Hyundai and Kia Say They Will Spend Billions More On EVs:

Hyundai and Kia Say They Will Spend Billions More On EVs:

Photo:: Hyundai: Stellantis thinks it can make a lot of money in India, midsize SUVs did mostly fine in a new side crash test, and Elon Musk. All that and more in: The Morning Shift: for May 18, 2022. 1st Gear: Hyundai: It wasn’t two days ago: when we were talking about Hyundai being a … Read more

Experts spell out do’s and don’ts for parents amid baby formula shortage:

Experts spell out do’s and don’ts for parents amid baby formula shortage:

White House chief of staff Ron Klain says the White House is “absolutely” and “strongly” considering having President Joe Biden invoke the Defense Production Act to address the urgent baby formula shortage problem plaguing the country. (Paul Hennessy, Associated Press) Estimated read time: 6-7 minutes: SALT LAKE CITY – Utah health experts addressed growing concerns … Read more

Illinois Revokes Carvana’s Dealer License Over Titling Issues:

Illinois Revokes Carvana’s Dealer License Over Titling Issues:

Photo:: Joe Raedle: (Getty Images:) Carvana is presently forbidden from selling cars in the land of Lincoln, Rivian is suing its seat supplier and Tesla’s closing the order books for a vehicle it was supposed to start manufacturing six months ago. All that and more in: The Morning Shift: for Tuesday, May 17, 2022. 1st … Read more

How Carvana went from a Wall Street top pick to meme stock trading:

How Carvana went from a Wall Street top pick to meme stock trading:

Ernie Garcia, CEO, Carvana: Scott Mlyn |: CNBC: Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within … Read more

Hyundai, Quietly, Might Be Tesla’s Biggest Threat:

Hyundai, Quietly, Might Be Tesla’s Biggest Threat:

Photo:: Hyundai: Audi, Tesla, GM, Ford, Stellantis, and probably everyone else are having production issues, while Hyundai could be a sleeping EV giant. All that and more in: The Morning Shift: for May 16, 2022. 1st Gear: Hyundai: Now, before anyone gets too upset, I’d like to recognize that Hyundai’s EVs and Tesla’s cars are, … Read more

How electric pickups stack up in price, range:

How electric pickups stack up in price, range:

SAN ANTONIO – Ford Motor’s new F-150 Lightning is an electric pickup truck. That may seem obvious given it looks like a truck and has electric motors and a battery pack instead of an engine, but it needs to be said. Why? Because a successful battery-powered pickup is a critical step in the EV transition, … Read more

Mercedes Says It Can’t Make EVs Fast Enough:

Mercedes Says It Can’t Make EVs Fast Enough:

Photo:: Mercedes: Mercedes isn’t having trouble selling electric cars, Tesla has a new recall, and Lucid is going to Europe. All that and more in: The Morning Shift: for May 10, 2022. 1st Gear: Mercedes’ EV Business Is Strong: I’m not really sure what to make of this, other than: virtually any new car today … Read more

Uber to cut down on costs, treat hiring as a ‘privilege’: CEO email:

Uber to cut down on costs, treat hiring as a ‘privilege’:  CEO email:

Uber posted a $ 5.9 billion loss in the first quarter of 2022. Philip Pacheco |: AFP via Getty Images: Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I … Read more

Uber to cut down on costs, treat hiring as a ‘privilege’: CEO email:

Uber to cut down on costs, treat hiring as a ‘privilege’:  CEO email:

Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I spent several days meeting investors in New York and Boston,” Khosrowshahi said in the email, which was sent out late … Read more

Shipping delays are back as China’s lockdowns ripple around the world:

Shipping delays are back as China’s lockdowns ripple around the world:

A Cosco Shipping container ship is seen at the Yangshan Deep Water Port amid the coronavirus disease outbreak in Shanghai, China on April 24. (Str / Reuters) Estimated read time: 7-8 minutes: ATLANTA – Global shipping was just starting to recover from the chaos of the pandemic. Now port congestion and delays are back and … Read more