FILE PHOTO: A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson (Reuters) – Tesla Inc had plans to build its pilot small electric SUV Model Y at Gigafactory 1 by June 1, 2020, the Business Insider reported on Monday, citing leaked internal documents, but said the company changed… Continue reading Tesla changes plans to start Model Y production – Business Insider
Tag: Tesla
Volkswagen and Tesco to build UK’s biggest free car-charging network
Volkswagen
A Volkswagen car charging outside a Tesco supermarket.
German auto firm Volkswagen and U.K. grocer Tesco have teamed up to build the largest free electric car charging network in Britain.
The two firms announced Friday that over the next three years they will install nearly 2,500 charging points in the parking lots of up to 600 Tesco stores across the United Kingdom.
Volkswagen U.K. board member Mike Orford told CNBC by phone that his company wants to encourage people towards electric vehicle ownership by removing anxieties about when and where a car can be charged.
“People that live in a flat who might want an electric car can't charge at home as they have to park in the street. If they say, 'Actually, I know I go to Tesco twice a week for a shop,' then this suddenly feels quite viable,” he said.
Figures from the Society of Motor Manufacturers and Traders (SMMT) have revealed that more than 120,000 'alternatively fueled vehicles' have been registered in the U.K. in 2018 — a 22 per cent increase on the same period last year.
Installed by the charging network operator Pod Point, customers at larger Tesco sites will be able to choose between a free 7-kilowatt (kw) charger or a pay-as-you go rapid charge 50 kw option.
Orford said people wouldn't need to be a Tesco customer to make use of the charge points, but the parking bays would be monitored in the same way as disabled or “mother and baby” spots.
Volkswagen hopes the use of the bays, which should be compatible with most makes of electric cars, will become habitual to shoppers.
“It is a bit like plugging in your mobile phone, most of us don't wait until the battery is flat,” Orford said, before adding, “People can get a quick 10-minute charge while just buying a pint of milk.”
The cost is being borne by both Volkswagen and Tesco, but beyond stating that it is a “multi-million pound” initiative, neither company is revealing the expected outlay.
Volkswagen Group has said its VW brand should sell a million electric cars a year by 2025. The auto group announced earlier this month it would spend almost 44 billion euros ($50 billion) on developing electric cars, autonomous driving and new mobility services by 2023.
On Wednesday, Volkswagen confirmed it is deciding where to locate a new factory in North America to build electric vehicles for the U.S. market.
Clarification: This story has been updated to reflect that the charging points will be in the parking lots of up to 600 Tesco stores.
WATCH: A visit to the only Tesla Supercharger station with a lounge
CNBC visits the only Telsa Supercharger station with a lounge
8:59 AM ET Sat, 27 Jan 2018 | 02:20
ChargePoint raises $240 million to expand charging-station network
2014 BMW i3 REx fast-charging at Chargepoint site, June 2016 [photo: Tom Moloughney]
ChargePoint, the largest network of electric car charging stations, announced last Wednesday that it has raised $240 million to become even bigger.
The investment comes at a pivotal moment after ChargePoint CEO Pasquale Romano in September announced an ambitious goal to build enough chargers to juice up 2.5 million electric cars worldwide.
The latest investment, along with that goal, should help keep ChargePoint competitive with other rapidly growing charging networks in the U.S. and Europe.
DON'T MISS: ChargePoint commits to build charging stations for 2.5 million cars by 2025
Although ChargePoint is the largest and one of the oldest electric-car charging networks, the competition is coming on strong. Under a court mandate to settle charges over diesel emissions cheating, Volkswagen is setting up the Electrify America network to rival Tesla's Superchargers across the U.S. It is building Phase One of its planned rollout with 484 public charging locations consisting of 2,000 chargers, most of them DC fast chargers, and is planning the rollout of Phase 2, starting next year.
In Europe, ChargePoint's next big market, major automakers BMW, Daimler, Ford, and the Volkswagen Group have banded together to build the Ionity network of fast chargers around the continent.
READ MORE: ChargePoint users can now access networks in Canada, Europe
Other long-time competitors such as EVgo are also expanding, and Tesla CEO Elon Musk announced this month that the company will double the size of its Supercharger network next year.
