Image: Ferrari Ferrari can do no wrong, Tesla’s suppliers are peeved at its price shenanigans and electric semis have a big problem. All that and more in this Thursday edition of The Morning Shift for February 2, 2023. 1st Gear: Never Bet Against the Horse It must be a ball running Ferrari, the one manufacturer … Read more
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT — Ford Motor‘s new US vehicle sales started 2023 on a stronger footing than a year earlier but were down 18.4% from December, the company reported Thursday. January is … Read more
New York CNN — General Motors reported a much stronger than expected fourth-quarter profit, lifting full-year results to record levels for the second straight year. The largest US automaker also said Tuesday it is buying a $650 million equity stake in Lithium Americas, which will give it access to the raw material needed to build … Read more
CNN — Ford is boosting production of its popular Mustang Mach-E electric SUV and dropping its sticker price weeks after Tesla dropped the prices of its vehicles. The move represents a substantial roll-back of price hikes Ford announced last summer on the 2023 models – but buyers may still be paying somewhat more than before … Read more
Attendees view a Ford Mustang Mach-E GT during opening day of the 2022 New York International Auto Show (NYIAS) in New York, on Friday, April 15, 2022. Jeenah Moon | Bloomberg | Getty Images DETROIT – Let’s talk about pricing power. At least, General Motors spirit Ford Motor likely will be doing that this week … Read more
People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT — Ford Motor is increasing production and cutting prices of its electric Mustang Mach-E crossover, weeks after industry leader Tesla announced similar plans for its EVs. The … Read more
The cost to fuel electric vehicles in the United States is higher than gas-powered cars for the first time in 18 months, a consulting company said. “In Q4 2022, typical mid-priced ICE (Internal Combustion Engine) car drivers paid about $11.29 to fuel their vehicles for 100 miles of driving. That cost was around $0.31 cheaper … Read more
Don’t inject fresh money into the European Union — just reform national policies, says Dutch Prime Minister Mark Rutte. That’s the best way to prevent EU industry from getting wiped out by US companies under Washington’s major new green subsidies scheme, Rutte told a group of journalists at the office of the Dutch embassy to … Read more
Humanity may not exactly be winning its battle to avert climate change, but the electrification of cars has begun to look like a success story. Ten percent of new passenger vehicles sold around the world last year were electric, powered by batteries instead of gasoline—the extraction of which costs the world not only in noxious … Read more
Salton Sea lithium deposits could help EV transition, support economically devastated areaPBS NewsHour Balancing a Battery-Powered Future With Energy Justicenewscenter.lbl.gov The Earth Is Begging You to Accept Smaller EV BatteriesWIRED Designing a US Transit System With Smaller, Fewer Cars Could Cut Lithium Demand and Mining Harms of EV TransitionEcoWatch View Full Coverage on Google News