Tesla Inc.’s stock went on a tear after an October deal with Hertz Global Holdings Inc. signaled broader mainstream adoption of its electric cars. But that 35% rally is gone now. Tesla slid 4.2% on Monday, getting as low as $893.39. That put the shares below where they’d closed right before the $4.2 billion Hertz deal was… Continue reading Tesla loses all the gains from 35% rally stoked by Hertz EV deal
Tag: Electric vehicles
Ford issues recall on 2,600 Mach-Es and Mavericks
Ford Motor Co. on Monday confirmed it is recalling a combined 2,626 all-electric Mustang Mach-E SUVs and Maverick pickup trucks in the U.S. over an issue that could result in rear seat belts not adequately restraining a passenger in a crash. Company spokesperson Said Deep said the Dearborn automaker last week filed paperwork with the National… Continue reading Ford issues recall on 2,600 Mach-Es and Mavericks
Whitmer signs $1.5B biz incentive bills, $841M plan for COVID testing, rental aid
Detroit — Gov. Gretchen Whitmer signed several bills Monday that state leaders say will finance millions of dollars in incentives that will attract businesses, create job and make Michigan more competitive. The $1.48 billion spending plan signed by Whitmer with GOP legislative leaders and economic development officials in tow in Detroit will use tax dollars to lure… Continue reading Whitmer signs $1.5B biz incentive bills, $841M plan for COVID testing, rental aid
Rocketing used car values, digital drive, acquisitions
The past year has been an extraordinary one with dealers having to adapt to a rapidly changing market. Cazoo has spent the year sponsoring major sports events to build its brand in the UK and Europe, buying in logistics, refurbishment, fleet and leasing services to ramp up sales. It is joined by cinch (owned by… Continue reading Rocketing used car values, digital drive, acquisitions
@VW Group: Clever tips for optimising the ŠKODA ENYAQ iV’s range in winter004378
“Driving in winter places high demands on modern electric vehicles like the ŠKODA ENYAQ iV. While a model with a combustion engine uses the engine’s waste heat to warm the interior, the energy required for this in an electric vehicle comes from the traction battery. The thermal management of the battery also consumes electricity, which is… Continue reading @VW Group: Clever tips for optimising the ŠKODA ENYAQ iV’s range in winter004378
@VW Group: World first: start of the Audi charging hub as an urban quick-charging concept004378
With the continuously growing number of electric models, the demands made on charging infrastructure is increasing. Today at the exhibition center in Nuremberg, the first Audi charging hub is going into operation as the only charging concept of its kind in the world. The Audi charging hub opens for customers on December 23. The modern… Continue reading @VW Group: World first: start of the Audi charging hub as an urban quick-charging concept004378
Ford Pro Charging offers comprehensive commercial EV charging solution
Ford Pro, a division of Ford that caters to commercial fleet customers, has launched a comprehensive solution for commercial EV charging. The new Ford Pro Charging program is designed to help ease the complex transition from ICE to EV fleets by delivering software and commercial hardware infrastructure to support charging and energy management. “Customers are… Continue reading Ford Pro Charging offers comprehensive commercial EV charging solution
EV startup Canoo loses chief technology officer and two co-founders
EV startup Canoo is losing three top executives, including its chief technology officer Peter Savagian, as part of an apparent shakeup of its leadership team. Savagian, the former chief engineer of General Motors EV1 electric car, will leave Canoo by the end of the year, according to the last line of a press release published… Continue reading EV startup Canoo loses chief technology officer and two co-founders
Elon Musk Brags That He’s Paying More Taxes Than Anyone Else in History
Tesla CEO Elon Musk is finally paying his taxes this year — and he wants to be celebrated for his generosity! “For those wondering, I will pay over $11 billion in taxes this year,” Musk tweeted late Sunday night, in an apparent bid for a pat on the back for doing something most other Americans… Continue reading Elon Musk Brags That He’s Paying More Taxes Than Anyone Else in History
Valvoline receives Cummins Inc.’s prestigious 2021 Global Supplier Recognition Award
LEXINGTON, Ky., Dec. 20, 2021 /PRNewswire/ — In a recent ceremony, Valvoline, Inc. (NYSE: VVV) received a 2021 Global Supplier Recognition Award in the category of Global Best Safety Practices, indirect sourcing, from global power leader Cummins, Inc. This honor puts Valvoline in an elite group of Cummins suppliers recognized for supporting the company and… Continue reading Valvoline receives Cummins Inc.’s prestigious 2021 Global Supplier Recognition Award