Electric vehicles

Europe Finalizes 2035 Death Date for ICE-Powered New Cars

Europe Finalizes 2035 Death Date for ICE-Powered New Cars

Photo: Julien De Rosa/AFP (Getty Images) The days of internal combustion engines in Europe are officially numbered, Volkswagen and Volvo are licking their wounds, and used car dealers are reminiscing about happier times — as in, 2021. All that and more in this “We’re Headed for a Recession” edition of The Morning Shift for October …

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France enters 'white gold' rush as top producer aims to supply Europe with lithium

France enters ‘white gold’ rush as top producer aims to supply Europe with lithium

A Lithium-ion battery photographed at a Volkswagen facility in Germany. The EU is looking to increase the number of electric vehicles on its roads in the coming years. Ronny Hartmann | AFP | Getty Images Paris-headquartered minerals giant Imerys plans to develop a lithium extraction project that it is hoped will help meet demand and …

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Toyota Finally Admits It Won't Make Its Full-Year Production Target

Toyota Finally Admits It Won’t Make Its Full-Year Production Target

Photo: Toyota The global chip shortage swear supply chain issues I mean Toyota is about to miss the mark in terms of production, a new report predicts top automakers could invest nearly $1.2 trillion in EVs by 2030oath Tesla’s lithium refinery plans in Texas get the green light. Those stories and more in this freaky …

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Rolls Royce's $400K EV Suggests the Rich Aren't Cutting Back

Rolls Royce’s $400K EV Suggests the Rich Aren’t Cutting Back

Alfred E. Neuman, the iconic cover boy for the humor magazine “Mad”, famously asked the question “what, me, worry?” Yes, the character did not actually exist, but one could argue that his query has some real world implications. Economic indicators are pointing to tough times ahead, yet some consumers are still shelling out some serious …

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Why BMW really decided to make batteries in the US |  CNN Business

Why BMW really decided to make batteries in the US | CNN Business

CNN — BMW recently announced a $1.7 billion investment to help prepare its huge Spartanburg, South Carolina, factory to produce electric cars and SUVs. That sum included $700 million for the construction of a battery manufacturing plant nearby. Spartanburg is BMW’s largest factory anywhere in the world. It employs 11,000 people and produces 40,000 SUVs …

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Rolls-Royce's first electric car has two doors and is longer than a Cadillac Escalade  CNN Business

Rolls-Royce’s first electric car has two doors and is longer than a Cadillac Escalade CNN Business

CNN Business — Rolls-Royce will start production of its first electric car next year. It has only two doors but is longer than a full-size SUV. And among its innumerable options, the Specter will be offered with stars in the doors. The British ultra-luxury car brand has for years offered a feature called the “Starlight …

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GM is launching a new business to connect homes and businesses with EV chargers, energy storage

GM is launching a new business to connect homes and businesses with EV chargers, energy storage

Electric Chevrolet Silverado shown at the New York Auto Show, April, 2022. Scott Mlyn | CNBC General Motors on Tuesday said that it is forming a new business unit to offer stationary battery packs, solar panels, electric vehicle chargers and other energy-management products for homes and businesses. The new unit, called GM Energy, aims to …

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How GM plans to convince consumers to make the switch to electric vehicles

How GM plans to convince consumers to make the switch to electric vehicles

Electric Chevrolet Silverado shown at the New York Auto Show, April, 2022. Scott Mlyn | CNBC When people think of electric vehicles, their minds typically jump to Tesla. But Elon Musk’s company now has a lot more EV competition from Detroit. Within the past six years, General Motors CEO Mary Barra has pushed the company …

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Elon Musk Sends Scathing Message to Tesla Investors

Elon Musk Sends Scathing Message to Tesla Investors

Elon Musk is not a Chief Executive Officer like the others. Tesla’s (TSLA) boss is atypical. He refuses to obey the rules often imposed on executives of public companies. The billionaire did not hesitate to relaunch the showdown with the US Security and Exchange Commission (SEC) despite a 2018 settlement with the regulator. In September …

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Convertibles drive into the sunset as automakers invest in electric vehicles

Convertibles drive into the sunset as automakers invest in electric vehicles

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 …

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