FRANKFURT: An important chapter in Volkswagen‘s years-long “dieselgate” emissions cheating saga appeared headed for a close Friday, as the German car giant agreed a compensation deal with domestic consumer groups. VW and German consumer federation VZBV reached a “comprehensive agreement” in a first-of-its-kind collective lawsuit brought by around 400,000 diesel car drivers, the Brunswick higher… Continue reading VW strikes ‘dieselgate’ compensation deal with German consumers
Tag: Tesla
Tesla spotted stockpiling some brand new Model Y SUVs at factory
Tesla has been spotted stockpiling some brand new Model Y SUVs in the parking lot of its factory ahead of the start of deliveries next month. In March of last year, Tesla unveiled the Model Y, an all-electric crossover based on the Model 3, with up to 300 miles of range. At the time, the automaker… Continue reading Tesla spotted stockpiling some brand new Model Y SUVs at factory
Audi announces three-motor performance versions of the E-Tron
Audi will make and sell sportier performance versions of its E-Tron and E-Tron Sportback electric cars powered by a three-motor system, the company announced on Friday. The news comes as parent company Volkswagen says it has tapped Audi to “take the lead for research and development” for the entire Volkswagen Group. The new performance models… Continue reading Audi announces three-motor performance versions of the E-Tron
Tesla could be worth $1.5 trillion by the end of the decade, says Ron Baron
Ron Baron, a billionaire stock investor and Tesla shareholder, says that Tesla could be worth $1.5 trillion by the end of the decade. From 2014 to 2016, Baron got sold on Tesla and Elon Musk’s vision and started buying shares of the company. He has since been extremely vocal about his investment and has made… Continue reading Tesla could be worth $1.5 trillion by the end of the decade, says Ron Baron
Tesla Cybertruck vs Ford F-150 tug-of-war rematch finally happens but with ‘small’ twist
The Tesla Cybertruck vs Ford F150 tug-of-war rematch finally happened, but neither Tesla or Ford were actually involved. Instead, a bunch of engineers put a half-scale Cybertruck versus the best-selling pickup. Tesla Cybertruck vs. Ford F-150 Rematch As we reported last year, Tesla CEO Elon Musk agreed to redo the Cybertruck vs. Ford F-150 tug-of-war… Continue reading Tesla Cybertruck vs Ford F-150 tug-of-war rematch finally happens but with ‘small’ twist
E-bike startup Wheels lays off staff as dockless micromobility struggles continue
Wheels, a Los Angeles-based startup that rents electric bikes in over a dozen cities, is laying off 6 percent of its staff, The Verge has learned. The company is the latest micromobility firm to shed employees in the quest to find a profitable business model. Wheels was founded in early 2019 by Jonathan and Joshua… Continue reading E-bike startup Wheels lays off staff as dockless micromobility struggles continue
Tesla sales in China drop despite start of local production, people panic and TSLA crashes
Tesla’s sales in China have dropped significantly in the first month of the year despite Tesla starting local production and deliveries. The drop also happened before the ramp-up in fear over the coronavirus and now Tesla’s stock is taking a major hit. The entire market has been hit this week due to fear of the… Continue reading Tesla sales in China drop despite start of local production, people panic and TSLA crashes
Tesla reports fully autonomous miles for first time in years, but it’s nothing to get excited about
Tesla has reported some fully autonomous test miles for the first time in years in the California DMV disengagement report, but it’s nothing to get too excited about. The California DMV makes companies who are testing autonomous vehicles in the state submit yearly “disengagement reports” to release details about each time their autonomous test vehicles… Continue reading Tesla reports fully autonomous miles for first time in years, but it’s nothing to get excited about
Tesla’s massive 1GWh Megapack battery project with PG&E is approved
Tesla’s massive project to deploy 1GWh of Megapacks to create a giant energy storage system in California with PG&E has received approval from the local authorities. We first learned of the project at PG&E’s Moss Landing substation when they submitted it to CPUC and the company was in talks with Tesla in 2017. It involves four separate energy storage… Continue reading Tesla’s massive 1GWh Megapack battery project with PG&E is approved
China’s CATL revs up EV battery production following Tesla deal
GUANGZHOU — China’s biggest electric vehicle battery maker, CATL, will invest up to 26 billion yuan ($3.7 billion) to quadruple its production capacity for lithium-ion batteries used in cars and storage systems. Annual production capacity at a plant in Ningde, Fujian Province, where the company is headquartered, will be increased by 16 gigawatt-hours, the battery… Continue reading China’s CATL revs up EV battery production following Tesla deal