Tesla on Wednesday reported a big jump in its quarterly profit as sales of its electric cars soared in the three months that ended in September. The electric carmaker said it made $3.3 billion in the third quarter, up from $1.6 billion in the same period a year earlier and nearly matching the record profit… Continue reading Tesla Reports Strong Profit in Third Quarter on Soaring Sales
Category: US Motoring Press
E.V. Bonanza Flows to Red States That Denounce Biden Climate Policies
Democrats pushed through climate change legislation this year that earmarked tens of billions of dollars to create a U.S. supply chain for electric vehicles. Republicans and the states they represent are poised to cash in on much of the political and economic windfall. For Republican members of Congress, none of whom voted for the climate… Continue reading E.V. Bonanza Flows to Red States That Denounce Biden Climate Policies
Ford CEO surprised by F-150 Lightning backup power popularity. It’s a game changer
Ford CEO Jim Farley told Jim Cramer that the F-150 Lightning’s abilities as a source of backup power for homes and job sites have been a real “eye-opener” for the automaker. Farley was responding to an inquiry from the Club after Jefferies earlier this week downgraded generator mainstay Generac on the thought that electric vehicles… Continue reading Ford CEO surprised by F-150 Lightning backup power popularity. It’s a game changer
Tesla’s chief designer for the Cybertruck on working with Elon Musk and how his favorite design is one he can’t talk about yet
Franz von Holzhausen has been Tesla‘s chief designer since 2008. CNBC got a rare interview with him at the Petersen Automotive Museum in Los Angeles, which recently opened a new Tesla exhibit. Von Holzhausen was a lead designer on the Tesla Model S, Model 3, Model X and Model Y as well as the Cybertruck,… Continue reading Tesla’s chief designer for the Cybertruck on working with Elon Musk and how his favorite design is one he can’t talk about yet
Tesla recalls 435,000 cars in China over rear light issue and will issue software update
A Tesla store is seen in Shanghai, China, Feb 1, 2022. Costfoto | Future Publishing | Getty Images Tesla plans to recall more than 435,000 cars in China and issue software updates to fix a rear light issue, the Chinese market regulator said Thursday. A total of 142,277 Model 3 sedans and 292,855 Model Y… Continue reading Tesla recalls 435,000 cars in China over rear light issue and will issue software update
Volkswagen begins search for battery plant site in Canada
This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Volkswagen begins search for battery plant site in Canada
Toyota to roll out three-row Grand Highlander in 2023
Toyota Motor Corp. is expanding its Highlander nameplate in 2023 with the all-new three-row Toyota Grand Highlander. The automaker will reveal the Grand Highlander just before the Chicago Auto Show on Feb. 8, 2023. The Highlander nameplate was first introduced in 2001 and has been a top-selling vehicle for Toyota. Go to Source
Challengers notch wins over incumbents in UAW election of top leaders
Candidates who challenged incumbent United Auto Workers leaders in the union’s first-ever direct election of top officials scored some significant victories as vote tabulation continued Thursday. The election will determine who serves on the UAW’s International Executive Board, made up of 14 members: president, secretary-treasurer, three vice presidents and nine regional directors. The election pitted… Continue reading Challengers notch wins over incumbents in UAW election of top leaders
Biden proposes overhaul of biofuel law to boost EV makers
This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Biden proposes overhaul of biofuel law to boost EV makers
Macron blasts EV subsidies law before White House dinner
Emmanuel Macron took aim at a new U.S. law that he says unfairly subsidizes North American electric-vehicle production, threatening to overshadow the French president’s trip to Washington. The Inflation Reduction Act and a separate law meant to incentivize semiconductor production “are very good for the U.S. economy, but they weren’t properly coordinated with European economies,”… Continue reading Macron blasts EV subsidies law before White House dinner