Ford seeing disruptions due to microchip shortage, omicron: CFO
Ford CFO John Lawler discusses the automaker’s electric vehicle shift, projected earnings and inflation in a wide-ranging interview on ‘Mornings with Maria.’
Lithium prices soar amid supply chain crunch
Piedmont Lithium Limited CEO Keith Phillips notes that sales of electric vehicles doubled in 2021 worldwide and prices for lithium 'are very strong' as demand for the commodity continues to rise given it's used to produce batteries.
Ford shares skid despite a bullish 2022 outlook
Ford Motor Co ended 2021 with $36 billion in cash, a crop of hot-selling new electric vehicles and a bullish forecast for revenue and profit growth this year, but that was not enough for investors.
Drivers in this state will receive a $400 car insurance refund check
Recent bipartisan car insurance reform in Michigan will result in refund checks being delivered directly to drivers' pockets.
Used Mercedes-Benz trucks are selling for $62,705 more than new ones
Use car prices have been reaching new heights, and some models are selling for over 35% more than their new counterparts.
Inflation fuels car prices as inventory dwindles
As new car prices speed up to reach record highs, dealerships struggle with low inventory and long wait times.
Car market has no supply, but demand is 'off the charts': Dealership owner
Lexus of Route 10 in New Jersey owner Tomas Maoli on what causing record-high new car prices.
Inflation, supply issues driving up car prices and shipping wait times
FOX Business' Lydia Hu visits Lexus of Route 10 in New Jersey where new car buyers can expect to wait up to a year for their new ride.
Tesla recalling over 817,000 vehicles to fix seatbelt reminder chime
Tesla is recalling over 817,000 vehicles to fix an issue with their seatbelt reminder chime feature. The problem will be address via an over-the-air software update.
Tesla's latest product is sold out
A new TeslaMic designed to be used with a karaoke system available in the automaker's vehicles was sold out shortly after its release in China.
Electric Chevrolet Silverado EV reservations hit 110,000, GM CEO Mary Barra says
GM has received over 110,000 reservations for its upcoming Chevrolet Silverado EV, CEO Mary Barra said.
Record sales prices drive GM profit up 56% to $10B last year
General Motors increased its net income 56% last year, helped by higher prices for its vehicles that were made scarce by a global shortage of computer chips.
GM prioritizes faster EV launches ahead of fatter profits
General Motors Co on Tuesday said it will spend more than the $35 billion previously planned through 2025 to speed up launches of new electric vehicles, and noted that investments in technology will take priority over richer profits next year.
GM-owned Cruise launches driverless taxi service in San Francisco
GM's Cruise division is opening up its driverless ride-hailing service to the public through a limited access program in San Francisco.
Tesla recalling 54,000 Full Self-Driving vehicles that may run stop signs
Tesla is recalling nearly 54,000 vehicles to remove a rolling stop function from their Full Self-Driving system, which is in an in development beta phase.
Ultra-rare 1955 Mercedes-Benz Gullwing auctioned for record $6,825,000
A 1955 Mercedes-Benz 300 SL Gullwing with an aluminum body was auctioned by RM Sotheby's for a model-record $6,825,000.
Kia recalling 410,000 vehicles over airbag issue
Kia has received 13 customer complaints and 947 warranty claims related to the issue. However, no fatalities, injuries, crashes or fires have been reported.
General Motors CEO Mary Barra took a 'surreal' ride in an autonomous Chevy
GM CEO Mary Barra went for a ride in a Cruise autonomous vehicle this month and said it was "surreal."
Ford's CEO targets plumbers, electricians with electric vehicle, data offerings
Ford is aiming to deliver more to America's plumbers, electricians and first responders.
GM's electric pickups are set up to outsell the Tesla Cybertruck by a lot
Elon Musk projects Tesla will be building 250,000 Cybertrucks annually in a couple of years, which is much less than the 600,000 electric pickup capacity General Motors has planned.