ChargePoint's latest investment—it's seventh round for anyone counting—comes from electric utility American Electric Power, Chevron, Daimler trucks and buses, BMW, and Siemens and energy investment fund Quantum Energy (the lead investor).
CHECK OUT: Musk announces more and faster Tesla Superchargers on the way
One of ChargePoint's strategies is to focus on building high powered charge points for trucks and buses, including municipal bus fleets, a market where there isn't as much competition.
At the same time, the company plans to continue to build more chargers for cars if it intends to keep the commitment it made at California Governor Jerry Brown's Global Climate Action Summit in September.
“We are at a tipping point in the generational shift to transportation electrification,” says ChargePoint President and CEO Pasquale Romano. “Leading investors from automotive, utilities, oil and gas, and financial institutions are coming together to support ChargePoint’s vision of an all-electric future as the mass adoption of electric mobility and the transition to electric fleets accelerate.”
Robot couriers scoop up early-stage cash
Joanna Glasner Contributor More posts by this contributor Getting personal: Funding rises for software-driven tastemakers The alumni of these universities raised the most VC in the past year Much of the last couple of decades of innovation has centered around finding ways to get what we want without leaving the sofa. So far, online ordering… Continue reading Robot couriers scoop up early-stage cash
Top Automotive Industry News for Week of October 15 – October 21, 2018
Here is the most important news associated with the automotive industry
identified by the AEA for the week October 15, 2018 – October 21, 2018.
We hope it helps you stay up to speed on the key developments in our
industry:
-AEA Membership News-
AEA Reception is tonight in Las Vegas. See you there!
-Automotive Manufacturing News-
Audi slapped with a $930 million fine by German prosecutor for its
diesel cheating scandal
(CNBC)
Daimler Cuts Earnings Estimates as Outlook Gets Tougher
(The Detroit Bureau)
Ford's new 'Proud' ad campaign features Bryan Cranston from
'Breaking Bad
(USA Today)
Ford and Volkswagen flirting with relationship possibilities and
joint projects
(USA Today)
Ford boosts production of its $400,000 GT supercar as demand
outpaces supply six-to-one
(CNBC)
Ford seeks to allay dealers’ worries with ‘comeback story’
(The Detroit News)
Frustrated GM investors ask what more CEO Barra can do
(Reuters)
GM Offers Extended Warranties As Reliability Ratings Improve And
Scammers Surge
(Forbes)
Hyundai's Nexo Stands Out As The First Truly Complete Fuel Cell
Electric Vehicle
(Forbes)
Judge approves Elon Musk settlement with SEC
(The Detroit News)
New Chips Improve Tesla Autopilot “500% to 2000%,” Musk Says
(The Detroit Bureau)
Porsche denies speculation that it's planning to go public
(CNBC)
Tesla buys new plot for China factory for $140 million
(CNBC)
Tesla, GM in line for EV boost under U.S. Senate bill
(Automotive News)
VW's Porsche expects to repeat record vehicle sales this year
(Reuters)
-Automotive Evolution News-
Clutch Looks To Increase the Number of OEMs, Dealers on Its
Subscription Platform by Year’s End
(Auto Finance News)
Future of electric-car tax credit up in the air
(The Detroit News)
Google’s Waze expands carpooling tool throughout U.S.
