Generous car retail businesses who promised to exceed the 80% salary funding cap of the Government’s Coronavirus Job Retention Scheme (CJRS) will face an increased financial burden if support is cut to 60%. The Chancellor of the Exchequer, Rishi Sunak, is expected to extend the CRJS scheme to September in a live press conference which is expected… Continue reading Car dealers’ lockdown financial burden may grow with furlough cuts
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Toyota warns of profit collapse as pandemic hits vehicle sales
Japanese carmaker vows to maintain pre-coronavirus levels of capital and research spending Go to Source
Urban Electric concludes successful trial of on-street pop-up charging stations
British charging startup Urban Electric Networks has completed a trial of its UEone prototype on-street pop-up charging hub, which was conducted in association with Oxford City Council. Urban Electric’s pop-up charging hubs were developed specifically to solve the problem of at-home charging for the 43% of UK households who have no assigned parking spaces, and… Continue reading Urban Electric concludes successful trial of on-street pop-up charging stations
Honda posts 13% drop in annual operating profit
FILE PHOTO: The logo of Honda is seen during the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6, 2018. REUTERS/Pierre Albouy TOKYO (Reuters) – Honda Motor Co (7267.T) on Tuesday posted an 13% decline in annual operating profit as the coronavirus pandemic started to take its toll on global car demand. Operating… Continue reading Honda posts 13% drop in annual operating profit
Elon Musk Defies Lockdown Orders and Reopens Tesla’s Factory
Alameda County has reported 2,101 cases of Covid-19 and 71 deaths. But factory workers travel to the Fremont facility from as far away as Stockton, 60 miles away to the northeast, on a network of shuttle buses. Tesla on Saturday published a plan to reopen the factory safely, including procedures for increased cleaning and shift… Continue reading Elon Musk Defies Lockdown Orders and Reopens Tesla’s Factory
Elon Musk just put a new person in charge of production at Tesla’s Fremont factory
On the same day that Elon Musk defied local regulations and reopened Tesla’s factory in Fremont, California, the CEO put a new person in charge of production. Musk named Richard Miller, who was director of paint operations at Tesla, to head of production at the factory, according to an internal email sent to employees Monday… Continue reading Elon Musk just put a new person in charge of production at Tesla’s Fremont factory
CATL CEO: Musk Told Me That Tesla Wants To Make Its Own Batteries
Today we saw several interesting tweets that shed new light on the Contemporary Amperex Technology Co. Limited (CATL) and Tesla partnership in China. According to the Chinese media (via Moneyball), CATL CEO Zhou Jia said that Tesla intends to produce its own batteries (no surprise here as they acquired Maxwell for a reason), but “their… Continue reading CATL CEO: Musk Told Me That Tesla Wants To Make Its Own Batteries
Weltmeister Presents Maven, A Concept Car With 497 Miles Of Range
There is probably no car company name that is more self-confident than Weltmeister. When we wrote about it back in 2016, we said Weltmeister meant “World Champion,” but another possible translation is “master of the world.” We have no idea if its latest concept car, the Maven, could rule or teach anyone anything in the… Continue reading Weltmeister Presents Maven, A Concept Car With 497 Miles Of Range
Car rental firm Hertz raises going concern doubts as debt default looms
FILE PHOTO: The logo of the American car rental company Hertz is seen at the Nantes-Atlantique airport in Bouguenais near Nantes, western France, April 7, 2016. REUTERS/Stephane Mahe (Reuters) – Hertz Global Holdings Inc (HTZ.N) on Monday raised going concern doubts as the car rental company tries to cut costs and avoid debt default amid… Continue reading Car rental firm Hertz raises going concern doubts as debt default looms
Big Rigs Begin to Trade Diesel for Electric Motors
CHINO, Calif. — The turning radius took some getting used to. So did the gigantic steering wheel. But the electric version of the Freightliner Cascadia big rig was otherwise easy to drive, as I navigated the warehouse parking lot, dodging delivery trucks for Amazon and J.B. Hunt. Being 80 feet long, it didn’t quite offer… Continue reading Big Rigs Begin to Trade Diesel for Electric Motors