Lucid Group to build first factory outside the U.S. in Saudi...

Lucid Group to construct first manufacturing facility outdoors the U.S. in Saudi…

U.S. electrical car maker Lucid Group will arrange its first abroad manufacturing facility in Saudi Arabia, the corporate introduced. Javier Blas | Bloomberg | Getty Pictures U.S. electrical car maker Lucid Group will arrange its first abroad manufacturing facility in Saudi Arabia, the company has announced. The manufacturing facility will be capable to produce 155,000 […]

Why Tesla was kicked out of the S&P 500's ESG index

Why Tesla was kicked out of the S&P 500’s ESG index

An aerial view of the Tesla Fremont Manufacturing facility on Might 13, 2020 in Fremont, California. Justin Sullivan | Getty Photographs The S&P 500 booted electrical car maker Tesla from its ESG Index in an annual rebalancing. In the meantime, Apple, Microsoft, Amazon and even oil and fuel multinational Exxon Mobil had been included on […]

EV battery costs set to spike as raw material shortages drags on

EV battery prices set to spike as uncooked materials shortages drags on

Attendees have a look at the all-electric Ford F-150 Lightning pickup truck on the Washington Auto Present in Washington on Tuesday, January 25, 2022. Invoice Clark | CQ-Roll Name, Inc. | Getty Photographs The fee to provide electrical autos is primed to surge over the subsequent 4 years, in line with a brand new report, […]

Toyota ramps up efforts to look at potential of hydrogen vehicles

Toyota ramps up efforts to take a look at potential of hydrogen autos

Considered one of Toyota’s Sora busess photographed in Japan on Nov. 5, 2021. Toyota began engaged on the event of fuel-cell autos again in 1992. Korekore | Istock Editorial | Getty Photographs Toyota Motor Europe, CaetanoBus and Air Liquide have signed an settlement associated to the event of hydrogen-based transport choices, because the race to […]

U.S. traffic deaths hit 16-year high in 2021, DOT says

U.S. site visitors deaths hit 16-year excessive in 2021, DOT says

Investigators look over the scene of a crash between an SUV and a semi-truck stuffed with gravel close to Holtville, California on March 2, 2021. Patrick T. Fallon | AFP | Getty Pictures Extra individuals died on U.S. roadways final 12 months than any 12 months since 2005, in keeping with new data launched Tuesday […]

Argo AI robotaxis ditch human safety drivers in Miami and Austin

Argo AI robotaxis ditch human security drivers in Miami and Austin

Argo AI begins driverless operations in Miami and Austin. Courtesy: Argo AI Robotaxi startup Argo AI mentioned Tuesday it has begun working its autonomous check autos with out human security drivers in two U.S. cities — Miami and Austin — a serious milestone for the Ford- and Volkswagen-backed firm. For now, these driverless autos will […]

Rivian lawsuit warns Amazon vans could be delayed, report says

Rivian lawsuit warns Amazon vans could possibly be delayed, report says

Manufacturing of electrical Amazon supply vans on April 11, 2022 at Rivian’s plant in Regular, In poor health. Michael Wayland / CNBC Shares of Rivian Automotive sank Monday after a report by the Wall Street Journal that the upstart electric-vehicle maker is suing a key provider in a authorized battle that might delay vans ordered […]

How Carvana went from a Wall Street top pick to meme stock...

How Carvana went from a Wall Avenue high decide to meme inventory…

Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III recurrently tells Wall Avenue that “the march continues” within the firm’s mission to develop into the biggest and most worthwhile used automobile retailer on the earth. Its inventory worth has marched this 12 months as nicely, simply within the unsuitable course for […]

Switzerland’s Central Bank Loaded Up on Apple, AMC, Tesla, and Rivian Stock

Switzerland’s Central Financial institution Loaded Up on Apple, AMC, Tesla, and Rivian Inventory

Textual content measurement Apple inventory is holding up higher than the broader market. Gabby Jones/Bloomberg The central financial institution of Switzerland elevated positions in a few of its largest U.S.-traded fairness investments within the first quarter. The Swiss Nationwide Financial institution purchased inventory of iPhone maker Apple (ticker: AAPL), movie-theater chain AMC Leisure Holdings (AMC), […]

After the 'hippie' bus and Beetle, VW makes eyes at America once...

