article thumbnail

Tesla maintenance and repair costs are lowest in the auto industry: data

Teslarati

Tesla’s 10-year maintenance and repair costs are the most affordable in the automotive industry, as shown in a new data analysis publicized last week. The total 10-year cost of maintaining and repairing a Tesla is the cheapest in the industry, according to a data analysis shared by Consumer Reports on Friday.

article thumbnail

Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Electrek

Major car suppliers in Germany say they are struggling with the high upfront costs of shifting to EVs and “slow demand,” with companies looking to lay off thousands of workers, as much as 20% of total staff in some cases, in the coming years.

article thumbnail

Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Baua Electric

Major car suppliers in Germany say they are struggling with the high upfront costs of shifting to EVs and “slow demand,” with companies looking to lay off thousands of workers, as much as 20% of total staff in some cases, in the coming years. FTC: We use income earning auto affiliate links. Get started here.

article thumbnail

Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Supply chain constraints, coupled with labor shortages which began during the pandemic, also continue to impact the auto industry as they try to ramp up production. The Aurora, Ontario-based company also recorded asset impairments and restructuring costs of USD 316 million related to troubled EV startup Fisker.

article thumbnail

Electric-car vs gas costs, self-driving Bolt, more 2018 diesels, Workhorse orders open: Today's Car News

Green Car Reports

Today, we've got a Chevy Bolt EV without a steering wheel, an update on available 2018 diesel vehicles, an analysis of the per-mile costs of electricity versus gasoline, and predictions by auto-industry execs. All this and more on Green Car Reports.

2018 67
article thumbnail

Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

Hence, the price of EVs has become intertwined with the cost of lithium , which has slowly become cheaper thanks to massive investments worldwide. With Tesla’s most significant vehicle production cost still being the battery, there is no doubt the business will benefit dramatically from the falling price of one of its core elements.

Price 144
article thumbnail

Ford CEO Jim Farley responds to recent F-150 Lightning price hikes

Teslarati

The vehicle’s price hike, raising as much as $8,500 for some trim levels, is apparently in reaction to the rising costs of battery materials. Ford is already working to combat these rising material costs. Ford is not alone in being forced to raise prices and innovate to combat rising battery costs.

F-150 97