(The Detroit News)
How car subscription app Fair wants to disrupt the market for car loans
using subscriptions
(CNBC)
Kids' Ride Service Race Heats Up As Zūm Expands To Take On Kango,
HopSkipDrive
(Forbes)
Not everyone is ready to ride as autonomous vehicles take to the
road in ever-increasing numbers
(CNBC)
The Computer Chauffeur Is Creeping Closer
(The New York Times)
Waymo details how emergency services should deal with self-driving
incidents
(autoblog)
-Automotive Retail News-
Assurant Launches Mechanic 2.0
(Auto Dealer Monthly)
Best budget-friendly small cars include Kia, Honda, Hyundai and
Mazda sedans
(USA Today)
Black Book Valuation Data Now Integrated With CDK’s Lightspeed EVO
(Auto Dealer Monthly)
CarMax pinpoints where its sales of manual transmissions are
rarest, most common
(Auto Remarketing)
Change Is Coming to Automobile Dealerships
(Forbes)
Equifax: Vehicle Sales Down, Borrowing Up
(Auto Dealer Monthly)
GM Rolls Out Optional Extended Warranty
(Auto Dealer Monthly)
-Automotive Wholesale News-
5 trends surface as wholesale-price softening accelerates
(Auto Remarketing)
Weekly Vehicle Values Fall Precipitously
(Vehicle Remarketing)
-Automotive Enthusiast News-
These Are the Most Valuable Cars Jerry Seinfeld Has Featured on
Comedians in Cars Getting Coffee
(Car and Driver)
-Automotive Servicing News-
Goodyear offers replacement tires at consumers' homes
(Automotive News)
Safety administration investigates Ford pickup tailgates opening
unexpectedly
(Detroit Free Press)
-General Business & Executive News-
Auto Classified Industry Veterans Skip Dowd and Ernie Blood Launch
MautoSearch
(Medium)
Car-shopping company Shift seeks to follow Carvana with 2020 IPO
(Automotive News)
Cox to shed staff as it restructures
(Automotive News)
Dealer Inspire Expands in Canada Offering New Digital Marketing Options
for Automotive Dealers
(Cars.com)
Google Adds EV Charging Stations to Google Maps
(Cars.com)
Report: Uber, Lyft each looking to go public in 2019 as rivalry
heads to Wall Street
(USA
Today)
Walmart to team with Advance Auto Parts for online store, lowers FY
2019 earnings forecast
(USA Today)
U.S. retail sales increase modestly; consumer spending strong
(Reuters)
-AEA Reminder-
Did we miss something? Let us know via our
Contact Us Page >>
. If you have specific important news going public soon that you would like
to share with your fellow AEA Members, submit your
PR Distribution Request >>
Have a great week,
Member Services
memberservices@automotiveexecutives.com
Automotive Executives Association
www.automotiveexecutives.com
Elon Musk Tried to Bring “Mario Kart” to Your Tesla Model 3
Tesla Kart You know what’s really missing from your $35,000 Tesla Model 3? More video games. That’s at least what Elon Musk thinks, anyway. In a tweet yesterday, the Tesla CEO revealed that Teslas are about to get an update chock full of new features like “romance mode, toilet humor,” and, of course, “more video games.”… Continue reading Elon Musk Tried to Bring “Mario Kart” to Your Tesla Model 3
ChargePoint CEO On Tesla Superchargers & The Future Of EV Charging
CHARGEPOINT CEO TALKS ABOUT TESLA SUPERCHARGERS AND THE FUTURE OF EV CHARGING [VIDEO] ChargePoint is one of the world’s largest EV charging networks, with over 57,000 public chargers in several countries. The company’s CEO, Pasquale Romano, has been involved with public charging since the days when only a handful of people knew such a thing… Continue reading ChargePoint CEO On Tesla Superchargers & The Future Of EV Charging
Top Automotive Industry News for Week of October 22 – October 28, 2018
Here is the most important news associated with the automotive industry
identified by the AEA for the week October 22, 2018 – October 28, 2018.
We hope it helps you stay up to speed on the key developments in our
industry:
-Automotive Manufacturing News-
Consumer Reports: Tesla's reliability tumbles to near the bottom in
latest survey
(USA Today)
Dyson vacuum cleaner company to build electric vehicle factory in
Singapore
(USA Today)
Eight Essential Questions For GM’s Mary Barra
(Forbes)
Feds defend voluntary robot car regulations
(The Detroit News)
Fiat Chrysler's Manley makes mark with $7B deal to sell Magneti Marelli
(Detroit Free Press)
Ford CEO says restructuring is 'a massive undertaking' that must be
'very thoughtfully orchestrated'
(CNBC)
Ford hires new China chief to tackle daunting turnaround task
(Reuters)
Ford seeks to allay dealers’ worries with ‘comeback story
(The Detroit News)
Ford shares jump after strong truck sales help third-quarter results
beat expectations
(CNBC)
Ford talks with VW to help reverse losses overseas
(The Detroit News)
GM Calls For National Electric Vehicle Policy, Says EVs Should Be 25%
Of All New Cars By 2030
(Forbes)
GM earnings: No. 1 U.S. auto maker needs to show it has a strategy to
boost ailing share price
(MarketWatch)
Here Are The Most- And Least-Reliable Rides On The Road For 2019
(Forbes)
Hyundai Motor posts big profit miss on U.S. recalls; shares dive
(Reuters)
Losing Money, Ford Shakes Up Struggling Chinese Operations, Appoints
New CEO
(The Detroit Bureau)
Report: FBI conducting criminal investigation into Tesla
(The Detroit News)
Smart brand might be doomed
(autoblog)
Tesla's Elon Musk made four big assertions — with asterisks
(LA Times)
Tesla Makes Good On Elon Musk’s Promise As Model 3 Drives $312 Million
Profit
(CNBC)
Tesla says has not received subpoena on Model 3 production
(Reuters)
The giant trucks Chevy, Ford, Ram really want to sell
(Detroit Free Press)
Which new technologies make vehicles unreliable?
