Elon Musk speaks at Tesla’s 2023 investor day on March 1. Screenshot Electric vehicle maker Tesla laid out its long-term vision at a 2023 Investor Day presentation in Austin, Texas, on Wednesday. CEO Elon Musk took the stage to share his “Master Plan 3,” and to discuss how Tesla plans to scale up in the… Continue reading Elon Musk is set to reveal ‘Master Plan Part 3’ at Tesla Investor Day after the bell
Category: US Motoring Press
Aston Martin shares surge 14% on profitability forecast for 2023
The exterior of an Aston Martin store. Jeremy Moeller | Getty Images News | Getty Images LONDON — British luxury carmaker Aston Martin Lagonda forecasts better profitability this year, after widening its 2022 pretax losses on the back of a weakening U.K. currency. The company more than doubled year-on-year pretax losses to £495 million ($598… Continue reading Aston Martin shares surge 14% on profitability forecast for 2023
General Motors cuts 500 salaried employees
Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors is cutting hundreds of salaried positions as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits. The cuts affect about 500 positions, according to a person familiar with the plans, which were… Continue reading General Motors cuts 500 salaried employees
Chinese cars rise in Russia after fury drove Western brands out
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 Chinese cars rise in Russia after fury drove Western brands out
EPA sets in motion gasoline policy shift to bolster ethanol
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 EPA sets in motion gasoline policy shift to bolster ethanol
Car debt piles up as more Americans owe thousands more than vehicles are worth
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 Car debt piles up as more Americans owe thousands more than vehicles are worth
State launches program for EV talent attraction
The state is launching a campaign to recruit for careers in electric vehicle development with scholarships for Michigan students interested in the technology, higher education and economic development representatives and Michigan Lt. Gov. Garlin Gilchrist announced Wednesday. The Michigan Economic Development Corp.’s Talent Action Team is leading a new, one-year pilot program with 15 major Michigan employers… Continue reading State launches program for EV talent attraction
Volkswagen charged family $150 to track hijacked SUV and child, officer says
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F1 preview 2023: full Formula One teams and drivers grid guide
The keyword for the 2023 season is stability, with only a few changes to the driver line-ups further down the grid. But there are regulation changes to deal with, too. An extra race bumps the calendar up to 23 rounds, while two events will only have 11 sets of Pirelli tyres available to drivers –… Continue reading F1 preview 2023: full Formula One teams and drivers grid guide
The 6 BIG things to look out for during the 2023 Formula One season
The 2023 Formula One season is almost upon us. Cars have been revealed, drivers have slipped into their race suits, and testing has taken place before the season-opening Bahrain Grand Prix on 5 March. Over the course of 23 races, 20 drivers will fight for title glory, but there are so many fascinating questions heading… Continue reading The 6 BIG things to look out for during the 2023 Formula One season