Adults fighting over the letter E. It sounds like a “Sesame Street” episode gone bad. But it really happened. And now the winner of that battle, Ford Motor Co., just announced that Ford “Model e” (intentionally lowercase) is the name of its all-electric auto division. Behind the scenes, it’s a story of an iconic automaker keeping a startup company based… Continue reading Ford to use Model e name it blocked from Tesla in trademark fight
Tag: Tesla
Ford increases electrification spend to $50B in attempt to catch up to Tesla
Ford Motor Company is increasing its electric vehicle investment to $50 billion through 2026, up from the previous $30 billion by 2025. CEO Jim Farley announced the news on Wednesday after the automaker confirmed that it would run its EV unit separately from its combustion engine business, something Ford touched on during its 2021 fourth… Continue reading Ford increases electrification spend to $50B in attempt to catch up to Tesla
Rivian has altered the deal, and now its EVs will cost buyers up to $20K more
Rivian increased the estimated prices of its R1T electric pickup and R1S electric SUV this week by up to 20 percent, as reported by TechCrunch. The company is applying the new estimates to new orders and changing them for reservation holders who don’t yet have a vehicle entering production. This is the first significant change… Continue reading Rivian has altered the deal, and now its EVs will cost buyers up to $20K more
Ford is splitting its business between electric, gas vehicles
Confirming rumors that have swirled for months, Ford announced that it was splitting into “two distinct, but strategically interdependent, auto businesses” called Ford Blue and Ford Model E. While Ford Blue will manage all of the internal combustion engine vehicles, Ford Model E represents its push into electric vehicles, with products like the Mustang Mach-E… Continue reading Ford is splitting its business between electric, gas vehicles
Stellantis aims to double revenue by 2030 as it goes electric, article with image
A view shows the logo of Stellantis at the entrance of the company’s factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol Register now for FREE unlimited access to Reuters.com Register Summary Companies Company will have 75 EV models by 2030 Revenue in China targeted at 20 bln euros in 2030 Carmaker expects a third… Continue reading Stellantis aims to double revenue by 2030 as it goes electric, article with image
EXCLUSIVE Ford set to announce plans to run EV, ICE as separate businesses -sources, article with image
A Ford all-electric F-150 Lightning truck prototype is seen at the Rouge Electric Vehicle Center in Dearborn, Michigan, U.S. September 16, 2021 REUTERS/Rebecca Cook Register now for FREE unlimited access to Reuters.com Register March 1 (Reuters) – Ford Motor Co (F.N) on Wednesday will announce a reorganization under which its electric vehicle (EV) and internal-combustion… Continue reading EXCLUSIVE Ford set to announce plans to run EV, ICE as separate businesses -sources, article with image
Tesla unveils Supercharger station built in only 8 days thanks to new pre-fabricated system
Tesla has released footage unveiling its pre-fabricated system to deploy new Supercharger stations in record time. This new one in Florida was built in just over a week. Tesla is currently growing its Supercharger network at an impressive rate. The automaker went from 23,277 Superchargers at 2,564 stations at the end of 2020 to 31,498… Continue reading Tesla unveils Supercharger station built in only 8 days thanks to new pre-fabricated system
Elon Musk and Tesla need a Tim Cook
The same story has played out for decades. A startup blossoms and thrives under the leadership of a larger-than-life personality. A plateau soon follows. The company’s focus moves from introducing an endless string of new products to making sure what it is building meets the demands of customers. The honeymoon period ends and a new… Continue reading Elon Musk and Tesla need a Tim Cook
Lucid cuts 2022 production goal, shares slide, article with gallery
SAN FRANCISCO, Feb 28 (Reuters) – Luxury electric car maker Lucid Group on Monday revised down its production forecast for this year due to “extraordinary supply chain and logistics challenges,” knocking its shares down 14%. Electric vehicle startups like Rivian Automotive (RIVN.O) and Lordstown Motors (RIDE.O), which have raised money in public listings, have fallen… Continue reading Lucid cuts 2022 production goal, shares slide, article with gallery
Lordstown expects to sell 500 Endurance trucks even as costs surge, article with image
A Lordstown Motors sign is seen outside the Lordstown Assembly Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook Register now for FREE unlimited access to Reuters.com Register Feb 28 (Reuters) – Electric vehicle startup Lordstown Motors Corp (RIDE.O) said on Monday it plans to sell its first 500 Endurance electric pickup trucks this… Continue reading Lordstown expects to sell 500 Endurance trucks even as costs surge, article with image