Remove Auto Remove Auto Industry Remove GM Remove Motoring
article thumbnail

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

Teslarati

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. auto sector,” the organization writes. auto sector,” the organization writes. auto industry appeared first on TESLARATI.

article thumbnail

Top Tesla Gigacasting Supplier Gets Acquired By GM!

CleanTechnica EVs

Tesla has jumped ahead of the auto industry in. continued] The post Top Tesla Gigacasting Supplier Gets Acquired By GM! Here’s a story from left field that we didn’t see coming! appeared first on CleanTechnica.

GM 127
article thumbnail

GM and GlobalFoundries in long-term direct supply agreement for US production of semiconductor chips

Green Car Congress

General Motors (GM) and GlobalFoundries (GF) have entered a strategic, long-term agreement establishing a dedicated capacity corridor exclusively for GM’s chip supply. We see our semiconductor requirements more than doubling over the next several years as vehicles become technology platforms.

GM 170
article thumbnail

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 billion between January and July 2022 or 4% year-on-year. Compared with the same period in 2019 ($5.50

article thumbnail

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.

article thumbnail

More auto plant shutdowns for COVID-19

Green Car Congress

Honda transmission and engine plants in North America that serve Honda auto plants also will suspend production for the same time period. Hyundai Motor Manufacturing Alabama (HMMA) has already suspended production in all areas, for all shifts, on 18 March, following the confirmation of a case of COVID-19 among its workforce.

Auto 199
article thumbnail

Tesla stock (TSLA) rises following GM NACS deal

Teslarati

Tesla shares ( NASDAQ:TSLA ) surged over 5% on Friday amidst investors’ positive sentiments following the announcement that General Motors would be joining Ford in adopting the Texas-based EV maker’s North American Charging Standard (NACS) for its electric cars. “This is a major win for Tesla. per share on Friday.

GM 113