After the ‘hippie’ bus and Beetle, VW makes eyes at America as soon as…

As Volkswagen seems to resurrect the Scout model in the USA, CEO Herbert Diess has make clear the choice, saying it represents a possibility for the German auto large to “turn out to be way more American.”  VW introduced plans to re-launch the Scout as a fully-electric pick-up and “rugged” SUV final Wednesday, with prototypes […]

Rivian recalls some R1T trucks over child airbag defect

Rivian recollects some R1T vehicles over youngster airbag defect

Rivian R1T Subject pickup Supply: Rivian Rivian Automotive is recalling a few of its electrical pickups due to an airbag defect that would injure a baby in a crash, in keeping with a letter from the Nationwide Freeway Visitors Security Administration dated Wednesday. A complete of 502 R1Ts are affected, about 10% of Rivian’s complete […]

Electric vehicle stocks surge

Electrical car shares surge

Rivian R1T all-electric truck in Occasions Sq. on itemizing day, on Wednesday, Nov. 10, 2021 in New York. Ann-Sophie Fjello-Jensen | AP Overwhelmed-up shares of a number of electric-vehicle start-ups moved sharply larger Thursday morning in wild and largely unexplained buying and selling. Rivian Automotive after market shut on Wednesday reported a first-quarter loss that […]

GM shares hit new 52-week low following Wells Fargo downgrade

GM shares hit new 52-week low following Wells Fargo downgrade

Mary Barra, Chair and CEO of the Common Motors Firm (GM), speaks throughout the Milken Institute World Convention in Beverly Hills, California, on Might 2, 2022. Patrick T. Fallon | AFP | Getty Photographs DETROIT — Shares of Common Motors on Thursday hit a brand new 52-week low and opened at their lowest value since […]

Tesla CEO Elon Musk dismisses hydrogen as tool for energy storage

Tesla CEO Elon Musk dismisses hydrogen as instrument for vitality storage

Elon Musk has a historical past of expressing robust opinions about hydrogen and hydrogen gas cells. A couple of years in the past, when the topic got here up throughout a dialogue with reporters on the Automotive Information World Congress, the electrical car magnate described hydrogen gas cells as “extraordinarily foolish.” Jim Watson | AFP […]

Lordstown Motors factory sale to Foxconn closes

Lordstown Motors manufacturing unit sale to Foxconn closes

Employees set up door hinges to the physique shell of a prototype Endurance electrical pickup truck on June 21, 2021 at Lordstown Motors’ meeting plant in Ohio. Michael Wayland / CNBC Embattled electrical car start-up Lordstown Motors mentioned Wednesday it has closed a $230 million deal to promote its Ohio manufacturing unit to Taiwanese contract […]

How electric pickups stack up in price, range

How electrical pickups stack up in worth, vary

SAN ANTONIO — Ford Motor’s new F-150 Lightning is an electrical pickup truck. Which will appear apparent given it appears like a truck and has electrical motors and a battery pack as a substitute of an engine, but it surely must be mentioned. Why? As a result of a profitable battery-powered pickup is a vital […]

Rivian (RIVN) Q1 2022 earnings

Rivian (RIVN) Q1 2022 earnings

Manufacturing of electrical Rivian R1T pickup vehicles on April 11, 2022 on the firm’s plant in Regular, Unwell. Michael Wayland / CNBC Electrical car maker Rivian Automotive on Wednesday maintained its 2022 manufacturing goal, saying it nonetheless expects to construct simply 25,000 automobiles this yr, because it reported a first-quarter loss that was barely narrower […]

GM's new Cadillac Escalade is the most expensive, powerful yet at...

GM’s new Cadillac Escalade is the costliest, highly effective but at…

2023 Cadillac Escalade V-Collection Cadillac DETROIT — Common Motors’ latest Cadillac Escalade would be the strongest and costly model of the full-size SUV ever when it goes on sale this summer season, beginning at about $150,000. The Detroit automaker unveiled the 2023 Cadillac Escalade-V on Wednesday with a supercharged 6.2-liter V-8 engine that delivers 682 […]