DIRS.INFO The most relevant business & tech news

[1/2] A Ford Ranger Raptor is seen at a Ford event in Michigan, U.S., May 5, 2023. REUTERS/Joe WhiteDETROIT, May 10 (Reuters) - Ford Motor Co (F.N) on Wednesday unveiled the latest addition to its muscle truck franchise - a Ranger Raptor midsize pickup with a 405-horsepower engine and a suspension designed for racing across the desert, made possible in part by Ford's electric vehicles. But a Ranger Raptor will start at $56,960, Ford said. Ford is also ramping up production of its Mustang Mach-E, Ford F-150 Lightning and Transit electric vehicles - generating credits that allow it to sell more high-performance, combustion vehicles such as the Ranger Raptor, the Bronco Raptor and the F-150 Raptor. "We're doing it through a portfolio of products" that includes electric vehicles and a hybrid Maverick pickup, Baumbick said.

☆ Ford reveals its new global pickup truck
▼ + stars: | 2023-05-10 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —In America, “Ford truck” usually means the F-series, the best-selling truck here for decades. But in many parts of the world, it probably means the Ford Ranger. In terms of size and capabilities, it fits between the big F-150 and the small, car-like Ford Maverick. The Ranger Raptor, which will have big 33-inch diameter tires, is designed for high-speed off-road driving. The previous generation Ford Ranger was available in other markets for many years before Ford finally decided to sell it in North America.

☆ Ford is finally bringing the beastly Ranger Raptor truck to the US, and it costs $57,000 — see it here
▼ + stars: | 2023-05-10 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

The 2024 Ford Ranger Lariat. The 2024 Ford Ranger Lariat. FordThe Ranger RaptorThe 2024 Ford Ranger Raptor. The 2024 Ford Ranger Raptor. The 2024 Ford Ranger Raptor.

CNN —UFC fighter Tony Ferguson was arrested on suspicion of driving under the influence after his truck hit other vehicles and rolling over in Hollywood, California, on Sunday morning, the Los Angeles Police Department told CNN. Police said Ferguson initially refused to take a Breathalyzer test when he was taken into custody, the LA Times reported. Ferguson’s court date is set for June 1 in Los Angeles Municipal Court. The 39-year-old UFC welterweight fighter is 26-8-0 and has lost five consecutive fights. He has held the interim UFC lightweight championship title once, and also jointly holds the record for the longest win streak in lightweight division history with 12 wins tied with Khabib Nurmagomedov.

☆ NASCAR Le Mans entry can be springboard for Button and Johnson
▼ + stars: | 2023-05-04 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

LONDON, May 4 (Reuters) - Former Formula One champion Jenson Button wants to drive a Hypercar at Le Mans next year and says he would be up for a full season of the world endurance championship if the right opportunity comes along. The Briton will be taking part in the 24 Hours race at the Sarthe circuit on June 10-11 this year as part of a special NASCAR entry with seven times NASCAR champion Jimmie Johnson and former Le Mans winner Mike Rockenfeller. Johnson, 47, has never been to Le Mans while Button, 43, endured a short-lived debut in 2018 with the Russian-backed SMP team. The World Endurance Championship (WEC) has seven rounds, including Le Mans, while the North American IMSA series has 11 but is nearer to home. "I’m running out of items, especially in a major professional setting," said the Californian, who was never able to race Le Mans previously due to calendar clashes with NASCAR and IndyCars.

☆ Lordstown Motors stock plunges after dispute with investor Foxconn
▼ + stars: | 2023-05-01 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

With that arrangement apparently unraveling, Lordstown could face bankruptcy, according to the truck maker. In 2021, it purchased an Ohio factory that Lordstown Motors had, itself, bought from General Motors in 2019. According to papers Lordstown Motors filed with the Securities and Exchange Commission on Monday, Foxconn has claimed that Lordstown has not met the agreed- upon requirements and, so, Foxconn is refusing to follow through with agreed-upon future investments. In April, Lordstown Motors received a letter from Nasdaq notifying the company that, because of its low stock price, the company was in danger of being delisted from the exchange. Because of that letter, according to Lordstown, Foxconn claimed the company had not met the investment agreements.

