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Category: News

Tesla double-charged some customers for new cars

Tesla double-charged some customers for new cars

Christopher Lee and his 2021 Tesla Model Y Christopher T. Lee Very last week, just after paying for manufacturer new Tesla electric automobiles, Southern California residents Tom Slattery, Christopher T. Lee and Clark Peterson instructed CNBC they had been gobsmacked to come across the business had …
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British used car dealer Cazoo is going public in the US via SPAC

British used car dealer Cazoo is going public in the US via SPAC

Cazoo founder and CEO Alex Chesterman. Cazoo LONDON — Cazoo introduced Monday that it will go general public by way of a merger with billionaire trader Daniel Och’s unique intent acquisition enterprise. Cazoo, founded just a few decades in the past, is a made use of …
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Elon Musk tweets about Tesla becoming ‘the biggest company’

Elon Musk tweets about Tesla becoming ‘the biggest company’

Tesla CEO Elon Musk tweeted early Friday early morning that “I think there is a >0% likelihood Tesla could be the major company” and included, “most likely within a couple months” in replies to followers. Musk’s second tweet presenting steering on timing for an anticipated raise …
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BorgWarner expects EVs to account for almost 50% of revenue by 2030

BorgWarner expects EVs to account for almost 50% of revenue by 2030

The CEO of vehicle supplier BorgWarner instructed CNBC on Friday the corporation hopes to have approximately 50% of its revenues be tied to electric powered motor vehicles in just the up coming 10 years. Presently, significantly less than 3% of the Michigan-based mostly firm’s revenue are …
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Stellantis closing five North American plants due to chip shortage

Stellantis closing five North American plants due to chip shortage

A United Vehicle Worker member leaves the Fiat Chrysler Cars Warren Truck Plant just after the first function shift on May 18, 2020 in Warren, Michigan. Gregory Shamus | Getty Illustrations or photos A global scarcity of semiconductor chips is forcing Stellantis to temporally shut 5 …
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Chinese EV start-up Nio shuts factory for 5 days due to chip shortage

Chinese EV start-up Nio shuts factory for 5 days due to chip shortage

Personnel make checks at an inspection line throughout a media tour of the Nio Inc. output facility in Hefei, Anhui province, China, on Friday, Dec. 4, 2020. Qilai Shen | Bloomberg | Getty Visuals BEIJING — Chinese electric motor vehicle start off-up Nio stated Friday it …
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Tesla ordered by NLRB to have Elon Musk delete anti-union tweet

Tesla ordered by NLRB to have Elon Musk delete anti-union tweet

Elon Musk, founder of SpaceX and chief government officer of Tesla, waves when arriving to a dialogue at the Satellite 2020 Conference in Washington, D.C., on Monday, March 9, 2020. Andrew Harrer | Bloomberg | Getty Images The Countrywide Labor Relations Board has resolved that Tesla …
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British EV firm Arrival (ARVL) stock sinks in SPAC debut

British EV firm Arrival (ARVL) stock sinks in SPAC debut

LONDON — British electrical auto producer Arrival began buying and selling on the Nasdaq Thursday subsequent a merger with a U.S. blank-test firm. The business finalized its blend with CIIG Merger Corp, a distinctive goal acquisition business (SPAC) set up by former Marvel CEO Peter Cuneo, …
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Ex-HP exec Meg Whitman, NBA COO Mark Tatum join General Motors board

Ex-HP exec Meg Whitman, NBA COO Mark Tatum join General Motors board

Quibi CEO Meg Whitman speaks through a Quibi keynote address at the 2020 CES in Las Vegas, Nevada, January 8, 2020. Steve Marcus | Reuters DETROIT — Standard Motors is introducing previous Hewlett Packard government Meg Whitman and Countrywide Basketball Association Main Functioning Officer Mark Tatum …
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Jeep’s plan to go from gas-guzzling SUVs to ‘green’ off-road EVs

Jeep’s plan to go from gas-guzzling SUVs to ‘green’ off-road EVs

Jeep Grand Wagoneer Strategy Fiat Chrysler DETROIT — America’s quintessential SUV model Jeep needs to change its reputation from gas guzzlers to “inexperienced” electrified autos to lure new buyers and retain its off-highway leadership amid an inflow of new competitors. Jeep is expected to be a …
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