Tesla will reportedly not launch any new vehicles in 2022, suggesting the company’s Cybertruck will be delayed until at least 2023, according to Auto Express. “We will not be introducing new vehicle models this year. It would not make any sense because we’ll still be parts constrained,” said Musk in reference to the global chip shortage. He also said that batteries “will probably not be the limiting factor” in Cybertruck production. (Source: Auto Express) Read the original story…
Auto supplier giant Magna International is making a nearly half-a-billion dollar investment to EV-ready its Ontario footprint. The Aurora, Ontario-based company announced today it is investing $471 million into six facilities across the province. The majority of the money—$265 million—will …
Masahiro Moro, Mazda’s director and senior managing executive officer, will be the company’s next president and CEO if shareholders and the board approve the move in June, according to CNBC. “The leadership shake-up comes as the company, which is owned …
Online car retailer Caravan is on the brink of bankruptcy, according to 9NEWS. Its stock “tanked” as shares lost 96 per cent of their value over the last year. “Carvana was really created to disrupt the U.S. vehicle market. It …
As the auto industry at large continues moving in Tesla’s direction, the EV sector has just surpassed an important milestone on its way to mainstream appeal. Battery-electric vehicles reached 10 percent of the worldwide auto market in July, according to …
We would have thought that by now there were enough six-figure all-electric sedans and SUVs on the market to satisfy those wishing to part with six figures stat, with Faraday Future still eyeing this fleeting demographic. But it appears there …
New auto sales in the U.S. are “still stuck in low gear,” according to a new forecast by Cox Automotive, which expects that the sales numbers from last month will be mostly unchanged from the previous month. Though the numbers …
