Rental car giant Hertz hit a huge speed bump with its profitability, and its blaming the ill-advised choice to go green with Elon Musk’s electric cars. The company is blaming its recent quarterly profits miss on Tesla’s price cuts and unexpectedly high EV repair costs, which both caused big problems due to Hertz’s decision to build a large fleet of Tesla vehicles.
American automakers are quickly learning that Americans are not buying electric vehicles (EVs) at the rates they expected.
General Motors is offering $1,400 to owners of the 2020-2022 Chevy Bolt to entice them to install a diagnostic program that will determine if their battery is defective. The move is reportedly part of an anticipated class action settlement related to the battery problems that have plagued GM’s all-electric car.
Chinese state media continued to gush over visiting California Gov. Gavin Newsom on Wednesday, hailing the Democrat’s warm meeting with dictator Xi Jinping as a triumph of “mutual respect, peaceful coexistence, and win-win cooperation.”
Honda and General Motors have ended a joint venture aimed at creating a new range of cost-effective electric vehicles (EVs).
About 5,000 American auto workers shut down General Motors’s (GM) biggest and most profitable plant in Arlington, Texas, joining more than 40,000 fellow United Auto Workers (UAW) members in their ongoing strike against the Big Three.
Nearly 7,000 auto workers at Stellantis’ Sterling Heights Assembly Plant in Sterling Heights, Michigan, have joined the UAW strike.
A Tesla-owning couple in Edinburgh, Scotland, were left speechless when they received a colossal repair bill of $20,698 from Elon Musk’s car company to fix their EV’s battery. Tesla blamed “rainwater ingress” for turning the electric car into an pile of junk.
Tesla, General Motors, and Ford have reportedly all hit the brakes on electric vehicle (EV) production, citing concerns of economic uncertainties fears of a slowdown in EV demand.
Elon Musk’s Tesla posted weaker than anticipated financial results, noting a rare decline in electric vehicle deliveries and a shortfall in sales and earnings compared to analyst expectations.
Former President Donald Trump, the frontrunner in the Republican presidential primary, is pledging to repeal President Joe Biden’s Electric Vehicle (EV) mandates while warning American auto workers that their jobs will be obsolete within a couple of years if Democrats have their way.
The United Auto Workers (UAW) strike has expanded tremendously with roughly 34,000 American auto workers now striking across the U.S.
Fire commander said “lots of electric vehicles potentially involved” in the early stages of a fire that shut one of Britain’s major airports.
Thousands of Canadian auto workers are joining the United Auto Workers (UAW) strike across the United States.
On Friday’s broadcast of Bloomberg’s “The Open,” acting Secretary of Labor Julie Su responded to a question on why the Biden administration is using tax dollars to give wealthy people credits to buy expensive electric cars by stating that they’re
On Friday’s broadcast of Bloomberg’s “The Open,” acting Secretary of Labor Julie Su responded to a question on whether driving heavy SUVs that require electricity actually helps save the planet by stating that “we can probably have a conversation about
A Glasgow man experienced a nightmarish journey in his electric car as it refused to stop, compelling him to navigate through busy city streets at a consistent 30 mph, and ultimately requiring a risky police operation to bring the vehicle to a halt.
Striking auto workers are warning that President Joe Biden’s green agenda, including Electric Vehicle (EV) mandates, will eliminate their jobs entirely.
Elon Musk’s Tesla suffered its first quarter-on-quarter sales decline in years, prompting concerns about America’s appetite for electric vehicles. Analyst Dan Ives explains, “Even when factoring in the factory shutdowns with no rose-colored glasses, Tesla clearly missed the Street with bulls left disappointed.”
Rivian Automotive, a market leader in producing electric pickup trucks, has struggled with producing electric vehicles (EVs) that can accomplish tasks their gasoline engine counterparts handle with ease. A new report from the Wall Street Journal shows the company also struggles with profitability. The company reportedly loses an average of $33,000 for every truck it sells.
