Elon Musk appeared to be in a defiant mood Wednesday when he stood before employees at Tesla’s factory near Berlin a week after an arsonist set fire to a high-voltage power pylon and brought production to a standstill. “They can’t stop us,” Musk, the company’s CEO, told workers in a giant tent beside the plant. … Read more
Good morning! It’s Thursday, February 29, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 2024 Polestar 2: Your Questions, Answered 1st Gear: Biden Weary Of Chinese Cars U.S. officials are going to … Read more
Good morning! It’s Friday, February 23, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Why Is Carvana Stock Suddenly Thriving? 1st Gear: Stellantis CEO Carlos Tavares Made $39.5M in 2023 I don’t … Read more
Lucid is dropping the price on its flagship and sole vehicle (for now), the Air sedan, because demand just isn’t where the nascent automaker needs it to be. Three trims of the Air — the Pure, Touring and Grand Touring — will all see varying degrees of price cuts. Tesla’s Cybertruck Has Finally Arrived The base model … Read more
US electric automaker Tesla could soon set up shop in India, with the government close to finalising a policy to extend concessional import duties on electric cars exceeding Rs 30 lakh (about $36,000) for 2-3 years. The reduced import duties are likely to be offered in lieu of bank guarantees by Tesla for a proposed … Read more
Photo: Ford Motor Company Ford still has high ambitions for its electric vehicle projects despite slashing battery production amid slowing EV sales last year. Ford’s Tesla-envying CEO Jim Farley stated during an earnings call yesterday that a new low-cost EV platform was in the works, aiming to compete directly with the Elon Musk-led automaker in … Read more
DETROIT: Ford Motor shares jumped on Tuesday after the automaker said it will return more cash to shareholders, starting with an extra 18 cents-per-share dividend in the first quarter, joining General Motors in giving investors more of the cash spinning from North American combustion trucks. Ford forecast $10 billion to $12 billion in pretax profit … Read more
Photo: SAIC-GM-Wuling The good EVs haven’t made it to America yet and it’s likely that they won’t. The best ones seem to be available mostly overseas where people have many more affordable options, like those in this collection of EVs we can’t buy in the U.S. By now, you’ll have seen reports that EV sales … Read more
2024 Chevrolet Blazer EV SSImage: Chevrolet 75,883 total sales GM has kept its EV sales numbers close to its chest the last few years; the company has had trouble ramping up EV production. Things may have changed though as the company says it sold 75,883 EVs in 2023, up 93 percent from 2022. Looking at … Read more
Honda is getting serious about electric vehicles. The automaker, which has been a bit behind the curve when it comes to EVs, has unveiled a pair of electric concepts as part of their new Honda 0 series called the Saloon and Space-Hub at the Consumer Electronics Show in Las Vegas. The 2024 Honda Prologue Is … Read more
