This image, from September 2021, shows a BMW iX5 Hydrogen in Munich, Germany. Krisztian Bocsi | Bloomberg | Getty Images The BMW Group on Monday launched a pilot fleet of hydrogen vehicles, with the German automotive giant’s CEO referring to hydrogen as “the missing piece in the jigsaw when it comes to emission-free mobility.” The… Continue reading BMW launches demonstration fleet of hydrogen cars that use fuel cells from Toyota
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EVs are billed as the future. But a potential skills gap is sparking concerns about cost and safety
A mechanic working on an electric car at a garage in Carquefou, France, in November 2022. The EU is looking to increase the number of EVs on its roads in the coming years. Loic Venance | AFP | Getty Images From seatbelts to airbags and radios to parking sensors, today’s cars are packed with innovations… Continue reading EVs are billed as the future. But a potential skills gap is sparking concerns about cost and safety
Elon Musk calls U.S. media and schools ‘racist against whites and Asians’
Tesla Chief Executive Office Elon Musk speaks at his company’s factory in Fremont, California. Noah Berger | Reuters Elon Musk, the CEO of SpaceX, Tesla and Twitter, accused “the media” and “elite colleges and high schools” of being “racist” against white and Asian people, espousing his views without providing evidence on Sunday. Musk posted his… Continue reading Elon Musk calls U.S. media and schools ‘racist against whites and Asians’
Cars leased in 2020 are worth an average $4,000 more than expected. These models have fared the best
Newsday Llc | Newsday | Getty Images 3.3 million cars were leased in 2020 An estimated 3.3 million leases were originated in 2020, according to Edmunds. That’s 18% lower than in 2019, before the pandemic upended auto sales. And with few discounts being offered by manufacturers on new cars — whether you buy or lease… Continue reading Cars leased in 2020 are worth an average $4,000 more than expected. These models have fared the best
Luxury EV maker Lucid appears to have a demand problem
People test drive Dream Edition P and Dream Edition R electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters Luxury electric vehicle maker Lucid appears to have a demand problem. The company said during its fourth-quarter earnings report Wednesday that it had “over 28,000” reservations for… Continue reading Luxury EV maker Lucid appears to have a demand problem
Ford suspends electric F-150 Lightning production for another week following battery fire
Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Bill Pugliano | Getty Images News | Getty Images DETROIT… Continue reading Ford suspends electric F-150 Lightning production for another week following battery fire
SEC rebuffs Elon Musk’s attempt to get out of ‘funding secured’ settlement
Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, US, on Tuesday, Jan. 24, 2023. Marlena Sloss | Bloomberg | Getty Images The SEC argued in a letter to the U.S. Court of Appeals for the Second Circuit in New York this week that Tesla CEO Elon Musk still needs… Continue reading SEC rebuffs Elon Musk’s attempt to get out of ‘funding secured’ settlement
Lordstown halts production, shipments of Endurance electric trucks to address quality issues
Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Lordstown Motors said Thursday it will suspend production and deliveries of its all-electric Endurance pickup to address performance and quality issues with certain components. The electric vehicle… Continue reading Lordstown halts production, shipments of Endurance electric trucks to address quality issues
Nikola’s fourth-quarter revenue falls short as it delivers just 20 trucks
Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said Thursday it produced 133 battery-electric trucks in the fourth quarter, but delivered just 20 to dealers, generating revenue that fell well short of Wall Street’s expectations. Nikola said it made a series of changes to its battery-electric truck during the quarter in response… Continue reading Nikola’s fourth-quarter revenue falls short as it delivers just 20 trucks
Lucid’s revenue falls short of estimates as it guides to higher EV production in 2023
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle maker Lucid on Wednesday reported fourth-quarter revenue that fell short of expectations after building just 7,000 of its Air luxury sedans last year amid manufacturing challenges.… Continue reading Lucid’s revenue falls short of estimates as it guides to higher EV production in 2023