watch now Apple and Tesla are facing major headwinds in China which is contributing to investor jitters around the two U.S. technology giants. Tesla shares tanked 12% on Tuesday after the electric car maker reported deliveries that fell short of analyst expectations, while Apple dropped more than 3% as concerns resurfaced about demand for the… Continue reading China risks loom over U.S. tech giants Tesla and Apple as share prices plunge
Category: US Motoring Press
Automakers rev up six-figure rides, but the economy may slow their roll
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Stellantis reports 13% sales decline in 2022
Stellantis NV, maker of Ram trucks and Jeeps, reported a 13% sales decline in 2022 after a year of continuing supply chain issues and slowing demand amid rising interest rates. Stellantis’ U.S. dealers sold 1.5 million new vehicles last year, down from about 1.8 million sold in 2021. In the fourth quarter, Stellantis’ sales dropped… Continue reading Stellantis reports 13% sales decline in 2022
Stellantis to build Archer’s Midnight electric aircraft in Georgia
Las Vegas — If Jeep SUV and Ram pickup truck owners think their vehicles are fly, wait until they see the latest vehicle the automaker has announced it’ll build. Expanding its partnership with California-based startup Archer Aviation Inc., Stellantis NV said on Wednesday it’ll manufacture Archer’s Midnight, an electric vertical take off and landing, or… Continue reading Stellantis to build Archer’s Midnight electric aircraft in Georgia
GM reports sales increase in 2022, reclaims top automaker title from Toyota
General Motors Co. reported a 2022 year-over-year 2.5% sales increase despite supply struggles mixed with slowing demand toward the end of the year as interest rates continued to increase. GM’s U.S. dealers sold 2,274,088 new vehicles last year, up from the 2,218,228 sold in 2021. GM reclaimed its throne from Toyota Motor Corp. as the… Continue reading GM reports sales increase in 2022, reclaims top automaker title from Toyota
Tesla’s share turnover beats big tech peers in New Year selloff
More than $25 billion worth of Tesla Inc. shares changed hands on the first day of New Year trading as the EV maker’s stock continued its downward slide. Equity trading volume for the firm piloted by Elon Musk was the highest among all members in the S&P 500 Index and almost as much as the… Continue reading Tesla’s share turnover beats big tech peers in New Year selloff
Fastest accelerating cars in the world 2023
The primal rush of pure acceleration never gets old, and manufacturers are continuing to chip away at 0-62mph times to bring us even faster, brain-scrambling supercars. It’s not uncommon for today’s models to dip under 3-seconds in the sprint to 62mph, although for the new generation of electric performance cars, sub-2 second times are within… Continue reading Fastest accelerating cars in the world 2023
Qualcomm previews next-gen in-car tech with radical concept
American electronics giant Qualcomm has built a concept to show car makers the potential of its next-generation technology, including a digital ecosystem, state-of-the-art voice control and high-end artificial intelligence (AI). Revealed at CES in Las Vegas, the unnamed concept has been designed to present the firm’s new Snapdragon Digital Chassis technology, which powers a “highly personalised and… Continue reading Qualcomm previews next-gen in-car tech with radical concept
Big European names show motoring future at CES 2023
When the Consumer Electronics Show (CES) opens tomorrow, it can make the surprising claim to being Europe’s most influential motor show of 2023, despite being held in a desert thousands of miles away. Audi, BMW, Mercedes-Benz, Peugeot, Volkswagen and Volvo will show off new cars, concepts or technologies at the event, while some of Europe’s most influential suppliers, such as… Continue reading Big European names show motoring future at CES 2023
Maserati looks to slower charging for lighter sports EVs
Maserati is investigating removing fast-charging technology from its electric sports cars in order to save weight, even if it means charging the cars takes substantially longer. Speaking exclusively to Autocar, Maserati’s global head of e-mobility, Ana Paola Reginatto, highlighted the contradiction of cars spending 60-70% of their time stationary on average and the desire to… Continue reading Maserati looks to slower charging for lighter sports EVs