Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. The Tesla plant was opened and put into operation on March 22, 2022. Patrick Pleuil | Picture Alliance | Getty Images Tesla shares closed down 6% on Monday after the company’s quarterly deliveries report led some… Continue reading Tesla shares drop after deliveries report raises investor concern that more price cuts are coming
Category: US Motoring Press
General Motors’ U.S. sales jump 18% in the first quarter
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership on January 05, 2023 in Austin, Texas. Brandon Bell | Getty Images General Motors said Monday that its first-quarter U.S. sales rose 18% from a year ago, to just over 600,000 vehicles delivered, as it continued its rebound from… Continue reading General Motors’ U.S. sales jump 18% in the first quarter
Rivian says it remains on track to build 50,000 EVs in 2023
The Rivian name is shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022. Mike Blake | Reuters Electric vehicle maker Rivian Automotive said Monday that its first-quarter deliveries were in line with expectations and that it remains on track to produce 50,000 EVs in 2023. Rivian said in… Continue reading Rivian says it remains on track to build 50,000 EVs in 2023
Chinese EV brand Li Auto sees first-quarter deliveries surge by 66%
Chinese electric car startup Li Auto saw deliveries surge by nearly 66% in the first quarter from a year ago. Zhang Peng | Lightrocket | Getty Images BEIJING — Chinese electric car brand Li Auto delivered more cars in March than Xpeng did in the first quarter, according to company releases. Li Auto delivered 20,823… Continue reading Chinese EV brand Li Auto sees first-quarter deliveries surge by 66%
Stellantis sales drop 9% in first quarter
U.S. sales of the maker of Chrysler, Dodge, Jeep and Ram vehicles dropped 9% in the first quarter year-over-year, as negative market conditions hit deliveries. Stellantis NV sold 368,327 vehicles in the first three months of the year compared to 405,221 a year ago. Only Chrysler and Dodge, the two brands promoting the final model… Continue reading Stellantis sales drop 9% in first quarter
Paris just voted to ban rental e-scooters. Other cities could be next
Paris – Residents here voted to ban e-scooters for hire, making the French capital the first major European city to U-turn on the two-wheelers. Many are seeing this as a litmus test for how the micromobility industry would fare in the face of government efforts around the world to restrict it. The results of Sunday’s… Continue reading Paris just voted to ban rental e-scooters. Other cities could be next
GM sales up 17.6% in Q1 as EVs hit new milestone
General Motors Co. reported a year-over-year 17.6% sales increase in the first quarter, despite rising interest rates, continued inflation and growing economic uncertainty. GM’s U.S. dealers sold 603,208 new vehicles in the first three months of 2023 compared to 512,846 a year ago, boosted by greater access to inventory. For the first time, it sold… Continue reading GM sales up 17.6% in Q1 as EVs hit new milestone
GM’s BrightDrop ships first 500 electric delivery vans out of Ontario plant
BrightDrop, the General Motors Co. startup focused on offering electric delivery options, has shipped the first 500 electric delivery vans out of CAMI Assembly in Ontario, Canada that opened three months ago, the company said Monday. BrightDrop’s 2023 Zevo 600 is sold out but the company hasn’t provided a volume breakdown of units per model year. BrightDrop… Continue reading GM’s BrightDrop ships first 500 electric delivery vans out of Ontario plant
Cummins announces investments of more than US$1 billion across U.S. manufacturing network
Cummins announces investments of more than US$1 billion across U.S. manufacturing network US conglomerate Cummins is investing over US$1 billion across it’s engine manufacturing network in Indiana, North Carolina and New York. This coincides with President Biden’s visit to Cummins in Fridley, Minnesota, as part of his Investing in America tour. “I am delighted that… Continue reading Cummins announces investments of more than US$1 billion across U.S. manufacturing network
Cummins announces investments of more than US$1 billion across U.S. manufacturing network
Cummins announces investments of more than US$1 billion across U.S. manufacturing network US conglomerate Cummins is investing over US$1 billion across it’s engine manufacturing network in Indiana, North Carolina and New York. This coincides with President Biden’s visit to Cummins in Fridley, Minnesota, as part of his Investing in America tour. “I am delighted that… Continue reading Cummins announces investments of more than US$1 billion across U.S. manufacturing network