Ford assembles elite team to develop low-cost EV platform, aiming to launch affordable electric models. CEO Jim Farley reveals strategy shift post-earnings call. #Ford #ElectricVehicles #EVPlatform
Month: February 2024
U.S. Household Debt Inches Up in Q4 2023, Auto Loans Show Signs of Strain
Latest report from New York Fed reveals modest rise in U.S. household debt in Q4 2023, with auto loans facing increased delinquency rates. Despite challenges, overall credit conditions remain stable. #HouseholdDebt #AutoLoans #CreditTrends
Rivian R1T Refresh Models Spotted in Cold Weather Testing in Alaska
Rivian’s R1T refresh units spotted in cold weather testing in Fairbanks, Alaska, hinting at potential upgrades like a heat pump for better winter performance. Speculation arises ahead of rumored launch later this year. #Rivian #ElectricTrucks #ColdWeatherTesting
Canada Nickel Plans $1 Billion Nickel Processing Plant in Ontario for EV Batteries
Canada Nickel announces plans for a $1 billion nickel processing plant in Ontario, aiming to boost North America’s EV battery supply chain. The largest of its kind, the plant targets operations by 2027. #CanadaNickel #EVbatteries #NickelProcessing
Waymo’s Autonomous Vehicle Involved in San Francisco Cyclist Collision
Waymo’s autonomous vehicle collided with a cyclist in San Francisco, raising concerns over urban cycling safety. Despite minor injuries, the incident highlights ongoing challenges in autonomous vehicle technology. #Waymo #AutonomousVehicle #SanFrancisco
ZF Friedrichshafen Invests $500 Million in South Carolina Transmission Plant for Hybrid Vehicles
ZF Friedrichshafen commits $500 million to South Carolina plant for hybrid vehicle transmission production. Investment aims to enhance fuel efficiency and accommodate both passenger cars and commercial vehicles. #ZF #HybridVehicles #SouthCarolina
Hyundai Partners with Law Enforcement for Free Anti-Theft Software Upgrades in El Paso
Hyundai collaborates with El Paso Police for free anti-theft software upgrades targeting thefts. Event on Feb. 8 offers upgrades for select Hyundai models. #Hyundai #CarTheftPrevention #ElPaso
Mini Unveils 2025 Gasoline Versions of Iconic Cooper Hatchback
Mini unveils 2025 gasoline versions of the iconic Cooper hatchback, set to launch in the U.S. Prices start at $29,945 for the base model. Mini plans to transition to all-electric models later this decade. #MiniCooper #GasolineModels #ElectricVehicles
Tesla Workers Face Uncertainty Amidst Potential Job Cuts
Tesla employees await news of potential job cuts as managers evaluate roles for criticality. The move aligns with Elon Musk’s focus on cost-cutting amid a slowdown in sales growth. #Tesla #JobCuts #ElonMusk
Toyota Kentucky Facility Receives $1.3 Billion Investment for Electric SUV Production
Toyota’s flagship Kentucky plant receives a $1.3 billion investment for future electric SUV assembly, reinforcing the automaker’s commitment to quality vehicles and job stability. #Toyota #Kentucky #ElectricSUV #Investment