Max Verstappen barely had time to enjoy winning a second Formula 1 title when he was asked about the possibility of adding a third in 2023. With new aerodynamic regulations this year, Verstappen has dominated, winning 12 of 18 Grands Prix to become the second-youngest driver in Formula 1 history to attain two championships at… Continue reading Max Verstappen Is the F1 Champion. So, What About Next Year?
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Rivian and Mercedes ‘pause’ plans to produce electric commercial van
Rivian and Mercedes-Benz have paused plans to produce electric commercial vans in Europe just three months after the two automakers announced the partnership. Rivian shares fell as much as 3.4% before rebounding slightly. Rivian shares are trading at $26.62, down 2.46% since the market opened. Mathias Geisen, head of Mercedes-Benz Vans, said the collaboration with… Continue reading Rivian and Mercedes ‘pause’ plans to produce electric commercial van
Toyota seeks suppliers to support new strategy to better compete with EV leaders
After seeing the success and demand automakers like Tesla and BYD are having with electric vehicles, Toyota is reportedly looking to grab its share. Toyota is set to make significant adjustments to its EV strategy in its upcoming meeting with suppliers next year. Anyone following the auto industry’s transition to electric vehicles by now knows… Continue reading Toyota seeks suppliers to support new strategy to better compete with EV leaders
GM’s new EV sedan concept could be a potential electric Chevy Malibu replacement
Is an electric Malibu in the works from Chevrolet? A new EV sedan concept from GM could give us a glimpse into what an electric Chevy Malibu may look like or the electric sedan slated to replace it. The new Chevy electric sedan that could replace the Malibu General Motors revealed a new Chevy EV… Continue reading GM’s new EV sedan concept could be a potential electric Chevy Malibu replacement
Biden gives GM and LG a $2.5B loan to build 3 battery factories in 3 states
The Biden administration today announced that it’s closed a $2.5 billion loan for Ultium Cells, a joint venture between GM and South Korean battery maker LG Energy Solution. The loan will go toward financing the construction of new lithium-ion battery cell factories in Ohio, Tennessee, and Michigan. Ultium Cells will manage battery cell production at… Continue reading Biden gives GM and LG a $2.5B loan to build 3 battery factories in 3 states
Tesla is ordered to upgrade self-driving computer for free over ‘false advertising’
A judge has ordered Tesla to upgrade a customer’s self-driving computer for free in order to subscribe to Tesla’s Full Self-Driving program. It’s a victory for customers frustrated with Tesla’s approach to selling self-driving to customers before achieving the capacity. Since 2016, Tesla has claimed that all its vehicles produced going forward have “all the… Continue reading Tesla is ordered to upgrade self-driving computer for free over ‘false advertising’
Tesla is becoming a partisan brand, says survey
Tesla is becoming a partisan brand – losing the support of Democrats and gaining support from Republicans, according to a survey. Leaders of large companies selling consumer products, like automakers and tech companies, generally refrain from showing direct support to any political party, especially in the US. Due to the polarizing nature of politics in… Continue reading Tesla is becoming a partisan brand, says survey
Tesla to create ‘statewide market design pilot’ virtual power plant in Texas
Tesla has been approved to create a “statewide market design pilot” for a virtual power plant (VPP) in Texas. The company will be able to band its Powerwall customers together to deliver grid services in the state and get them compensated for it. Tesla virtual power plant We have seen Tesla putting a lot of… Continue reading Tesla to create ‘statewide market design pilot’ virtual power plant in Texas
Elon Musk is no longer the richest person in the world
SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Blake | Reuters Tesla CEO Elon Musk is no longer the richest person in the world. He ceded that title to LVMH chairman… Continue reading Elon Musk is no longer the richest person in the world
Rivian pauses plans to make electric vans in Europe with Mercedes-Benz
An Amazon Rivian electric delivery van at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Rivian said Monday it was pausing plans to manufacture electric commercial vans in Europe and would “no longer pursue” the agreement it made with Mercedes-Benz just three… Continue reading Rivian pauses plans to make electric vans in Europe with Mercedes-Benz