Lucid showing a preproduction version of the Gravity, a luxury electric SUV, testing on US public roads. The Gravity is expected to begin shipping in 2024. Courtesy: Lucid Luxury electric-vehicle maker Lucid Group said Tuesday that it has begun testing its next model, a large SUV called Gravity, on public roads in the U.S., a… Continue reading Lucid’s Gravity SUV is taking another step toward production with tests on public roads
Category: US Motoring Press
GM to end production of electric Chevy Bolt, its first mass-market EV, later this year
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT – General Motors plans to stop production of its electric Chevrolet Bolt models by the end of this year, CEO Mary… Continue reading GM to end production of electric Chevy Bolt, its first mass-market EV, later this year
General Motors raises 2023 guidance as first-quarter earnings beat expectations
General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — General Motors on Tuesday raised key guidance for 2023 after reporting first-quarter results that topped Wall Street’s top- and bottom-line forecasts. Here’s how GM did, compared with what Wall Street expected based on average estimates compiled… Continue reading General Motors raises 2023 guidance as first-quarter earnings beat expectations
Driver in fatal Uber autonomous crash set for June trial
Phoenix – An Arizona Uber driver involved in the first death connected to a fully autonomous vehicle will be tried in June on a negligent homicide charge. Rafaela Vasquez, 49, previously had been scheduled for trial next month in the March 2018 crash that killed 49-year-old Elaine Herzberg as she walked a bicycle outside the… Continue reading Driver in fatal Uber autonomous crash set for June trial
May Mobility gets $3M from state, plans $18M expansion, 300 new jobs
Ann Arbor-based autonomous vehicle company May Mobility has been awarded $3 million from the state in support of its plan to add 300 new jobs and invest $18 million in its headquarters. The Michigan Strategic Fund board approved a Michigan Business Development Program performance-based grant for the company during its meeting Tuesday. May Mobility, founded… Continue reading May Mobility gets $3M from state, plans $18M expansion, 300 new jobs
These engineers were recruited for U.S. auto jobs. They ended up on assembly lines
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 These engineers were recruited for U.S. auto jobs. They ended up on assembly lines
GM to stop making electric Chevrolet Bolts at the end of this year
General Motors Co. will stop producing its Chevrolet Bolt electric vehicles at the end of this year as it moves to transition the Orion Assembly plant for production of new electric trucks, CEO Mary Barra told investors Tuesday. “Work also continues to transform our assembly plant in Orion Township, Michigan, to build the GMC Sierra… Continue reading GM to stop making electric Chevrolet Bolts at the end of this year
GM 1Q earnings beat Wall Street expectations, automaker raises guidance for the year
General Motors Co. beat Wall Street expectations on Tuesday with first-quarter net income of $2.4 billion on revenue of $40 billion. Despite a rocky economy, GM raised its guidance and is now projecting adjusted earnings before interest and taxes for the year to be between $11 billion and $13 billion, up from the previous outlook… Continue reading GM 1Q earnings beat Wall Street expectations, automaker raises guidance for the year
Skoda Elroq EV SUV will replace Karoq globally
Skoda has unveiled a fresh all-electric SUV, the Elroq, that will replace the Karoq overseas in the near future. This new SUV will be Skoda’s second born EV that will be followed by four more EVs globally by 2026. Skoda Elroq: first SUV to get Modern Solid design languageSkoda’s all-new and rugged design language, Modern… Continue reading Skoda Elroq EV SUV will replace Karoq globally
M&M remains confident of pickup truck growth in FY24, monsoon, interest rates key to growth of segment
M&M remains confident of pickup truck growth in FY24, monsoon, interest rates key to growth of segment Reinforcing its leadership position, Mahindra & Mahindra, which launched its new-gen Bolero Pick up on Tuesday, believes that the upcoming monsoon season and the much-needed reversal of high-interest rates will be key to the pick-up segment achieving its… Continue reading M&M remains confident of pickup truck growth in FY24, monsoon, interest rates key to growth of segment