Ford Shifts Strategy: Next-Gen Electric Truck Delayed, SUV Canceled
Ford announced a delay in the production of its next-generation all-electric pickup truck at a new Tennessee plant and canceled plans for a three-row electric SUV. The company…
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Ford BlueCruise Launches in 15 European Countries
Ford has announced that its BlueCruise hands-free highway driving technology is now available in 15 European countries following approval by the European Commission. This expansion brings the total…
BYD Eyes Canadian Market Amid Potential Tariffs
BYD is poised to enter the Canadian auto market, a move expected to significantly impact the electric-vehicle (EV) segment and attract federal scrutiny. Trade officials in Ottawa are…
Ford Reports $1.1 Billion Loss on Electric Vehicles in Q2
Ford’s electric vehicle (EV) business recorded a significant loss of $1.1 billion in the second quarter of 2024. Despite generating $1.1 billion in revenue, the EV unit faced…
Rivian CEO Criticizes EV Market for Copying Tesla’s Model Y
Rivian CEO and founder RJ Scaringe addressed the current state of the electric vehicle (EV) market and competition with Tesla in a recent interview with Nilay Patel, editor-in-chief…
Ford Shifts EV Production to Gas Trucks at Canada Plant
Ford announced on Thursday it plans to assemble F-Series Super Duty pickups at its Oakville Assembly Complex in Ontario, Canada, starting in 2026. This move will boost production…
Rivian Q2 Deliveries Surpass Wall Street Expectations
Rivian’s stock increased on Tuesday after the electric vehicle manufacturer reported quarterly delivery figures that significantly surpassed forecasts. The California-based company announced it delivered 13,790 vehicles in the…
Rivian Secures Up to $5 Billion Investment from Volkswagen
Rivian Automotive and Volkswagen Group have announced plans to form a joint venture to develop next-generation software-defined vehicle (SDV) platforms. The partnership aims to enhance the software technology…
Lucid’s EV Tech is Better Than Tesla, Claims CEO
Lucid CEO Peter Rawlinson recently asserted that Lucid has surpassed Tesla in electric vehicle technology, stating that Lucid is now the tech leader in the industry. “If we…
GM Lowers 2024 EV Production Targets Amid Slower U.S. Adoption
General Motors (GM) is reducing its forecasted sales and production of all-electric vehicles (EVs) for this year, citing slower-than-anticipated U.S. adoption of EVs. GM Chief Financial Officer Paul…
Rivian Launches Second-Gen R1S and R1T
Rivian has unveiled the second generation of its flagship vehicles, the R1S SUV and R1T pickup. These new models feature advanced performance capabilities, an evolved tech platform, and…
Tesla Layoffs Delay Supercharger Access for Polestar, GM
Tesla’s recent decision to lay off its entire Supercharger team has led to delays in the timeline for connecting more non-Tesla brands to its charging network. Initially, Tesla’s…
GM Seeks to Recruit Tesla’s Former Interns Amid Layoffs
General Motors is actively seeking to recruit software interns impacted by Tesla’s recent downsizing. Laura del Amo, a talent sourcing strategist for GM, made a public appeal on…
Lucid Posts $685 Million Loss in Q1 Amid Slow EV Demand
Lucid Motors has reported a substantial net loss of $685 million in the first quarter of 2024, despite a slight improvement from the $780 million loss recorded in…
Ford Q1 Sees Massive $1.3 Billion Loss on Electric Vehicles
Ford’s electric vehicle (EV) division, Model e, experienced significant financial setbacks in the first quarter of 2023, recording a staggering loss of $1.3 billion. This equates to an…