GREER, S.C. — BMW U.S. manufacturing boss Robert Engelhorn is staring down a hairy challenge with global ramifications. Engelhorn is orchestrating a $1.7 billion upgrade to bring the automaker’s largest factory, near Spartanburg, S.C., into the electric era. At the same time, he must ensure the plant’s global output of high-demand crossovers doesn’t get gummed
By Simon Alvarez Posted on October 20, 2022 Retail activist shareholder platform Tulipshare urged Tesla Inc. to link its executive pay to environmental, social, and governance (ESG) factors. The activist shareholder group announced that it plans to submit a shareholder resolution on the subject during Tesla’s annual meeting of stockholders in 2023. According to Antoine
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla electric vehicle at a supercharger station in Hawthorne, California, on Aug. 9, 2022. Patrick T. Fallon | AFP | Getty Images Tesla CEO Elon Musk said during the company’s third-quarter earnings call on Wednesday evening that the company expects to fully meet the
General Motors has unveiled its next electric vehicle, and this time it’s another pickup truck. On Thursday, GMC showed off the 2024 Sierra EV Denali Edition 1. The pickup brand promises the electric truck will deliver up to 400 miles of range, a reconfigurable midgate, lots of on-board outlets, and a high (initial) price of
Automakers are investing heavily in autonomous driving technologies, using simulation and digital twins to train, test and validate the deep neural networks running inside the vehicle. Designing software-defined vehicles is a distinctly time-consuming and costly process, requiring input from teams around the world. Traditionally, product development cycles in the automotive industry stretch over many years
Wieden+Kennedy has grown its Ford business, taking over lead global creative and brand strategy work from BBDO as the automaker looks to streamline its advertising across the world. W+K has steadily expanded its scope with the automaker since it was added to its roster in 2018. That is when Ford hired BBDO as its lead
7:19 PM ET AUSTIN — Lewis Hamilton says Formula One might as well get rid of its cost cap if the FIA is unable to offer severe punishments to teams that overspend. The FIA found Red Bull guilty of a minor overspend under last year’s £145 million cost cap and is now in the process
One person has been hospitalized, another arrested, up to seven cars damaged, and city property destroyed following a crash in Las Vegas this week that police say was caused by street racing. The Las Vegas Metropolitan Police reports that calls started coming in to 911 at 8:55 p.m. on Monday, October 17, about a crash
DETROIT — The exclusive club of pickup trucks sporting six-figure price tags is getting a new member. The $107,000 GMC Sierra EV Denali Edition 1 arrives just over a year from now. The first of three planned trim levels, the Sierra EV Edition 1 is powered by a pair of electric motors, for a rating
WASHINGTON — The Biden administration said Wednesday it is awarding $2.8 billion in grants for projects to boost U.S. manufacturing of electric vehicle batteries and domestic mineral production. The White House is also launching an effort, dubbed the American Battery Material Initiative, to strengthen critical mineral supply chains as automakers race to expand U.S. electric
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT 2024 Sierra EV Denali Edition 1 Source: General Motors General Motors unveiled its latest electric pickup, the new electric GMC Sierra, and began taking reservations for a fully-loaded $107,000 version, called Sierra EV Denali Edition 1, on Thursday. The automaker expects to begin shipping the
On October 14, Maksim Timchenko, the CEO of DTEK, Ukraine’s largest private power generator, updated Economichna Pravda on the status of Ukraine’s electrical grid in the face of Russian strikes against the country’s power installations. He also talked about what the company’s future plans are for implementing renewables, despite the Russian attacks. DTEK shared that
BERLIN — Mercedes-Benz has signed a supply agreement with Canadian-German Rock Tech Lithium to receive on average 10,000 tons of battery-grade lithium hydroxide per year, the automaker said. The deal allows the automaker to supply its battery partners with raw material, starting in 2026, including a qualification period, in order to rapidly scale up production
8:29 AM ET Cape Town will host a round of the electric Formula E championship next February, joining India’s Hyderabad and Brazil’s Sao Paulo as three new venues on a 2023 calendar, the series said on Wednesday. The Feb. 25 race will be Formula E’s debut in South Africa and the fifth of 17 rounds
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LONDON — Porsche is still talking with teams about entering Formula One after discussions with championship leaders Red Bull broke down, the governing FIA said. Porsche and Red Bull had been discussing a partnership for months but talks ended in September with the team determined to stay independent. The automaker said at the time that
Uber is debuting an ad format that will tap into the company’s first-party data to target riders during each part of their route. Journey Ads will serve brand messages to riders while they are waiting to connect with a driver, waiting to be picked up and during their trip. The ads will also apply to
Tesla just released its Q3 2022 earnings report and the numbers are impressive. Tesla again turned a profit, which makes that twelve quarters in a row in which Tesla has reported a profit. Tesla basically met expectations last quarter. The main financial details from the Q3 2022 report are as follows: $ 21.5 billion in revenue