A Tesla Supercharger station in Petaluma, California. Tesla boss Elon Musk said Friday the electric vehicle manufacturer would invest over $500 million this year to install new superchargers, just days after a report of massive layoffs in this branch of the company. “Just to reiterate: Tesla will spend well over $500M expanding our Supercharger network […]
Credit: Unsplash/CC0 Public Domain A new approach to transport ticketing offers a step towards an integrated, transparent system that works efficiently for both ticket providers and passengers across all modes of transport. Traditional ticketing systems are based on solutions that are vulnerable to issues, including a lack of transferability across multi-modal transport networks and an […]
Honda has made big outlays as it aggressively pursues an ambitious target of acheiving 100 percent electric vehicle sales. Japanese auto giant Honda on Friday logged a record annual profit thanks to improving global vehicle sales, but issued a cautious outlook for the current fiscal year. The company said net profit for the year to […]
Fernando Suarez, the Jean C. Tempel professor of entrepreneurship and innovation at Northeastern, says Tesla’s decision “makes sense” for the car company. Credit: Matthew Modoono/Northeastern University Last week, Tesla fired 500 employees responsible for expanding its Supercharger network. The layoffs caught many by surprise, considering Tesla’s Supercharger network is dominant in the United States, often […]
Credit: Pixabay/CC0 Public Domain Tesla is yet again undergoing scrutiny from federal regulators in the United States. The issue at hand now is whether the automotive company did enough in response to the 2023 recalls by the U.S. National Highway Traffic Safety Administration (NHTSA) and Transport Canada. The recalls were issued after several collisions resulting […]
The EU plans to outlaw the sale of new fossil fuel-powered cars from 2035, meaning some jobs will inevitably become redundant. Emrullah Karaca has made brakes for the past 20 years, but he is now learning to assemble heat pumps instead, as the Continental factory where he works in northern Germany is slated to close. […]
Credit: Unsplash/CC0 Public Domain China’s automotive industry has revolutionized over the past decade, from producing basic western clones to making cars that equal the world’s best. As the manufacturing powerhouse of the world, China is also producing them in huge volumes. However, Chinese cars are facing difficulties in finding buyers in Europe. Imported cars, many […]
A Model X sports-utility vehicle sits outside a Tesla store in Littleton, Colo., June 18, 2023. Shares of Tesla stock rallied Monday, April 29, 2024, after the electric vehicle maker’s CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval for its driving software. Credit: AP Photo/David Zalubowski, […]
The logo for the Tesla Supercharger station is seen in Buford, Ga, April 22, 2021. Faced with falling global sales and a tumbling stock price, Tesla has slashed prices again on some of its electric vehicles and its “Full Self Driving” system. Tesla releases first-quarter earnings Tuesday, April 23, 2024. Credit: AP Photo/Chris Carlson, File […]
Honda hopes to sell only zero-emission vehicles by 2040, with a goal of going carbon-neutral in its own operations by 2050. Japanese auto giant Honda will open an electric vehicle plant in eastern Canada, a Canadian government source familiar with the multibillion-dollar project told AFP on Monday. The federal government as well as the province […]
A string of disappointments have raised the stakes for for Tesla’s first-quarter earnings announcement. Tesla CEO Elon Musk faces heightened pressure with Tuesday’s earnings report to reassure investors that recent stumbles are simply unexpected speed bumps—and not indications of a road to decline. The electric car maker, which enjoyed scorching growth for most of 2022 […]
The logo for the Tesla Supercharger station is seen in Buford, Ga, April 22, 2021. Faced with falling global sales and a tumbling stock price, Tesla has slashed prices again on some of its electric vehicles and its “Full Self Driving” system. Tesla releases first-quarter earnings Tuesday, April 23, 2024. Credit: AP Photo/Chris Carlson, File […]
General Motors, which reported better than expected profits, is hopeful that the moderately priced Chevrolet Equinox will attract more consumers to electric vehicles. General Motors reported higher profits Tuesday thanks to continued strength in North America that offset a loss in its China business, enabling the carmaker to lift its forecast. GM, which has benefited […]
