Cupra Tavascan revealed with 335bhp and 341-mile range

Cupra’s breakaway success from Seat looks to strengthen with the Tavascan coupe-SUV, its third bespoke offering and second all-electric model. Launched alongside the tagline “the brand’s dream comes true”, the SUV is only subtly distinguishable from the rather bold-looking concept that previewed its design in 2019, something the young Spanish brand is key to emphasise.… Continue reading Cupra Tavascan revealed with 335bhp and 341-mile range

Earth Day 2023 and each day is about saving Planet Earth

Today – April 22 – is Earth Day 2023 and the 53rd anniversary of Earth Day. Earth Day is now a global event each year, and over a billion people across 192 countries now take part in what is the largest civic-focused day of action in the world. It is a day of political action and… Continue reading Earth Day 2023 and each day is about saving Planet Earth

Fain calls for better battery plant wages, criticizes Stellantis CEO

New UAW President Shawn Fain, in a wide-ranging talk Friday, discussed the need to secure better wages at vehicle battery plants, a fractured relationship with one automaker in particular and the necessity for the union to be seen once again as a leader in the fight for worker benefits. He also committed to running for… Continue reading Fain calls for better battery plant wages, criticizes Stellantis CEO

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

Elon Musk had a rough week across his empire — Tesla, Twitter and SpaceX

Theo Wargo | Wireimage | Getty Images A rough week for Elon Musk was capped Friday when institutional shareholders in Tesla admonished the company’s board of directors to rein in an “over-committed” CEO in an open letter. The letter follows the midair explosion of the SpaceX Starship rocket in its first test flight Thursday and… Continue reading Elon Musk had a rough week across his empire — Tesla, Twitter and SpaceX

Lyft’s new CEO begins tenure with layoffs, reportedly cutting 1,200 jobs

A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Ride-sharing app Lyft will lay off a significant… Continue reading Lyft’s new CEO begins tenure with layoffs, reportedly cutting 1,200 jobs

Jim Cramer’s top 10 things to watch in the stock market Friday

1. Truist downgraded Tesla (TSLA) to hold from buy, while lowering its price target to $154 per share, from $245. The firm cited the electric vehicle maker’s “brazen willingness to accept lower product margins.” Meanwhile, Barclays lowered its price target on Tesla to $220 per share, from $230, but maintained an overweight rating on the… Continue reading Jim Cramer’s top 10 things to watch in the stock market Friday

Ford’s F-150 leaves tough choices for buyers seeking EV tax credits

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 Ford’s F-150 leaves tough choices for buyers seeking EV tax credits

Tesla’s struggle to lure buyers paints a grim economic picture

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 Tesla’s struggle to lure buyers paints a grim economic picture

After 4 price cuts, Tesla raises cost for older models

Detroit — After cutting U.S. vehicle prices four times this year, Tesla raised the cost overnight on its slow-selling more expensive models. The hike could be an effort to appease investors, who dumped shares of Tesla on Thursday after earnings and profit margins dropped due to previous price cuts. The Austin, Texas, company added $2,500 to all… Continue reading After 4 price cuts, Tesla raises cost for older models