GM advising some Bolt EV owners to park 50 feet away from other cars in case of fire

The Vermont State Police released this photo of the 2019 Chevrolet Bolt EV that caught fire on July 1, 2021 in the driveway of state Rep. Timothy Briglin, a Democrat. Vermont State Police DETROIT – General Motors is advising some Chevrolet Bolt owners to not park their electric cars within 50 feet of other vehicles … Read more

Walmart to test self-driving cars in multiple cities with Ford and Argo AI

Ford Motor plans to launch its self-driving vehicle businesses in 2022 with vehicles based on its Escape Hybrid crossover. Ford Walmart is expanding its self-driving vehicle program to include Ford Motor and Argo AI, an autonomous car start-up backed by the automaker. The companies said Wednesday that the collaboration will use Ford Escape hybrids with … Read more

China’s EV sector is poised for ‘inevitable’ consolidation, says Bain consultant

The electric vehicle sector is seeing its “most exciting moment” now — and consolidation in the sector cannot be avoided, says Bain & Company’s Helen Liu. “I would say that consolidation is an inevitable trend in this industry,” Liu, partner at the consultancy firm, told CNBC’s “Capital Connection” on Tuesday. She cited reasons such as … Read more

U.S. Democrats propose dramatic expansion of EV tax credits that favors Big Three

A man attaches a charging plug to a General Motors Co. (GM) Chevrolet 2017 Volt hybrid electric vehicle (EV) at a charging station in Jeju, South Korea. SeongJoon Cho | Bloomberg | Getty Images U.S. Democratic lawmakers on Friday proposed an expansion of tax credits for electric vehicles that includes significantly higher subsidies for union-made … Read more

Ford Motor Chair Bill Ford on automaker’s stock rally, SPACs and investors

DETROIT – After a decade of mediocrity, shares of Ford Motor are up by nearly 50% so far this year and on pace for their best annual performance since 2009. Investors like the new turnaround plan from CEO Jim Farley called Ford+ that aims to better position the automaker to build electric and autonomous vehicles … Read more

Ford poaches top tech executive Doug Field who helped lead Apple’s top-secret car project

Ford Motor Co. displays a new 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Michigan, September 17, 2020. Rebecca Cook | Reuters DETROIT – Ford Motor said Tuesday it hired former Tesla and Apple executive Doug Field to lead its emerging technology efforts, a key focus for the automaker under its new … Read more

Warren Buffett-backed electric carmaker BYD sees August sales surge more than 300%

BYD’s Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China. Evelyn Cheng | CNBC GUANGZHOU, China — BYD sold 61,409 new energy vehicles in August, more than four times the amount sold a year ago, as demand for electric cars continues to … Read more

Victim of Tesla crash in Texas had an alcohol level exceeding the legal limit

The remains of a Tesla vehicle are seen after it crashed in The Woodlands, Texas, April 17, 2021, in this still image from video obtained via social media. Video taken April 17, 2021. Scott J. Engle | via Reuters One of the two victims of a fatal crash involving a Tesla car in Texas had … Read more

Tesla must deliver Autopilot crash data to federal auto safety watchdog by October 22

A 2019 Tesla Model 3 hit a Florida Highway Patrol car in Orlando on the morning of August 28, 2021. No injuries were reported. Courtesy: Florida Highway Patrol The National Highway Traffic and Safety Administration has added a 12th crash into the scope of its investigation into Tesla‘s Autopilot system, and is demanding that the company … Read more

Electric vehicles and more: UBS picks the green tech stocks set to outperform

UBS named its “best investment ideas” across U.S. and global green technology stocks, including electric vehicle, battery and renewable energy companies. Source link