Automakers

A slew of automakers in China have banned together and pledged to regulate how they market their EVs and avoid further price wars to help stabilize a booming market for consumers. Chinese EV automakers like NIO, XPeng, and BYD have been joined by the likes of Tesla to promote healthy competition and less “bad blood” overseas. It has been happening all over the globe, but the EV price wars in China were truly ignited at the start of this year, as Tesla slashed the MSRPs of its Model 3 and Model…

General Motors' premium Cadillac lines scored higher sales in the second quarter of 2023. Leading automakers reported a jump in quarterly US car sales Wednesday, reflecting increased vehicle inventory levels and the support of a strong US labor market. General Motors scored a 19 percent rise in…

Tesla electric vehicles are charged at a charging station in Anaheim, Calif., Friday, June 9, 2023. Owners of General Motors and Ford electric vehicles will be able charge at many of Tesla's large network of stations across the U.S. starting next year. Credit: AP Photo/Jae C. Hong Tesla is roaring back from a dismal 2022 as company shares, which have already doubled this year, were driven higher Monday by a spike in…

Tesla (TSLA) stock soared more than 4% today as automakers are starting to want to secure access to the Supercharger network for their own EV owners. It took a little while for NACS’ domino effect to gain momentum, but with Rivian today announcing that it is jumping on board, Tesla’s connector is cementing its place as the new North American standard, which is helping Tesla’s stock keep its own momentum. Despite already being the most valuable automaker in the world, Tesla’s stock managed…

A 2023 R1T pickup truck is charged in a bay at a Rivian delivery and service center Wednesday, Feb. 8, 2023, in Denver. Electric vehicle maker Rivian says it will follow General Motors and Ford and join Tesla's charging network next year. The startup truck, SUV and delivery van maker says Tuesday, June 20, that like GM and Ford, it will include ports with Tesla’s connector on future Rivian vehicles starting in 2025. Credit: AP Photo/David Zalubowski,…

Toyota shareholders are sending a clear message at the Japanese automaker’s annual meeting this year – it’s time to go electric. Several investors have mentioned they have voted or plan to vote to remove longtime leader Akio Toyoda from the board over the automaker’s EV stance. Shareholders voice their opinion on Toyota’s EV stance After Akio Toyoda, the 66-year-old grandson to the company’s founder, stepped down as CEO in January, many believed newly elected leader Koji Sato would bring…

The vehicle companies have offered free software as a fix to the problem. The vehicle companies have offered free software as a fix to the problem. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your…

Following the deal to work with Ford on access to the Supercharger network, CEO Elon Musk says that Tesla is open to licensing Autopilot, Full Self-Driving, and EV technology to other automakers. Are there going to be any takers? Back in 2014, Tesla announced that it made all its patents “open source.” Almost a decade later, it’s unclear whether companies are actively using some of Tesla’s technology based on the open-sourced patents and, if so, with what technology. But having…

Elon Musk suggested Thursday during a Twitter Spaces with Ford CEO Jim Farley that Tesla might open up some of its automotive operating system code to other automakers.  “In the same way that maybe Android is helpful to the phone industry as sort of a general standard, like we could potentially open source more code,” said Musk. If Tesla takes that leap it will compete with Google, which has developed an automotive operating system based on Android, as well as Apple.  Musk was responding to…

Ford CEO Jim Farley on Feb. 13, 2023 at a battery lab for the automaker in suburban Detroit, announcing a new $3.5 billion EV battery plant in the state to produce lithium iron phosphate batteries, or LFP, batteries.Michael Wayland/CNBCDETROIT – Ford Motor's largest competition in electric vehicles isn't U.S. leader Tesla or crosstown rival General Motors, it's Chinese automakers, CEO Jim Farley said Thursday.Farley said Chinese companies such as Warren Buffett-backed BYD are ahead of the large U.S. automakers and…