The electric vehicle revolution isn’t on its way. From where Kenny Anderson sits, it has already broken ground. “There’s no stopping it,” said Mr. Anderson, an advanced manufacturing operations lead at DPR Construction, a builder focused on factories like the mammoth battery plants powering this industrywide change. “Every couple of weeks, there’s a new multibillion-dollar… Continue reading Shift to Electric Cars Gives Design Centers a New Look, Too
Category: US Motoring Press
G.M.’s Profits Fell 18.5% in the First Quarter
General Motors on Tuesday reported an 18.5 percent drop in profits in the first quarter, mainly because of the cost of job cuts and slowing new-vehicle sales in China. The company also announced that it would build a fourth battery factory in the United States while retiring the electric car that accounts for most of… Continue reading G.M.’s Profits Fell 18.5% in the First Quarter
Canada Lands Volkswagen Battery Plant With Billions in Subsidies
Volkswagen’s first North American battery plant for electric vehicles will be built in Canada, and Prime Minister Justin Trudeau and other Canadian politicians made it clear on Friday that the country had effectively been in a bidding war with the United States. “We put up a lot of money,” Mr. Trudeau said at a news… Continue reading Canada Lands Volkswagen Battery Plant With Billions in Subsidies
Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’
Designed to accelerate the shift to electric cars among other climate goals, the Inflation Reduction Act has in practice made buying such vehicles a lot more complicated. In August, the law ruled out the full tax credit of $7,500 for electric vehicles and plug-in hybrids assembled outside North America. That may make it harder for… Continue reading Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’
Tesla’s Profit Dropped Sharply in First Quarter as It Cut Prices
Tesla’s profit fell sharply in the first three months of the year after it cut the prices of its electric vehicles, the company said on Wednesday. The carmaker, led by Elon Musk, said it had made $2.5 billion in the first quarter, a drop from $3.7 billion in the last three months of last year… Continue reading Tesla’s Profit Dropped Sharply in First Quarter as It Cut Prices
Ford’s EV charging deal with Tesla puts pressure on GM, other rival automakers
watch now DETROIT – A surprise deal between Ford Motor and Tesla on electric vehicle charging technology and infrastructure could put new pressure on other automakers’ EV strategies. The tie-up between the two rivals will give Ford owners access to more than 12,000 Tesla Superchargers across the U.S. and Canada, starting early next year. More… Continue reading Ford’s EV charging deal with Tesla puts pressure on GM, other rival automakers
Club name Ford teams up with Tesla, sending shares soaring
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Equities rise on hopes for debt deal Watch Ford Stick with Eli Lilly 1. Equities rise on hopes for debt deal Stocks rallied Friday morning, with the S & P… Continue reading Club name Ford teams up with Tesla, sending shares soaring
Europe’s economic engine is breaking down
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 Europe’s economic engine is breaking down
Locals fear Chinese battery plant will harm land in drought-stricken Hungary
Debrecen, Hungary — Just beyond the pastoral gardens and traditional homes of an eastern Hungarian village, a gigaproject of Chinese industry is taking shape. Bulldozers and excavators are already preparing the land for construction of a nearly 550-acre electric vehicle battery plant. The 7.3 billion euro ($7.9 billion) factory will be one of Hungary’s largest-ever… Continue reading Locals fear Chinese battery plant will harm land in drought-stricken Hungary
Ford EVs to get access to Tesla charging network, CEOs say
Two auto industry heavyweights and competitors are teaming up to expand access to electric-vehicle charging in North America. Ford Motor Co. CEO Jim Farley and Tesla Inc. CEO Elon Musk on Thursday announced that, starting next year, Ford’s EVs will gain access to Tesla’s proprietary Supercharger network. They shared the news during a live event… Continue reading Ford EVs to get access to Tesla charging network, CEOs say