Hyundai Motor Group and affiliate automaker Kia have agreed to spend $16.5 billion to produce electric vehicles at a new factory in South Korea. Hyundai Motor Group, which includes Kia, Hyundai Motor, and Genesis, said the factory will build 150,000 vehicles every year, supplying Hyundai and Kia with enough volume to supply customers with EVs. […]
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Elon Musk’s deal with Twitter, which was agreed upon on April 25 for $44 billion, is not on hold and will move forward, company executives told employees on Thursday. Musk, who said the deal was on hold pending proof of Twitter’s estimation of bots among its active users, has been backtracking the deal for several […]
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Ford is recalling 464 units of the 2021 Mustang Mach-E due to the presence of a potential software glitch that could cause unintended acceleration. The submission date for the Ford Mustang Mach-E recall is listed as May 13 and was included in other reports of Ford’s combustion engine vehicles catching fire. According to documents released […]
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Ford’s introductory all-electric pickup, the F-150 Lightning, recently began production, and finished units are flooding parking lots near the automaker’s Dearborn production plant, preparing to make their way to dealerships as demo vehicles. Ford has already warned dealers of a hefty fine that will come their way if the demo units are sold to customers, […]
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ARK Invest found Cathie Wood called Tesla’s removal from the S&P’s Environment, Social & Governance Index “ridiculous” after the automaker was not included on the list due to “a decline in criteria-level scores” in low-carbon strategies and its “codes of business conduct.” On Wednesday, Tesla was removed from the S&P’s ESG Index after a standard […]
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A Tesla crash that killed three people in California earlier this month is now being probed by a U.S. government agency. The National Highway Traffic Safety Administration (NHTSA) said it would open a Special Crash Investigation (SCI), probing to find out more information on what potentially caused a three fatality crash involving a 2022 Tesla […]
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Honda teased the introduction of its all-electric Prologue sport utility vehicle today, which will be the company’s first BEV sold in the United States. Prior to its launch in 2024, the Japanese automaker gave consumers a preview of the potential design, which was developed through virtual reality visualization technology. A simple, yet sleek and sporty […]
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Lucid Group announced today that it has signed a contract with several Saudi Arabian government agencies that locks in plans for a production facility with an annual capacity of 155,000 units. Lucid announced it had officially signed agreements with the Ministry of Investment of Saudi Arabia (“MISA”), the Saudi Industrial Development Fund (“SIDF”), Emaar, The Economic […]
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Ford told dealers in an internal communication that the F-150 Lightning all-electric pickup would not come equipped with the “Phone-as-a-Key” feature, but would be enabled with a software update in late summer 2022. Ford’s “Phone-as-a-Key” feature literally turns an owner’s phone into their lifeline for their vehicle. They can start, unlock and lock, and open […]
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A drone operator attempting to capture images of Tesla’s Gigafactory Berlin production facility caused quite the stir-up at the nearby Berlin-Brandenburg Airport. While flying the drone around 1,000 meters (3,280 feet) above Tesla’s production facility, the aerial camera obstructed the approach of a passenger airplane causing it to divert, spoiling its routine descent into the […]
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