News of New York

Keanu Reeves Makes Pro Racing Debut at Indianapolis, Escapes Injury After Spin-Out
6 October 2024
2600
Speed Meets the Track On October 5, Keanu Reeves stepped into the world of professional auto racing at the legendary Indianapolis Motor Speedway, competing in the Toyota GR Cup. At 60, the Hollywood star, best...
Chinese Seagull EV: A Compact Challenger to the US Auto Industry
13 May 2024
2769
BYD's Seagull The automotive world is abuzz with the emergence of the Seagull, a tiny, low-priced electric car from Chinese automaker BYD. Priced around $12,000 in China and crafted with pr...
Bernstein: Tesla Stock to Drop 33% on High Valuation, Lack of Catalysts
27 March 2024
4068
Tesla's Quest The discourse surrounding Tesla's stock price has intensified in recent times, with mounting scrutiny directed towards its seemingly lofty valuation juxtaposed against concerns regarding its performance and growth trajectory. Comparat...
VinFast EV Founder Expands Global Reach with New Charging Stations Venture
18 March 2024
5530
Driving Sustainable Progress Elevating the landscape of electric vehicle infrastructure, V-Eco emerges as the brainchild of visionary entrepreneur Pham Nhat Vuong. With a resolute focus on driving sustainable progress, V-Eco...
Study Reveals: Top Car Brands Symbolizing Success in America
5 March 2024
4150
Revolutionizing Wheels Embracing automotive culture extends beyond transport, embodying individuality, ambition, and status. In a recent study by Tinting Chicago, American automotive desires reveal iconic cars that transcend function to become symbo...
Ford CEO: Competition with Chinese EVs to Surge by 2024
19 February 2024
4140
Electrifying Evolution In a recent address at the Wolfe Research Global Auto and Auto Tech Conference, Ford's CEO Jim Farley reflected on pivotal aspects of the company's trajectory, spanning from labor relations to electric vehicle (EV) strategies....
2024 F1 Season: Mercedes Reveals New W15 Model
14 February 2024
6875
Silver Arrows Shine Again Unveiled on Wednesday, the W15 is the culmination of a year-long design journey, emerging as a distinctive competitor. “The process of designing a car is iterative and extensive,” says J...
BMW Transforms Munich Headquarters for Full-Scale Electric Production by 2027
10 January 2024
3688
BMW Accelerates Into the Future In a strategic move towards embracing the electric vehicle (EV) era, BMW is injecting €650 million (equivalent to $711 million) to overhaul its primary manufacturing hub in Munich. This major investment, announce...
EV Tax Credit Reductions Hit Tesla, Nissan, GM Models in Latest Update
2 January 2024
3604
Revving Up the EV Tax Credit Turbulence Starting Monday, recent amendments to U.S. Treasury regulations have brought about significant alterations to federal tax credits related to ele...
Car Dealers' Initial EV Test Faces Challenges This Year
27 December 2023
3525
Pricing Shockwaves The electric vehicle (EV) market witnessed a dynamic journey throughout the past year, with car dealers initially meeting the surging demand for electric cars through direct fulfillment of factory orders. However, as summer approa...
Boosting Holiday Sales: US New Vehicle Dealers Offer Enhanced Incentives
20 December 2023
3582
Winter Wheels American car dealers rev up the winter sales season. This year-end, they are rolling out generous incentives and discounts to clear out older vehicle stocks and make way for the exciting new models arriving in the new year. For over f...
UAW Files Unfair Labor Charges Against VW, Honda, Hyundai – Key Developments
12 December 2023
3776
Revving Up Change The UAW has taken a resolute stance against anti-union campaigns, recently filing charges against Honda, Hyundai, and Volkswagen. In an empowering video, Fain addressed challenges and discussed the union's strategic appro...
Catherine  Wood's $2 Million Tesla Withdrawal Preceding Q3 Earnings
17 October 2023
4423
Price Wars and Profit Projections As we approach the eagerly anticipated date of October 18 for Tesla's (TSLA) third-quarter earnings report, the investor community is buzzing with a blend of optimism and concern. Let's delve into the key factors in...
Reduced Room for Detroit's Economic Flexibility Due to High UAW Wages
11 October 2023
4286
High Stakes Detroit's unionized auto workers, despite their pending wage increase, are among the world's highest-paid employees when considering benefits such as healthcare. Their employers currently have the financial capacity, but these elevated l...
Tesla's Stock Shock: Q3 Performance in Turmoil
4 October 2023
4434
Tesla's Shocking Q3 Performance Tesla, a leading electric vehicle (EV) company, faces stock market turbulence as it nears the Q3 2023 earnings report. Despite early September growth, TSLA stock has been consistently volatile, with Q3 deliveries fall...
Ford and GM Temporarily Lay Off 500 Workers Amid UAW Strikes
3 October 2023
4301
UAW Strikes Shake the Auto Industry The automotive industry is facing significant workforce reductions as United Auto Workers (UAW) strikes persist. Ford's Layoffs On Monday, Ford announced layoffs affecting approximately 330 employees&n...
Top Stock Market Movers: Ford, Fisker, Thor, Costco, DraftKings, Coty, and More
26 September 2023
4114
Wall Street Whispers Stock futures declined on Tuesday, and Treasury yields moved higher as belief grows on Wall Street that the Federal Reserve will likely keep interest rates higher for an extended period. Ford Ford announced...
Longevity Assured: Ford and GM's Gas and Diesel-Powered Trucks Here to Stay
16 June 2023
4190
Revving Up for the Future General Motors and Ford, two automotive powerhouses, are not slowing down. Despite their significant investments in future electric vehicles, they are also making substantial commitments to internal comb...
Nio Stock Plummets Following Significant Revenue Shortfall and Warning
9 June 2023
4058
Warning Signs for Nio Nio Inc., a prominent Chinese electric vehicle manufacturer, experienced a downturn in its U.S.-listed stocks on Friday after unveiling its first-quarter financial results. The company's revenue fell short of expectations prima...
Tesla's Bold Move: Advertising Strategy to Overcome Challenges and Missed Margin Target
17 May 2023
3940
Musk's definitive statement At Tesla's annual shareholder meeting in Austin, Texas, CEO Elon Musk acknowledged the company's vulnerability to the global economy and provided insights into the challenges it may face over the next 12 months. Rumor Cl...
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