GM to stop making Chevy Malibu after 60 years as it shifts to EVs
General Motors announced Wednesday that it will end production of the gasoline-powered Chevrolet Malibu later this year to make way for new electric vehicles. GM has sold more than 10 million Malibu cars worldwide since 1964 and will end production in November. The Detroit automaker is investing $390 million in a Kansas assembly plant to […]
China’s Car Makers Readying to Flood the West with Cheap EVs
Do you drive an electric vehicle (EV) made in China? If the answer is “no,” the Chinese government would like to think that someday it will have no choice but to say “yes.” Chinese automakers are quietly confident they have the products and manufacturing power to push their cars into the West, executives asserted at […]
Musk says Tesla’s affordable EVs coming next year
Kingsview Wealth Management CIO Scott Martin joins the “Big Money Show” to analyze the financial impact of Elon Musk’s latest promise of “affordable” Tesla cars. Tesla CEO Elon Musk The EV maker said it plans to introduce a new, more affordable model in early 2025, after the status of its long-discussed plans for a low-cost […]
Tesla Stock Surges Despite Dismal Quarter as Elon Musk Promises Affordable EVs by 2025
Tesla shares rose after CEO Elon Musk announced that the company aims to begin producing affordable electric vehicle models by early 2025, or perhaps later this year. Shares rose about 12% in premarket trading Wednesday. This recovery came despite dismal earnings, including a 55% drop in first-quarter net income. CNBC report Despite Tesla’s disastrous first […]
US investigating GM Cadillac Lyriq EVs over brake assist failures
See what’s being clicked on FoxBusiness.com The National Highway Traffic Safety Administration (NHTSA) announced Monday that the agency’s Investigations Division has begun a preliminary evaluation after receiving multiple reports that Cadillac Lyriq electric vehicles are losing brake boost assist. The Cadillac Lyriq electric vehicle (EV), a subsidiary of General Motors, made its world premiere at […]
‘The Five’: Climate activists wage war on EVs
‘The Five’ co-hosts discuss climate activists crashing the New York International Auto Show and splashing oil on an electric … source
Ford postpones rollout of some new EVs as demand wanes
Barron’s senior writer Al Root discusses key themes from the New York International Auto Show on Barron’s Roundtable. As demand for EVs continues to decline, Ford Motor Co. is putting the brakes on production of two upcoming electric vehicle models. Ford announced in Thursday’s manufacturing update that it is postponing the planned start of production […]
Industry ‘Moving Towards EVs’ But We Can’t Let ‘Economically Smart Play’ ‘Happen on Its Own Pace’
On Tuesday’s broadcast of FOX News Channel’s “America Report,” Transportation Secretary Pete Buttigieg said, “The auto sector is moving toward EVs,” and China is seeking dominance in the EV market. “We can do it,” he said, “because it’s an economically smart strategy.” There is competition between the US and China, so don’t just sit back […]
Nissan to launch 30 new models by 2027, reduce cost of EVs
FOX Business’ Madison Alworth talks about the latest innovations in electric vehicles at the New York International Auto Show. Nissan aims to improve profitability over the medium term through its newly announced plans. The automaker announced a business plan on Monday dubbed “The Arc,” which calls for “a broad product offensive, a push toward electrification, […]
‘Manic Move’ to EVs Will ‘Destroy’ U.S. Auto Industry
Ohio Republican U.S. Senate candidate Bernie Moreno told SiriusXM. Breitbart News Saturday He argued that a “frenzied transition to electric vehicles” would “destroy” the U.S. auto industry and greatly benefit China. Moreno, who founded one of the largest auto dealer groups in the United States, comes just days after President Joe Biden announced new rules […]