Gas prices just hit a new record high. Here are a few ways to save

As the summer driving season nears, gasoline prices show no signs of slowing down. The national average for unleaded gas hit a new high of $4.59 per gallon Thursday, according to AAA. For the first time ever, the average price was $4 per gallon or above in all 50 states this week, AAA data shows. … Read more

Why Tesla was kicked out of the S&P 500’s ESG index

An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Justin Sullivan | Getty Images The S&P 500 booted electric vehicle maker Tesla from its ESG Index in an annual rebalancing. Meanwhile, Apple, Microsoft, Amazon and even oil and gas multinational Exxon Mobil were included on the list. The S&P … Read more

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

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

Audi RS 5’s New Competition Package Has Coilovers

2023 Audi RS 5 with Competition packageImage: Audi In an effort to make the RS 5 more of a driver’s car — and more competitive with BMW M and Mercedes-AMG machines — Audi is giving the RS 5 a new Competition package. You get some serious performance goodies — but it all comes at a … Read more

No cars were sold in Shanghai in April as zero-Covid policy hammers activity

The biggest metropolitan area in China, home to 25 million residents, has been under a strict lockdown for seven weeks. Authorities have ordered people to stay at home and shut down many businesses, as they try to stamp out the city’s worst ever Covid outbreak. Although authorities announced Monday that they will allow “low levels … Read more

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’s 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

After the ‘hippie’ bus and Beetle, VW makes eyes at America once again

As Volkswagen looks to resurrect the Scout brand in the United States, CEO Herbert Diess has shed light on the decision, saying it represents an opportunity for the German auto giant to “become much more American.” VW announced plans to re-launch the Scout as a fully-electric pick-up and “rugged” SUV last Wednesday, with prototypes due … Read more

George Soros Backs Bet on Rivian as Ford Delivers Bad News

rivian (RIVN) – Get Rivian Automotive, Inc. Class A Report got scared but the electric vehicle maker made up for it well. The young manufacturer of electric SUVs and pickups has just cleared some of the many doubts hanging over its short-term future. The Irvine, Calif.-based company confirmed its production target of 25,000 vehicles in … Read more

Cold, hard, sanitary cash? BYU study finds going cashless to prevent COVID-19 was ‘useless’

Liz Atkinson, manager of the Quicksilver store at the Outlets at Traverse Mountain in Lehi, cleans a terminal after a transaction on May 1, 2020. Many businesses began encouraging transactions with plastic debit and credit cards as a safety measure to fight the spread of COVID -19. Now, a study from BYU says that plastic … Read more