Tesla shares fall nearly 10% after earnings decline from year-ago quarter

Tesla CEO Elon Musk attends the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. The new plant, officially called the Gigafactory Berlin-Brandenburg, is producing the Model Y as well as electric car batteries. Christian Marquardt – Pool/Getty Images Shares of electric vehicle manufacturer Tesla fell nearly… Continue reading Tesla shares fall nearly 10% after earnings decline from year-ago quarter

Ford F-150 Lightning fire footage highlights a growing EV risk

watch now DEARBORN, Mich. — New video footage of a fire involving a Ford F-150 Lightning this year highlights a growing concern around electric vehicles: volatile fires from the batteries that power them. The previously unreleased footage, which CNBC obtained through Michigan’s Freedom of Information Act from the Dearborn Police Department, shows smoke billowing from… Continue reading Ford F-150 Lightning fire footage highlights a growing EV risk

Toyota reveals two more electric cars for China

Toyota displays a new concept electric car — developed jointly with BYD and FAW — at the Shanghai auto show in April 2023. CNBC | Evelyn Cheng BEIJING — Toyota this week began taking orders for its first electric sedan in China, and announced two more models are set to come to the local market… Continue reading Toyota reveals two more electric cars for China

Driving Toward a Safer Future: NVIDIA Achieves Safety Milestones With DRIVE Hyperion Autonomous Vehicle Platform

More than 50 automotive companies around the world have deployed over 800 autonomous test vehicles powered by the NVIDIA DRIVE Hyperion automotive compute architecture, which has recently achieved new safety milestones. The latest NVIDIA DRIVE Hyperion architecture is based on the DRIVE Orin system-on-a-chip (SoC). Many NVIDIA DRIVE processes, as well as hardware and software… Continue reading Driving Toward a Safer Future: NVIDIA Achieves Safety Milestones With DRIVE Hyperion Autonomous Vehicle Platform

NVIDIA Announces Partners of the Year in Europe, Middle East

NVIDIA today recognized a dozen partners for their work helping customers in Europe, the Middle East and Africa harness the power of AI across industries. At a virtual EMEA Partner Day event, which was hosted by the NVIDIA Partner Network (NPN) and drew more than 750 registrants, Partner of the Year awards were given to… Continue reading NVIDIA Announces Partners of the Year in Europe, Middle East

Traffic deaths down slightly in 2022 but still a ‘crisis’

Detroit — The number of people killed on U.S. roadways decreased slightly last year, but government officials said the 42,795 people who died is still a national crisis. Estimates by the National Highway Traffic Safety Administration showed that the number of fatalities dropped 0.3% from the 42,939 killed in 2021. Traffic deaths declined slightly in… Continue reading Traffic deaths down slightly in 2022 but still a ‘crisis’

Michigan lawmakers sign off on $175 million for Gotion development

Lansing — A single vote made the difference Thursday and provided Michigan lawmakers’ final approval of $175 million in incentives for Gotion Inc.’s much-debated electric vehicle battery plant near Big Rapids. The Senate Appropriations Committee voted 10-9 to approve the transfer of state tax dollars, allowing state officials to move forward with spending the money… Continue reading Michigan lawmakers sign off on $175 million for Gotion development

Canada matched Biden subsidies to win Volkswagen battery plant

This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading Canada matched Biden subsidies to win Volkswagen battery plant