Daily Standup Top Stories Hertz cites weak demand, high damage costs in decision to downsize EV fleet January 11, 2024 Mariel Alumit Hertz Global Holdings Inc. said Thursday it is selling about 20,000 electric vehicles from […]
Would you buy a Ford self-driving car that would automatically drive to a repo company if you missed a payment? Ford is on time for in the process of a patent application for self-driving cars […]
Automakers screwed up the market for decades with price increases and going upscale. Now they pay the price with dismal volume. By Wolf Richter for WOLF STREET. Total new vehicles delivered to retail customers and fleets (dominated by […]
Tesla has always been willfully lousy in reporting delivery details. Today it made the obfuscation worse. By Wolf Richter for WOLF STREET. Tesla’s global deliveries in 2023 jumped by 38% to about 1.81 million vehicles, a new record […]
Oil Price Ford said on Thursday that half of all 1,550 Ford dealers chose to sell electric vehicles in 2024—down from two-thirds that said this time last year that they would opt in to sell […]
The demand from the Biden administration and Gavin Newsom to make every car an EV in the near future suffered another devastating blow on Tuesday. In October, Ford announced it was pulling the plug on a massive, […]
Key Takeaways 1. Despite pouring billions of investors’ dollars into electric vehicles and billions more from federal and state governments, EV sales growth is slowing. 2. Ford is cutting planned production of its electric F-150 […]
The infinite wisdom of the US legacy automakers never ceases to astound. By Wolf Richter for WOLF STREET. Ford today gave another signal in a series of signals – it’s planning to cut production of its F-150 Lightning […]
DETROIT – Ford Motor is scaling back plans for a $3.5 billion battery plant in Michigan as consumers shift to electric vehicles more slowly than expected, labor costs rise and the company moves to cut costs. Ford […]
Daily Standup Top Stories Opinion: Net-zero policies colliding with economic reality November 17, 2023 Mariel Alumit Across the advanced economies, the politics of net zero are colliding with reality, yet most politicians seem oblivious to the dynamics at […]
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