(Detroit Free Press)
-Automotive Evolution News-
18 Automotive Startups and Their Chances of Survival
(Car and Driver)
Apple Files Patent Linked to AV Driving
(The Detroit Bureau)
Driverless Cars May Increase Cases Of Motion Sickness
(Forbes)
How Jaguar Land Rover Is Getting Ready For The 4th Industrial
Revolution: AI and Autonomous Cars
(Forbes)
GM’s multibillion-dollar driverless car gamble hits some bumps
(autoblog)
Tesla 'obviously' plans to take on Uber and Lyft, says CEO Elon Musk
(CNBC)
Waymo is testing what it should charge for its robotaxi service
(TechCrunch)
-Automotive Retail News-
Auto classified industry veterans roll out new dealer advertising
platform
(Auto Remarketing)
DAS Releases Dealer Social Media Study
(Auto Dealer Monthly)
Edmunds: Used-car sales this month look a lot like September's
(Auto Remarketing)
New Vehicle Sales Expected to Cool in October
(The Detroit Bureau)
Survey: Many Dealers Unaware of NCFC Tax Concerns
(Auto Dealer Monthly)
-Automotive Wholesale News-
Typical October wholesale price movements take hold
(Auto Remarketing)
Used Values Returning to Normal Levels
(Vehicle Remarketing)
-Automotive Enthusiast News-
30 fun and useful car gifts auto enthusiasts will love — according to a
car collector
(Business Insider)
-Automotive Servicing News-
AAA: Enhanced Safety Enhances Repair Costs
(Auto Dealer Monthly)
BMW expands recall to 1.6 million vehicles worldwide over fire risk
(USA Today)
Ford recalls 1.5 million Ford Focus cars that could stall with fuel
tank problem
(USA Today)
Mitsubishi, Dealer-FX launch digital service platform for dealers
(Auto Remarketing)
-General Business & Executive News-
Cox: Mobility Will Reduce Dealership Count
(Auto Dealer Monthly)
Rate hikes are already squeezing these businesses
(CNN)
TIME And Ally Financial Honor Auto Dealers
(PR Newswire)
-AEA Reminder-
Did we miss something? Let us know via our
Contact Us Page >>
. If you have specific important news going public soon that you would like
to share with your fellow AEA Members, submit your
PR Distribution Request >>
Have a great week,
Member Services
memberservices@automotiveexecutives.com
Automotive Executives Association
www.automotiveexecutives.com
China Forces Tesla and Other EV Makers to Turn Over Driver Data
Eyes on EVs If you drive a Tesla in China, the government knows where your vehicle is at all times. That’s according to a bombshell AP News story published Thursday. It claims Chinese law requires Tesla and more than 200 other electric vehicle makers to send the government constant updates on any vehicles driven in the nation. Those… Continue reading China Forces Tesla and Other EV Makers to Turn Over Driver Data
Top Automotive Industry News for Week of October 29 – November 4, 2018
Here is the most important news associated with the automotive industry
identified by the AEA for the week October 29, 2018 -November 4, 2018.
