2022 Mercedes-Benz EQS EV Mercedes-Benz Mercedes-Benz finance chief on Wednesday told CNBC the automaker’s pricing of its cars in China is “well-supported” after U.S. electric vehicle giant Tesla slashed prices. “We definitely see the demand being well but also we see the pricing levels we put into the market being well-supported in the market in… Continue reading Mercedes-Benz says car prices are ‘well-supported’ in China after Tesla cuts prices of its EVs
Category: US Motoring Press
Ford reveals third-quarter net loss, weighed down by supply chain problems and Argo AI investment
2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor recorded a net loss of $827 million during the third quarter, weighed down by supply chain problems and costs related to disbanding its autonomous vehicle unit Argo AI. Still, the automaker was able to narrowly beat Wall Street’s subdued expectations for the period and guided… Continue reading Ford reveals third-quarter net loss, weighed down by supply chain problems and Argo AI investment
Magna gets $10.2M in state grants to expand in Michigan, add 1,500 jobs
The Michigan Strategic Fund board approved Tuesday a total $10.2 million in state program grants for Magna International Inc. as the automotive supplier seeks to expand its footprint in Michigan and create more than 1,500 jobs. Companies under Magna International, Inc. applied for two new Michigan Business Development Program grants for projects in Highland Park… Continue reading Magna gets $10.2M in state grants to expand in Michigan, add 1,500 jobs
Ford, Volkswagen to absorb autonomous vehicle partner Argo AI
Ford Motor Co. and Volkswagen AG will absorb their autonomous vehicle partner, Argo AI, in a move that demonstrates the difficulties of success in the self-driving space, experts say. The move — driven in part by Argo’s inability to attract new investors — will shut down the Pennsylvania-based startup founded by two Michigan natives that… Continue reading Ford, Volkswagen to absorb autonomous vehicle partner Argo AI
Volkswagen will make only electric cars in Europe within next 10 years
This content is only available to subscribers. Get unlimited digital access. $1 for 6 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 Volkswagen will make only electric cars in Europe within next 10 years
Ford sells stake in Russia business, joining carmaker exodus
This content is only available to subscribers. Get unlimited digital access. $1 for 6 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 sells stake in Russia business, joining carmaker exodus
GM: All American sites will be powered with renewables by 2025
General Motors Co. said Wednesday that based on current projections, it will be able to power all of its U.S. sites with renewable energy by 2025 — five years ahead of its previous target of 2030. The automaker announced last September it would push to source all renewables for U.S. sites by 2025 after saying… Continue reading GM: All American sites will be powered with renewables by 2025
Auto major Mercedes-Benz is latest to exit Russian market, sells its stock to a local investor
Auto major Mercedes-Benz is latest to exit Russian market, sells its stock to a local investor Mercedes-Benz has officially announced its exit from the Russian market on Wednesday. News agency Reuters reported that Mercedes-Benz will sell its stake in its industrial and financial services divisions to a local investor. The company’s shares are being sold to vehicle… Continue reading Auto major Mercedes-Benz is latest to exit Russian market, sells its stock to a local investor
How the National Grid will work with electric cars
Battery electric vehicles are no flash in the pan, they’re here to stay. From a whole life perspective and taking everything into account from battery production to end-of-life, recent studies rate battery vehicles as having the least impact on greenhouse gasses, and the environment as a whole, than any other conventional or alternative powertrain type.… Continue reading How the National Grid will work with electric cars
The fastest electric cars
Rimac is something of an old hand in the electric sports car sector: the wild C_Two is the Croatian firm’s second production model. Making its debut in 2018 and with customer deliveries due in 2021, the 1914bhp carbonfibre-bodied machine is said to dispatch 0-60mph in 1.85sec and crack 186mph in a breathless 11.8sec. An electric… Continue reading The fastest electric cars