Top Automotive Industry News for Week of June 11 – June 17, 2018

Here is the most important news associated with the automotive industry identified by the SEA for the week June 11, 2018 – June 17, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- Automakers Are Swimming Upstream against Cyberthreats (Car and Driver) Cab, Forward:… Continue reading Top Automotive Industry News for Week of June 11 – June 17, 2018

Electromobility: UPS buys 1,000 Workhorse electric delivery trucks

The US parcel service UPS wants to operate a fleet of 1,000 electric vehicles, which the company has already ordered from the manufacturer Workhorse. They are to be used in inner-city delivery traffic. June 17, 2018, 16:18, Andreas Donath Classic UPS delivery van (Picture: UPS) All parcel service providers are dealing with electric vehicles in… Continue reading Electromobility: UPS buys 1,000 Workhorse electric delivery trucks

Smart Grid Will Allow 170 UPS Electric Trucks To Charge Without Costly Upgrades

UPS’s London fleet of electric delivery vans increased from 65 to 170 without an expensive upgrade to the power supply grid. UPS – Electric package car Because simultaneous charging of so many vehicles exceeds the site’s capabilities, UPS decided for a smart grid management (sounds like delayed charging to us) combined with an energy storage… Continue reading Smart Grid Will Allow 170 UPS Electric Trucks To Charge Without Costly Upgrades

Elon Musk’s Boring Company Wins Chicago High-Speed Transit Contract

Illustration: Boring Company Advertisement Editor’s Picks On Thursday, the Chicago Infrastructure Trust, on behalf of the City of Chicago, announced that it was awarding Elon Musk’s Boring Company a contract to build a rapid-transit link between O’Hare Airport and downtown. The trip currently takes about 40 minutes on public transportation; the Boring Company aims to… Continue reading Elon Musk’s Boring Company Wins Chicago High-Speed Transit Contract

Elon Musk buys 72,500 of Tesla shares

Tesla chief executive officer Elon Musk bought 72,500 shares of the company’s common stock, a regulatory filing showed on Wednesday. Musk bought the shares at between $342.44 and $347.44 per share in multiple transactions on Tuesday and Wednesday. He is already the electric car maker’s largest shareholder and now owns 33.74 million shares worth about… Continue reading Elon Musk buys 72,500 of Tesla shares

Here’s the fake noise the Jaguar I-Pace makes when you hit the throttle

Jaguar’s first all-electric car, the I-Pace, will go on sale a little later this year. But thanks to Roadshow, which is among the press currently attending a “first drive” junket for the I-Pace in Portugal, we now know what the I-Pace sounds like. Picture this. You’re cruising up the Pacific Coast Highway in your shiny… Continue reading Here’s the fake noise the Jaguar I-Pace makes when you hit the throttle

Cobalt Hunt Takes Aussie Explorer to Forest on BMW’s Doorstep

LISTEN TO ARTICLE SHARE THIS ARTICLE The search for cobalt, a key component of the battery-powered auto fleets of the future, has arrived on BMW AG’s doorstep with a discovery of an ore deposit not far from the plant where the German manufacturer makes its i3 electric city car. The cobalt find in a forested… Continue reading Cobalt Hunt Takes Aussie Explorer to Forest on BMW’s Doorstep

Elon Musk announces 9 percent job cut at Tesla in ‘difficult’ drive for profitability

Tesla CEO Elon Musk introduces the Tesla Semi truck and an updated version of the Tesla Roadster in November 2017. (Tesla via YouTube) Just days after promising he’d make Tesla profitable within months, CEO Elon Musk announced today that 9 percent of the company’s workforce is being laid off as part of the effort to… Continue reading Elon Musk announces 9 percent job cut at Tesla in ‘difficult’ drive for profitability

Tesla to slash thousands of jobs in profitability drive

Tesla said it plans to cut 9% of its workforce as part of a restructuring intended to reduce costs and boost profitability. The layoffs at Elon Musk’s electric car company come as it tries to increase production of its Model 3 sedan and turn a quarterly profit this year. Tesla said the more than 3,000… Continue reading Tesla to slash thousands of jobs in profitability drive

‘Competition is really fierce right now’: General Motors sets sights on electrified, autonomous future

Chevrolet Bolt EV autonomous test vehicles being assembled in Michigan | Credit: Jeffrey Sauger for GM David Tulauskas, GM’s sustainability director, talks to BusinessGreen about the US car giant’s drive towards ‘zero crashes, zero emissions and zero congestion’ It is little more than a year since all-electric upstart Tesla briefly sped past the long-established General… Continue reading ‘Competition is really fierce right now’: General Motors sets sights on electrified, autonomous future