With a strategic facility conversion, paired with multiple expansions, the battery material and manufacturing company has increased its processing capacity for battery production Battery Resourcers, a vertically integrated lithium-ion battery recycling and manufacturing company, today announced the opening of two new pilot plants, in addition to the conversion of its current operation in Worcester, Massachusetts, to support… Continue reading @Tata-JLR: Portfolio company Battery Resourcers announces new site expansions to support accelerated growth
Tag: Recalls
EV start-up Boom Motors launches moto-scooters at Rs 89,999
Start-ups plugging into electric mobility is now mega trend. The latest in India is the Coimbatore-based Boom Motors, which has launched its Corbett 14 (single battery and 100km range) and Corbett 14-EX (dual battery and 200km range) moto-scooters. They are priced at Rs 89,999 and Rs 124,999 respectively. In terms of tech specs, the Corbett… Continue reading EV start-up Boom Motors launches moto-scooters at Rs 89,999
Workhorse reports $81M loss, plans to redesign C-1000 electric cargo van
Electric vehicle startup Workhorse Group is hemorrhaging money. During the company’s third-quarter earnings call, Workhorse reported an $81 million loss, blaming an increase in operating costs and a suspension of production due to recalls. Revenue is also in the negative to the tune of $576,600, which is largely related to refunds issued to customers who… Continue reading Workhorse reports $81M loss, plans to redesign C-1000 electric cargo van
Workhorse Group Records a Big Loss on Electric Vans
Workhorse Group, a small producer of electric vans that has come under investigation by federal authorities, on Tuesday reported a loss of $81 million for the three months ending in September as a result of rising operating costs and a production stoppage related to a recall. The company also reported negative revenue of $576,600 because… Continue reading Workhorse Group Records a Big Loss on Electric Vans
Workhorse’s new CEO admits the startup’s electric van is no workhorse
The new CEO of struggling EV startup Workhorse admitted Tuesday that he’s not sure the company’s C-1000 electric van can stand up to the kind of punishing work required by delivery companies. In other words, Workhorse’s EV isn’t a workhorse. “As I’ve talked to the big customers at UPS, FedEx, others, they expect to have… Continue reading Workhorse’s new CEO admits the startup’s electric van is no workhorse
U.S. auto safety regulator awards over $24 mln to Hyundai Motor whistleblower
The award to ex-Hyundai Motor engineer Kim Gwang-ho is the biggest ever in a whistleblower case in the auto sector globally, according to law firm Constantine Cannon. The U.S. auto safety regulator announced on Tuesday its first-ever reward to a whistleblower, handing out more than $24 million to a former Hyundai Motor Co employee who… Continue reading U.S. auto safety regulator awards over $24 mln to Hyundai Motor whistleblower
@FCA: Dodge Announces ‘Never Lift’ Business Plan
November 8, 2021 , Detroit – Dodge Brand Chief Executive Officer Tim Kuniskis today previewed the brand’s two-year business plan, which he dubbed Never Lift. The Dodge Never Lift plan will be news-packed, calling for a minimum of one product- or automotive-enthusiast-related announcement every three months. Included in today’s 24-month Never Lift rollout were four additional news… Continue reading @FCA: Dodge Announces ‘Never Lift’ Business Plan
Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss
Today after the bell American ride-hailing giant Uber reported its third-quarter financial results. Critically, the long-unprofitable company managed to squeak $8 million worth of adjusted EBITDA — a very modified profit metric — while still posting net losses of more than $2 billion. The adjusted-profit result comes days after Lyft, Uber’s domestic rival, also recently… Continue reading Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss
Arun Sirdeshmukh: ‘Ola Cars is aiming at leadership position in India’s used-car market .’
Within a month of launching its used-vehicle business, Ola Cars claims to have sold more than 5,000 vehicles on its platform. The CEO of Ola Cars speaks to Nilesh Wadhwa on the company’s growth strategy, the sharp focus on customer satisfaction and developing an expansive service network. What is the strategy behind Ola’s diversification into… Continue reading Arun Sirdeshmukh: ‘Ola Cars is aiming at leadership position in India’s used-car market .’
Autos & Transportation · 1:45 PM UTCGM to extend Chevrolet Bolt plant shutdown by three weeksGeneral Motors Co confirmed Friday it will again halt pro…
Workers assemble Chevy Bolt EV cars at the General Motors assembly plant in Orion Township, Michigan, U.S. November 4, 2016. REUTERS/Joe White/File Photo WASHINGTON, Nov 5 (Reuters) – General Motors Co (GM.N) confirmed Friday it will again halt production at its Orion Assembly plant in Michigan, which makes the Chevrolet Bolt electric vehicle, for three… Continue reading Autos & Transportation · 1:45 PM UTCGM to extend Chevrolet Bolt plant shutdown by three weeksGeneral Motors Co confirmed Friday it will again halt pro…