Autos
GM warns of manufacturing issues in second quarter but stands by 2022 forecast
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT – General Motors on Friday warned investors that supply chain issues would materially impact its second quarter earnings, while maintaining […]
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UK-based startup Tevva launches hydrogen-electric truck with 310-mile range
U.K.-based startup Tevva on Thursday launched a hydrogen-electric heavy goods vehicle, becoming the latest company to make a play in a sector attracting interest from multinationals like Daimler Truck and Volvo. According to Tevva, which says it has raised $140 million in funding, its vehicle will have a range of as much as 310 miles, […]
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Elon Musk is smart — but he doesn’t understand ESG, tech CEO says
In May, electric-vehicle maker Tesla was removed from the S&P 500’s ESG Index. In response, CEO Elon Musk tweeted that ESG was “a scam” that had been “been weaponized by phony social justice warriors.” Jim Watson | AFP | Getty Images Tesla chief Elon Musk may have misunderstood the meaning behind ESG (environmental, social, and […]
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General Motors calls off plan to sell India car plant to China’s Great Wall
A photo of workers in a car factory in India. General Motors (GM) said on Friday it had called off the sale of a shuttered Indian plant to China’s Great Wall Motor after they failed to obtain regulatory approvals, amid a tougher stance by New Delhi towards investments from Beijing. Amit Pasricha | IndiaPictures | […]
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GM, Ford rising, Tesla falling in EV ‘car wars’ in U.S., Bank of America analyst says
DETROIT – It’s the beginning of the end for Tesla’s dominance of the U.S. electric vehicle industry, according to Bank of America Securities. As startups and legacy automakers introduce a significant number of new electric vehicles, Tesla’s domestic share of the EV market is expected to decrease from 70% or more in recent years to […]
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Nissan recalls more than 300,000 SUVs in U.S. for sudden hood opening
A Nissan badge is attached to the grill of a 2013 Nissan Pathfinder on December 3, 2012 in Niles, Illinois. Nissan Motor Co is recalling more than 300,000 SUVs in the United States over an issue in which the hood suddenly opens, obstructing the driver’s view and increasing the risk of a crash. Scott Olson […]
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Tesla is cutting about 200 Autopilot jobs and closing office in San Mateo, California
Elon Musk talks at the Automotive World News Congress at the Renaissance Center in Detroit, Michigan. Rebecca Cook | Reuters Tesla is closing its office in San Mateo, California, and eliminating an estimated 200 jobs there, CNBC has confirmed, as part of a broader cost-cutting effort at the electric vehicle company. At the San Mateo […]
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New car quality declined sharply this year with supply chain problems, says J.D. Power
Billboards at the Ziegler Cadillac, Buick and GMC Dealership in Lincolnwood, Illinois, the United States. U.S. General Motors Co. Joel Lerner | Xinhua News Agency | Getty Images New vehicle quality declined by 11% this year amid parts shortages, shipping snarls and global trade disruptions, according to J.D. Power’s 2022 Initial Quality Study. Buick, Dodge […]
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Tencent wants to be foreign automakers’ go-to company for tech in China’s electric car market
BMW’s iX electric SUV in China was the first global car brand to include the automobile version of Tencent’s WeChat messaging app, according to the Chinese tech company. Tencent BEIJING — Chinese internet giant Tencent wants to sell technology which the company says will help foreign automakers that want to sell cars in China’s massive electric vehicle market. BMW and some […]
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Tech leaders react to Roe v. Wade reversal
Salesforce CEO Marc Benioff, Microsoft co-founder Bill Gates, and departing Meta COO Sheryl Sandberg were among noteworthy tech executives speaking out publicly on Friday’s Supreme Court ruling which overturned Roe v. Wade. The ruling ends constitutional right to abortion in the U.S., which has stood since 1973. Apple CEO Tim Cook, Tesla and SpaceX CEO Elon […]
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