Month: May 2023

France will target state aid for EVs, batteries made in Europe

Europe
 PARIS — The French government is seeking to limit incentives for buying new full-electric vehicles to those built in Europe, President Emmanuel Macon said, part of a package of environmentally friendly business incentives meant to boost French competitiveness. EVs sold in France are eligible for a 5,000-euro ($5,500) credit, provided their maximum price is below
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Watch A Train Smash Through A Mercedes After Woman Ignores Roadsigns

Offbeat
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The latest numbers on the microchip shortage: Europe hit hardest

News
Last week 40,055 vehicles were axed from production plans because of the microchip shortage worldwide as automakers continue grappling with supply chain woes, according to the latest estimate by AutoForecast Solutions. Most of last week’s cuts were at European assembly plants, where about 29,300 vehicles were removed from factory schedules. There were also losses at
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No, you shouldn’t get too excited about GM’s $14,000 electric mini-truck. Here’s why

Electric Cars
There’s been a lot of fuss about the supposed “$14,000 GM electric mini-truck” recently, but you probably shouldn’t get too worked up about it. That’s not to say that electric mini-trucks aren’t an exciting new field. I’m a proud owner of one and I love the thing. Mini-trucks, and especially electric mini-trucks, are incredibly useful
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China-built EVs tripled German market share in Q1

Europe
BERLIN — The market share of electric cars exported to Germany from China more than tripled in the first quarter, a worrying sign for German automakers struggling to keep up with their fast-moving Chinese peers. From January to March, 28 percent of electric cars imported into Germany came from China, compared with 7.8 percent in
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EV startups are still low on cash, Q1 financials show

News
Once the darlings of automotive investors, electric vehicle startups are now limping along under the weight of a heavy cash burn, forcing companies to find new ways to stanch the bleeding. Rivian Automotive Inc., Lucid Group Inc., Nikola Corp. and Faraday Future Intelligent Electric Inc. all had fewer months of cash on hand in the
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Guest commentary: Automakers are the new enablers of telematics for the consumer

Industry
Many of us working in the connected car space are searching for explanations for the slow consumer adoption of telematics-enabled, usage-based insurance, or UBI, programs, especially as more new vehicles are embedded with connectivity, which helps power personalized insurance policies and can benefit customers. Although insurers have widely embraced data, including driving and vehicle data
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Post-Covid, post-bankruptcy Hertz is all-in on electric, with big implications for the EV, auto and rideshare market

News
In this article HTZ Follow your favorite stocksCREATE FREE ACCOUNT Tesla Model 3 electric vehicles at a Hertz neighborhood location. Hertz Consumers may be on the fence about whether it’s yet time to buy EVs, but car-rental giant Hertz Global Holdings has made the leap. Markets boosted shares of Estero, Fla.-based Hertz after its recent
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How Lamborghini’s factory has evolved over 60 years

Spy Photos
Lamborghini’s factory in Sant’Agata Bolognese, Italy, has been building supercars for 60 years, and the automaker has decided to celebrate this by publishing a look back at the factory’s history. Company founder Ferruccio Lamborghini already had a successful tractor business prior to starting Lamborghini, but branching out into cars required a new manufacturing facility. Sant’Agata Bolognese is
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