Tesla has left Volkswagen in a tough spot on the veteran automaker’s home turf after recently dropping the prices of its Model 3 and Model Y electric vehicles (EVs) by up to 16.8% in Germany. The discounts, which Tesla said were a result of “normalizing” inflation, have led to increased demand for and interest in […]
Transportation officials in San Francisco are trying to slow the rollout of robotaxis in the city, arguing that they can pose a road hazard to other drivers and that more data is needed before they can be allowed to freely roam the streets — reports NBC News. San Francisco has become a bit of a […]
Lucid Motors saw its stock price jump by as much as 98% on Friday, closing at $12.87 per share (up 43%), as rumors of Saudi Arabia’s Public Investment Fund (PIF) considering a full takeover of the luxury electric automaker made the rounds — reports the Silicon Valley Business Journal. The news represents a breath of […]
Hyundai plans to invest as much as 10.5 trillion won ($8.5 billion USD) in 2023 into research and development and its construction of an electric vehicle (EV) plant in Georgia, reports Bloomberg, as noted in a filing on Thursday. The news also comes after Hyundai began working on a $5.5 billion EV and battery factory […]
Consumer Reports has rated Ford BlueCruise as its top-rated driver’s assistance system, topping the publication’s last-year pick of GM’s Super Cruise and the Tesla Autopilot system, which has fallen further behind in the rankings over the past few years. The pick also pushed Tesla’s Autopilot toward the middle of the pack, with the outlet saying […]
Acura has announced a strong shift toward electric vehicles (EVs) in a press release detailing its updated business strategy, with pre-sales beginning in 2023 and deliveries in 2024 with the ZDX and ZDX Type S. Additionally, Acura says 100 percent of its EV sales will take place online and will lead parent brand Honda into […]
Ford may be talking with Chinese automaker BYD about selling its Saarlouis, Germany plant, according to sources familiar with the matter in a report from The Wall Street Journal. Officials at Ford will head to China next week to talk about the potential sale of the German plant, which is currently planning to stop producing […]
Polestar has announced an updated design for the 2024 Polestar 2, including an updated range, a high-tech front end, new motors and the addition of rear-wheel-drive on base models, according to a press release shared on Tuesday. The company says the 2024 Polestar 2 has new motors and batteries, even including a switch to rear-wheel-drive […]
Honda announced plans on Tuesday to debut a new company division to help strengthen and accelerate the electrification of its lineup. The news is just the latest in automakers looking to separate out their businesses to better focus on catching up to leaders Tesla and BYD in the emerging EV sector. The changes are set […]
General Motors (GM) is planning to invest $918 million into four U.S. plants dedicated to building V-8 gas engines and electric vehicle (EV) components, according to an announcement made on Friday. The news comes after GM shared plans to begin selling fully-electric models only by 2035, showing that the automaker will continue needing to balance […]
Ford says it will reduce its reliance on Volkswagen for its next electric vehicle (EV) platform in Europe, according to a report from Financial Times. The Volkswagen Modular Electric Drive matrix (MEB) platform for building EVs has been used by Ford on its Mustang Mach-E and the F-150 Lightning, though the company may now be […]
Chevrolet debuted an electrified hybrid version of the Corvette, dubbed the E-Ray, at New York City’s Motorama this month as shared in a press release on Tuesday. The vehicle is set to go on sale in 2023 before delivering in 2024, starting at a price of $104,295 USD for the 1LZ coupe trim. The Corvette […]
Electric vehicles (EVs) are continually becoming more popular, and despite concerns over a recession, one automaker actually managed to outproduce its own revised forecast. Luxury EV startup Lucid Motors produced 7,180 vehicles in 2022, with 3,493 in the fourth quarter of the year alone, according to a press release shared on Thursday. The full-year figure […]
Audi is making some changes to the electric Q4 e-tron in Canada, introducing price increases and removing a heat pump that came with previous models. According to the e-tron forum, Audi informed customers the 2024 Q4 e-tron will come with a $4,050 CAD price increase, taking the vehicle’s MSRP from $59,950 CAD to $64,000 CAD. […]
Tesla has won the U.S. luxury sales crown for 2022, beating BMW, according to estimates from the Automotive News Research & Data Center. Elon Musk’s Tesla beat German automaker BMW for the crown, with an estimated 491,000 sales in the U.S., based on estimates. BMW was in second place with 332,388, followed by Mercedes-Benz with […]
