Tag Archives: Electric

Interim Hertz CEO Mark Fields is jazzed by the company’s big deal with Tesla (which he has secured, despite Elon Musk’s Twitter assertions) and is ready to get to work to rebuild the car rental giant.  “We are excited about the Tesla relationship. It’s all wrapped around our strategy to lead the adoption of electric vehicles,” the former CEO of Ford said on Yahoo Finance Live. Fields is credited with planting the seeds for Ford’s EV pivot prior to his departure in 2017.  Hertz said in late… Source link

Third-quarter earnings season is underway, and one of the most closely watched stocks just presented its scorecard: Tesla Inc.  (NASDAQ:TSLA). Tesla reported record-breaking results, beating expectations on EPS and revenue. Though the company’s stock dropped briefly following the report, Tesla has been on a tear ever since, even crossing the $900 mark in early trading Friday morning.  Those certainly are impressive top-and bottom-line growth numbers if the EV company is able to meet them,… Source link

Yandex NV (NASDAQ: YNDX) acquired electric scooter rental company Wind, adding to its taxi and food delivery services, Reuters reports. The acquisition will include Wind’s e-scooters hardware, its R&D capabilities, and operations in Israel. The financial terms of the transaction remain undisclosed. Wind, which operates around 4,500… Source link

Toronto-based personal light electric vehicle (LEV) producer Daymak plans to launch a cryptocurrency-mining car that will allow owners to make money when parked, plugged in, or wireless charging. The car, known as the Spiritus, is a three-wheeled all-electric vehicle able to seat two adults aimed at being a daily commuter “designed with the track in mind,” according to Daymak’s website. The base model Spiritus Deluxe has a top speed of over 85 mph, a 0-to-60 time of 6.9 seconds, and a… Source link

For investing pioneer Alec Gores — who has made his name in recent years via very successful SPAC transactions with Hostess and Luminar — cutting a large check to help bring upstart electric vehicle maker Polestar public just makes good sense.  It simply checks all the boxes, Gores says. “We literally see so many deals. The first thing is we vet things out quickly. Then we have a lot of conversations around things we find. The art is to start with a great company with the potential to be… Source link

Saying Ford is driving head on into a future of electric vehicles may be an understatement. Think more along the line of hauling a-–.  The Detroit-based auto giant said Monday it will partner with SK Innovation to invest $11.4 billion to construct two “mega-sites” — one in Tennessee and the other in Kentucky — that will build electric trucks and batteries. Ford’s portion of the investment — $7 billion — is the largest manufacturing investment in the company’s 118-year-old… Source link

Earlier this month, President Biden signed an executive order with a lofty goal: he wants over half of all vehicle sales to be electric vehicles by 2030. The CEOs of GM (GM), Ford (F), and Stellantis (STLA) attended the White House event and threw their support behind the measure, pledging to put billions of dollars into manufacturing EVs and to work with Democrats to have American workers produce them. “There’s no turning back. The question is will we lead or fall behind in the race for… Source link

Ford-owned micromobility company Spin has announced an integration with Google Maps. Now, users planning their trips in 84 cities, towns and campuses across the U.S., Canada, Germany and Spain will be able to view Spin’s electric scooters and bikes on the app while planning their trip. Spin joins its top competition on the popular mapping app, Lime, which also recently announced an integration with transit planning app Moovit. We can expect to see further integrations… Source link

Google Maps users will be able to find and rent Spin’s electric scooters after the Ford-owned company announced a new global integration on Tuesday. Starting Sunday, anyone who uses Google Maps will be able to see the nearest available Spin e-bike or e-scooter in real time, including how long it will take to walk to the vehicle, as well as battery range and expected arrival time. But to pay for the scooter, unlock it, and take their ride, users will be redirected to Spin’s app…. Source link

Electric vehicles (EVs) have been on the roads for the better part of two decades now, in slowly increasing numbers. The technology isn’t new – EVs were part of the initial wave of automotive technology over a century ago – but modern metallurgy, batteries, and drive trains have made them more practical. While the internal combustion engine still offers an overall better package of performance, power, and price, EVs are catching up. They are getting a boost from the government, in the… Source link