Newsfeeds - Spark Newswire

2 minute read

Ford Is Deemphasizing ICE In Favor Of EVs But CEO Says This Could ‘Certainly’ Lead To A Negative Margin Mix For Legacy Automaker

Today, 3:57 PM

Ford Motor Co’s (NYSE: F) efforts to pivot from traditional combustion engines to electric vehicles could see it run into a negative margin mix as the demand for IC engines is expected to remain strong for a while in the United States, CEO Jim Farley told investors on Wednesday.

3 minute read

EV Sales Growth Is Outpacing That Of Traditional Industry

By IAM Newswire

Today, 3:57 PM

While still making barely a sliver of the overall market pie, plug-in vehicle sales more than doubled during the first half of the year, outpacing the 29% rise for total vehicle sales, according to research firm Wards Intelligence.

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3 minute read

Automakers Are Hitting The Accelerator In The EV Race

By IAM Newswire

Today, 3:57 PM

On Thursday, Daimler AG (OTC: DDAIF) has officially hit the accelerator in the e-car race with Tesla (NASDAQ: TSLA), revealing it will invest more than 40 billion euros in EVs by 2030.

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2 minute read

Worksport Is Set to Charge Automakers Toward an EV Future

By Lindsey Tomasko

Today, 3:57 PM

Countries across the globe are putting spotlight on EV development. Last week, The European Commission voted to ban the sale of gasoline and diesel-powered vehicles by 2035. In order words, Europe has shown its commitment to change the energy matrix in transport.

2 minute read

Volkswagen Has A Giant Share Of China’s Auto Market — But When It Comes To EVs, It Still Can’t Match Up To Tesla

By Rachit Vats

Today, 3:57 PM

Volkswagen AG (OTC: VWAGY) all-electric vehicle deliveries in China more than doubled to 18,285 vehicles in the first half of the year but fell massively short of ace rival Tesla Inc’s (NASDAQ: TSLA) nearly 145,181

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2 minute read

News
Tech

Elon Musk Says Tesla To Open Supercharger Network To Other EVs Later This Year

By Rachit Vats

Today, 3:57 PM

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Tuesday the electric vehicle maker was the first to create a charging system with capabilities to handle both low and high-power charging connections at a time when it was the only company making long-range electric vehicles.

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2 minute read

GM Confirms It’s Working On A Third Electric Pickup, Which Will Be A Full-Size Truck

By Rachit Vats

Today, 3:57 PM

General Motors Co (NYSE: GM) is working on a GMC electric pickup truck to follow the GMC Hummer EV and the electric Chevrolet Silverado, a company executive said at a media event on Monday, as

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2 minute read

Ford Mulls Shipping Vehicles Without Chips To Dealers To Keep Plants Running: Report

By Rachit Vats

Today, 3:57 PM

Ford Motor Co (NYSE: F) is exploring shipping vehicles sans chips to dealers as it looks to mitigate the inventory pileup of unfinished vehicles and keep the manufacturing plants running, Automotive News rep

2 minute read

GM Has Potential To Trade At Multiples Similar To Tesla, Wedbush Says As It Initiates Coverage With ‘Outperform’ Rating

By Rachit Vats

Today, 3:57 PM

General Motors Co (NYSE: GM)’s sharp focus on the switch to electric vehicle rollout is being noticed by Wall Street investors and the Detroit-based legacy automaker could trade at multiples similar to Tesla Inc.

1 minute read

EU Fines BMW, Volkswagen $1B Over Delaying Clean Emissions Technology

By Phil Hall

Today, 3:57 PM

The European Union has imposed approximately $1 billion in fines on Bayerische Motoren Werke AG (OTC: BMWYY) and Volkswagen AG (OTC: VWAGY) for a collusion scheme designed to limit the slow the introduction of AdBlue emissi

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