Remove Auto Industry Remove General Motors Remove Price Remove Products
article thumbnail

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

Teslarati

market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S.

article thumbnail

European Auto Industry Expresses Concern Over Iron Ore Price Hikes

Green Car Congress

The European automobile industry expressed concern about the “ sudden and massive ” increase in the price of iron ore, a crucial material for producing steel. The leading iron ore exporters announced on 30 March steps to raise their prices by more than 80%.

article thumbnail

GM’s epically bad year still earned it $10 billion – but that’s not due to EV sales

Baua Electric

GM forecasts its total US auto industry sales to hit 16 million in 2024, but it has dropped its goal of making 400,000 EVs through mid-2024. General Motors said earlier this month that is finally ramping up production of its Cadillac all-electric Lyriq SUV this year. of its total volume.

Sale 52
article thumbnail

Tesla bucked the industry with its Q1 results — now TSLA is seeing momentum

Teslarati

Tesla ( NASDAQ:TSLA ) essentially bucked the auto industry in the first quarter of 2022. Despite shutdowns in its Shanghai plant, rising nickel prices, and the ongoing supply chain crisis, Tesla successfully delivered 310,048 cars worldwide. on Monday’s premarket. . Don’t hesitate to contact us with news tips.

article thumbnail

Tesla (TSLA) shares poised for a swing after Q1 earnings: Wall Street

Teslarati

After releasing a stellar production and delivery report, Wall Street analysts have high expectations for the first-quarter earnings call. Options pricing suggests that TSLA stock may fluctuate 7.2% Tesla’s ( NASDAQ:TSLA ) Q1 2021 earnings call is just a few hours away. Yet, some analysts remain cautious.

Tesla 92
article thumbnail

False Starts: The Story of Vehicle-to-Grid Power

Cars That Think

Some observers thought V2G could prevent the kinds of price spikes and rolling blackouts then plaguing the Golden State. Around the same time, however, General Motors and other automakers were in the process of decommissioning their battery EV fleets, the key component of V2G. Electric Car tzero 0-60 3.6

Grid 138
article thumbnail

Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

In its “2012 Outlook: US Auto Manufacturers and Suppliers”, Fitch assigns the industry a Positive Rating, expecting the credit profiles of the US OEMs and auto suppliers to generally strengthen in 2012, assuming that global economic conditions do not weaken materially from current trends. than was seen in 2010 and 2011.

2012 186