand is key to emphasise.… Continue reading Cupra Tavascan revealed with 335bhp and 341-mile range
Category: US Motoring Press
Earth Day 2023 and each day is about saving Planet Earth
Today – April 22 – is Earth Day 2023 and the 53rd anniversary of Earth Day. Earth Day is now a global event each year, and over a billion people across 192 countries now take part in what is the largest civic-focused day of action in the world. It is a day of political action and… Continue reading Earth Day 2023 and each day is about saving Planet Earth
Fain calls for better battery plant wages, criticizes Stellantis CEO
New UAW President Shawn Fain, in a wide-ranging talk Friday, discussed the need to secure better wages at vehicle battery plants, a fractured relationship with one automaker in particular and the necessity for the union to be seen once again as a leader in the fight for worker benefits. He also committed to running for… Continue reading Fain calls for better battery plant wages, criticizes Stellantis CEO
Canada Lands Volkswagen Battery Plant With Billions in Subsidies
Volkswagen’s first North American battery plant for electric vehicles will be built in Canada, and Prime Minister Justin Trudeau and other Canadian politicians made it clear on Friday that the country had effectively been in a bidding war with the United States. “We put up a lot of money,” Mr. Trudeau said at a news… Continue reading Canada Lands Volkswagen Battery Plant With Billions in Subsidies
Elon Musk had a rough week across his empire — Tesla, Twitter and SpaceX
Theo Wargo | Wireimage | Getty Images A rough week for Elon Musk was capped Friday when institutional shareholders in Tesla admonished the company’s board of directors to rein in an “over-committed” CEO in an open letter. The letter follows the midair explosion of the SpaceX Starship rocket in its first test flight Thursday and… Continue reading Elon Musk had a rough week across his empire — Tesla, Twitter and SpaceX
Lyft’s new CEO begins tenure with layoffs, reportedly cutting 1,200 jobs
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Ride-sharing app Lyft will lay off a significant… Continue reading Lyft’s new CEO begins tenure with layoffs, reportedly cutting 1,200 jobs
Jim Cramer’s top 10 things to watch in the stock market Friday
1. Truist downgraded Tesla (TSLA) to hold from buy, while lowering its price target to $154 per share, from $245. The firm cited the electric vehicle maker’s “brazen willingness to accept lower product margins.” Meanwhile, Barclays lowered its price target on Tesla to $220 per share, from $230, but maintained an overweight rating on the… Continue reading Jim Cramer’s top 10 things to watch in the stock market Friday
Ford’s F-150 leaves tough choices for buyers seeking EV tax credits
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’s F-150 leaves tough choices for buyers seeking EV tax credits
Tesla’s struggle to lure buyers paints a grim economic picture
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 Tesla’s struggle to lure buyers paints a grim economic picture
After 4 price cuts, Tesla raises cost for older models
Detroit — After cutting U.S. vehicle prices four times this year, Tesla raised the cost overnight on its slow-selling more expensive models. The hike could be an effort to appease investors, who dumped shares of Tesla on Thursday after earnings and profit margins dropped due to previous price cuts. The Austin, Texas, company added $2,500 to all… Continue reading After 4 price cuts, Tesla raises cost for older models