Morgan Stanley has a new pick over Tesla for the top auto stock, with analyst Adam Jonas on Monday calling Ferrari the best buy and changing the firm’s price target on the Italian brand, according to a report from Markets Insider. “We see Ferrari as the most defensive name in our coverage that avoids much […]
Sandy Munro and his wife Sue shared a video on Monday detailing their experiences with the Rivian R1T, after owning the electric pickup for almost a whole year. Sue says she loves the truck and that it handles Michigan winters well from a handling perspective using its snow-driving mode. Sandy says the truck is great […]
Rivian announced its 2022 Q4 earnings after the bell on Tuesday, and they’re short of expectations. As a result, the company’s stock is down 8% in after-hours trading. The electric automaker announced it produced 24,337 EVs in 2022, below its guidance of 25,000, while only 20,332 of these cars were delivered last year. In Q4, […]
A new leadership team under the coming Toyota CEO Koji Sato is increasingly embracing electric vehicles (EVs), especially after a recent teardown of Tesla’s Model Y SUV. A recent study of the Model Y held by Toyota executives has lit a refreshed motivation to embrace EVs at the Japanese company, as detailed to Automotive News, […]
Ford is extending its delay to F-150 Lightning production, after an issue earlier this month caused one of the electric trucks to catch on fire, according to a statement from the automaker on Friday (via CNBC). The news comes after Ford paused production of the F-150 Lightning last week, saying that the halt would last […]
Electric vehicle (EV) startup automaker Lucid Motors held its fourth-quarter earnings call on Wednesday, in which its reported revenue failed to meet its own expectations for 2022, as reported by CNBC. The automaker finished the year with roughly $4.4 billion in cash, and around $500 million available through lines of credit which it expects to […]
Hyundai released 2023 IONIQ 6 pricing for the U.S. today, with the electric vehicle starting from $41,600 USD for its SE Standard Range trim, set to launch this summer. The vehicle looks to rival the Tesla Model 3. There are 7 total trims for the 2023 IONIQ 6, with Hyundai saying dealerships will get most […]
Chinese electric vehicle (EV) automaker NIO announced plans to build as many as 1,000 battery swap stations across China in 2023, according to statements from Founder William Li on Tuesday (via Reuters). NIO plans to build 600 of the battery swap stations in urban areas, especially in the country’s third- and fourth-tier regions, while the […]
A new video shared by Sandy Munro’s Munro Live on Monday shows Sandy talking about the Audi Q4 E-Tron, and how disappointed he is in the automaker for the electric vehicle (EV). Munro begins the video by saying the EV is too similar to Audi parent company Volkswagen’s ID.4, along with a number of other […]
After Ford announced a halt to production on F-150 Lightning units this week due to a mysterious battery issue, new statements from the company provide more details on the problem that caused production to stop. Ford said on Wednesday that its F-150 Lightning production line will be down until the end of next week at […]
Ford is putting a halt on all F-150 Lightning production due to a possible problem with the electric pickup’s battery, according to a statement from the company on Tuesday, speaking with Motor Authority. Spokesperson Emma Bergg didn’t disclose any other details of the battery issue in the statement, though she said the stop-shipment order and […]
Toyota announced major shifts to its senior management team on Monday, including the takeover of new CEO Koji Sato in the coming months, as it shifts toward electrifying its upcoming vehicles (via Bloomberg). Along with Sato’s move to CEO following predecessor Akio Toyoda, Hiroki Nakajima and Yoichi Miyazaki will become the chief technology officer and […]
Ford announced on Monday it will be investing $3.5 billion to build a lithium iron phosphate (LFP) battery plant in Marshall, Michigan, confirming previous reports last week. The new plant will be called BlueOval Battery Park Michigan. The automaker says production should begin by 2026 and create 2,600 jobs. Ford says it is the first […]
Volvo CEO Jim Rowan said that the automaker won’t follow Tesla into cutting vehicle price tags, saying that demand for its vehicles remain high, according to Reuters. The statement came after Volvo posted lower-than-expected Q4 profits, and Rowan added that the automaker already had a sizable backlog for electric vehicle (EV) orders. “We don’t see […]
Lucid Group announced plans on Thursday to offer a $7,500 credit for purchasing some vehicle variants of its flagship Air electric sedan, according to a report from Reuters. The credit is effective beginning on Thursday, and it applies to all Lucid Air Tour and Grand Touring purchases between now and March 31. Despite the discount, […]
