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August 4, 2021

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Families of service members to sue vehicle manufacture after fatal training accident

CBS News
CBS News – For more and to sign up click here The families of nine U.S. service members who drowned in a training accident last year are planning to sue the manufacturer of the vehicle that sank off the coast of California. The Marines have since disciplined 11 service members,......

Car buyers face nationwide vehicle shortage

CBS News
CBS News – For more and to sign up click here Car buyers face nationwide vehicle shortage – CBS News Watch CBSN Live A shortage of new cars has buyers and dealers scrambling. Inventories are depleted amid a shortage of microchips, batteries and steel. Anna Werner takes a look. Be......

Spain to invest 4.3 bln euros in electric vehicle production

Reuters
Workers assemble vehicles on the assembly line of the SEAT car factory in Martorell, near Barcelona, Spain, October 31, 2018. Picture taken October 31, 2018. REUTERS/Albert Gea/File Photo MADRID, July 12 (Reuters) – Spain will invest 4.3 billion euros ($5.11 billion) to kick-start the production of electric vehicles and batteries......

Taiwan’s Foxconn discussing electric vehicle plant in Wisconsin

Reuters
TAIPEI, July 9 (Reuters) – Taiwan’s Foxconn (2317.TW) said on Friday it was in talks with the U.S. state of Wisconsin about building electric vehicles there, part of the major Apple Inc (AAPL.O) supplier’s push to diversify income streams. Foxconn and electric car manufacturer Fisker Inc (FSR.N) said in May......

Car sales slump as vehicle prices continue to surge

CBS News
CBS News – For more and to sign up click here Vehicle sales dropped again in June, the second month in a row of declining vehicle sales, as rising prices and shortages keep would-be buyers away. Imported vehicle sales fell 13.1% from the previous month while domestic vehicle sales also......

Porsche to create hypercar company with Bugatti and Croatian electric vehicle maker Rimac

CNBC
CNBC – For more and to sign up click here Porsche and Croatian electric performance car manufacturer Rimac have agreed to create a joint venture that incorporates Volkswagen’s high-performance Bugatti brand, officials announced Monday. The new joint venture — called Bugatti-Rimac — is expected to be established as a hypercar......

Electric vehicle SPACs try to prove their worth to Wall Street as shares fall

CNBC
CNBC – For more and to sign up click here Nikola Corporation rang the Nasdaq Closing Bell remotely from across the world. Source: The Nasdaq Electric vehicle start-ups that went public through SPAC deals over the past year are trying to prove their worth to Wall Street as investors grow......

Market has already decided the winner of the electric vehicle race, trader says

CNBC
CNBC – For more and to sign up click here The stock market has already picked a winner in the race to mass electric-vehicle production, one market analyst says. Tesla’s lofty valuation — 137 times forward price-to-earnings as of Tuesday’s close — speaks volumes about where investors are placing their......

GM’s electric vehicle plans could risk hard-won market share

Detriot News
Detroit News – For more and to sign up click here The Detroit automaker is shooting for long-term gains over short-term rewards. In the next three years, it primarily will introduce higher-priced, lower-volume EVs that it and investors see as the future.        Source link – Click for more......

Sanders won’t back infrastructure deal with more gas taxes, electric vehicle fees

Politico
Politico.com – For more and to sign up click here Twenty-one senators, including 11 Republicans, have detailed a bipartisan proposal that costs about $973 billion over five years or $1.2 trillion over eight. The plan would have $579 billion in new spending and would repurpose unspent Covid relief funds, impose......

Ford sees better-than-expected quarterly profit on higher vehicle prices

Reuters
June 17 (Reuters) – Ford Motor Co (F.N) said on Thursday its second-quarter operating profit will exceed expectations due to lower costs and rising prices for new and used vehicles amid the global semiconductor chip shortage. Ford Chief Executive Jim Farley also said at a Deutsche Bank conference that the......

Jaguar Land Rover is developing a hydrogen-powered vehicle and plans to test it out this year

CNBC
CNBC – For more and to sign up click here A Land Rover Defender sits on display on the opening day of the IAA Frankfurt Motor Show in Frankfurt, Germany, on September 10, 2019. Krisztian Bocsi | Bloomberg | Getty Images Jaguar Land Rover said Tuesday it was working on......

Spectator killed, 7 injured as vehicle crashes into race track guard rail in Texas

CBS News
CBS News – For more and to sign up click here Fabens, Texas — One man was killed and seven other people were injured when a vehicle crashed through a guardrail and plowed into a crowd at a mud racing event in Texas. Sheriff’s investigators confirmed Monday morning that 21-year-old Willie......

Mississippi GOP governor: State abortion law ‘a vehicle’ for Supreme Court to revisit Roe v. Wade

CNN
USA TODAY – For more and to sign up click here “The question is not are you going to overturn Roe v. Wade, the question is: The science has changed and therefore it makes sense for the court to review their decisions from the past and this is a vehicle......

EXCLUSIVE-Biden’s electric vehicle plan includes battery recycling push

Reuters
By Trevor Hunnicutt, Ernest Scheyder June 4 (Reuters) – President Joe Biden’s strategy to make the United States a powerhouse in electric vehicles will include boosting domestic recycling of batteries to reuse lithium and other metals, according to government officials. As Biden makes fighting climate change and competing with China......

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