Rivian Automotive, Inc. (NASDAQ: RIVN) announced as part of its fourth quarter and year end 2023 financial results, that it would reduce its salaried workforce by approximately 10% due to slower growth expectations for 2024. The company reported it produced 57,232 vehicles and delivered 50,122 during 2023, more than doubling production and deliveries from 2022, […]
California Says ZEVs Were Quarter of Vehicles Sold Last Year
The sales of new zero-emission vehicles have soared 1022% over the past 10 years, according to data from the California Energy Commission. One in four new cars sold in California were zero-emission in 2023. More ZEVs were sold in California in 2023 than at any point in history, including in Q3 when sales hit their […]
New Light Vehicle Sales Down Slightly in January Compared to Last Year
NADA reports new vehicle sales were down on both a month-over-month and year-over-year basis. Projects production to increase in 2024. New light-vehicle sales cooled at the start of 2024 according to the National Automobile Dealers Association (NADA) Market Beat report. The January 2024 seasonally adjusted annual rate (SAAR) of 15.0 million units represents a decline […]
Automotive Recyclers Association Releases Battery Material Use Hierarchy
The Automotive Recyclers Association (ARA) published a Battery Material Use Hierarchy created in collaboration with the Argonne National Laboratory. The Hierarchy describes putting batteries to their highest and best use and highlights a preferred path of batteries after they have served their initial purpose. According to the association, encouraging and incentivizing the reuse, reconditioning, remanufacturing, […]
Toyota Announces $1.3 Billion Investment to Bring Battery Electric Vehicle Production to Kentucky
Toyota announced a $1.3 billion investment at its flagship Kentucky facility for future electrification efforts including assembly of an all-new, three row battery electric SUV for the U.S. market. The project brings the plant’s total investment to nearly $10 billion and reinforces Toyota’s commitment to high-quality vehicles and long-term job stability. The investment supports the […]
University of Nebraska Crash Tests Raise Concerns About Highway Guard Rail Performance with Heavier Electric Vehicles
The Midwest Roadside Safety Facility at the University of Nebraska–Lincoln (UNL) has mobilized to answer the safety and military defense questions raised by the burgeoning number of electric vehicles on the nation’s roadways. In research sponsored by the U.S. Army Engineer Research and Development Center (ERDC), the Nebraska facility recently conducted a first-of-its-kind crash test […]
January Auto Sales Projected Up Over Last Year
While up over last year, S&P Global Mobility projects auto sales are expected to decelerate from the quickening realized in December. BEVs sales share projected at 8%. With volume for the month projected at 1.09 million units, January 2024 U.S. auto sales are estimated to translate to a seasonally adjusted annual rate (SAAR) sales pace […]
Ford Reducing F-150 Lightning Production, Increasing Capacity for Bronco and Ranger
Ford Motor Company announced plans to create nearly 900 new jobs as part of a new third crew at Michigan Assembly Plant in Wayne to meet demand for the popular Bronco and Bronco Raptor and the all-new Ranger and Ranger Raptor. Ford is reducing production of F-150 Lightning, the top-selling electric pickup in the U.S., […]
Americans Bought Nearly 1.2 Million Electric Vehicles in 2023
According to latest Kelley Blue Book data, EV sales were at record levels. A record-breaking nearly 1.2 million U.S. vehicle buyers chose to go electric last year, according to the latest data from Kelley Blue Book, a Cox Automotive company. Electric vehicles (EVs) represent the fastest-growing car sales category, holding a 7.6% share of the […]
Hertz to Reduce EV Fleet by 20,000 Vehicles on Soft Rental Demand and High Repair Costs
Hertz Global Holdings (NASDAQ: HTZ) announced today it will sell about 20,000 of the electric vehicles in its fleet. In an interview on CNBC today, Stephen Scherr, CEO of Hertz explained that the rental company was reducing its fleet due to lower demand for EV rentals and the higher costs associated with EV damage repairs. […]
- « Previous Page
- 1
- …
- 3
- 4
- 5
- 6
- 7
- …
- 17
- Next Page »