Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DEARBORN, Mich. – Ford Motor made its case to Wall Street at an investor event Monday, sharing details of its plan to profitably build millions of EVs while growing its traditional operations. Ford CEO Jim Farley kicked off the… Continue reading Ford lays out its plans to ramp EVs and boost profits in key capital markets day
Category: US Motoring Press
GM will introduce an all-electric Cadillac Escalade ‘IQ’ later this year
GM’s first all-electric Cadillac Escalade will be called the “Escalade IQ,” which continues Cadillac’s EV naming strategy that so far includes the Lyriq crossover and upcoming Celestiq ultra-luxury sedan. GM DETROIT – General Motors on Monday confirmed plans to introduce an all-electric version of its flagship Cadillac Escalade later this year. The Detroit automaker said… Continue reading GM will introduce an all-electric Cadillac Escalade ‘IQ’ later this year
Ford announces key EV minerals deals ahead of crucial capital markets day
A Ford F-150 Lightning Platinum electric truck during the 2022 New York International Auto Show (NYIAS) in New York, U.S., on Thursday, April 14, 2022. The NYIAS returns after being cancelled for two years due to the Covid-19 pandemic. Michael Nagle | Bloomberg | Getty Images Ford Motor on Monday announced a series of new… Continue reading Ford announces key EV minerals deals ahead of crucial capital markets day
151 House Republicans call on EPA to roll back proposed vehicle emission rules
Washington — More than 150 Republicans in the U.S. House asked Environmental Protection Agency Administrator Michael Regan Monday to roll back the agency’s proposed emissions standards that are expected to further push the auto industry to electric vehicles. EPA’s new emissions standards are “unworkable and impractical” and would force the auto industry into “complete vehicle… Continue reading 151 House Republicans call on EPA to roll back proposed vehicle emission rules
Ford strikes lithium deals to support increase in EV output
Ford Motor Co. reached a series of deals to buy lithium from projects in Canada to Chile, as automakers rush to secure the materials needed to build electric vehicles. Ford has struck deals with Albemarle, the world’s top producer, Chile’s SQM and Canada’s Nemaska Lithium, according to separate announcements Monday. The deals come ahead of… Continue reading Ford strikes lithium deals to support increase in EV output
Cadillac Escalade to get all-electric version this year with new ‘IQ’ badge
The Cadillac Escalade is going electric — and getting a new twist on its name for the EV version. General Motors Co.’s luxury brand on Monday announced the full-size SUV is getting a battery-electric powertrain, which will be revealed “later this year,” without providing details. The vehicle will wear a “Escalade IQ” badge to match… Continue reading Cadillac Escalade to get all-electric version this year with new ‘IQ’ badge
TikTok and other social media trends are thrusting performance crimes into the US spotlight
New York — Jonnifer Neal’s Kia was stolen twice in one day — first from in front of her Chicago home and later from outside the mechanic shop where she took it to get fixed. But Neal’s ordeal didn’t end there. After her car was recovered a month later, she was stopped by police twice… Continue reading TikTok and other social media trends are thrusting performance crimes into the US spotlight
Wall Street in Dearborn: Ford execs say automaker is ready to ‘break out’ of box
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 Wall Street in Dearborn: Ford execs say automaker is ready to ‘break out’ of box
Alpine and Lotus axe deal to co-develop electric sports car
Alpine and Lotus have ended their collaboration on the development of a new electric sports car, widely understood to be the successor to the Alpine A110. The two firms signed a memorandum of understanding in January 2021, agreeing to conduct a “comprehensive feasibility study” for the car. In a statement issued today, Alpine said: “Lotus… Continue reading Alpine and Lotus axe deal to co-develop electric sports car
Rolls-Royce Spectre set to enter production in September
Rolls-Royce is set to begin producing its new Spectre electric coupé for customers in September, at an expected average transaction price of more than half a million euros apiece. Speaking to Autocar at the Villa d’Este Concorso d’Eleganza in Italy – where the luxury EV made its European public debut – Rolls-Royce CEO Torsten Müller-Ötvös… Continue reading Rolls-Royce Spectre set to enter production in September