EV drivers in Britain see jump in public charging cost

The UK has laid out plans to ramp up the number of electric vehicles on its roads over the next few years. Coldsnowstorm | E+ | Getty Images Electric car drivers in the UK have seen the cost of using a public, “rapid” charger on a pay-as-you-go tariff rise by 42% since May, according to … Read more

Convertible sales fall in U.S. amid popularity of EVs, SUVs

2024 Ford Mustang Source: Ford Convertibles — once a sign of open-air freedom, road trips and summer adventures — are fading away as the auto industry shifts to all-electric cars and more rugged sport utility vehicles. Sales of traditional drop-tops such as the Chevrolet Camaro and Ford Mustang, as well as roadsters such as the … Read more

Tesla supplier CATL evaluating battery swapping business overseas

CATL is the world’s largest electric vehicle battery maker and supplier to the likes of Tesla and Ford. Pavlo Gonchar | Soup Images | Lightrocket | Getty Images The world’s largest electric vehicle battery maker CATL is evaluating whether to expand its battery swapping business to international markets, a senior executive told CNBC. CATL, or … Read more

Electric vehicle (EV) sales set to hit an all-time high in 2022, IEA says

Tesla electric cars photographed in Germany on March 21, 2022. According to the International Energy Agency, electric vehicle sales are on course to hit an “all-time high” this year. Sean Gallup | Getty Images News | Getty Images Electric vehicle sales are on course to hit an all-time high this year, but more work is … Read more

Elon Musk direct reports at Tesla

Tesla Chief Executive Elon Musk stands on the podium as he attends a forum on startups in Hong Kong, China. Bobby Yip | Reuters Elon Musk has run two ambitious tech companies at the same time ever since he became chair and later CEO of electric vehicle maker Tesla while also leading SpaceX, his reusable … Read more

Cruise lines’ stocks fall after Fed rate hike raises concerns about debt, recession

People come out to watch the new Carnival Cruise Line ship Mardi Gras as it departs on its maiden voyage, a seven-day cruise to the Caribbean from Port Canaveral, Florida on July 31, 2021. Paul Hennessy | Anadolu Agency | Getty Images Shares of Carnival, Norwegian and Royal Caribbean fell this week after the Federal … Read more

FedEx (FDX) reports Q1 earnings

A person walks by a FedEx van in New York City, May 9, 2022. Andrew Kelly | Reuters FedEx on Thursday announced rate hikes and detailed its cost-cutting efforts after the giant shipping last week that its fiscal first quarter results were hit by weakening global demand. Shares of FedEx were up about 2% Thursday … Read more

Xpeng breaks out of a lower price range with its more expensive car G9

Xpeng has announced its most expensive car to date. Pictured here at a store in Shanghai, China, on July 2021 are two of Xpeng’s previously released models, a P7 Wing Limited Edition in green and a G3 SUV in blue. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car start-up Xpeng has … Read more

GM to close reservations for electric Hummer EVs after topping 90,000

Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renew the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT — General Motors will close reservations for its electric … Read more

Ford stock suffers worst day since 2011 after cost warning

Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor’s stock suffered its worst day in more than 11 years, after the automaker pre-released part of its third-quarter earnings report and warned investors of $1 billion in unexpected supplier costs. Shares of Ford closed Tuesday at $13.09 … Read more