☆ 7 Found Dead in Oklahoma Amid Search for Missing Teens
▼ + stars: | 2023-05-01 | by ( Ava Sasani | ) www.nytimes.com time to read: +1 min

Seven bodies were found on a piece of property in rural Oklahoma on Monday afternoon during a search for two teenage girls who had been reported missing and were said to have been seen with a convicted sex offender, according to officials with the Okmulgee County Sheriff’s Office. None of the seven victims were identified, and the authorities would not say whether they included the missing girls, Ivy Webster, 14, and Brittany Brewer, 16. But Sheriff Eddy Rice said that the authorities had called off the search for Ivy and Brittany after the bodies were found at the property, near Henryetta, the county seat, and just south of Tulsa. “We believe to have found everything that we were seeking this morning,” Sheriff Rice said. The sheriff said he could not provide any details about the seven deaths, but said the case was being investigated as a homicide.

☆ GM’s Chevy Bolt Heads to Scrapyard With Mixed Legacy
▼ + stars: | 2023-04-30 | by ( Mike Colias | ) www.wsj.com time to read: 1 min

General Motors Co. rolled out its Chevrolet Bolt electric vehicle in 2016 to nab a foothold in the nascent EV market and give consumers an affordable plug-in option. Now, the diminutive snub-nosed SUV is headed to the scrap heap.

☆ His 1960 Corvette Is At Home in a Public Brooklyn Garage
▼ + stars: | 2023-04-29 | by ( A.J. Baime | Photographs Nate Palmer For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Jan Hyde , 82, a retired real-estate investment banker and consultant, on his 1960 Chevrolet Corvette, as told to A.J. If I had to argue one reason why the Chevrolet Corvette exists on this planet, it would be racing. When I was growing up in Pittsburgh, there was a wealthy Gulf Oil executive named Grady Davis who started a Corvette racing team around 1961. He had two noteworthy drivers: a Washington, D.C.-based racer named Dr. Dick Thompson (they called him “The Flying Dentist”) and a guy named Don Yenko , who owned a Chevrolet dealership outside my hometown called Yenko Chevrolet.

☆ Why GM is killing the Chevy Bolt — America's cheapest EV — amid record sales
▼ + stars: | 2023-04-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNTA Chevrolet Bolt EUV on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBCDETROIT — After years of lackluster performance and a fire-provoked recall, the all-electric Chevrolet Bolt EV was finally gaining traction for General Motors . The Bolt EV would start at $26,595, followed by the Bolt EUV at $28,195. A 2019 Chevrolet Bolt EV caught fire at a home in Cherokee County, Georgia on Sept. 13, 2021, according to the local fire department. Cherokee County Fire DepartmentStill, GM touted the Bolt EV as proof of the concept for its electric-powered future.

☆ Electric cars could cost the same as gas-powered ones as soon as 2025 — so long as you buy small
▼ + stars: | 2023-04-28 | by ( Alexa St. John | ) www.businessinsider.com time to read: +2 min

Electric cars could cost the same as gas-powered ones as early as the mid-2020s. That's only if shoppers go small, according to new analysis from the International Energy Agency. It's as long as shoppers buy small, according to the International Energy Agency's latest global EV outlook. Still, the average new EV cost $58,940 in March, according to Kelley Blue Book, while the average new gas-powered car went for $48,008. Bigger battery-powered vehicles have batteries that are two- to three-times larger than small cars, according to the IEA, which requires more critical minerals that are costly.

The 34-year-old is primarily an actress, but on the side, she's a travel nanny for billionaires in New York. "The qualities it takes to work for the ultra-wealthy is patience and a nuanced perception of anticipating a person's needs." Here's what they said about their lucrative side hustles:Nannying ultra-wealthy kidsNanny-matching site Care.com advises New York families to pay full-time nannies $21.25 per hour, the company's website says. Chauffeuring rich familiesA typical Uber driver in New York makes just over $45,000 per year, according to Glassdoor data. Frank Dorfman (right), alongside one of his daughters, started chauffeuring four years after he retired as a New York police detective.

