India’s passenger vehicle growth story has continued its march in February 2023. At 317,905 units, which constitute the wholesale numbers released by eight carmakers (see data table below), the industry has driven past the 300,000-unit mark for the eighth month in the first 11 months of the ongoing fiscal year. The festive month of September… Continue reading Car and SUV sales surpass 300,000 units for eighth time in 11 months of FY2023
Category: US Motoring Press
GM, Ford partner with state and universities to recruit future EV workforce
State leaders are launching what they call the nation’s largest program to attract and train people to work in the electric vehicle and mobility industry, saying by 2030, Michigan will lead the nation in EVs and could offer 300,000 jobs related to the industry. The governor’s office and Michigan Economic Development Corp. (MEDC) unveiled the… Continue reading GM, Ford partner with state and universities to recruit future EV workforce
Ford applies for patent that allows automaker to repossess cars remotely
Ford Motor Co. has applied for a patent on a system designed to try and get people to clear up late car payments that, when all else fails, could lead to cars driving themselves to repo lots. A patent application from Ford Global Technologies was filed with the U.S. Trademark and Patent Office on Aug.… Continue reading Ford applies for patent that allows automaker to repossess cars remotely
Analysts debate whether GM could surpass Tesla as top-selling EV maker in US
This content is only available to subscribers. Get unlimited digital access. $1 for 3 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Access to exclusive sports reporting on your local teams from USA TODAY… Continue reading Analysts debate whether GM could surpass Tesla as top-selling EV maker in US
General Motors Reaches Deal to Ensure Its Chip Supply
General Motors has reached an agreement with a large computer chip maker to help ensure it has a steady supply of semiconductors as it ramps up production of electric vehicles and complex components that require increases in computing power. Under the agreement, the chip maker, GlobalFoundries, agreed to set aside a portion of its manufacturing… Continue reading General Motors Reaches Deal to Ensure Its Chip Supply
Tesla’s Cybertruck Is Coming Soon. Maybe.
More than three years after Elon Musk stunned the auto industry with an electric pickup truck that looked more like a stealth fighter than a way to haul two-by-fours and drywall, Tesla said last month that it would begin building the vehicle by the end of 2023. The announcement has helped fuel a recovery in… Continue reading Tesla’s Cybertruck Is Coming Soon. Maybe.
Do You Work in the Auto Industry? We Want to Hear From You.
Growth in sales of electric vehicles has created thousands of jobs in auto manufacturing, batteries and other new fields, but not without turmoil. There is talk of layoffs at some suppliers and automakers even as other companies expand. I cover the auto industry for The New York Times, and I am planning to write about… Continue reading Do You Work in the Auto Industry? We Want to Hear From You.
Jury Rules for Elon Musk and Tesla in Investor Lawsuit Over Tweets
A jury decided Friday that Elon Musk was not liable for losses suffered by investors after he posted messages on Twitter saying he had secured the funding to take Tesla private in 2018. Investors had sued Mr. Musk, Tesla and the company’s board, arguing that his statements about his embryonic plan to take the electric… Continue reading Jury Rules for Elon Musk and Tesla in Investor Lawsuit Over Tweets
Ford Lost $2 Billion in 2022 as Some Investments Soured
Ford Motor said on Thursday that it lost $2.2 billion in 2022 as it wrote down the value of two big investments and struggled with high costs and supply chain problems. The company wrote down its investments in Rivian, a young electric truck maker, by $7.4 billion and Argo AI, a company developing autonomous vehicles,… Continue reading Ford Lost $2 Billion in 2022 as Some Investments Soured
GM Posts Solid Profit as It Pushes to Take On Tesla in EVs
General Motors on Tuesday reported solid profits for 2022, after overcoming the computer chip shortages and softening demand that has slowed much of the auto industry last year. The company reported $9.9 billion in net income, slightly below the total from the year before, while revenue rose 23 percent to $157 billion. It sold 3.6… Continue reading GM Posts Solid Profit as It Pushes to Take On Tesla in EVs