HOUSTON — Shell said on Tuesday that it would begin selling electricity generated from renewable sources to residents and businesses in Texas, a move that brings the European oil company’s shift to green energy to the U.S. market. The announcement underscores a widening gulf between the strategies of European and U.S. oil companies as elected… Continue reading Shell, the Oil Giant, Will Sell Renewable Energy to Texans
Author: New York Times Online News
Mercedes-Benz Recalls Nearly 1 Million Vehicles Over Brake Issue
Mercedes-Benz is recalling nearly one million cars that were sold around the globe between 2004 and 2015 over concerns that the brakes could fail, the company said on Monday. The immediate recall affects the ML and GL series of sport utility vehicles, both of which are popular with drivers in the United States, as well… Continue reading Mercedes-Benz Recalls Nearly 1 Million Vehicles Over Brake Issue
Rivian shares surge after the E.V. maker affirms its 2022 production goal.
Amazon has ordered 100,000 delivery vans, but Rivian has been reluctant to say how many it has shipped. On Wednesday, it said only that it was “ramping production and deliveries.” On the call with analysts, Mr. Scaringe said he expected the vans to make up roughly a third of the 25,000 vehicles in the 2022… Continue reading Rivian shares surge after the E.V. maker affirms its 2022 production goal.
Lucid Motors sticks to its production target despite a slow quarter.
Lucid Motors, a maker of electric cars seen as a potential challenger to Tesla, said Thursday that it had delivered only a few hundred vehicles during the first three months of the year but maintained that it was still on track to sell at least 12,000 by the end of 2022. The company, led by… Continue reading Lucid Motors sticks to its production target despite a slow quarter.
Ford Lost $3.1 Billion in the First Quarter
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
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