A XPeng Inc. G6 electric sport utility vehicle (SUV). The company is hoping the release of the new car will boost sales which plunged in the first quarter. Qilai Shen | Bloomberg | Getty Images Shares of Chinese electric vehicle firm Xpeng dropped on Wednesday after the company reported earnings that missed expectations and forecast… Continue reading Chinese Tesla rival shares dive 11% after it forecasts a plunge in car deliveries
Category: US Motoring Press
Elon Musk says his days are ‘long and complicated’ splitting time between SpaceX, Tesla and Twitter
Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023. David A. Grogan | CNBC Elon Musk added to his work portfolio late last year, when he acquired Twitter for $44 billion and appointed himself CEO. While he recently announced a successor for that role, the job is currently still his, and he… Continue reading Elon Musk says his days are ‘long and complicated’ splitting time between SpaceX, Tesla and Twitter
MEDC launches consortium of higher ed, employers to prepare semiconductor workforce
The Michigan Economic Development Corp., the state’s economic development organization, is spearheading the launch of a consortium of higher education institutions and employers to train workers for jobs in the growing semiconductor industry. That’s according to an announcement Wednesday by Lt. Gov. Garlin Gilchrist II, MEDC officials, and founding members of the consortium. The MEDC,… Continue reading MEDC launches consortium of higher ed, employers to prepare semiconductor workforce
GM receives tax incentives to support potential $3.5 billion Indiana battery plant
An Indiana county council on Tuesday evening approved tax incentives for a $3.5 billion battery plant investment by General Motors Co. and battery partner Samsung SDI. The St. Joseph County Council unanimously approved a development agreement and tax abatements for the project that would be the largest seen in the area if the companies decide… Continue reading GM receives tax incentives to support potential $3.5 billion Indiana battery plant
Dingell challenges GOP lawmaker over claim that Ford does China’s bidding
Washington — A GOP lawmaker from Virginia used a Congressional subcommittee hearing Tuesday to allege that a Chinese company will control Ford Motor Co.’s $3.5 billion battery plant in Marshall. By the end of the hearing, U.S. Rep. Debbie Dingell, D-Ann Arbor, had joined the panel to rebut the claims. Dingell serves on the Energy… Continue reading Dingell challenges GOP lawmaker over claim that Ford does China’s bidding
HELP: Stellantis tests alerts for disabled vehicles ahead
Auburn Hills — The maker of Jeep SUVs, Ram pickup trucks and other vehicles said Tuesday it’s testing infotainment screen pop-up messages to alert drivers of upcoming disabled vehicles. The technology would augment Stellantis NV’s already-deployed Emergency Vehicle Alert System that messages drivers of its model-year 2018 or newer vehicles about ambulances, fire trucks and… Continue reading HELP: Stellantis tests alerts for disabled vehicles ahead
New BMW 520i is last pure-combustion 5 Series
The basis for the new 5-series – which is also set to spawn a successor to the 5-series Touring in early 2024, is BMW’s Cluster Architecture (CLAR) platform. The new model, which dons a more muscular look, is still dominated by BMW’s classic kidney grille, which, on internal combustion engine and plug-in hybrid models, receives… Continue reading New BMW 520i is last pure-combustion 5 Series
Autocar magazine 24 May: on sale now
This week in Autocar, we’ve got all you need to know about the new BMW 5 Series, drive the Abarth 500e and find out what could be the best car on sale today. News BMW has launched the all-important new 5 Series with a four-wheel-drive, 493bhp i5 crowning the range. Before it lands on UK… Continue reading Autocar magazine 24 May: on sale now
2024 BMW i5: electric saloon arrives with up to 593bhp
The long-awaited BMW i5 saloon has been unveiled and will arrive later this year in the UK with 593bhp and up to 321 miles of range to take on the Mercedes-Benz EQE, Tesla Model S and upcoming Audi A6 E-tron saloon. Joining the BMW iX1, BMW i4 and BMW i7 in the Munich firm’s swiftly… Continue reading 2024 BMW i5: electric saloon arrives with up to 593bhp
Fisker Ocean brings 557bhp and 440 miles for £61,000
The long-awaited Fisker Ocean SUV will arrive in the UK in the coming months, priced at just under £61,000 in launch-spec Extreme guise. According to details from industry pricing database Cap HPI, the Fisker Ocean Extreme costs £60,880 and is fitted with a range-topping 113kWh ‘Hyper Range’ battery pack which gives 440 miles per charge,… Continue reading Fisker Ocean brings 557bhp and 440 miles for £61,000