Electric and autonomous vehicle ETF falls 15% in September

GMC vehicles sit on display at the Sterling McCall Buick GMC dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images A key ETF for electric and autonomous vehicle stocks suffered an ugly month in September, falling nearly 15% amid fears a recession could slow revenue for the automakers. The Global X … Read more

Toyota CEO doubles down on EV strategy amid criticism it’s not moving fast enough

A Toyota bZ4X on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC LAS VEGAS – Toyota Motor is standing by its electric vehicle strategy, including hybrids like the Prius, following criticism by some investors and environmentalist groups that the company is transitioning too slowly to EVs. Toyota CEO Akio … Read more

Elon Musk May Lose a Lot in Three Days

It’s money time for Elon Musk. If summer has passed, autumn is off to a flying start for the richest man in the world. The tech tycoon has important appointments at the end of September that could have a considerable impact on the empire he is building. These appointments can also affect the image of … Read more

Convertible sales fall in US amid popularity of EVs, SUVs

2024 Ford Mustang Source: Ford Convertibles – once a sign of open-air freedom, road trips and summer adventures – are fading away as the auto industry shifts to all-electric cars and more rugged sport utility vehicles. Sales of traditional drop-tops such as the Chevrolet Camaro and Ford Mustang, as well as roadsters such as the … Read more

Biden administration picks former Chicago, DC transportation leader to head EV charging program

Washington, DC CNN Business – Gabe Klein, who has led transportation departments in Washington, DC and Chicago, will head the Biden administration’s $ 7.5 billion program to build out the country’s electric vehicle charging network. Klein will serve as executive director of the Joint Office of Energy and Transportation, which was established by the bipartisan … Read more

Mercedes-Benz EQS 580 4MATIC Bookings Start at 25 Lakh, India Launch on September 30

Mercedes-Benz India has started pre-bookings for the all-electric EQS ​​580 4MATIC SUV at a token payment of Rs 25 lakh in the country. It can be booked online as well as by visiting the Mercedes-Benz dealerships. Nitin Gadkari, Honorable Minister of Road Transport & Highways, Govt. of India will roll out the first unit of … Read more

What’s Inside Of Biden’s Big Electrification Plan?

Biden, this week, launched a major funding scheme for the widescale expansion of electric vehicle (EV) infrastructure across the US to support the development of a massive EV fleet. The President hopes that greater investment in EV charging stations, as well as tax credits for EV development and uptake, will encourage automakers to roll out … Read more

Ford CEO Jim Farley reveals why 2024 Mustang is staying gas-powered

Ford Chair Bill Ford and President and CEO Jim Farley converse in front of newly revealed Mustang Dark Horse at The Stampede in downtown Detroit on Sept. 14, 2022. Ford DETROIT – Ford Motor CEO Jim Farley was in his element Wednesday night, surrounded by gearheads and the automaker’s new 2024 Mustang models, including a … Read more

Ford outlines EV investment structure for its dealers as it chases Tesla-like profit

Ford CEO Jim Farley poses next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022. Rebecca Cook | Reuters LAS VEGAS – Ford Motor is asking its nearly 3,000 dealers to invest upward of $ 1 million in upgrades … Read more

Nikola founder Trevor Milton stands trial on fraud charges

CEO and founder of US Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019. Massimo Pinca | Reuters The founder of electric semitruck maker Nikola Motor is standing trial on fraud charges related to statements … Read more