models

Nio Earnings Mixed, Outlook Weak As Tesla China Rival Ramps Up Models, Markets

Nio stock slid further below key levels Wednesday morning with Nio (NIO) reporting a wider-than-expected second-quarter loss and weak revenue guidance. X Nio’s EV deliveries rose 14%, year over year, in Q2. They slowed in July and August vs. June, but held above 10,000 both months. The once red-hot Chinese EV startup has seen headwinds …

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GM Makes $1,500 OnStar Subscription Mandatory on GMC, Buick, Cadillac Models

If you don’t want to pay for in-car subscriptions every month, no problem: Just pay it all upfront. That’s the line from General Motors today after news spread that it’s making a three-year, $1,500 OnStar connected services subscription a mandatory “option” for new Buick, GMC, and Cadillac Escalade models. The subscription, which enables things like …

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Automakers say 70% of EV models don’t qualify for tax credit under Senate bill

Check out what’s clicking on FoxBusiness.com. Buyers of a majority of electric-vehicle models would not qualify for a $7,500 tax credit under a Democratic proposal in the U.S. Senate. That’s according to a group of major automakers.Automakers have been privately concerned about the proposal’s requirements for vehicles’ batteries and critical-mineral contents to be sourced from …

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U.S. automakers say 70% of EV models would not qualify for tax credit under Senate bill

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca CookRegister now for FREE unlimited access to Reuters.comRegisterWASHINGTON, Aug 5 (Reuters) – Most electric-vehicle models would be ineligible for a $7,500 tax credit for U.S. buyers under a Democratic proposal in the U.S. …

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