Tesla Motors Profit Surprises Investors Ahead of Merger Vote
Tesla’s chief, Elon Musk, who is SolarCity’s largest stockholder, is under pressure to prove that the electric carmaker can be a profitable foundation for a merger.
Battle over VW’s $2 billion fund for electric-car charging: sorting out the questions
Yesterday, federal judge Charles Breyer signed the final agreement committing Volkswagen to buy back or modify the 465,000 TDI 2.0-liter diesel vehicles that are the main focus of the VW diesel scandal. As part of that settlement, Volkswagen has also committed to providing $2 billion in funds to install charging or fueling infrastructure for... VW diesel settlement, 2017 Mini Countryman, Lucid Motors: Today’s Car News
Today, the Volkswagen diesel settlement for 2.0-liter cars receives final approval, the 2017 Mini Countryman crossover appears ahead of the 2016 Los Angeles Auto Show, and Atieva changes its name to Lucid Motors, but continues with plans for a sporty electric car. All this and more on Green Car Reports. Atieva is now Lucid Motors, and it claims to... New 2017 Mini Countryman, including plug-in hybrid: ‘biggest Mini yet’
Over the past few years, Mini models have been getting bigger, to point where most aren't particularly "mini" anymore. That might seem to go against what the brand is supposed to be about, but parent company BMW is embracing it. The German automaker touts the 2017 Mini Countryman—the second-generation crossover from its British ward—as... Curbside electric-car charging in Jersey City highlights importance for city drivers
City living presents many challenges for car owners, with parking among the most significant and painful. Scarce parking spaces are a particular problem for electric-car drivers, who typically charge their cars where they park overnight. Many electric-car drivers charge at home, but those owners who park on the street rather than in a private... Final VW diesel settlement signed; buyback offers to start soon
As expected, yesterday U.S. District Judge Charles Breyer signed the final agreement among Volkswagen, the EPA, and the state of California covering the bulk of VW's diesel emission cheating scandal. The agreement means that buyback offers can now be issued to owners of almost half a million vehicles sold by Volkswagen and Audi from 2009 through... Electric cars pose ‘resoundingly negative’ threat to oil companies: analyst Fitch
It goes without saying that mass adoption of electric cars would lead to a massive decrease in oil consumption over time. So far, though, the oil industry hasn't seemed to give plug-in electric cars much attention. ExxonMobil and OPEC have both predicted that, even by 2040, electric cars will make up less than 10 percent of global new-car sales... Electric cars pose ‘resoundingly negative’ threat to oil companies: analyst Fitch
It goes without saying that mass adoption of electric cars would lead to a massive decrease in oil consumption over time. So far, though, the oil industry hasn't seemed to give plug-in electric cars much attention. ExxonMobil and OPEC have both predicted that, even by 2040, electric cars will make up less than 10 percent of global new-car sales... Atieva now Lucid Motors; plans 300-mile, 900-hp electric car
Chinese-backed startup Atieva has changed its name to Lucid Motors, and revealed more details about its planned electric car. From what we know so far, that car will be a fast luxury sedan with a range of around 300 miles, putting it in competition with the Tesla Model S. The company now known as Lucid is one of several startups aiming to repeat... Apple Car dead, Fisker electric car hype, Faraday factory imperiled: Today’s Car News
Today, a report indicates that Apple is scrapping plans to build its own electric car, Henrik Fisker teases his latest electric-car design, raising questions in the process, and Faraday Future reportedly misses payments to the lead contractor on its Nevada factory. All this and more on Green Car Reports. The Apple Car always faced insanely great...