Tesla has reached a deal with the Shanghai government to build a factory capable of producing 500,000 electric vehicles a year. The factory would be the automaker’s second assembly plant and aimed at serving the alluring Chinese market. Tesla and the Shanghai Municipal People’s Government announced Tuesday they had signed the cooperative agreement. Tesla announced… Continue reading Tesla reaches deal to build electric vehicle factory in China
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SpotHero introduces 500 autonomous car-ready garages in Chicago
Conventional cars drive the bulk of Chicago-based SpotHero‘s business, but the parking inventory and booking startup is setting its sights on a driverless future. Today, it announced that more than 500 of its connected parking garages in Chicago have been adapted to accommodate autonomous cars, trucks, and SUVs. “Significant strides in both vehicle and parking technologies… Continue reading SpotHero introduces 500 autonomous car-ready garages in Chicago
VW names Sedran as head of commercial vehicles
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) has named Thomas Sedran to lead its commercial vehicles division, VW said on Tuesday, confirming media reports. FILE PHOTO: Mechanic staff work on the production line of Volkswagen e-Golf in the Glaeserne Manufaktur plant in Dresden, Germany May 8, 2018. REUTERS/Matthias Rietschel/File Photo Currently VW’s head of strategy, Sedran will… Continue reading VW names Sedran as head of commercial vehicles
Ford’s European boss takes a jab at Tesla
Alex Kraus | Bloomberg | Getty Images Steven Armstrong, Ford Motor Co. Adding more fuel to the growing feud between Ford and Tesla, a Ford executive had a snappy rejoinder ready for Elon Musk when the Tesla CEO tweeted on Sunday that the company hit its production goals.
Apps like Uber and Lyft could improve public transportation instead of undercutting it
The number of innovative transit partnerships is growing rapidly, but the jury is still out on what types of partnerships can yield win-wins for communities, companies and transit agencies. An overarching goal should be to increase mobility – that is, passenger miles traveled – while reducing vehicle miles traveled. This will only happen if ride-hailing… Continue reading Apps like Uber and Lyft could improve public transportation
instead of undercutting it
BMW warns about job losses in the US
Saturday, 06/30/2018 20:12 clock BMW has warned against possible cuts in investment and job losses in the US, should the American government Import duties on foreign cars rise. Customs would neither strengthen US growth nor competitiveness, the corporation wrote in a letter to Secretary of Commerce Wilbur Ross. Any US tariffs are expected to be… Continue reading BMW warns about job losses in the US
Uber and Lyft may be vying to acquire bus startup
This story was delivered to Business Insider Intelligence Transportation & Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Uber and Lyft are reportedly interested in acquiring Skedaddle, the crowdsourced bus startup, according to TechCrunch. Skedaddle, which was founded in 2015, enables individuals to charter… Continue reading Uber and Lyft may be vying to acquire bus startup
Chevrolet Increases Bolt Production By More Than 20 Percent
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Chevrolet Increases Bolt Production By More Than 20 Percent
8 Jul 2018, 15:14 UTC · by Mircea Panait
/ Home / News / Industry
Ever since it went on sale for the 2017 model year, the Bolt had a problem. No, it’s not that fast-charging is too expensive even for an optional extra or the lack of adaptive cruise control, but demand continues to outpace supply. In the wake of Tesla’s success with the Model 3, General Motors decided to reply with a production increase of “more than 20 percent” for the electric hatchback.
26 photosEven though the production ramp-up will take effect in the fourth quarter of the year, that’s great news considering what General Motors plan for the near- to mid-future. More to the point, the automaker will bring 20 electric vehicles to market by 2023, expecting demand for this means of propulsion to grow like crazy by then.
To date, the biggest demand for the Bolt came from the United States, Canada, and South Korea. Over in Europe, General Motors told Opel and Vauxhall dealers to stop selling the Ampera-e (badge-engineered version of the Bolt) as much as possible despite thousands of orders from EV-friendly markets such as Norway.
From January 2018 through the end of June, the Bolt racked up no less than 7,858 firm orders. That’s 3.5 percent more than the first half of 2017, and by comparison, the Leaf managed 6,659 sales around here for Nissan in the same period.
Manufactured in Lake Orion, Michigan since October 2016, the Bolt starts at $37,495. That translates to $29,995 if you include the federal tax credit, the subcompact-sized model is described by its maker as “the first affordable all-electric car to offer an EPA-estimated 238 miles of range on a single charge.”
The Model 3 with the Standard Battery (50 kWh instead of 60 kWh for the Bolt), by comparison, starts at $35,000 ($27,500 with the federal tax credit), is larger and roomier, but the added heft takes its toll on range. According to Tesla, the EPA-rated range for the entry-level drivetrain option of the Model 3 sits at 220 miles.
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Tariffs create uncertainty in the automotive industry, says former Toyota exec
The Trump administration’s tariffs might hurt the car and truck industry more than help, auto industry veteran Jim Press told CNBC.
Spain’s Cabify ‘categorically denies’ that it is in negotiations for a full or partial sale to Lyft
Transportation-on-demand service Lyft, now valued at over $15 billion after raising another $600 million in June, is on the hunt to scale its business. One move it might not be making soon, however, is to expand operations into Spain and Latin America by way of an acquisition of one of the leading players in the… Continue reading Spain’s Cabify ‘categorically denies’ that it is in negotiations for a full or partial sale to Lyft