Autos
Elon Musk denies report that he talked to Putin a short while ago about Ukraine war
NEW YORK, NEW YORK – May well 02: Elon Musk attends The 2022 Satisfied Gala Celebrating “In The usa: An Anthology of Vogue” at The Metropolitan Museum of Art on Could 02, 2022 in New York Metropolis. (Image by Theo Wargo/WireImage) Theo Wargo | Wireimage | Getty Photos SpaceX and Tesla CEO Elon Musk is […]
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Here’s how to avoid buying a flood-damaged car following Hurricane Ian
Vehicles float in the water on Sept. 29 in Bonita Springs, Florida, after Hurricane Ian. Sean Rayford | Getty Images If you’re planning to shop for a used car in the next few months, be sure to check for flood damage before signing on the dotted line. In the wake of widespread flooding across Florida, […]
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Honda’s new $4.4 billion EV battery plant will be built in Ohio
An employee inspects the door of a 2018 Honda Accord vehicle during production at the Honda of America Manufacturing Inc. Marysville Auto Plant in Marysville, Ohio, on Thursday, Dec. 21, 2017. Ty Wright | Bloomberg | Getty Images Honda Motor and LG Energy Solution on Tuesday said a new multibillion-dollar plant to produce batteries for […]
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Auto giant Stellantis looks to Australian materials, including nickel, for its EVs
This image, from July 2021, shows a Citroen e-C4 electric vehicle on display at a showroom in Paris, France. Citroen is a brand of Stellantis, one of the world’s biggest automakers. Benjamin Girette | Bloomberg | Getty Images Stellantis is turning to Australia as it looks to procure the materials needed for its electric vehicle […]
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Here’s why UBS’s downgrade of Ford is misguided — and late
Ford Motor (F) shares plummeted Monday after UBS downgraded the Club holding — a call that strikes us as both belated and short-sighted given the stock’s considerable slide since January. With a dividend yield north of 5%, the Club is sitting tight. In a research note to clients, the bank warned that automakers like Ford […]
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GM and Ford shares fall after UBS downgrades on expectations for weakening demand
The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — Shares of General Motors and Ford Motor each tumbled Monday after a pair of UBS downgrades citing expectations for weakening demand amid inflationary pressures. Ford’s stock was down by roughly 7% in midday trading […]
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How GM plans to convince consumers to make the switch to electric vehicles
Electric Chevrolet Silverado shown at the New York Auto Show, April, 2022. Scott Mlyn | CNBC When people think of electric vehicles, their minds typically jump to Tesla. But Elon Musk’s company now has a lot more EV competition from Detroit. Within the past six years, General Motors CEO Mary Barra has pushed the company […]
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Tesla stock experienced its worst week given that Mar. 2020 in the course of a ‘very powerful 7 days’ for Elon Musk
Michael Gonzalez | Getty Photographs Information | Getty Visuals Tesla shares dropped practically 16% in the course of what CEO Elon Musk termed a “quite rigorous 7 days without a doubt” to one of his 108 million followers on Twitter. Tesla shares closed at $265.25 on Friday, Sept. 30. At market’s close just one week […]
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Enjoy CNBC’s complete job interview with Bank of America Securities’ John Murphy
ShareShare Posting by way of FacebookShare Posting by means of TwitterShare Article via LinkedInShare Posting via E mail John Murphy, a senior auto analyst at Lender of The united states Securities, joins ‘The Exchange’ to discuss provide shortages in new autos owning a ripple impact in the utilized vehicle sector, velocity drivers for used vehicle […]
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Polestar confirms it will deliver 50,000 electric vehicles in 2022
Polestar, the Swedish electric performance car company, has announced that the world premiere of its next car, the Polestar 3 electric performance SUV, will be in October 2022. Polestar 3 is the company’s first SUV. Courtesy: Polestar Swedish electric vehicle maker Polestar said Friday that it is still on track to deliver 50,000 vehicles in […]
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