Ultium, Silverado EV, Equinox EV and the Cruise aftermath — General Motors’ electric line, covered.
The Boring Company has been sitting in Nashville with its Prufrock-MB1 tunnel boring machine since January, engine ready, waiting on permits. Today, the last major regulatory hurdle cleared. By tonight, the company announced it was already 2.5 feet into the ground. Tennessee Governor Bill Lee announced Wednesday that the Tennessee Department of Transportation (TDOT) and…
After spending a decade covering the EV market, one stat in a new 61-page Fraunhofer Institute study stopped me cold: the average Porsche PHEV driver charged their battery to less than 50% capacity exactly once over two years. That’s 7 kilowatt-hours total. You’d use more electricity running a space heater for an afternoon. The study,…
The same auto industry lobby that represents GM, Stellantis, and Ford in Canada just told Prime Minister Mark Carney his Chinese EV deal is making an already brutal US trade negotiation worse. Brian Kingston, President and CEO of the Canadian Vehicle Manufacturers’ Association (CVMA), made the comments at the Canadian International Auto Show in Toronto…
Three months after the federal EV tax credit expired, a collector car fintech CEO told WardsAuto what we’ve been reporting since last summer: legacy automakers bet billions on government subsidies instead of building EVs people would buy without them. The combined damage now totals $53 billion across Ford, GM, and Stellantis. The write-downs keep getting…
Morgan Stanley just did what Tesla hasn’t: put a real number on the 100-gigawatt solar bet we warned readers about four days ago. The answer is somewhere between $30 billion and $70 billion. For context, Tesla’s entire capital expenditure budget this year is already north of $20 billion before a single solar cell rolls off…
General Motors has a pattern now. When the last EV startup executive didn’t work out, the solution is to hire the next one. Claudia Gast, most recently Senior Vice President of Strategy and Business Development at Lucid Motors, will join GM on March 1 as deputy chief financial officer and vice president of strategy, corporate…
California’s clean-truck voucher program just handed Tesla roughly $165 million in reserved funding for a truck that has delivered exactly five units to paying customers. A Los Angeles Times investigation published today exposes how the state’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) allocated nearly 1,000 vouchers to subsidize the Tesla Semi…
Six months ago, when we first reported on Stellantis shuttering factories to dodge EU emission fines, the company’s Europe chief called electrification targets “unreachable.” On Friday morning, the bill for that failed strategy arrived: €22.2 billion ($26 billion) in charges, a suspended dividend, and a 28% stock crash that wiped out billions in market value…
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