Tag: Motor vehicles
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GM stops making Chevy Camaro, leaving the future of the muscle car uncertain
New York CNN — General Motors announced Wednesday that it is ending production of the latest generation of the Chevrolet Camaro, leaving the Ford Mustang as the last gasoline-powered American performance coupe. Stellantis had previously announced that it would end production of the larger Dodge Challenger at the end of this year. Around the same […]
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Here’s one for the battered bulls: The second-largest sector in the S&P 500 is coming to life, says this strategist.
“It’s the first time in a long time that the FOMC has had to make a real decision,” said JonesTrading chief strategist Michael O’Rourke, one of a handful of people urging the Fed to pause. “Remember, this banking crisis is the result of banks not properly preparing for a rate hike cycle. Another increase in […]
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Nissan’s next EV powertrains will be smaller, cheaper and use less rare earths
Image: Nissan EVs should become cheaper. There’s no other way around it. For the EV transition to be successful, EVs must to reach price parity with gas-powered vehicles and accessible to a large segment of the car-buying public. One of the ways in which those cheaper prices can be achieved is for manufacturers to reduce […]
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Musk promises that small self-driving Tesla EV is definitely coming
Photo: Pool / Pool (Getty Images) Stop the presses, folks. We’ve got a big, groundbreaking story here. A BIG story indeed. We just got word that Tesla will soon have a new small electric vehicle that will run almost entirely in autonomous mode. And it costs about half of the current one Tesla model 3. […]
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Buc-ee plans first location in Virginia
Buc-ee’s, the Texas-based supermarket chain that has developed a cult following since its founding in 1982, is looking to open a New Kent County branch, the company’s first in Virginia. The New Kent County Economic Development Authority has announced plans for a 74,000-square-foot store with 120 gas stations, 557 parking spaces, 24 Tesla charging bays, […]
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Why the stock market rally can continue, says Morgan Stanley strategist who only recently warned of a death zone.
Following last week’s rally, investors appear headed for the sidelines on Monday. Aside from a disappointing growth forecast out of China over the weekend driving oil prices higher, we have a sparse but solid lineup for the week with comments from Fed Chair Jerome Powell and a jobs update. Here’s Deutsche Bank, summarizing what’s at […]
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EV startup Lucid aims to nearly double production by 2023
Electric vehicle manufacturer Lucid Group Inc. said Wednesday it plans to produce up to 14,000 vehicles this year, a goal that business leaders say reflects the economic uncertainties facing the industry. The figure, which fell short of analysts’ expectations, was intended to be conservative, CEO Peter Rawlinson said. “We chose to go for a range […]
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Elon Musk chooses California for Tesla’s Global Engineering Headquarters
Tesla Inc. TSLA 1.77% said it established its global tech headquarters in Palo Alto, California, a state Chief Executive Elon Musk has criticized at times. Mr. Musk moved Tesla headquarters from Silicon Valley to Texas in 2021, saying at the time that the company’s ability to scale in the San Francisco Bay Area was limited. […]