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Automobile
Elon Musk warns of ‘very tough quarter’ for Tesla
Tesla Inc. has had a “very tough quarter” as it struggles with supply-chain snags, CEO Elon Musk warned in an internal memo, imploring workers to help get the EV maker back on track.
“This has been a very tough quarter, primarily due to…
First Shift: Reinventing the wholesale auction landscape
• Transforming wholesale auctions
• Survey: Car seekers go the distance
• VW and Mercedes-Benz on EU's ICE ban
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VW increases production at main EV plant as parts shortages ease
VW's Saxony division, which operates the plant, said the supply of parts is now stable enough for the factory to return to three-shifts.
This will help to clear an order backlog for EVs built at the plant, VW Saxony CEO Stefan Loth said…
Ferrari names luxury goods executive Carla Liuni its chief brand officer
“It is increasingly critical to be able to build and maintain a relevant brand identity that resonates with our community and is reflective of the world in which we live,” Vigna said in a news release. “Carla has the experience, the…
Michigan battery startup ONE aims for 600 miles of range on BMW prototype
Michigan battery startup Our Next Energy is moving beyond what founder Mujeeb Ijaz calls "a scientific curiosity."
The company, which aims to double the range of vehicles compared with today's standards, is placing its hybrid battery…
BMW, supplier expect to demonstrate a 600-mile range for this cutting edge EV battery
Michigan battery startup Our Next Energy is moving beyond what founder Mujeeb Ijaz calls "a scientific curiosity."
The company, which aims to double the range of vehicles compared with today's standards, is placing its hybrid battery…
LMP Automotive sues over held deposits in terminated acquisitions
LMP Automotive Holdings Inc. has sued two dealership owners, seeking a combined $3 million in deposits the auto retailer made to acquire stores and property in New York and Texas. The lawsuits follow LMP Automotive terminating the deals…
GM’s Brightdrop acquires startup tech firm to help customers’ fleet operations
General Motors' electric van unit, BrightDrop, said it acquired technology startup Marain Inc. to "analyze, forecast and identify multi-modal solutions for fleet customers."
BrightDrop launched as a GM subsidiary in January 2021 to…
Electric Last Mile’s failure is reality check for EV startups, experts say
As Electric Last Mile Solutions Inc. prepares to liquidate under Chapter 7 bankruptcy, the company's rollercoaster ride is a sobering lesson for startups and investors in the EV space, according to industry observers.
ELMS excited…
Barra says GM is ‘selling every truck we can build’
DETROIT -- General Motors CEO Mary Barra said on Monday the automaker is "selling every truck we can build" and expanding North American truck-building capacity, even as U.S. gasoline prices hit record highs.
Barra made her comments…