The US Securities and Exchange Commission has responded to Elon Musk’s harassment allegations. In a letter it filed on Friday with a New York federal judge, the SEC said its frequent check-ins with Tesla were consistent with expectations from the court overseeing the company’s 2018 settlement. At the time, Tesla had agreed its lawyers would… Continue reading SEC responds to Elon Musk harassment allegations
Author: Engadget Online News
Lamborghini wants to continue manufacturing gas-powered cars into the 2030s
Lamborghini hopes it can continue producing cars with internal combustion engines into the next decade, CEO Stephan Winkelmann told German newspaper Welt am Sonntag this week. “After hybridization, we will wait to see whether it will be possible to offer vehicles with an internal combustion engine beyond 2030,” he said in an interview with the… Continue reading Lamborghini wants to continue manufacturing gas-powered cars into the 2030s
Formula E is a great cure for F1 withdrawal
Like millions of other people, I’ve been enthralled by Drive to Survive on Netflix which means I’m also newly obsessed with the world of Formula 1. I’m all in. I have the calendar reminders set. I watch all the practices if work permits. It has really become a thing, which means that since the season ended,… Continue reading Formula E is a great cure for F1 withdrawal
Ford limits production at North American plants due to chip shortages
Stop us if you’ve heard this one before, but a North American automaker is about to temporarily reduce its manufacturing output due to the ongoing global chip shortage. A Ford spokesperson told Reuters on Friday the automaker would cut or suspend production at eight of its factories across the US, Mexico and Canada. The shutdown… Continue reading Ford limits production at North American plants due to chip shortages
Ford starts 2022 with its highest EV sales numbers to date
If the bonkers preorder numbers for both the hybrid Maverick and the EV F-150 Lightning weren’t enough of an indication, Ford’s Q4 earnings results are plenty proof that the company’s electrification efforts are already paying dividends. “Financial performance is obviously critical,” President and CEO Jim Farley said in a release Thursday. “We’re also proud that… Continue reading Ford starts 2022 with its highest EV sales numbers to date
Kia’s EV6 is the new benchmark for affordable electric cars
We got our first good look at the EV6 last March and, nearly a year later, finally got to sit in it, drive it, and push every button in the cabin last week during a day-long press event in Northern California. It’s the first Kia vehicle to be produced under the company’s new Plan S… Continue reading Kia’s EV6 is the new benchmark for affordable electric cars
Over 80 percent of NFTs minted for free on OpenSea are fake or plagiarized
One of the largest online marketplaces for non-fungible tokens is once again the center of controversy. Mere months after one of its employees resigned for using insider information to profit on NFT drops, OpenSea caused a stir among its users this week when it abruptly announced it was putting a restriction on its free minting… Continue reading Over 80 percent of NFTs minted for free on OpenSea are fake or plagiarized
Tesla kept its record 2021 profits rolling right through Q4
Following a profitable — and, ahem, notable — 2021, Tesla remains at the forefront of EV production in America as we enter the new year. With deliveries up nearly 90 percent over 2020’s figures, Tesla achieved “the highest quarterly operating margin among all volume OEMs,” during that time frame, according to the company’s Q4 figures… Continue reading Tesla kept its record 2021 profits rolling right through Q4
Subaru unveils a 1,073HP electric race car
Subaru is still new to EVs, but that isn’t stopping it from unveiling more ambitious projects. Electrek reports the automaker has introduced two concept EVs at the Tokyo Auto Salon, including its first all-electric race car. The STI E-RA Concept hints at Subaru’s upcoming track vehicle with 1,073HP of total power from its four Yamaha… Continue reading Subaru unveils a 1,073HP electric race car
Ford’s e-scooter company Spin is leaving markets and laying off staff
Spin, the e-scooter-sharing startup Ford acquired back in 2018, is shifting its focus in its quest to profitability and is exiting nearly all open permit markets globally as a result. In a post by company CEO Ben Bear, he said Spin has started winding down its operations in a few markets in the US, as… Continue reading Ford’s e-scooter company Spin is leaving markets and laying off staff