Category: US Motoring Press

Hyundai targets 5,000 CNG car sales a month

Hyundai Motor India, like passenger vehicle market leader Maruti Suzuki India, is strongly bullish on increasing its sales of CNG-powered cars. Despite the recent retail price reduction in petrol and diesel following the Central excise duty cut and VAT by some States, CNG is still far cheaper and more affordable. At upwards of Rs 90… Continue reading Hyundai targets 5,000 CNG car sales a month

Workhorse Group Records a Big Loss on Electric Vans

Workhorse Group, a small producer of electric vans that has come under investigation by federal authorities, on Tuesday reported a loss of $81 million for the three months ending in September as a result of rising operating costs and a production stoppage related to a recall. The company also reported negative revenue of $576,600 because… Continue reading Workhorse Group Records a Big Loss on Electric Vans

EV maker Rivian is guiding IPO price above top of marketed range

Electric truck-maker Rivian Automotive Inc. is guiding potential investors that its initial public offering is likely to price above the top of its marketed range, according to people with knowledge of the matter. Rivian is offering 135 million shares for $72 to $74 each in its listing, which could be the seventh biggest U.S. IPO… Continue reading EV maker Rivian is guiding IPO price above top of marketed range

VW considers new electric car factory in Germany to counter Tesla

Volkswagen AG may build a new electric car factory near its global headquarters to make a new model code-named “Trinity” designed to close the technology gap to Tesla Inc. and challenge traditional rivals with highly automated driving features.  A new plant making about 250,000 cars annually close to the main factory in Wolfsburg would be… Continue reading VW considers new electric car factory in Germany to counter Tesla

Schaeffler to buy 100,000 tons of green steel each year from Swedish start-up

Schaeffler will source 100,000 tons of the steel, which is produced virtually CO2-free and with the use of hydrogen, from 2025. Automotive and industrial supplier Schaeffler has entered into an agreement with Swedish start-up company H2greensteel to purchase 100,000 tons of the virtually CO2-free steel, which is produced using hydrogen, on an annual basis with… Continue reading Schaeffler to buy 100,000 tons of green steel each year from Swedish start-up

Ford debuts ‘green bonds’ amid shift to electric vehicles

Ford Motor Co. for the first time is selling bonds aimed at benefiting the environment, part of the automaker’s transition to electric vehicles. The Dearborn-based company is marketing “green bonds” expected to mature in 10 years, according to a person with knowledge of the matter. Early pricing discussions anticipate a yield in the 3.625% area… Continue reading Ford debuts ‘green bonds’ amid shift to electric vehicles

Tech Talk: Ford’s latest brainwave could be mind control

The old expression ‘I would like to pick your brains for a minute’ could soon become literal as car manufacturers look for ways to read a driver’s mind. Ford recently announced a research programme in collaboration with Uniklinik RWTH in Aachen, Germany (which conveniently is also the location of Ford’s Aachen Research and Innovation Centre), to… Continue reading Tech Talk: Ford’s latest brainwave could be mind control

Williams Advanced Engineering and Castrol to co-develop EV fluids

L-R” Paul McNamara, Technical Director WAE and Rebecca Yates, VP (Advanced Mobility), Castrol Williams Advanced Engineering (WAE) and Castrol have entered into a five-year technical partnership to co-develop high performance Electric Vehicle (EV) Fluids. As part of the agreement, Castrol will become the official supplier of EV Thermal Fluids for WAE’s growing electrification programmes and… Continue reading Williams Advanced Engineering and Castrol to co-develop EV fluids

British EV start-up One Moto to launch 3 scooters in India

The fast-growing Indian electric two-wheeler market is drawing not just domestic start-ups but also firms based in developed markets. Among the latest to plug in to the Indian EV market is UK-based One Moto, which will launch three e-scooters – Commuta, Electa and Byka – at price starting at Rs 120,000 in January 2022. The… Continue reading British EV start-up One Moto to launch 3 scooters in India