Tag: Electric vehicles

Elon Musk will put up $6 billion to drop Tesla loans from his Twitter deal

After a brutal month for Tesla stock, Elon Musk will no longer fund his Twitter buyout by borrowing against his Tesla ownership stake. In a filing with the Securities and Exchange Commission, Musk announced the expiration of a series of margin loans against Tesla stock, which had been included as part of his original financing… Continue reading Elon Musk will put up $6 billion to drop Tesla loans from his Twitter deal

Stellantis purchasing and supply chain executive out amid supplier issues

Jeep maker Stellantis NV is replacing its head of purchasing and supply chain for North America as the transatlantic automaker struggles with supplier relations, Automotive News reported Tuesday. The outlet — citing sources familiar with the matter and confirmation from Stellantis — reported that Martin Horneck is retiring and that Marlo Vitous, the automaker’s supply chain… Continue reading Stellantis purchasing and supply chain executive out amid supplier issues

Why Michigan lost to Indiana for Stellantis battery plant

This content is only available to subscribers. $9.99 for a Year. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that interest you most. Exclusive… Continue reading Why Michigan lost to Indiana for Stellantis battery plant

Tesla Investors Getting Tired of Elon Musk’s “Circus Show”

Investors are getting tired. Twitter’s Shadow SpaceX CEO Elon Musk’s deal to buy Twitter is casting a long shadow on his other much larger responsibility — Tesla. Market experts weighed in this week on how Musk’s seemingly crumbling deal to buy the social media platform is wreaking havoc on the electric car manufacturer’s stock prices.… Continue reading Tesla Investors Getting Tired of Elon Musk’s “Circus Show”

Volkswagen CEO Says It Will Soon Overtake Tesla in Electric Car Sales

They’re pretty far behind right now, but that could change by 2025. Gold Star Look out, Tesla — Volkswagen may soon be the new sheriff in town when it comes to EV sales. During an interview with CNBC at the World Economic Forum in Davos, Switzerland, Volkswagen CEO Herbert Diess said that as soon as… Continue reading Volkswagen CEO Says It Will Soon Overtake Tesla in Electric Car Sales

Mercedes Shows Off Electric Car That Can Spin in Place By Controlling Wheels Separately

It did a full 360 on the spot! Spin Around German carmaker Mercedes-Benz has shown off an impressive new feature of its upcoming EQG an all-electric version of its premium G-Wagon off-roader. The move, which the brand is calling “G-Turn,” allows the massive vehicle to literally spin around its own axis. A video of the… Continue reading Mercedes Shows Off Electric Car That Can Spin in Place By Controlling Wheels Separately

Standard Motor Products Introduces 146 New Part Numbers

SMP continues to expand its Advanced Driver Assist Systems program with the introduction of 17 new Park Assist Cameras. Tweet this SMP continues to expand its ADAS (Advanced Driver Assist Systems) program with the introduction of 17 new Park Assist Cameras, covering more than 8 million vehicles. New Blind Spot Detection Sensors are now available… Continue reading Standard Motor Products Introduces 146 New Part Numbers

ZeroSum Market First Report: May 2022 Automotive Inventory Data and Sales Forecasts

This May, businesses are feeling the impact of lower consumer demand, factory shutdowns, and higher production costs. Even Carvana, one of America’s largest used car retailers, felt the impact as their stock prices plummeted 90% since November. This is largely due to preparing for much higher demand levels than needed. In China, COVID lockdowns have slowed… Continue reading ZeroSum Market First Report: May 2022 Automotive Inventory Data and Sales Forecasts

@BMW: BMW Motorrad Presents the Urban Collection002017

Woodcliff Lake, NJ – May 25, 2022…Be it in day-to-day riding, on a long tour or on an adventure trip – for decades, the BMW Motorrad range of luggage has been offering perfect solutions when it comes to optimally stowing your gear. With the new Urban Collection, BMW Motorrad presents a new generation of tank… Continue reading @BMW: BMW Motorrad Presents the Urban Collection002017