Ferrari CEO Benedetto Vigna says a third of new buyers are under 40
Despite a waiting list of three years for some of its cars, Ferrari’s CEO said the company has no plans to supercharge production to meet demand. “We are a brand …
Autos
Pebble Beach Monterey Car Week: Most expensive cars sold
A 1962 Ferrari 250 GT SWB Coupe sold at auction at the 2023 Monterey Car Week. Credit: Gooding & Company A $30 million Ferrari led the parade of trophy cars …
China’s Xpeng expects profit growth from cost cuts, Volkswagen deal
A XPeng Inc. G6 electric sport utility vehicle (SUV). Qilai Shen | Bloomberg | Getty Images Xpeng expects cost cuts and its Volkswagen partnership to narrow the firm’s losses, the …
Stellantis has discussed moving some truck assembly to Mexico, UAW says
UAW Vice President Rich Boyer addresses union members during a “Solidarity Sunday” rally on Aug. 20, 2023 in Warren, Mich. Michael Wayland / CNBC WARREN, Mich. – Automaker Stellantis has …
Nikola (NKLA) Q2 2023 earnings
Nikola TRE FCEV 2. Courtesy: Nikola Shares of electric truck maker Nikola fell more than 26% Friday after a complicated second-quarter report, news of a CEO departure and shareholder approval …
X commandeers ‘@music’ handle from user with half a million followers
Lorenzo Di Cola | Nurphoto | Getty Images Social network Twitter, recently rebranded as X, has commandeered the handle “@music” from open-source software developer Jeremy Vaught, who told CNBC he …
Vietnam’s EV ownership will see strong growth in 2023, BMI report says
VinFast LLC’s EV VF8 vehicles. Linh Pham | Bloomberg | Getty Images Vietnam’s electric vehicle market appears poised for rapid expansion in the next decade, but there could be significant …
How gas station economics will change in the EV charging future
As electric vehicles proliferate, some gas stations are making expensive overhauls to add EV charging stations. In most cases, they aren’t scrapping traditional liquid fuel pumps. But select locations, including …
GM’s electric Cadillac Escalade to test EV strategy, cash machine
2023 Cadillac Escalade V-Series Cadillac NEW YORK – General Motors on Wednesday will reveal a new all-electric version of the Cadillac Escalade, testing the luxury SUV’s prestige for a new …
UAW leader defends union’s lofty demands, trashes Stellantis proposals
During a Facebook Live on Aug. 8, 2023, UAW President Shawn Fain Screenshot The leader of the United Auto Workers on Tuesday adamantly defended lofty demands for the union’s members …