GM laid off approximately 1,000 employees last Friday, the company confirmed to Motor1. To put an extra dose of sour into the situation, employees were reportedly notified through early morning emails. According to the Detroit Free Press, the layoffs affected both salaried and hourly employees. A GM… Photo and Credits: This article is from and it appeared on Motor1.com – Read More
The Onvo L60 can be purchased alone or with a battery pack as part of a monthly subscription. … Source: Car Scoops
A series of aggressive price cuts caused the value of used Teslas to fall 28.9%.
highlight: The average price of used cars has fallen by 3.6%, but the price of used EVs has fallen by 31.8% compared to last year. Used car prices are consistently 2-7% lower than last year, suggesting that inflation is not having an impact on used cars. Source: www.iseecars.com
(iSeeCars) – The average price of used cars has fallen by 3.6%, but the price of used EVs has fallen by 31.8% compared to last year. Used car prices have consistently been 2-7% lower than last year, suggesting that inflation has not affected used car prices. Used EV… Source: www.qcnews.com
ibensTim Alversen, CEO of the largest multi-brand leasing company, said he has already received checks in recent weeks to help offset the weak prices. Leasing companies are demanding concessions from EV manufacturers, including buyback agreements. Source: fortune.com
The 2024 Lexus RZ lineup expands with the addition of a front-wheel-drive version that is cheaper than the existing all-wheel-drive version. The new RZ300e starts at $55,150, which is $4,700 less than the RZ450e. FWD delivers an EPA-estimated range of up to 466 miles (46 miles more than AWD). The ’24 Lexus RZ300e features a 72.8 kWh battery pack that Read More
Electric car maker breaks down pricing for Model 3, Model Y, Model S, and Model X … Source: Car Scoops
The company says, “The slump in global consumer demand is having a particular impact on the EV penetration rate.” Polestar’s third-quarter results revealed difficult market conditions, forcing the company to cut its planned electric vehicle deliveries in 2023 to about 60,000 units. Formerly Polestar… Source: insideevs.com
“The introduction of EVs will be slower than previously anticipated,” Hertz CEO Stephen Sher said during the company’s third-quarter earnings conference. at 5:05pm ET Last week, General Motors and Ford announced they would delay spending on electric vehicles, citing slowing demand for BEVs and the EV price war started by Tesla. Source: insideevs.com