Ford announced on Wednesday a significant price adjustments for its 2024 model year F-150 Lightning pickups. The changes include both increases and decreases in prices across different trims, as the company aims to balance sales growth and profitability. The entry-level Pro trim, primarily for commercial buyers, will see a price rise from $52,090 to $57,090. […]
Rivian experienced a nearly 10% drop in its share value in early trading on Tuesday, following a report of increased vehicle production but a decline in deliveries for the fourth quarter. The electric vehicle (EV) manufacturer delivered 13,972 vehicles from October through December, marking a 10.2% decrease from the third quarter of 2023. However, these […]
General Motors has initiated legal action against the city of San Francisco, contesting a $108 million tax levy imposed over a span of seven years. The automotive giant claims the city unjustly linked the tax to a portion of its global revenue due to the presence of its Cruise self-driving unit, despite GM’s minimal operational […]
NIO Day 2023 commenced in Xi’an yesterday, illuminating the city’s skyline and marking the beginning of a new journey for the Chinese electric vehicle manufacturer. The event, set against the backdrop of Xi’an’s historical significance, showcased NIO’s latest advancements in electric vehicle technology and infrastructure. The spotlight of NIO Day 2023 was the official reveal […]
Ford Motor Company faces a significant divide among its dealers regarding the transition to electric vehicle (EV) sales and services. According to the Detroit Free Press, approximately half of Ford’s dealers in the United States, totaling around 1,550, have opted not to sell EVs in 2024. Instead, they are waiting to decide whether to invest […]
Volkswagen, Audi, Porsche, and Scout Motors have announced their commitment to implement Tesla’s North American Charging Standard (NACS) in their future electric vehicles starting in 2025. This move is set to significantly enhance the charging experience for EV customers in North America. Back in June, Volkswagen said it was “evaluating” supporting NACS, and now it […]
Chinese electric vehicle maker NIO has announced a significant financial boost with a $2.2 billion USD investment from CYVN Holdings L.L.C, an Abu Dhabi-based investment firm. This investment, referred to as the December Investment Transaction, involves CYVN subscribing for 294,000,000 newly issued Class A ordinary shares of NIO at a purchase price of $7.50 per […]
AT&T and Rivian have entered into an agreement, marking a significant step in AT&T’s sustainability efforts. Under this partnership, AT&T will integrate Rivian electric vehicles (EVs) into its commercial fleet starting in early 2024. This pilot program is part of AT&T’s broader initiative to improve safety, reduce operational costs, and diminish its carbon footprint. The […]
Cruise, General Motors’ troubled self-driving car subsidiary, announced it is laying off approximately 900 employees, equating to 24% of its workforce. This decision is part of the company’s strategy to reduce costs and restructure operations following an incident on October 2, which involved a pedestrian being struck and dragged by one of its autonomous vehicles. […]
Ford is set to cut the production of its electric F-150 Lightning pickup by half in the coming year, responding to changes in market demand. This decision marks a significant scale-back for the automaker, which had previously ramped up efforts to increase production of the high-profile electric vehicle (EV). An internal planning memo obtained by […]
Masahiro Moro, the newly appointed global CEO of Mazda, is steering the company towards a future heavily invested in electric vehicles (EVs). Moro, who previously led Mazda’s North American operations to record U.S. sales, is now focused on launching Mazda’s first dedicated electric vehicle platform. By 2030, Mazda anticipates up to 40% of its global […]
Kia’s upcoming luxury SUV, the EV9, slated for a 2024 release in Europe, Asia, and the US, is set to be one of the first vehicles equipped with a sound system specifically designed for electric vehicles. British audio experts Meridian Audio have developed this 14-speaker system, tailored to meet the unique acoustic challenges of electric […]
Kyle Vogt, the co-founder of Cruise who led the company from a startup to its acquisition by General Motors (GM), has resigned from his CEO position. This development was revealed in an email Vogt sent to employees, as reported by TechCrunch, which obtained a copy of the email. Following Vogt’s departure, GM Chair and CEO […]
Polestar has announced a strategic partnership with Tesla to connect to its Supercharger network in China. The announcement, made by Polestar China CEO Shen Ziyu, positions Polestar as one of the first partners to share Tesla’s charging infrastructure in the region. This development is a significant step in Polestar’s plan to establish its own charging […]
Mercedes-Benz has launched its first Mercedes-Benz Charging Hub in Sandy Springs, Georgia, at the headquarters of Mercedes-Benz USA. The company first announced its charging network plans back in January. This hub marks the beginning of a widespread network of premium electric vehicle (EV) charging stations across North America, as part of Mercedes-Benz’s over $1 billion […]
