Volkswagen CEO Herbert Diess spoke virtually at the automaker’s Annual General Meeting on Thursday, singing praises about the company’s financial success last year. Diess said that Volkswagen had a successful 2021, boasting a strong operating result as the company makes major shifts toward electrification, as detailed in a press release on Thursday. Diess said, “We […]
Rivian recalled 502 R1T electric pickups due to sensors in the front passenger seat not disabling the airbag when a child is present, according to Automotive News. The recall is Rivian’s first safety recall, and the automaker said on Tuesday that the occupant system hadn’t been properly calibrated. In the report, Rivian wrote, “The customer […]
Electric vehicle maker Rivian has announced its Q1 2022 earnings, revealing it produced 2,553 vehicles, while delivering 1,227 of them and generating $95 million in revenue. However, Rivian’s net loss in Q1 was $1.59 billion, compared to $410 million in the year-ago quarter, nearly quadrupling. “Since March 31, 2022, we have been forced to stop […]
Volkswagen confirmed on Wednesday it will re-launch its Scout brand in the U.S., as an independent company to design an electric pickup and SUV. The news comes after earlier reports said Scout would relaunch as electric only. The company shared a sketch of what the Scout electric SUV and pickup could look like. Production of […]
The transition to electric vehicles (EVs) is causing brands to revisit old classics, including one Volkswagen classic set to debut on the EV stage. Volkswagen plans to renew the classic Scout as both an electric SUV and an electric pickup, according to a report on Tuesday from The Wall Street Journal. The vehicle, originally marketed […]
Justin, Texas-based electric vehicle startup Canoo announced its Q1 earnings on Tuesday, and the company says it’s running out of cash and may not be able to continue. “We have been clear about our philosophy of raising capital judiciously and will continue with this disciplined approach,” said Tony Aquila, Investor, Chairman & CEO at Canoo, […]
Apple has officially been granted a new patent from the U.S. Patent and Trademark Office (PTO) for an electric vehicle (EV) charger featuring a docking process that would allow for both autonomous charging and for drivers to be able to charge without ever leaving their car — reports Patently Apple. The automotive industry as a […]
Lucid Motors announced on Monday it has started deliveries of its Lucid Air electric sedan in Canada. “Now delivering Dreams to our friends in Canada. Welcome to the #LucidOwnersClub. #DreamAhead”, said the automaker, including a short video of one of its Lucid Air sedans backing out of a trailer, accompanied by the background music of […]
Tesla’s position in the electric vehicle market and the auto market in general are both unmatched, and one legacy automaker’s head is noting that it may make it difficult to achieve some of the company’s lofty goals. Volkswagen may have a hard time reaching its goal of becoming the world’s biggest EV seller by 2025, […]
Ford Motor Co. is planning to sell 8 million shares out of its 12% stake in electric truck startup Rivian Automotive — reports CNBC. Ford will sell the shares through Goldman Sachs, sources told the publication. The veteran automaker currently owns a total of 102 million shares in Rivian. The shares will go on sale for […]
Lucid Group today announced its financial results for the first quarter of 2022 ended March 31. The electric vehicle (EV) startup reported a total of 360 customer deliveries for Q1, with total revenue of $57.7 million USD. In comparison, electric truck startup Rivian delivered 1,227 vehicles during the same period, while Chinese EV maker NIO […]
Elon Musk’s underground tunnel company continues to solidify building plans with some cities, and it recently got approval from one suburb of Austin, Texas to build a pedestrian tunnel. The Boring Company has gotten the green light from Kyle City Council to begin engineering working on a pedestrian tunnel, according to the Austin Business Journal. […]
As Apple’s mysterious self-driving car project continues to test and grow behind the scenes, a new patent related to the company’s possible car tech was published this week. The U.S. Patent and Trademark Office published a patent from Apple on Tuesday relating to autonomous driving and an advanced “Guidance System” that fine-tunes final destinations, according […]
Contemporary Amperex Technology Co. (CATL), one of the world’s largest manufacturers of batteries for electric vehicles (EVs), saw shares plunge after posting its quarterly earnings. CATL shares dropped off by 10.8 percent on Thursday after reporting its largest drop in quarterly earnings yet, according to Bloomberg. CATL’s net income dropped 24 percent to 1.49 billion […]
NIO plans to unveil the ES7 electric SUV at the end of the month, and a handful of pictures have surfaced showing the vehicle without any privacy wraps ahead of the release. The NIO ES7 was spotted in a series of photos without any camoflauge wrap, as shared on Thursday by Yiche (via CNEVPost). The […]