Alexa Bartell Jefferson County Sheriff's OfficeKarol-Chik allegedly told investigators that he felt “a hint of guilt” after seeing the victim’s car. After circling back, Karol-Chik told investigators Koenig slowed down so that Kwak could take a picture of the car. The court documents said Karol-Chik told investigators the suspects felt “excited” when the rocks hit cars. The friend told investigators that Koenig participated in “destructive behavior” and liked “causing ‘chaos,’” the affidavits said. Karol-Chik told investigators he and Kwak “both collected rocks, and that all three of them threw rocks at moving cars,” the affidavits said.

☆ Tiktok-inspired 'Kia Boys' car thefts could be a $600 million problem, according to a new court document
▼ + stars: | 2023-04-27 | by ( Jack Newsham | ) www.businessinsider.com time to read: +5 min

In cities across the country, thefts of Hyundai and Kia vehicles have skyrocketed. Now some drivers are trying to get Kia and Hyundai to pay the tab, saying the security features were illegally lax. And recently, auto insurers made a preliminary estimate of the total cost: $500 million to $600 million. But actually installing the updates in a reported 3.8 million Kias and 4.5 million Hyundais is another story, and state regulators have urged the carmakers to recall the impacted vehicles. She said Hyundai and Kia should move quickly to get a handle on the case and win back public trust.

☆ Ford CEO: Elon Musk is taking a page from Henry Ford's playbook with his EV price war
▼ + stars: | 2023-04-27 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

"This has all happened before," Ford CEO Jim Farley said. Musk's price cutting strategy is similar to what Henry Ford did in 1913. Ford Chief Executive Jim Farley says Elon Musk's price war strategy for electric vehicles isn't anything new. Farley told reporters last week that Musk's idea to slash prices and protect volume over profit margins is a play right out of Henry Ford's Model T playbook. The price cutting strategy has had an adverse effect on Tesla's profit margins, spooking some investors, but Musk has insisted he knows what he's doing.

☆ Every Generations' Favorite Car: Ford F-150, Toyota Camry, Honda Civic
▼ + stars: | 2023-04-26 | by ( Alexa St. John | ) www.businessinsider.com time to read: 1 min

Gen X (45 to 54 years old): Chevrolet Silverado2021 Chevrolet Silverado. ChevroletAfter the Silverado, the top cars for Gen X between the ages of 45 and 54 years old were the Ford F-Series, Ram, Toyota RAV4, and Tesla Model Y.

☆ GM Raises 2023 Profit Outlook, Kills Off Chevy Bolt EV
▼ + stars: | 2023-04-25 | by ( Mike Colias | ) www.wsj.com time to read: 1 min

Photo illustration: Josephine ChuGeneral Motors Co. raised its full-year profit outlook, citing consumers’ willingness to spend big on high-end models, even as the company tightens its own belt. The Detroit auto maker also said Tuesday it would drop the Chevrolet Bolt from its lineup, killing off its first mainstream electric vehicle as it moves to newer battery technology.

☆ Chevrolet Bolt, GM’s first popular electric vehicle, ends production this year
▼ + stars: | 2023-04-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —The Chevrolet Bolt EV, General Motors first fully electric vehicle to be built and sold on a large scale, will go out of production by the end of this year. These new electric vehicles will be based GM’s new electric vehicle platform, Ultium, which is not used by the Bolt. The Bolt was, for a number of years, the best-selling electric vehicle in America that was not made by Tesla, although the gap was very wide. In all other respects, though, it was very similar to the Bolt EV, including the fact that it was available only with front-wheel-drive. To do that, GM engineers created a flexible electric vehicle architecture called Ultium that will be the basis of future GM vehicles.

☆ Get America's cheapest electric car while you still can
▼ + stars: | 2023-04-25 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

Launched in 2016, the Bolt EV is the cheapest electric car in America. General Motors is axing the electric hatchback (and its SUV relative, the Bolt EUV) from its lineup this year, it announced Tuesday. The Chevrolet Bolt EV electric hatchback. The Bolt EV, which launched in 2016, is America's cheapest EV at $26,500 (or $19,000 after a $7,500 federal tax credit). The 2022 Chevrolet Bolt EUV.

