Shared Mobility Market to Reach US$ 397.61 Bn by 2031; Sustainable Urban Transport Pivots Growth: TMR Study

Rising demand for car-pooling and e-hailing services generating sizable revenue shares to shared mobility market; Adoption gaining momentum among passengers on back of cost, convenience, and time propositions Adoption of private vehicles for shared mobility to rise; service providers earning substantial revenues from Asia Pacific, mainly from popularity of shared mobility in urban consumers WILMINGTON,… Continue reading Shared Mobility Market to Reach US$ 397.61 Bn by 2031; Sustainable Urban Transport Pivots Growth: TMR Study

Tesla’s next gigafactory might be in Canada

While onstage at Tesla’s annual shareholder event, CEO Elon Musk hinted that the automaker would choose the location for a new gigafactory by the end of the year. Musk jokingly asked his fans where the company should build, and when a few yelled out “Canada!” Musk replied, “I’m half Canadian. Maybe I should.” It seemed… Continue reading Tesla’s next gigafactory might be in Canada

Postmaster General and CEO Louis DeJoy’s Remarks During Aug. 9, 2022, Postal Service Board of Governors Meeting

WASHINGTON, Aug. 9, 2022 /PRNewswire/ — The below remarks are as prepared for delivery by Postmaster General and CEO Louis DeJoy during the open session meeting of the Postal Service Board of Governors on Aug. 9, 2022. “Thank you, Mr. Chairman.   I would also like to publicly welcome Governor Tangherlini and Governor Kahn to… Continue reading Postmaster General and CEO Louis DeJoy’s Remarks During Aug. 9, 2022, Postal Service Board of Governors Meeting

Ford F-150 Lightning gets price hike, debuts two colors

The 2023 Ford F-150 Lightning, an all-electric pickup truck with a mile-long waiting list, opens its order banks on Thursday to customers who placed a $100 reservation and want to move forward with placing an official order.  Lightning prices have spiked $6,000 to $8,500, based on material costs and other factors. If reservation holders want to back out, they… Continue reading Ford F-150 Lightning gets price hike, debuts two colors

GM CFO says supply plan will keep auto production going even in a downturn

General Motors is taking aggressive steps to get tens of thousands of vehicles awaiting parts to consumers quickly and the automaker is remodeling its supply chain to protect the company from future economic or supply challenges. GM CFO Paul Jacobson said Tuesday that the automaker is “trying to be very cautious, but not alarming, in terms of what we… Continue reading GM CFO says supply plan will keep auto production going even in a downturn

@Ford: Ford F-150 Lightning Standard Range Increased to EPA-Estimated 240 Miles; Industry-First Pro Trailer Hitch Assist Now Available; Order Banks Re-Open with Updated Pricing

DEARBORN, Mich., Aug. 9, 2022 – Ford is reopening order banks on Thursday for the next wave of reservation holders of the popular F-150 Lightning, adding new improvements including boosting its standard range battery models to an EPA-estimated targeted range of 240 miles1 and adding Pro Trailer Hitch Assist technology. 2   An industry first,… Continue reading @Ford: Ford F-150 Lightning Standard Range Increased to EPA-Estimated 240 Miles; Industry-First Pro Trailer Hitch Assist Now Available; Order Banks Re-Open with Updated Pricing

@Daimler: Production of the Mercedes-AMG ONE customer vehicles has started

The hypercar with Formula 1 technology goes into exclusive small-series production Only 275 units will be built in total, and job#1 of the exclusive production of the Mercedes‑AMG ONE hypercar (fuel consumption weighted, combined: 8.7 l/100 km; combined weighted CO2 emissions: 198 g/km; combined weighted electrical consumption: 32 kWh/100 km)[1] has now begun. The first customer vehicles… Continue reading @Daimler: Production of the Mercedes-AMG ONE customer vehicles has started

@GM: SAIC-GM-Wuling’s EV Sales in China Exceed 1 Million Units

SAIC-GM-Wuling’s EV Sales in China Exceed 1 Million Units 2022-08-09 SHANGHAI – SAIC-GM-Wuling (SGMW) announced yesterday that its cumulative electric vehicle sales in China have exceeded 1 million units. Since 2017, SGMW has introduced eight EV models in China, from the earliest Baojun E100 to the best-selling Wuling Hong Guang MINIEV. The latter has been the… Continue reading @GM: SAIC-GM-Wuling’s EV Sales in China Exceed 1 Million Units

Ford Raises Prices of F-150 Lightning Electric Truck

Ford Motor on Tuesday became the latest automaker to raise the price of electric vehicles when it significantly increased prices of its popular F-150 Lightning because of rising materials costs. The company began making the Lightning in April and had sold more than 4,400 through the end of July. Ford has taken reservations for more… Continue reading Ford Raises Prices of F-150 Lightning Electric Truck

BMW hedges its EV bet, appears poised to repeat mistakes of the past

For a while, it seemed like BMW had turned a corner with its EV strategy. Its i4 and iX have received stellar reviews, and this spring the company announced an all-electric platform, the Neue Klasse, which it said will underpin EV versions of the 3-series sedan and the X3 crossover starting in 2025. The company… Continue reading BMW hedges its EV bet, appears poised to repeat mistakes of the past