Last Wednesday, during Tesla’s earnings call, we learned that CEO Elon Musk planned to restructure the company and to cut the number of contractors used at Tesla’s factories. That day came suddenly this morning. Electrek reported this morning that it had obtained an internal memo from Musk noting that contractors’ time was up, and that… Continue reading Tesla reportedly locks out contractors in midst of Model 3 ramp up
Tag: Electric vehicles
Car industry on alert over reports some hybrids face a ban
The UK’s car industry has hit out at the government over unconfirmed reports ministers will target hybrid vehicles as part of a new emissions crackdown. New cars unable to do at least 50 miles on electric power may be banned by 2040, a ruling that would hit the UK’s best-selling hybrid, Toyota’s Prius. The SMMT… Continue reading Car industry on alert over reports some hybrids face a ban
Terra Motors raises USD 10 million to expand in markets like India, Bangladesh
An e-rickshaw from Terra Motors Japan-based Terra Motors, an electric vehicle start-up company announced today that it has secured $10 million (Rs 67 crores) from foreign investors including Fenox Venture capital (US) and other Japanese bank affiliated venture capital investors to accelerate their global expansion. Terra Motors, with a portfolio of electric two and three… Continue reading Terra Motors raises USD 10 million to expand in markets like India, Bangladesh
BRIEF-Tesla Says We Continually Evaluate Capital Expenditure Needs & May Raise Additional Capital To Fund Growth Of Business
May 7 (Reuters) – Tesla Inc: * TESLA, GIVING NO TIMEFRAME, SAYS WE CONTINUALLY EVALUATE CAPITAL EXPENDITURE NEEDS & MAY RAISE ADDITIONAL CAPITAL TO FUND GROWTH OF BUSINESS – SEC FILING Source text: [bit.ly/2FRNCLs] Further company coverage: Our Standards:The Thomson Reuters Trust Principles. Go to Source
Automobili Pininfarina Will Deliver an Electric Hypercar in 2020
The famous Italian styling house won’t just design cars for others any more—it’ll make them itself. @MAROCCIAPHOTO Pininfarina has decades of esteemed automotive design under its belt. Its current Indian ownership, Mahindra & Mahindra concluded that it was time for Pininfarina to graduate from design alone, and begin selling cars under its own name. On… Continue reading Automobili Pininfarina Will Deliver an Electric Hypercar in 2020
Terra Motors raises 10 million dollar fund to expand in Asian market
New Delhi: Japan-based Terra Motors an electric vehicle start-up company on Monday announced that it has secured $10 million from foreign investors including Fenox Venture capital (US) which is one of the famous Silicon Valley based venture capital, and other Japanese bank affiliated venture capital investors to accelerate their global expansion. Commenting on global expansion… Continue reading Terra Motors raises 10 million dollar fund to expand in Asian market
Top Automotive Industry News for Week of April 30 – May 6, 2018
Here is the most important news associated with the automotive industry identified by the AEA for the week April 30, 2018 – May 6, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- All new cars and SUVs sold in the US must now… Continue reading Top Automotive Industry News for Week of April 30 – May 6, 2018
BMW And Sila Nano Partner On Silicon-Dominant Anode Materials
6 M BY MARK KANE BMW is going to work on new battery materials for next-generation batteries with California-based Sila Nanotechnologies, founded in 2011. BMW iVision Dynamics Sila Nanotechnologies developed a family of silicon-dominant anode materials that replace conventional graphite electrodes to increase cell capacity. The new anode materials works with the the existing battery… Continue reading BMW And Sila Nano Partner On Silicon-Dominant Anode Materials
Kia unveils production Niro EV crossover with 280-mile range
Kia When Kia unveiled the Niro EV at CES, it prompted one main question: how much would the electric crossover change between its flashy concept and the on-the-road car? We now have a better idea. Kia has unveiled the first details of the production Niro EV, and it’s toned down in most respects… aside from… Continue reading Kia unveils production Niro EV crossover with 280-mile range
Pininfarina: why the design house is making an electric supercar
At Palazzo Barberini in the heart of Rome earlier this month, a handful of billionaires, multimillionaires and, tagging along some distance behind, representatives of the world’s automotive press had their first look at a new £1.7 million hypercar. In the imposingly grand surroundings of the 17th-century palace, now repurposed as a fine art gallery, those… Continue reading Pininfarina: why the design house is making an electric supercar