More than 25,000 auto workers are now striking against General Motors (GM), Ford, and Stellantis as negotiations stall over worries that President Joe Biden’s Electric Vehicle (EV) mandates will spur massive job losses and wage cuts down the road.
Sen. J.D. Vance (R-OH) wants to offer much-needed wage hikes to American auto workers by replacing President Joe Biden’s Electric Vehicle (EV) mandates with tax credits for gas-powered cars made in the United States at high-wage plants.
Former President Donald Trump took a swipe at President Joe Biden while speaking to autoworkers in Macomb County, Michigan, painting the president as mired in corruption and family scandal.
North Dakota Gov. Doug Burgum (R) defended auto workers at the Republican presidential primary debate on Wednesday evening.
North Dakota Gov. Doug Burgum claimed during the Republican primary debate that China “controls 85 percent of the rare-earth minerals.”
Boos rained down from striking members of the United Auto Workers (UAW) when former President Trump referenced President Joe Biden’s 12-minute visit to Wayne County, Michigan, on Tuesday to “pose for photos at the picket line.”
Former President Donald Trump warned auto workers that President Joe Biden is “selling you out to China” with his electric vehicle mandates.
OKLAHOMA CITY, Oklahoma — North Dakota Gov. Doug Burgum, a 2024 GOP presidential candidate, told Breitbart News here on Monday afternoon that Democrat President Joe Biden’s push to move America to electric vehicles is failing because the United States is nowhere near ready for it.
On Tuesday’s edition of Bloomberg’s “Sound On,” Rep. Dan Kildee (D-MI) acknowledged that the Inflation Reduction Act should have had more worker protections in it as it pushed a transition to electric vehicles, but stated that “what we’ve done is
On Tuesday’s broadcast of CNBC’s “Last Call,” host Brian Sullivan said that he wanted to ask President Joe Biden about the electric vehicle push hurting jobs when he was in Michigan, but Secret Service “blocked off the road a-mile-and-a-half away
During an interview with “PBS NewsHour” aired on Tuesday, Vice President Kamala Harris responded to concerns that the Biden administration’s electric vehicle push will hurt workers given that electric vehicles require fewer jobs by stating that “that perspective that some
OKLAHOMA CITY, Oklahoma — Democrat President Joe Biden’s administration’s “genuine hate” for fossil fuel producers and other traditional energy companies was at the forefront of a two-day-long summit on energy security here this week featuring top industry and business leaders and political voices from around the country.
On Tuesday’s broadcast of CNN’s “Situation Room,” UAW President Shawn Fain stated that auto companies are “using our tax dollars to finance” a “race to the bottom” on electric vehicles and that currently, the transition to EVs isn’t just. Fain
Senate Majority Leader Chuck Schumer (D-NY) is the latest to join striking United Auto Workers (UAW) members on the picket line.
On Tuesday, President Joe Biden visited members of the United Auto Workers (UAW) who are striking against General Motors (GM), Ford, and Stellantis. The president, though, failed to make mention his Electric Vehicle (EV) mandates which are partly responsible for the strike.
Republicans on the House Oversight and Accountability Committee are currently conducting an investigation into Energy Secretary Jennifer Granholm regarding her recent electric vehicle (EV) road trip, during which an incident led to the involvement of law enforcement.
In a setback for Gov. Gretchen Whitmer, Ford is pausing construction on a $3.5 billion electric vehicle battery plant set for Michigan.
The brother of President Joe Biden’s top adviser is a lobbyist for General Motors (GM), complicating matters for the White House as the United Auto Workers (UAW) strike against record inflation and the administration’s electric vehicle (EV) mandates.
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers argued that it will be more
President Joe Biden belatedly announced plans to visit the striking United Auto Workers (UAW) union members in Michigan on Tuesday, just one day before former President Donald Trump is set to visit them.
