The Vehicles

Ford invests $500 million in Rivian, will jointly develop new EV

Rivian, which caught the EV world’s attention with a prototype SUV and pickup truck, has secured an equity investment of $500 million from Ford. Rivian will remain an independent company, and Joe Hinrichs, Ford’s President of Automotive, will join Rivian’s seven-member board. The two companies will also work together to develop a new Ford EV,… Read more »

Tough times for Tesla – Q1 earnings report lays out large loss

Tesla had a rough week. In its first-quarter 2019 earnings report, it described a loss of $702 million, or $4.10 per share – quite large even by Tesla’s standards, and greater than the $1.81 per share that Wall Street analysts (surveyed by FactSet) had forecast. Q1 revenue of $4.54 billion also fell short of expectations,… Read more »

Karma shows 3 plug-in vehicles at Shanghai auto show

California-based Karma Automotive presented 3 new vehicles at the recent Shanghai auto show. Karma’s “Shanghai Big Three” are: the 2020 Karma Revero GT, a PHEV that features a BMW three-cylinder in-line gas engine; the Karma Pininfarina GT coupe, a version of the Revero GT with a new body style, panels and interior designed by Italian… Read more »

Here we go again: German research institute claims diesels are cleaner than EVs

Anti-EV hit pieces clog the blogosphere like pickup trucks on a Texas highway, but this one sounded much more serious than the usual anonymous speculation. A respected German research institute released a study claiming EVs are dirtier than diesel – music to the ears of many in the German auto industry. “Considering Germany’s current energy… Read more »

VW introduces electric SUV for Chinese market, with wireless charging and Level 4 autonomy

Underlining global automakers’ increasing focus on China, Volkswagen unveiled a new electric SUV based on the I.D. Roomzz concept at the Shanghai auto show. It’s VW’s second electric crossover concept, following the smaller Crozz, which debuted two years ago in Shanghai. The production I.D. Roomzz will be a three-row, seven-seat model that will “launch initially”… Read more »

EU regulators charge BMW, Daimler and VW with colluding to evade emissions rules

Are the authorities “piling on” the Volkswagen Group? In 2017, the poor little automaker pleaded guilty to fraud and obstruction of justice in the dirty diesel debacle, and has already agreed to shell out some $30 billion in atonement. Now the mean old US Securities and Exchange Commission has sued the company and ex-CEO Martin… Read more »

Volvo adds 415 hp PHEV versions of its XC60 SUV and V60 wagon to 2020 lineup

Volvo, which previously announced plans to offer electric powertrains across its entire model range, now says it will add PHEV variants of the XC60 SUV and new V60 wagon to its 2020 line-up. Both vehicles will be available in summer 2019 and will feature Volvo’s sporty Polestar Engineered trim. The vehicles’ powertrain software has been… Read more »

Proterra and Mitsui create $200-million credit to scale battery leasing program for electric buses

Electric bus manufacturer Proterra has partnered with Japanese conglomerate Mitsui to create a $200-million credit to scale up Proterra’s battery leasing program. Proterra customers will be able to purchase an electric bus and lease the batteries over the 12-year lifetime of the bus. Through the battery lease, Proterra says the initial capital expense for the… Read more »

Elon Musk: Model 3 production constrained by Panasonic battery cell capacity

After Tesla and Panasonic announced that they were freezing expansion plans for the Nevada Gigafactory, several news outlets reported that the partners had postponed expansion because of shrinking demand for Tesla’s vehicles, but to the best of our knowledge, none presented any evidence that this was the reason for the decision. Now Elon Musk says… Read more »