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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

Former General Motors (GM) executive Terry Woychowski, who is now President of engineering consultancy Caresoft Global, called the arrival of the Seagull a “clarion call for the rest of the auto industry,” adding that it’s a “significant event” (via CNBC ). auto sector,” the organization writes.

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Why are General Motors (GM) and Ford (F) stock prices falling today?

Electrek

Share prices of several popular automakers are under pressure after UBS analyst Patrick Hummel warned investors Monday that the US auto industry will likely face hurdles ahead. Both General Motors (GM) and Ford (F) stock prices are down today on the news as investors grapple with what’s next for the US automakers.

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Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8 Follow us for interactive news & more. billion between January and July 2022 or 4% year-on-year.

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GM’s Tesla NACS support spells trouble for Electrify America [Opinion]

Teslarati

General Motors’ (GM) support for Tesla’s North American Charging Standard (NACS) might be trouble for Electrify America. The theory is gaining some legs now that General Motors has decided to support the NACS. General Motors and Ford hold a significant market share of the United States auto industry.

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Survey: Dealers think Biden is moving too fast on EVs

Baua Electric

Dealers think the Biden administration’s EV policies are forcing the auto industry to move ahead of market demand, according to a new Automotive News survey. The rules haven’t been finalized, but that process could be completed as soon as March, the industry journal noted.

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Hertz to Buy Cadillac Lyriqs and Chevy Silverado EVs to Bolster Electric Rental Fleet

The Truth About Cars

Car rental companies have long pledged to make the transition alongside their auto industry partners, and Hertz recently announced that it would be adding the Cadillac Lyriq and Chevy Silverado EV.& Automakers are going electric, which means that all the companies that rely on them will have to adapt. electric rental fleet.

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Over 42k Tesla supporters are urging Pres. Biden to acknowledge the company’s EV leadership

Teslarati

According to the Tesla supporters, the US President has shown a tendency to ignore Tesla’s leadership, with Biden instead propping up veteran automakers like General Motors as leaders in the country’s EV movement. Credit: General Motors. Don’t hesitate to contact us with news tips.