The electric vehicle revolution isn’t on its way. From where Kenny Anderson sits, it has already broken ground. “There’s no stopping it,” said Mr. Anderson, an advanced manufacturing operations lead at DPR Construction, a builder focused on factories like the mammoth battery plants powering this industrywide change. “Every couple of weeks, there’s a new multibillion-dollar… Continue reading Shift to Electric Cars Gives Design Centers a New Look, Too
Author: New York Times Online News
G.M.’s Profits Fell 18.5% in the First Quarter
General Motors on Tuesday reported an 18.5 percent drop in profits in the first quarter, mainly because of the cost of job cuts and slowing new-vehicle sales in China. The company also announced that it would build a fourth battery factory in the United States while retiring the electric car that accounts for most of… Continue reading G.M.’s Profits Fell 18.5% in the First Quarter
Canada Lands Volkswagen Battery Plant With Billions in Subsidies
Volkswagen’s first North American battery plant for electric vehicles will be built in Canada, and Prime Minister Justin Trudeau and other Canadian politicians made it clear on Friday that the country had effectively been in a bidding war with the United States. “We put up a lot of money,” Mr. Trudeau said at a news… Continue reading Canada Lands Volkswagen Battery Plant With Billions in Subsidies
G.M. and Stellantis Paid $364 Million in Fuel Economy Fines
General Motors and Stellantis paid a combined $363.8 million in penalties for failing to meet federal fuel-economy standards for cars and trucks they produced in previous years, according to federal government documents posted on Friday. G.M. paid $128.2 million for failing to meet the targets with the light trucks it sold in 2018 and 2019,… Continue reading G.M. and Stellantis Paid $364 Million in Fuel Economy Fines
Formula 1 Finds a New Way to Advertise on Its Cars
When a way to display digital advertising on racecars was pitched to McLaren, team officials were concerned it was just a gimmick. Brand logos are already on cars, but this new method allows teams to show additional ads because they appear on panels mounted on the side of the cockpit and are visible to home… Continue reading Formula 1 Finds a New Way to Advertise on Its Cars
A Stunning Comeback for Fernando Alonso in Formula 1
In 2018, after 17 seasons of dedicating his life to Formula 1, Fernando Alonso had enough. With two world titles and 32 Grand Prix victories, he walked away, albeit unfulfilled. It had been 12 years since he was crowned champion and five since he had won a race. “When I finished, it was on a… Continue reading A Stunning Comeback for Fernando Alonso in Formula 1
It’s Been a Red Bull Season
Formula 1 has become the Red Bull roadshow. It has won all five Grands Prix this season, four of them one-two finishes, and has amassed 224 points from a possible 235. “That race pace advantage, I think, is quite big at the moment,” said the reigning champion Max Verstappen of Red Bull, after winning the… Continue reading It’s Been a Red Bull Season
United Auto Workers Hold Off on Backing Biden, for Now
The United Auto Workers, a politically potent labor union, is planning to withhold its endorsement of President Biden in the early stages of the 2024 race, according to an internal memo from its president to members on Tuesday. The memo, written by Shawn Fain, the Detroit-based union’s president, said the leadership of the United Auto… Continue reading United Auto Workers Hold Off on Backing Biden, for Now
Ford Reports $1.8 Billion Profit in Quarter
Ford Motor reported a solid profit in the first quarter, although the automaker indicated that its turnaround was not complete and that it had a ways to go before it starts making money on electric vehicles. On Tuesday, the company said it made $1.8 billion in profit in the first three months of 2023 as… Continue reading Ford Reports $1.8 Billion Profit in Quarter
Shift to Electric Cars Gives Design Centers a New Look, Too
The electric vehicle revolution isn’t on its way. From where Kenny Anderson sits, it has already broken ground. “There’s no stopping it,” said Mr. Anderson, an advanced manufacturing operations lead at DPR Construction, a builder focused on factories like the mammoth battery plants powering this industrywide change. “Every couple of weeks, there’s a new multibillion-dollar… Continue reading Shift to Electric Cars Gives Design Centers a New Look, Too