The holy grail for electric vehicle adoption is said to arrive once mainstream EVs could be had for under $30,000. For some buyers in the U.S., this is now reality — thanks to government subsidies. Earlier this week Tesla (TSLA) announced on its website that all versions of the Model 3 sedan now qualify for
More young Americans are late to paying their car loans – approaching levels not seen since the Great Recession, according to a report from the New York Fed. In the last quarter, 4.6% of borrowers under 30 transitioned into serious delinquency – meaning they were at least 90 days overdue on an auto loan payment.
General Motors (GM) says it’s doing the right thing for its business by dropping the popular Apple CarPlay infotainment experience. “There are many manufacturers today that don’t have CarPlay,” GM CFO Paul Jacobson said on Yahoo Finance Live (video above). “But I think we recognize that the burden’s on us. If we’re going to take
Tesla CEO Elon Musk leans Republican, and he’s no friend of Joe Biden. But President Biden and his fellow Democrats have done Musk and his company a favor no Republican would likely consider. Biden’s new rules for tailpipe emissions, which the Environmental Protection Agency proposed on April 12, would sharply limit the pollution cars are
Women have long been underrepresented in engineering positions. And in the male-dominated car business, the odds seem especially stacked against them. But that didn’t stop Laurie Transou, chief engineer for the Ford Mustang Dark Horse, the company’s latest muscle car. “Within the auto industry, there’s all kinds of opportunities for young women interested in engineering,”
The Treasury Department on Friday finally issued guidance on the battery production and minerals sourcing requirements for federal EV tax credits for consumers, though the rules may create more chaos than clarity. The guidance was originally scheduled to be released in January, but more input was needed by stakeholders like automakers and suppliers for the
Swedish EV-maker Polestar (PSNY) is inching ever closer towards its big release of the Polestar 3 SUV. The company kicked off its roadshow for the electric SUV with the North American debut of the Polestar 3 at an event in New York City. Suffice to say the Polestar 3 will for Polestar — backed by
Companies such as Ford (F) are collectively pouring hundreds of billions of dollars into electric vehicles (EVs). But as the industry transitions toward zero carbon emissions, battery supply chains could stand in the way of those ambitions. “First of all, batteries are the constraint here,” Ford CEO Jim Farley told Yahoo Finance Live (video above).
Standing up an EV business to rival category heavyweight Tesla (TSLA) is coming at a hefty price for storied automaker Ford (F), one it’s prepared to address with aggressive cost cuts. Ford revealed Thursday it lost $2.1 billion on an operating basis in its Model E (electric) division last year. The automaker guided to an
If you love cars, and you watch a lot of YouTube, then you know Doug DeMuro. DeMuro has reviewed cars and written about the auto industry for some time now, but his real claim to fame stems from his YouTube channel, where his earnest, no frills, in-depth, and entertaining car reviews have afforded him a
