Ford profit drops 50 percent because of a global chip shortage.
Ford has had to halt or slow production of highly profitable models like the F-150 pickup truck and various sport-utility vehicles.
G.M. to Boost Electric Vehicle Spending, Build Battery Plants
General Motors’ push to increase E.V. spending follows an announcement by Ford that it would start making an electric version of its F-150 pickup truck this year.
In an about-face, Lordstown Motors says it will start production in September.
Lordstown said last week that it needed to raise more money and might not survive. Now, the company’s new executive chairwoman has said “It’s a new day at Lordstown Motors.”
Ford F-150 Lighting is a Major New E.V. Contender
If it sells well, an electric version of the best-selling vehicle in the U.S. could help accelerate the move to electric vehicles.
EVs could get more expensive as US trade war heats up
As the U.S. government's trade war with China heats up, it looks like it soon might spill over into electric cars. Chinese state-run media outlets have begun threatening that the government will impose new tariffs on rare-earth metals used in the permanent magnet motors in electric cars as well as capacitive touch screens and electronic capacitors... EVs could get more expensive as US trade war heats up
As the U.S. government's trade war with China heats up, it looks like it soon might spill over into electric cars. Chinese state-run media outlets have begun threatening that the government will impose new tariffs on rare-earth metals used in the permanent magnet motors in electric cars as well as capacitive touch screens and electronic capacitors... Volvo’s US Polestar electric-car plans are in flux over China tariffs
Higher tariffs placed on cars made in China won't impact Polestar's future plans for the U.S. but could affect the price of its cars, the brand said Wednesday. Responding to reports that its CEO suggested that the nascent electric carmaker, which is owned by Volvo, might pull the plug on cars in the U.S., a Polestar spokesman confirmed that their... Tesla Model 3 production target reached but did automaker cut corners?
Tesla pulled out all the stops to get 5,000 Model 3s built by July 1 including pulling workers from other assembly lines, halting Model S and X production to paint nothing but Model 3's, but also critically eliminating an industry standard brake test designed to ensure quality, according to a Reuters report. One factory insider said the company... Tesla Model Y coming in 2020; Roadster and Semi still on the way, says Musk
Tesla CEO Elon Musk told shareholders Tuesday that the last few months have been "hellacious" for building the Tesla Model 3, but that the automaker expects by the end of this month to build 5,000 of the mid-size luxury sedan each week and beyond. "It's insanely hard to stay alive," Musk added. The Model 3 may be critical for the automaker to stay... Volvo ditches diesel, but will half its cars be electric by 2024?
Volvo says it is going all-in on electric cars in an effort to turn the company into something of a Tesla alternative. To that end, the company has announced that half its cars will be battery electric models by 2024, according to a report in Road & Track earlier this year. It has also dedicated its high-performance Polestar brand to selling...