Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal. Go to Source
Category: US Motoring Press
Volkswagen May Close German Plants for First Time in Its History
The auto maker’s top employee representative told workers that management planned to shutter three German factories to cut costs amid slumping sales. Go to Source
Tesla’s Shares Surge 20% After Strong Earnings and Outlook
The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models. Go to Source
In Mexico City, F1 Teams Must Cope With the Altitude
The thinner air affects the cars in many ways, including the performance of the turbo engines, brakes and tires. “It’s like driving in the wet,” the driver Lance Stroll of Aston Martin said. Go to Source
Tesla Self-Driving System Will Be Investigated by Safety Agency
The National Highway Traffic Safety Administration said it was looking into what Elon Musk’s electric car company called the full self-driving system. Go to Source
‘Blade Runner 2049’ Producers Sue Elon Musk Over ‘Robotaxi’ Imagery
Alcon Entertainment, the Hollywood company behind “Blade Runner 2049,” said it had denied a request to use images from the movie but that Mr. Musk did so anyway. Go to Source
Why GM’s Mary Barra Still Believes in EVs, Despite Slow Sales
Mary Barra, G.M.’s chief executive, said that the company had fixed battery-manufacturing problems and that its electric vehicles would soon be profitable. Go to Source
A Formula 1 Race in Texas, but Where Are the American Drivers?
Formula 1 is mostly a European sport, and contenders must climb the racing ladder through events there. That is difficult for Americans. Go to Source
Rivian lowers earnings guidance after missing Wall Street’s third-quarter expectations
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Rivian Automotive lowered its earnings forecast for the year after missing Wall Street’s third-quarter expectations, including a significant miss in revenue. Here’s how the company performed in the quarter, compared with… Continue reading Rivian lowers earnings guidance after missing Wall Street’s third-quarter expectations
Lucid slightly tops Wall Street’s third-quarter expectations amid widening losses
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Lucid Group slightly beat Wall Street’s third-quarter expectations as the electric carmaker cuts costs ahead of plans to begin consumer production of a new SUV by the end of… Continue reading Lucid slightly tops Wall Street’s third-quarter expectations amid widening losses