Ford Motor said on Wednesday that it lost $3.1 billion in the first three months of the year because of a sharp drop in the stock price of Rivian, an electric vehicle start-up that Ford has taken a stake in. Ford was also hurt by slowing sales stemming from an ongoing shortage of computer chips.… Continue reading Ford Lost $3.1 Billion in the First Quarter
Author: New York Times Online News
Ford Has Made 2,000 Electric F-150 Lightning Trucks, It Says
DEARBORN, Mich. — Ford Motor said on Tuesday that it had produced about 2,000 electric F-150 pickup trucks and planned to begin delivering them to customers in the next week. The automaker said it was fine-tuning software in the trucks before releasing them to dealers, the company’s chief executive, Jim Farley, said at a kickoff… Continue reading Ford Has Made 2,000 Electric F-150 Lightning Trucks, It Says
Tesla to Cut 10% of Salaried Staff, Musk Tells Employees
Tesla’s chief executive, Elon Musk, plans to cut 10 percent of the electric carmaker’s salaried work force, he told staff in an email on Friday. The job cuts will not apply to employees who build cars or batteries or who install solar panels, and the number of hourly employees will increase, Mr. Musk said in… Continue reading Tesla to Cut 10% of Salaried Staff, Musk Tells Employees
Stellantis to Pay $300 Million to End an Emissions Case
The U.S. division of the carmaker Stellantis has agreed to plead guilty in federal court in Detroit to a conspiracy charge and to pay a $300 million penalty to resolve an investigation of the company’s attempts to evade diesel emission standards, the Justice Department said Friday. The company, which was formed when Fiat Chrysler and… Continue reading Stellantis to Pay $300 Million to End an Emissions Case
Ford Plans 6,000 New Union Jobs in Three Midwestern States
President Biden has backed substantial subsidies for electric vehicles, including vehicles made by unionized employees, but those measures have languished in the Senate and their prospects are uncertain. In the meantime, much of the job growth tied to electric vehicles has occurred at nonunion facilities owned by newer automakers like Tesla, Rivian and Lucid, or… Continue reading Ford Plans 6,000 New Union Jobs in Three Midwestern States
Judge John Hodgman on Driving Stick
Sarah writes: My husband and I will be traveling to Portugal in a month with our two kids. Renting an automatic-transmission car costs nearly two times the price of a manual! My husband thinks I should learn to drive stick. But is it worth the stress? (Note: My husband is blind, so he can’t do… Continue reading Judge John Hodgman on Driving Stick
G.M.’s Profits Fell 3% in the First Quarter
General Motors said on Tuesday that its profits dipped in the first three months of the year. But the company said it expected to grow rapidly as it started selling a wider range of electric cars and trucks. Although it has sold only a small number of electric vehicles this year, G.M. has several new… Continue reading G.M.’s Profits Fell 3% in the First Quarter
Stellantis and Samsung to Spend $2.5 Billion on an EV Battery Plant in Indiana
Stellantis — the company that owns Jeep and Ram — and Samsung plan to spend $2.5 billion to build a battery factory in Kokomo, Ind., that is expected to create 1,400 jobs. The joint venture is expected to start production by 2025 and is intended to supply battery packs for Jeeps, Ram trucks and other… Continue reading Stellantis and Samsung to Spend $2.5 Billion on an EV Battery Plant in Indiana
Interested in Solar Panels? Here Is Some Advice.
Thanks to technological and manufacturing advances, costs for solar panels have tumbled in the last decade, making solar energy more popular for homeowners. But figuring out how to add a solar energy system to your roof can be daunting. Workers installed a solar and battery system this winter at my home in a New York… Continue reading Interested in Solar Panels? Here Is Some Advice.
A Woman Alone in Oman: Three Weeks Along the Arabian Coast
I could barely tell where the salt ended and the sky began. I was on my way to Masirah, Oman’s largest island, when the surrounding terrain turned into a massive salt flat. At its edge, near the road, two Bangladeshi workers were up to their ankles in the mixture of liquid and minerals, pushing the… Continue reading A Woman Alone in Oman: Three Weeks Along the Arabian Coast