Automakers are seeing improvements in the supply of computer chips, but shortages continue to disrupt production. The latest reading on the situation comes from Ford Motor, which said Wednesday that its second-quarter profit had risen nearly 20 percent from a year earlier, when the global chip shortage took a severe toll on its operations. The… Continue reading Ford’s Quarterly Profit Is Up Nearly 20% From a Year Earlier
Author: New York Times Online News
Can Tesla Data Help Us Understand Car Crashes?
Shortly before 2 p.m. on a clear July day in 2020, as Tracy Forth was driving near Tampa, Fla., her white Tesla Model S was hit from behind by another car in the left lane of Interstate 275. It was the kind of accident that occurs thousands of times a day on American… Continue reading Can Tesla Data Help Us Understand Car Crashes?
Amazon Wants 100,000 Electric Vans. Can Rivian Deliver?
Nearly three years ago, Amazon announced that it would buy 100,000 custom-made delivery vehicles from Rivian, a fledgling maker of electric vehicles. On Thursday, after some delays, the companies said hundreds of the vans were finally on the road. The battery-powered trucks are crucial to Rivian’s business plan and survival in a very competitive auto… Continue reading Amazon Wants 100,000 Electric Vans. Can Rivian Deliver?
Ford Increases Battery Supply to Meet Electric Vehicle Goals
Ford Motor said on Thursday that it had reached an agreement to acquire battery packs from a Chinese supplier as it races to ramp up its global production of electric vehicles. The automaker said it would begin purchasing battery packs next year from Contemporary Amperex Technology Company Limited that will be used in electric vehicles… Continue reading Ford Increases Battery Supply to Meet Electric Vehicle Goals
For Electric Vehicle Makers, Winners and Losers in Climate Bill
The climate and energy package awaiting final approval by Congress aims to achieve two goals that are not always compatible: Make electric vehicles more affordable while freezing China out of the supply chain. Auto industry representatives have been griping that the proposed $7,500 tax credits for electric vehicle buyers come with so many strings attached… Continue reading For Electric Vehicle Makers, Winners and Losers in Climate Bill
Rivian Lost $1.7 Billion in the Second Quarter
Rivian, a fledgling electric vehicle manufacturer, said Thursday that it lost $1.7 billion in the second quarter and estimated that it would make just over 26,000 vehicles this year, about a thousand more than it previously forecast. The company said it was continuing to struggle to get enough components to ramp up production to higher… Continue reading Rivian Lost $1.7 Billion in the Second Quarter
Ford Raises Prices of F-150 Lightning Electric Truck
Ford Motor on Tuesday became the latest automaker to raise the price of electric vehicles when it significantly increased prices of its popular F-150 Lightning because of rising materials costs. The company began making the Lightning in April and had sold more than 4,400 through the end of July. Ford has taken reservations for more… Continue reading Ford Raises Prices of F-150 Lightning Electric Truck
California Regulator Accuses Tesla of Falsely Advertising Autopilot
California’s Department of Motor Vehicles has accused Tesla of falsely advertising its driver-assistance technology in two complaints that could affect the company’s ability to sell cars in the state. The agency said Tesla had misled customers by claiming in advertisements that vehicles equipped with its Autopilot and Full Self-Driving Capability programs were autonomous. If the… Continue reading California Regulator Accuses Tesla of Falsely Advertising Autopilot
GM Quarterly Sales Fall Amid Shortage in Computer Chips and Other Parts
The auto industry is facing worrying signs all across its horizon, including rising interest rates and fears of a recession. But the biggest problem still seems to be making enough cars. General Motors said Friday that its U.S. deliveries of new vehicles in the second quarter declined 15 percent from a year earlier, while Toyota… Continue reading GM Quarterly Sales Fall Amid Shortage in Computer Chips and Other Parts
Tesla Faces Pressure Campaign From Activist Shareholders
Tesla investors on Thursday will vote on several proposals by activist investors that seek to pressure the company and its chief executive, Elon Musk, to change the way they treat workers, add more independent voices to the automaker’s board and disclose more about how it lobbies government officials. Tesla is widely credited with pioneering the… Continue reading Tesla Faces Pressure Campaign From Activist Shareholders