We hope it helps you stay up to speed on the key developments in our
industry:
-Automotive Manufacturing News-
Every Mid-Size Luxury Crossover and SUV Ranked from Worst to Best
(Car and Driver)
Faraday Future's Rough Road: Funds Sought As Cofounders Depart, Workers
Furloughed
(Forbes)
Ford could provide a 40% return in the year ahead as restructuring
takes hold, Goldman says
(CNBC)
GM memo: We must cut costs, can't wait to see what happens in industry
(Detroit Free Press)
GM Throws Weight Behind Nationwide Electric-Car Quota
(Cars.com)
GM to offer buyout to some workers in cost-cutting move: DJ
(CNBC)
Jaguar Land Rover undergoes $3.2 billion turnaround plan as sales slump
(autoblog)
Tesla electric vehicles will park themselves in 2019, Elon Musk says
(USA Today)
Tesla’s third-largest shareholder says it’s willing to pump more money
into the company
(CNBC)
The brutal and extreme tests Ram, Ford, Chevy run on trucks
(Detroit Free Press)
US regulators subpoenaed Tesla Model 3 production forecasts, data
(USA Today)
Volvo and Baidu join forces to mass produce self-driving electric cars
in China
(CNBC)
-Automotive Evolution News-
Cadillac cancels its car subscription program after just two years
(autoblog)
Ford, Volkswagen explore driverless venture to challenge Tesla, Waymo
(MarketWatch)
GM is making e-bikes as it expands beyond cars
(autoblog)
Hyundai, Kia Motors to develop new solar charging tech for vehicles
(Reuters)
Uber details why its driverless SUV killed a pedestrian and how it's
working to fix safety problems
(LA Times)
Uber says it's ready to start testing self-driving cars again
(Mashable)
VW and Intel's Mobileye Will Launch Autonomous Ride-Hailing Service In
Israel Next Year
(Forbes)
Waymo Gets California's Okay For Human-Free Driving Tests As Robo-Car
Skepticism Rises
(Forbes)
-Automotive Retail News-
5 hottest-selling U.S. vehicles in October: Tesla, Toyota, Subaru make
the list
(USA Today)
FCA, Honda and VW Lead October Auto Sales
(The Detroit Bureau)
GM Financial: More Loans, Fewer Leases in Q3
(Auto Dealer Monthly)
Luxury car owners trade up for American pickups as Ford, GM and Dodge
trucks dominate market
(CNBC)
New Vehicle Prices Continue to Rise in Fourth Quarter
(The Detroit Bureau)
Rising interest rates and prices hurt October auto sales, with SUVs
still faring better than cars
(USA Today)
Rising interest rates pinch U.S. auto sales, consumer confidence
(Reuters)
Vehicle sales reached 11-month high in October
(MarketWatch)
-Automotive Wholesale News-
Car Depreciation Reaches 10-Month High
(Vehicle Remarketing)
Lane watch: Wintry chill hits wholesale prices
(Auto Remarketing)
-Automotive Ownership News-
A Comfortable Place to Spend 38,000 Hours Behind the Wheel
(The New York Times)
-Automotive Enthusiast News-
140-car collection headed to Mecum’s Las Vegas auction
(ClassicCars)
Here are the most Googled car brands of 2018
(autoblog)
-Automotive Servicing News-
AAA offers free Lyft rides to and from repair shops
(autoblog)
New car safety technology saves lives — but can double the cost of
repairs
(NBC)
Stalling prompts recall of 2019 Jeep Cherokees with 2.4-liter engines
(Detroit Free Press)
Subaru, Toyota recall 165,000 U.S. cars with defect that could lead to
engine stalling
(USA Today)
-General Business & Executive News-
Broadcom makes $1 billion patent claim against Volkswagen: Der Spiegel
(Reuters)
New Autotrader Experience Helps Car Shoppers Accelerate Their Deal, Buy
Faster From The Palm of Their Hands
(PR Newswire)
U.S. Auto Industry's October Surprise
(Forbes)
With $50M investment, AutoNation obtains 7% stake in Vroom
(Auto Remarketing)
-AEA Reminder-
Did we miss something? Let us know via our
Contact Us Page >>
. If you have specific important news going public soon that you would like
to share with your fellow AEA Members, submit your
PR Distribution Request >>
Have a great week,
Member Services
memberservices@automotiveexecutives.com
Automotive Executives Association
www.automotiveexecutives.com