Electric Vehicles

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Northvolt Hires Restructuring Expert to Oversee its Main Factory

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Several investors have already dropped out of Northvolt’s rescue talks Bloomberg News Sweden’s Northvolt AB hired restructuring expert Paul O’Donnell to oversee its main factory unit, as time runs short for the struggling battery maker to mend its finances outside of bankruptcy court. O’Donnell, who has helped Thames Water engage with creditors, will become chairman of Northvolt …

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Ford to Slash 4,000 Jobs in Europe as EV Transition Loses Momentum

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Peers including Volkswagen AG and Stellantis NV have issued profit warnings in recent months Bloomberg News Ford Motor Co. will look to eliminate another 4,000 positions in Europe, further retrenching within a region where the transition to electric vehicles is losing traction industry-wide. The reductions — which amount to about 14 per cent of Ford Europe’s …

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From Oil to EVs, Here’s What a Trump Victory Means for Energy

Carbon Capture, Electric Vehicles, Energy Services, Energy Topics & Technology, Latest, Natural Gas, Nuclear, Oil / By

Win empowers him to attack climate policies he’s dubbed a scam Republican will also push policies to produce more oil and gas Donald Trump’s victory promises to shake up US energy and environmental policy, with sweeping implications for oil production, offshore wind development and electric vehicle sales. The win empowers him to deliver on his …

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Struck by Lightning: Ford to Halt F-150 Lightning Production at Michigan Plant

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While Lightning sales are up this year, they are far short of Ford’s ambitious expectations Bloomberg News Ford Motor Co. plans to shut down the Michigan factory that produces its F-150 Lightning plug-in pickup truck, its signature electric vehicle, through the end of the year as demand for EVs continues to wane. The move is the latest …

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China’s BYD Revenue Eclipses Tesla for First Time as EV Giants Go Head to Head

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Both electric carmakers have emerged as breakout threats to legacy automakers Bloomberg News BYD Co. Ltd. notched up another win over Tesla Inc. on Wednesday, reporting quarterly revenue that beat Elon Musk’s carmaker for the first time since the pair have gone head-to-head in global electric vehicles sales. Revenue for China’s best-selling automaker soared 24 per cent year-on-year to 201.1 billion …

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Electric Shockwave: VW Seeks Unprecedented Plant Closings in Germany as Auto Crisis Deepens

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Plans to cut thousands of jobs and slash wages as Europe’s biggest automaker tries to halt its tailspin Bloomberg News Volkswagen AG plans to close at least three factories, eliminate thousands of jobs and slash wages for tens of thousands of German workers as Europe’s biggest automaker tries to halt its tailspin. The proposals to fix …

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Tesla Posts Higher-Than-Expected Profit on Delivery Growth

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Projects 50% growth next year over its 2023 production volumes Bloomberg News Tesla Inc. surpassed Wall Street estimates for earnings in the third quarter and projected a slight increase in deliveries for the current year, reflecting a rebound in demand for its electric vehicles. The company on Wednesday reported adjusted earnings of 72 cents per share for …

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Elon Musk Unveils $30,000 Tesla Cybercab with 2026 Production, but Details Lacking

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Bloomberg News Elon Musk Showcases Tesla’s Autonomous ‘Robocab’ and ‘Robovan’ as Company Pivots to Robotics Elon Musk’s unveiling of self-driving taxi prototypes let down some Tesla Inc. investors, with many expecting more particulars on how the carmaker can possibly pull off his latest robocar predictions. Tesla might currently be riding the failures of the Cybertruck, but the company’s …

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GM Hints at Cheaper Electric Truck With 350-Mile Range

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The Detroit-based automaker is working to secure a supply of lithium iron phosphate batteries General Motors Co. hinted that it’s developing a lower-cost electric pickup truck that could boast a 350-mile range. The Detroit-based automaker is working to secure a supply of lithium iron phosphate batteries in North America, said Kurt Kelty, GM’s vice president …

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‘It’s Not Range Anxiety, It’s Change Anxiety’: Ford Offers Free EV Chargers and Installation Worth $2,300

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Bloomberg News Ford Motor Co. is offering free home chargers and installation to buyers of its electric vehicles in a bid to boost sales and overcome range anxiety among mainstream car shoppers. The incentive program will begin Tuesday and run through the end of the year, Ford officials said in a briefing with reporters. It’s available on the …

‘It’s Not Range Anxiety, It’s Change Anxiety’: Ford Offers Free EV Chargers and Installation Worth $2,300 Read More »

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