Autos
Texas halts truck inspections that caused border gridlock
Greg Abbott, governor of Texas, speaks during a Get Out The Vote campaign event in Beaumont, Texas, U.S., on Thursday, Feb. 17, 2022. Mark Felix | Bloomberg | Getty Images Texas Gov. Greg Abbott on Friday repealed his traffic-clogging immigration order that backed up commercial trucks at the U.S.-Mexico border, after a week of intensifying […]
Read More
China’s lockdowns are a greater threat to inflation today than in 2020, Bernstein says
China’s automobile and component exports more than doubled in 2021 from a year ago, exceeding 30% growth in China’s exports overall, Bernstein analysts found. Yi Fan | Visual China Group | Getty Images BEIJING — China’s latest Covid lockdowns are a greater risk for global inflation today than they were in 2020, Bernstein analysts said. […]
Read More
Twitter can’t afford to reject Elon Musk’s takeover offer if it’s serious, Wall Street analysts say
Elon Musk offered to buy Twitter and take it private, sending shares higher on Thursday morning. Here’s what Wall Street analysts think of the proposed deal. Source
Read More
Chinese EV maker Nio says it’s gradually resuming production after Covid halt
In February 2020, Nio got a lifeline of financing support led by the government of Hefei city, where the electric car start-up has established its China headquarters. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car company Nio said Thursday it is gradually resuming production at a facility several hours’ drive west […]
Read More
Lamborghini customers are now waiting more than 12 months for a car, CEO says
The wait time for a new Lamborghini SUV or super-car is now over 12 months, as demand from wealthy car lovers shows little sign of slowing, the automaker’s chief executive told CNBC on Wednesday. Despite volatile stock markets and growing economic uncertainty, demand for Lamborghini’s is “as high as ever,” said Stephan Winkelmann, Lamborghini’s CEO. […]
Read More
Kia unveils redesigned Niro EV and updated Telluride SUV
Kia on Wednesday unveiled its new lineup of Niro hybrid and EV crossovers as well as updates to its extremely popular Telluride SUV. Both nameplates are important to the automaker in different ways. The Telluride has been a surprise sales success for the company, while the new Niro models come as consumers are being squeezed […]
Read More
JPMorgan downgrades CarMax, saying ‘sticker shock’ will continue to hurt sales
Skyrocketing vehicle prices have hard-hit consumers and the situation will only get worse in the near term for car retailers like CarMax. Source
Read More
As Goldman raises its electric vehicle forecast, analysts pick their top stocks to cash in
Goldman Sachs, Bank of America and more have picked their favorite electric vehicle-related stocks. Source
Read More
Japanese car giant Honda targets EV expansion, earmarks billions for R&D
With several major economies looking to cut the number of diesel and gasoline vehicles on their roads, Honda and other carmakers are attempting to develop electrification strategies that will allow them to remain competitive going forward. Aimur Kytt | Istock Editorial | Getty Images Honda plans to invest around 5 trillion yen ($39.9 billion) in […]
Read More
EV maker Lucid debuts its latest Tesla rival, a high-performance luxury sedan with a 446-mile range
With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Electric-vehicle maker Lucid is debuting a new edition of its popular and powerful Air luxury sedan. The Lucid Air Grand Touring Performance, announced Tuesday, will ship with 1,050 horsepower and a starting price tag […]
Read More