Category: News Site

Ford posts profit, but expects full-year 2020 loss

(Reuters) – Ford Motor Co (F.N) on Thursday said it expects a full-year loss but added it should have ample cash on hand throughout the rest of 2020, even if global demand falls further or the COVID-19 pandemic forces more shutdowns of vehicle assembly plants. FILE PHOTO: The Ford logo is seen at the North… Continue reading Ford posts profit, but expects full-year 2020 loss

Tesla batteries to get 20% energy density increase –Panasonic

Panasonic says that Tesla’s ‘2170’ batteries produced at Gigafactory Nevada are going to get a 20% increase in energy density over the next five years, which could result in significant performance improvements. Tesla has been partnering with Panasonic to produce a new 2170-format battery cell at Gigafactory Nevada. Panasonic produces the battery cells, but Tesla… Continue reading Tesla batteries to get 20% energy density increase –Panasonic

Ford lost $1.9 billion in second quarter, but that’s far better than expected

Dearborn — Ford Motor Co. took a $1.9 billion hit to its pretax earnings for the second quarter during the second quarter — but that’s far better than $5 billion the automaker had warned it might lose. Ford said it burned through $5.3 billion in the second quarter amid the coronavirus pandemic that kept plants closed. The Blue Oval’s… Continue reading Ford lost $1.9 billion in second quarter, but that’s far better than expected

Odd couple: Audi S5 Sportback vs. Dodge Charger Scat Pack Plus

Autoplay Show Thumbnails Show Captions Last SlideNext Slide My comparison cars this week have much in common. They are muscle models from notable performance brands. They bear fresh, head-swiveling colors: one District Green, the other Sinamon Stick red. Both have elegant “T” shifters, sculpted 20-inch wheels, elevated sticker prices and multiple words in their badges. Yet… Continue reading Odd couple: Audi S5 Sportback vs. Dodge Charger Scat Pack Plus

Howes: GM demonstrates resilience amid COVID-19 pandemic, but shares slip

That could have been worse. After missing eight of 13 second-quarter weeks of North American production because of the coronavirus shutdown, General Motors Co. posted a loss of less than $800 million for the three-month period, rescinded most of its salary cuts and signaled that the second half of the year could prove surprisingly resilient.… Continue reading Howes: GM demonstrates resilience amid COVID-19 pandemic, but shares slip

Dealers are “optimistic” of a long-term recovery for motor retail sector

Car dealers are optimistic about the future of the motor retail sector, with 71% of dealers feel confident in the longer-term recovery. According to research from the Britain Under the Bonnet report, from Close Brothers Motor Finance,  at the beginning of 2020, 98% of car dealers were confident about business prospects for the year ahead, with… Continue reading Dealers are “optimistic” of a long-term recovery for motor retail sector

Lyft partners with rental group Sixt to target carless city dwellers

(Reuters) – Lyft Inc said on Thursday it has partnered with the U.S. unit of German rental car group Sixt SE to expand its in-app rental business to carless city dwellers eager to take a trip. The stock price of Lyft Inc. is seen on a display after the company’s IPO at the Nasdaq Market… Continue reading Lyft partners with rental group Sixt to target carless city dwellers

Nissan launches pilot in Australia, will offer V2G to customers this year

A major government trial of vehicle-to-grid (V2G) technology in Australia will demonstrate the Nissan LEAF’s ability to supply energy to a home or commercial site, or to feed power back to the grid, thanks to its built-in bidirectional charging capability. The Realising Electric Vehicle Services (REVS) project is a precursor to the customer launch of… Continue reading Nissan launches pilot in Australia, will offer V2G to customers this year

Whatever Your Budget, Now You Can Own a Historic Piece of the Manhattan Project

Over the last few years, the folks at Mini Museum have been providing regular everyday people with incredible opportunities to own priceless scientific and historical artifacts. To date, they’ve shipped almost 1,000,000 specimens encompassing more than 150 different subjects, spanning billions of years of history, to more than 40,000 customers in 120 different countries. But… Continue reading Whatever Your Budget, Now You Can Own a Historic Piece of the Manhattan Project