More than four years after he said he had secured the funding to take Tesla off the stock market, Elon Musk will try to defend that statement in a trial that began on Tuesday in a federal court in San Francisco. The case is brought by investors who claim Mr. Musk, the electric automaker’s chief… Continue reading Elon Musk Goes to Trial Over His 2018 Plan to Take Tesla Private
Category: US Motoring Press
Tesla Cuts Prices Sharply as It Moves to Bolster Demand
New competitors are on the way, too. This year, General Motors is supposed to start making electric versions of its Chevrolet Silverado pickup and Chevrolet Blazer and Equinox sport utility vehicles. Tesla has also had trouble in China, its largest market, where a local manufacturer, BYD, is now the No. 1 electric vehicle brand. Tesla… Continue reading Tesla Cuts Prices Sharply as It Moves to Bolster Demand
Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
But it has not been enough for Ishtiaq Ahmed, 42, who works for Uber and Lyft and lives with his wife and four children in Brooklyn. Mr. Ahmed said that, more than a decade ago, he used to earn $700 to $800 a day with the app services. Now, he is lucky to make $140.… Continue reading Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
Ford’s latest EV blunder increases the odds we’ll drop the stock, if there’s no progress this quarter
Ford CEO Jim Farley pats a Ford F-150 Lightning truck before announcing at a press conference that Ford Motor Company will be partnering with the world’s largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Bill Pugliano |… Continue reading Ford’s latest EV blunder increases the odds we’ll drop the stock, if there’s no progress this quarter
Ford halts production and shipments of its electric F-150 Lightning due to potential battery issue
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – Ford Motor has paused production and shipments of its electric F-150 Lightning pickup due to a potential battery issue, the company said Tuesday. Ford spokeswoman Emma Bergg declined… Continue reading Ford halts production and shipments of its electric F-150 Lightning due to potential battery issue
Tesla board member says Musk doesn’t mind bankruptcy if a rival builds a better car: ‘That’s his philosophy’
watch now Elon Musk remarked that he wouldn’t mind Tesla going bankrupt if it means a rival company builds a better car, according to a member of the firm’s board. “I disagree whenever Elon says I don’t mind Tesla getting into bankruptcy if somebody else comes up with a better car,” Hiromichi Mizuno, former chief… Continue reading Tesla board member says Musk doesn’t mind bankruptcy if a rival builds a better car: ‘That’s his philosophy’
Ford to cut 3,800 jobs in Europe in shift to electric vehicle production
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC Automaker Ford on Tuesday said it intends to cut 3,800 jobs in Europe over the next three years to adopt a “leaner” structure as it focuses on electric vehicle production. The company plans to slash 2,300 jobs in production development and… Continue reading Ford to cut 3,800 jobs in Europe in shift to electric vehicle production
CNBC Daily Open: U.S. markets rose, but might be surprised by January’s consumer price index
Michael H | Digitalvision | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. U.S. markets rose, expecting inflation to moderate further. They… Continue reading CNBC Daily Open: U.S. markets rose, but might be surprised by January’s consumer price index
Ford halts production of F-150 plug-in pickup over battery problem
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. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Ford halts production of F-150 plug-in pickup over battery problem
Nissan recall: Air bag can knock steering wheel emblem loose
Detroit – Nissan is recalling more than 463,000 older vehicles because the emblem on the steering wheel can come loose when the air bag is deployed and injure drivers. The recall mainly in North America covers certain Frontier small pickups, Titan large pickups and Xterra, Pathfinder and Armada SUVs from 2008 through 2011. Also included… Continue reading Nissan recall: Air bag can knock steering wheel emblem loose