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
Category: US Motoring Press
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
Toyota hints at hot GR Prius unveiling at Le Mans
Toyota’s Gazoo Racing performance division has hinted that it will reveal a high-performance model based on the Prius at the centenary running of the Le Mans 24 Hour race. Gazoo has said it will unveil a concept “equipped with vehicle technologies that have been developed through numerous challenges in motorsports participation” at the event. A… Continue reading Toyota hints at hot GR Prius unveiling at Le Mans
BMW to launch hands-off driving in UK next year
BMW will offer hands-free driving capability in the UK on a range of models from next year, the company has said. Drivers will be able to remove their hands from the steering wheel in all models of the new 5-series range including the electric i5, as well as in the BMW i7 large electric saloon… Continue reading BMW to launch hands-off driving in UK next year
Bentley appoints Volvo’s Robin Page as new design boss
Bentley has named Robin Page as its new head of design as Tobias Sühlmann prepares to leave the marque to pursue other opportunities. Page was most recently the head of global design and user experience (UX) at Volvo, where he was responsible for shaping the Swedish brand’s electric cars. He was head of interior design… Continue reading Bentley appoints Volvo’s Robin Page as new design boss
Harley-Davidson to launch X 440 in India on July 3
Hot on the heels of the Harley-Davidson X440’s partial reveal, we have now learned that the made-in-India bike will now be launched on July 3. This will be just a week after the Bajaj-Triumph bikes make their global debut. Harley-Davidson X 440 styling, engineThe X 440 will be the first product to emerge from Harley’s partnership with Hero MotoCorp and… Continue reading Harley-Davidson to launch X 440 in India on July 3