electric vehicles
Ford sells majority stake in Rivian after reporting $7.3B write-down
Ford Motor Company has sold a majority of its Rivian shares, according to regulatory filings. Ford’s stake in the electric vehicle maker, which has been dropping steadily since May 2022, is now
Google intros new features for EVs with Maps built in
Google is rolling out new features for electric vehicles with Google Maps built in, the company said at its Live from Paris event Wednesday. The features, iterations of which were introduced in Novemb
Mercedes-Benz is bringing its new, all-electric eSprinter van to North America this year
Mercedes-Benz said Tuesday that its long-anticipated and updated battery-electric eSprinter is finally coming to North America, with production set to begin in the second half of 2023 at its factory i
EV maker VinFast downsizes in US, Canada
Vietnamese electric vehicle maker VinFast is cutting jobs in the United States and Canada as part of a restructuring that will merge operations across the two countries. The restructuring comes as Vin
Ford left ‘$2B of profits on the table’ in 2022
Ford reported Thursday it earned $10.4 billion in net income last year, falling well below its own guidance and missing Wall Street’s expectations as the U.S. automaker struggled with supply cha
Netflix to include more EVs in its TV shows and movies as part of new partnership with GM
Netflix and General Motors announced today that the streaming service will join the automaker’s “Everybody In” campaign that aims to accelerate mass adoption of electric vehicles. As
Want to buy an EV or heat pump? New coin will help you defray the costs
Fintech startup Future offers a debit card that incentivizes climate-friendly purchasing behavior, and today it’s introducing a way to let people sell their own carbon credits.
Rivian to cut another 6% of its workforce
Rivian, the buzzy EV automaker that had one of the biggest IPOs in 2021, is cutting 6% of its workforce for the second time in less than a year, according to an internal memo sent to employees today b
GM invests $650M in lithium mining to lock down EV raw materials
General Motors said Tuesday it will invest $650 million into Lithium Americas as part of an agreement to develop a mine in Nevada, the latest effort by the automaker to lock down a supply chain of key
EV company Arrival to cut workforce by 50% in third restructuring effort
Arrival is going through another restructuring — this time led by a newly appointed CEO — that will slash its workforce by about 50% as the U.K.-based commercial EV company attempts to reduce oper
Ford discounts its all-electric Mustang Mach-E in response to Tesla’s EV price war
Ford said Monday it has increased production and cut the price of its all-electric Mustang Mach-E crossover, the latest automaker to join an EV price war started by Tesla. Ford Mustang Mach-E vehicles
Toyota’s surprise executive shakeup may disappoint investors
The 66-year-old Akio Toyoda may have resigned as president, but it appears likely that he'll still be in control.
Tesla reports $24.3B revenue in the fourth quarter, beating Street estimates
Tesla just beat Wall Street revenue estimates for the fourth quarter of 2022. The company closed out Q4 with $24.3 billion in revenue, a 37% increase from the same quarter last year and a 13% bump qua
BMW iVentures continues its love affair with EVs, backing this Bulgarian startup’s $13M A round
Electric vehicle charging management systems are usually end-to-end solutions for managing EV charging operations, billing, energy, drivers and even fleets. This means EV charging service providers ca
Honda is setting up a dedicated EV division
Honda is establishing a division dedicated to the development of electric vehicles and other electrical products including storage and generation, the company said on Tuesday (via Reuters). The Japane
Lightyear stops production on €250,000 solar-powered EV
Solar-powered electric vehicle maker Lightyear said it’s halting production on its flagship Lightyear 0, its premium EV with a sticker price of €250,000. Despite only starting production on th
Bluedot’s debit card for EV owners offers cheaper charging, cash back
Electric vehicles accounted for nearly 6% of all new cars sold in the U.S. in 2022, an increase from 3.1% the year before, and that number will continue to grow over the coming years. While it’s
GM, please build the baby EV pickup of my dreams
In an industry obsessed with making everything huge (at least here in the U.S.), you may not’ve expected GM to show interest in an electric baby pickup, but here we are. GM is considering a pick
In race to electrify, Uber wants EVs that sacrifice top speeds, wheels
The clock is ticking for Uber to electrify its fleet, and the rideshare company wants automakers to help by designing cheaper electric vehicles for its drivers. Lawmakers are setting deadlines for rid
Why the time is right for a Mercedes-Benz charging network
When your Rolex is due for servicing, you’ll probably take the time to take it to a specialty service center. Likewise, you’re not going to trust the repair of the crimson soles of your Lo