Two newcomers to the electric-vehicle market, Nidec Corp. and Foxconn Technology Group’s automobile arm, unveiled an agreement on supplying electric powertrains — the collection of components including the motor, gears and drive shaft that propel a vehicle.
March 18, 2021Business, Technology, Fuel
Nidec to Supply Motors for Foxconn’s Electric Vehicle Initiative
Business, Technology, Fuel
Lordstown Motors Sets Debut Report Without EV Pickups to Show Off
Lordstown Motors Corp.’s first-ever quarterly report is likely to be overshadowed by broader concerns about customer demand and progress on getting production going at the electric-vehicle startup.
March 17, 2021Business, Technology, Fuel, Autonomous
BMW Ramps Up Move to Electric Cars
FRANKFURT, Germany — BMW intends to speed the rollout of new electric cars, vowing to bring battery-powered models to 50% of global sales by 2030, the German automaker said March 17.
March 17, 2021Business, Technology, Equipment, Fuel
VW Shares Soar on Plans to Beat Tesla
Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back days of briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.
March 16, 2021Business, Technology, Fuel
Foxconn Mulls Making EVs at Wisconsin Plant
TAIPEI, Taiwan — Foxconn Technology Group, the world’s largest electronics manufacturer, is considering making electric vehicles at its highly anticipated Wisconsin plant that has been scaled back since its announcement in 2017, the company’s chairman said March 16.
March 16, 2021Business, Technology, Fuel, Autonomous
Electric Last Mile Gets 45,000 Van Orders Amid E-Commerce Boom
Electric Last Mile Inc., the plug-in delivery van startup that’s in the process of merging with blank check company Forum Merger III Corp., said it has 45,000 preorders and will start production at the former Hummer plant in Indiana in the third quarter.
March 16, 2021Business, Technology, Fuel, Autonomous
Automakers Embrace EVs, but What About Buyers?
DETROIT — The world’s major automakers have made something abundantly clear: They believe electric vehicles will dominate their industry in the years ahead. But do customers feel the same way?
March 15, 2021Government, Fuel
Diesel Climbs 4.8¢ to $3.191 a Gallon
The national average price for a gallon of diesel rose 4.8 cents to $3.191 a gallon, according to data released by the Energy Information Administration on March 15.
March 15, 2021Business, Technology, Fuel, Autonomous
GM-Backed Cruise Buys Self-Driving Startup Voyage
Cruise, the self-driving technology company that’s majority-owned by General Motors Co., said it acquired autonomous-vehicle startup Voyage, which operates a service in retirement communities.
March 15, 2021Business, Technology, Fuel, Autonomous
Tesla Names Jerome Guillen President of Heavy Trucking
Tesla Inc. said Jerome Guillen, who’s been president of automotive since September 2018, transitioned last week to president of Tesla heavy trucking.
March 15, 2021