Tag: electric vehicles
Stellantis secures EDM production in Indiana, invests $150 million
Stellantis has announced $150 million in investments towards facilities in Indiana, with the goal of securing future electric drive module (EDM) production.
Used in most...
Fisker expects to make first deliveries of Ocean EV in spring
In its fourth quarter and full-year financial report, electric vehicle startup Fisker, Inc. announced that the first deliveries of its inaugural vehicle, the Ocean...
EV battery recycler Li-Cycle to receive conditional $375 million loan
Yesterday, Lithium battery recycling company Li-Cycle announced it would be acquiring a $375 million conditional loan from the Department of Energy.
The loan is intended...
Prices, range and charge times are holding electric vehicles back
What trends should dealers keep an eye out for within the next year? The 2023 Deloitte Global Automotive Consumer Study provides interesting and possibly...
Weekly Roundup: February U.S. auto sales forecast, Tesla FSD recall
Weekly Roundup:
The National Highway Transportation and Safety Administration (NHTSA) mandated Tesla to recall 362,000 vehicles over Full Self-Driving beta software, Lithia Motors outsold AutoNation in...
Second year of growth in U.S. dealership count, franchises dip slightly
According to research by auto marketing company Urban Science, the number of U.S. dealerships grew for the second consecutive year, despite a slight decline...
Toyota ramping up electrification efforts, considers U.S. EV factory
Upcoming Toyota CEO Koji Sato is reportedly considering refitting one of its U.S. facilities to manufacture EVs, as he prepares to accelerate the automaker's...
Stellantis posts $17.9 billion net profit, promises $14,760 employee payout
Global automaker Stellantis revealed a record-breaking year for net profit, and nearly $15,000 per qualifying employee in profit-shares.
The brand, a result of a 2021...
How much should legacy automakers worry about smaller startups in the...
Will automaker newcomers like Rivian disrupt the industry, or will they go the way of most tech startups and disappear in a few years?...
Used EV prices fell in January in response to $4,000 tax...
Used electric vehicle values continued to decline in January, as sellers lowered their prices to accommodate tax credit eligibility requirements set in the Biden...
