Autos
Tesla extends Shanghai plant suspension amid lockdown, internal notice says
A truck transports new Tesla cars at its factory in Shanghai, China May 13, 2021. Aly Song | Reuters Tesla has cancelled plans to resume production at its Shanghai factory on Friday and Saturday, an internal notice seen by Reuters showed, further delaying reopening of the manufacturing hub for its Model 3 and Model Y cars. […]
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With few new cars on lots, U.S. auto sales likely fell sharply in the first quarter, analysts say
New Jeeps are displayed at a car dealership on October 05, 2021 in New York City. Spencer Platt | Getty Images Automakers will likely report sharp sales declines for March and the first quarter, industry analysts say, as an ongoing shortage of new vehicles has left car-shoppers with few – and often expensive – choices. […]
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Weeks after surprising shuffle, new TuSimple CEO pledges to be an ‘evangelist’ for autonomous driving
Xiaodi Hou, Co-founder & CTO, TuSimple, on Centre Stage during day two of Web Summit 2019 at the Altice Arena in Lisbon, Portugal. Vaughn Ridley | Sportsfile | Getty Images Xiaodi Hou co-founded autonomous-driving startup TuSimple a few years ago, but he just took over as CEO and chairman of the board March 3. Why? […]
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‘A ghost is driving the car’ — my peaceful and productive experience in a Waymo self-driving van
PHOENIX — “A ghost is driving the car.” That’s what my 5-year-old daughter said as I FaceTimed her recently from the backseat of a Waymo autonomous vehicle in the suburbs here. Motorists and pedestrians who passed by had a similar reaction. They pointed, stared and even gasped when they noticed there was no one in […]
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Vietnam’s Vinfast to build $2 billion electric vehicle factory in North Carolina
A VinFast electric vehicle is displayed at the VinFast booth at the Las Vegas Convention Center on January 5, 2022. Vietnam’s automaker VinFast said on Tuesday it has signed a preliminary deal to initially invest $2 billion to build a factory in North Carolina to make electric buses, sport utility vehicles (SUVs) along with batteries […]
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Tesla should accept that it violated labor laws if Elon Musk is serious about inviting the UAW to organize workers, union chief Ray Curry says
Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters If Tesla CEO Elon Musk is serious about welcoming organizing efforts of the company’s U.S. workforce, the automaker should rehire a fired […]
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Sen. Elizabeth Warren says billionaires should pay more taxes to help the ‘next Elon Musk’
Elon Musk and fellow billionaires should pay it forward in taxes to support the next generation of entrepreneurs who can make a difference, Sen. Elizabeth Warren, D-Mass., told CNBC on Tuesday. “I’m happy to celebrate success, but let’s remember, Elon Musk didn’t make it on his own. He got huge investments from the government, from […]
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GM looks to increase electric Hummer production as reservations top 65,000, exceeding expectations
GMC Hummer EV pickup truck Michael Wayland / CNBC PHOENIX – General Motors has received more than 65,000 reservations for its electric GMC Hummer pickups and SUVs, as the automaker attempts to expedite production of the vehicles to meet demand. The reservations number is higher than the automaker’s initial expectations, according to Duncan Aldred, global […]
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Wall Street banks pick their top semiconductor stocks as electric vehicle production soars
The auto sector is undergoing a major transformation, according to Bank of America and Cohen. Here are their top stock picks to cash in. Source
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Chinese EV maker Nio delivers its first ET7 electric sedans
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Nio confirmed Monday it has begun deliveries of its new luxury sedan, the ET7, on schedule, sending U.S.-traded shares of the Chinese electric vehicle maker sharply higher. Nio’s shares closed at $21.21 on Monday, up 6.5% for the […]
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