Author: Reuters
The U.S. auto safety regulator said on Wednesday it has closed two separate probes into Fisker’s Ocean SUVs over an alleged door malfunction and a lack of brake performance, after the electric-vehicle startup issued recalls to repair the issues. The National Highway Traffic Safety Administration had in April opened a preliminary evaluation into 6,781 Fisker cars made in 2023, after complaints that riders were unable to open the door from either the inside or exterior door handle. The EV firm, which filed for bankruptcy earlier this yr, had recalled certain Ocean vehicles to repair the door issue in June. The…
WASHINGTON — The Biden administration said Tuesday it’s awarding $521 million in grants to construct out electric vehicle charging and deploying greater than 9,200 EV charging ports. The Energy Department and Federal Highway Administration said $321 million can be allocated for 41 community projects that expand EV charging infrastructure, while $200 million will fund 10 corridor fast-charging projects. Milwaukee will receive $15 million to put in EV chargers at 53 sites while Atlanta will receive $11.8 million to put in a DC Fast Charging Hub at the town’s airport with 50 DC fast chargers providing charging for rental cars,…
SAN FRANCISCO — Cruise will offer its autonomous vehicles on ride-hailing platform Uber starting next 12 months, the businesses said on Thursday, because the General Motors-backed robotaxi firm attempts a comeback. The multi-year partnership will allow Uber riders to decide on a visit using a Cruise autonomous vehicle, they said. Shares of GM rose 1.3% in prolonged trading, while Uber fell 1.5%. Uber has been offering driverless cars in Phoenix on its platform since October last 12 months through a partnership with Alphabet’s Waymo, which has about 700 vehicles in its fleet and is the one U.S. firm operating uncrewed…
Nikola beat Wall Street expectations for second-quarter revenue and posted a smaller-than-expected adjusted loss on Friday, signaling an uptick in deliveries of its hydrogen big rigs as clients ramped up spending. Shares of the electrical truck maker rose 17% in early trading. Nikola’s results signal that its attempts to pivot away from its battery-powered trucks is paying off because it acquires recent customers and receives an uptick in orders for its hydrogen fuel cell vehicles. It reported revenue of $31.3 million for the quarter, surpassing estimates of $27.1 million, in accordance with LSEG data. The corporate’s second-quarter deliveries jumped 80%…
AutomobileShield has agreed to pay $10 million to settle U.S. Federal Trade Commission charges of deceptive promoting for its vehicle service contracts, including TV ads featuring the actor Ice-T and other celebrities. The settlement addresses alleged misrepresentations dating to 2019 over how much coverage consumers could expect under the contracts, which cost about $80 to $120 per thirty days, and bans further misrepresentations by celebrity endorsers. AutomobileShield’s alleged deception included claims that customers would never pay for repairs to “covered” parts comparable to engines and transmissions, would receive rental automobiles when their automobiles broke down, and will use repair shops of…
DETROIT — Ford Motor on Thursday outlined plans to make use of a Canadian plant it had earmarked for a future electric vehicle to as a substitute construct larger, gasoline-powered versions of its flagship F-Series pickup truck. Ford in April had already delayed the launch of the planned three-row electric SUVs at its Oakville Assembly facility from 2025 to 2027, citing slower than expected growth in EV demand. It said on Thursday it remained committed to those EVs and that timeline but didn’t say where they’d now be built. The Dearborn, Michigan-based automaker plans so as to add capability for…
Tesla on Thursday launched a brand new rear-wheel drive variant of its Model 3 long-range vehicle, at a price $5,000 lower than the all-wheel drive version, in keeping with the electrical vehicle maker’s website. The brand new Model 3 long-range variant is priced at $42,490. There have been no changes to the costs of the bottom Model 3, the long-range all-wheel drive and the performance variants. Tesla reported a smaller-than-expected 5% drop in vehicle deliveries within the second quarter as price cuts and incentives helped mitigate cooling demand. The corporate will report second quarter earnings on July 23. This Article…
MARANELLO, Italy — Ferrari will use its recent production site to spice up manufacturing flexibility and shorten the time needed to develop and roll out recent models, slightly than to extend output, the CEO of the Italian luxury sports carmaker said on Friday. Ferrari’s so called e-building in its home town of Maranello, northern Italy, for which it has invested around 200 million euros ($214 million), may even produce its first fully electric (EV) automobile, expected to be launched at the tip of next yr. “This constructing will allow us to shorten time to market or product development time,” CEO…
RIO DE JANEIRO — Brazilian mining company CBMM has began to test on Volkswagen electric trucks a niobium-based battery that it claims could be charged way faster than the others available in the market, the businesses said on Wednesday. CBMM, backed by Brazilian billionaire family Moreira Salles, which also runs lender Itau Unibanco, hopes the project could help it reach its goal of multiplying nearly ninefold its battery unit revenue, to $100 million by 2026, its executives told Reuters. The corporate sells niobium products to steelmakers as its primary business, but CBMM has been seeking to diversify its revenue…
Chinese battery firms CATL and Gotion High Tech ought to be added immediately to an import ban list, a gaggle of Republican lawmakers said, alleging their supply chains use forced labor, the Wall Street Journal reported on Thursday. The lawmakers called for CATL and Gotion, which have ties to Ford and Volkswagen, to be added to what’s generally known as the entity list under the Uyghur Forced Labor Prevention Act, the report said. In an emailed statement to Reuters, Gotion said any allegation the corporate “uses or is said to forced labor is baseless and absolutely false,”, adding the choice…