☆ GM to end production of Chevrolet Bolt EV later this year
▼ + stars: | 2023-04-25 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

[1/3] A close-up view of the Chevrolet Bolt electric vehicle is seen at Stewart Chevrolet in Colma, California, U.S., October 3, 2017. "We have progressed so far that it's now time to plan to end the Chevrolet Bolt EV and EU production, which will happen at the very end of the year," GM CEO Mary Barra told investors on Tuesday. The Bolt, GM's first mass market EV, still accounts for more than 90% of all U.S. GM EV sales. The Bolt was preceded by the Chevrolet Volt -- a plug-in hybrid that GM ended production in 2019. The recall prompted GM to halt Bolt production and sales for more than six months.

☆ GM to end production of electric Chevy Bolt, its first mass-market EV, later this year
▼ + stars: | 2023-04-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Steve Fecht for ChevroletDETROIT – General Motors plans to stop production of its electric Chevrolet Bolt models by the end of this year, CEO Mary Barra told investors Tuesday when discussing the company's first-quarter earnings. The Chevy Bolt EV and EUV, a larger version of the car, make up the vast majority of the company's electric vehicle sales to date. General Motors CEO Mary Barra unveiled the Chevrolet Bolt electric vehicle during the 2016 Consumer Electronics Show in Las Vegas. But Bolt sales never caught on as well as many executives hoped, as EV sales overall remained minuscule outside of Tesla . The Vermont State Police released this photo of the 2019 Chevrolet Bolt EV that caught fire on July 1, 2021 in the driveway of state Rep. Timothy Briglin, a Democrat.

☆ G.M.’s Profits Fell 18.5% in the First Quarter
▼ + stars: | 2023-04-25 | by ( Neal E. Boudette | ) www.nytimes.com time to read: +2 min

said Tuesday that it would build a battery plant with a South Korean partner, Samsung SDI. is hoping for a surge in sales of electric vehicles this year on the back of those new models. “We feel good about the demand being robust for the electric vehicles we are producing,” he said. The company said it now expected net income for next year to be $8.4 billion to $9.9 billion. In the United States, sales of new vehicles rose about 7 percent in the first quarter, to 3.6 million vehicles.

☆ GM Recalls Some Chevy Silverado Trucks Over Fire Risk
▼ + stars: | 2023-04-23 | by ( Ginger Adams Otis | ) www.wsj.com time to read: 1 min

Some Chevrolet Silverado trucks were discovered to have a potential brake-fluid leak that could result in a fire. Photo: rebecca cook/ReutersGeneral Motors Co. has issued a recall for some of its Chevrolet Silverado trucks after discovering a potential brake-fluid leak that could result in a fire. The recall could involve as many as 40,000 medium-duty trucks made in 2019 or later, according to the National Highway Traffic Safety Administration.

☆ Tesla's California market share tumbles despite aggressive price cuts
▼ + stars: | 2023-04-22 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +1 min

SAN FRANCISCO, April 21 (Reuters) - Tesla's market share in its key California market tumbled in the first quarter of the year despite aggressive price cuts as rivals stepped up, data showed on Friday. Tesla's sales in California accounted for 16% of the automaker's global deliveries last year, according to Reuters calculation. Tesla CEO Elon Musk's pursuit of Twitter and embrace of Republicans has sparked concerns about Tesla's brand, especially in liberal states like California. Globally, Tesla posted record quarterly vehicle deliveries for the quarter, but quarter-on-quarter sales growth was modest despite price cuts as rising competition, especially in China, and a bleak economic outlook weighed. The price cuts hit Tesla's first-quarter margins, pushing its shares down nearly 10% on Thursday.

☆ Tesla's market share in California plunged despite slashing prices this year, report says
▼ + stars: | 2023-04-22 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Tesla's market share in California plunged in California despite big price cuts, a report says. Data reviewed by Reuters found Tesla's market share in the state fell from 72.7% to 59.6% in a year. Tesla's profits have also plunged since the cuts after Elon Musk promised to focus on market share. The price cuts helped send Tesla's profits down 24% in the first quarter as the company made less on each car sold. While Musk said he planned to prioritize market share over profits, the scale of the decline still spooked investors.

Search resuls for: "chevrolet"

25 mentions found