Electric vehicles
Ford’s U.S. sales start 2023 on strong footing, boosted by F-Series and Bronco
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT — Ford Motor‘s new U.S. vehicle sales started 2023 on a stronger footing than a year earlier but were down 18.4% from December, the company reported Thursday. January is […]
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GM, LG end plans for fourth U.S. battery cell plant as automaker seeks new partner
GM CEO and Chairman Mary Barra and LG Chem Vice Chairman and CEO Hak-Cheol Shin at the automaker’s battery lab in Warren, Mich., where the companies announced a new $2.6-billion joint venture on Dec. 5, 2019. GM DETROIT – General Motors and LG Energy Solution have indefinitely shelved plans to build a fourth battery cell […]
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GM to invest $918 million in new V-8 gas engines and EV components
Line workers work on the chassis of full-size General Motors pickup trucks at the Flint Assembly plant on June 12, 2019 in Flint, Michigan. JEFF KOWALSKY / AFP / Getty Images FLINT, Mich. — General Motors plans to invest nearly $1 billion in four U.S. plants to support production of components for electric vehicles as […]
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Tesla will ‘keep blowing our minds’ despite Elon Musk’s distractions, shareholder Tencent says
A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion. Sheldon Cooper | Sopa Images | Lightrocket | Getty Images Tesla will “keep blowing our minds” with technology even while […]
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Hertz is bringing thousands of EVs and chargers to the city of Denver in a broad new partnership
Hertz is teaming up with the city of Denver — and soon, it hopes, with other cities — to build out its charging infrastructure to support the ongoing transition to electric vehicles. The partnership is a big step toward helping rental car drivers, including those who may be renting an EV for the first time […]
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Guggenheim downgrades Tesla to sell, says fourth-quarter estimates are too optimistic
Guggenheim said Friday that Tesla ‘s fourth-quarter expectations are too high — and its stock could struggle as a result. Analyst Ronald Jewsikow downgraded the stock to sell from neutral over concerns about the electric vehicle maker’s fourth-quarter estimates. He assigned a price target of $89, which presents a 28% downside from Thursday’s close. Jewsikow […]
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Electric powered luxury-automobile maker Lucid produced much more cars in 2022 than predicted
With 1,050 horsepower, the new Grand Touring Overall performance version becomes the most strong edition of Lucid’s electric powered Air sedan. Lucid Motors Electric luxurious automobile maker Lucid Team said it created just about 7,100 automobiles in 2022, a little bit more than expected. The corporation instructed buyers in August to be expecting production of […]
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Rolls-Royce sees history revenue in 2022, no slowdown in spending by the rich
Rolls-Royce offered a history selection of cars in 2022 as demand from customers for its $500,000 vehicles remained sturdy, despite economic downturn fears, according to CEO Torsten Muller-Otvos. “We haven’t seen any slowdown or downturn,” Muller-Otvos told CNBC. “We have not witnessed any damaging effect.” Rolls-Royce sent 6,021 cars and trucks last 12 months, up […]
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India is learning to love electric vehicles — but they’re not cars
Electric vehicle charging stations from Tata Power can be found on 350 of the 600 highways in India. Puneet Vikram Singh, Nature And Concept Photographer, | Moment | Getty Images When most people think about electric vehicles, they think cars. From brands like Tesla and Rivian in the United States, to Nio and XPeng in […]
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Tesla breaks into America’s bestselling cars list for 2022, but trucks still dominate
A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT — Pickup trucks again led America’s top-selling vehicles last year, but Tesla broke into the top 10 for the first […]
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