After spending more than $10 billion to try to develop an autonomous robotaxi, General Motors is now calling time on the endeavor. On Tuesday afternoon, the automaker announced that it is done investing in Cruise’s robotaxi development and will instead combine the startup’s technical team with its internal… Photo and Credits: This article is from Jonathan M. Gitlin and it Read More
All of that helped total revenue rise by 8 percent year over year to $25.2 billion. Gross profit jumped by 20 percent to $5 billion, and once generally accepted accounting principles are applied, its net profit grew 17 percent compared to Q3 2023, at $2.2 billion. What’s more, the company is sitting on a healthy treasure chest. Free cash flow… Read More
The key to effectively flipping a car is simple in theory. ”Buy low and sell high.“If you’ve ever flipped a car over, you know it’s not as simple as it seems. It’s certainly possible to come across a diamond in the rough and negotiate a win-win price.” ;. .. Source: www.hotcars.com
The car you leased three years ago is worth much more than you expected at the end of the lease. The humble Volkswagen Tiguan leads the list with an increase of 61.3%. But the Camaro is worth an additional $12,346 in cash. Yes, these are strange times we live in. If you can’t find a rental car, it’s because you Read More
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