Honda To Cut Dealer Margins By 44% In Canada To Fund EV Shift, Says Report | Carscoops <!—-><!– –><!– –><!—-><!—-> As Honda reduces margins for Canadian dealers, they seem prepared to transfer the expense to buyers 5 hours ago <!––> <!– –> Honda is reportedly slashing margins for its dealers in Canada by up to […]
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Ford F-Series Sales Domination Isn’t Assured In 2024 According To New Study
Ford F-Series Sales Domination Isn’t Assured In 2024 According To New Study | Carscoops <!—-><!– –><!– –><!—-><!—-> Tesla and Toyota continue to represent serious rivals when fleet sales aren’t in the mix and Chevrolet isn’t far behind either 3 hours ago <!––> <!– –> The Tesla Model Y and Toyota RAV4 trailed the Ford F-Series […]
Read MoreFisker Pauses Production And Raises $150M, Holds Out For OEM Rescue
Fisker Pauses Production And Raises $150M, Holds Out For OEM Rescue | Carscoops <!—-><!– –><!– –><!—-><!—-> U.S.-based startup has sold convertible notes to secure funds after hiring restructuring advisers to help with possible bankruptcy https://www.carscoops.com/author/chris-chilton-cc/ <!––> by Chris Chilton 5 hours ago <!––> <!– –> Struggling EV startup Fisker has announced it’s pausing production of […]
Read MoreCommercial Vehicles Are Making Ford Van-Loads Of Money Thanks To Software Services
Commercial Vehicles Are Making Ford Van-Loads Of Money Thanks To Software Services | Carscoops <!—-><!– –><!– –><!—-><!—-> Ford Pro is cashing in on connected-vehicle services in its commercial models, and estimates that profit margins will only go up in the future 2 hours ago <!––> <!– –> It seems like every automaker wants to turn […]
Read MoreA Negative Equity Nightmare Is Rocking The Used Car Market
A Negative Equity Nightmare Is Rocking The Used Car Market | Carscoops <!—-><!– –><!– –><!—-><!—-> Buyers who paid over MSRP during the pandemic are most at risk as falling demand for new cars pushes used prices down https://www.carscoops.com/author/chris-chilton-cc/ <!––> by Chris Chilton 5 hours ago <!––> <!– –> Remember those crazy days during the pandemic […]
Read MoreNissan Has A Rogue Problem — Thousands Of Unsold SUVs Trouble Automaker
Nissan Has A Rogue Problem — Thousands Of Unsold SUVs Trouble Automaker | Carscoops <!—-><!– –><!– –><!—-><!—-> Nissan overestimated how many 2023 Rogues it could sell and is offering dealer incentives to shift around 24,000 old models https://www.carscoops.com/author/sam-d-smith/ <!––> by Sam D. Smith 2 hours ago <!––> <!– –> Nissan cannot seem to shift Rogues fast […]
Read MoreCybertruck At Auction Is Allegedly Exempt From Tesla’s $50k Flipper Penalty
Cybertruck At Auction Is Allegedly Exempt From Tesla’s $50k Flipper Penalty | Carscoops <!—-><!– –><!– –><!—-><!—-> This auction could prove to be incredibly important, not just for this Cybertruck owner but for many others too 6 hours ago <!––> <!– –> A Tesla Cybertruck is finally up for sale to the general public on an […]
Read MoreTesla Hiring Service Operations Manager To Eradicate Car Service
Tesla Hiring Service Operations Manager To Eradicate Car Service | Carscoops <!—-><!– –><!– –><!—-><!—-> The Zero Service team will try to help Tesla make good on Musk’s promise that the “best service is no service” March 15, 2024 at 16:31 <!––> <!– –> A new job listing on Tesla’s website suggests that the automaker is […]
Read MoreHonda And Nissan Team Up To Take On Tesla And China
Honda And Nissan Team Up To Take On Tesla And China | Carscoops <!—-><!– –><!– –><!—-><!—-> Japanese brands looking into sharing battery and motor tech plus software and other components https://www.carscoops.com/author/chris-chilton-cc/ <!––> by Chris Chilton 2 hours ago <!––> <!– –> Greater choice in the car market isn’t the only change to come from the […]
Read MoreFisker Stock Crashes 50% On Bankruptcy Talk, EV Startup Says It’s Still Looking For Partner
Fisker Stock Crashes 50% On Bankruptcy Talk, EV Startup Says It’s Still Looking For Partner | Carscoops <!—-><!– –><!– –><!—-><!—-> Fisker’s share value halved in a day, dropping from 32 cents to under 15 cents, after a report that the company is working with restructuring advisors 3 hours ago <!––> <!– –> Electric vehicle manufacturer […]
Read MoreTesla Paid Its Execs $2.5 Billion And The Taxman Negative $1 Million
Tesla Paid Its Execs $2.5 Billion And The Taxman Negative $1 Million | Carscoops <!—-><!– –><!– –><!—-><!—-> Automaker tops the list of American companies who pay out far more to their own bosses than they do in federal taxes https://www.carscoops.com/author/chris-chilton-cc/ <!––> by Chris Chilton March 14, 2024 at 09:00 <!––> <!– –> Benjamin Franklin famously […]
Read MoreLook Out Fiat, China’s Chery Wants To Build Cars In Your Back Yard
Look Out Fiat, China’s Chery Wants To Build Cars In Your Back Yard | Carscoops <!—-><!– –><!– –><!—-><!—-> Chery is in discussion with Italian government about building a plant, says report https://www.carscoops.com/author/chris-chilton-cc/ <!––> by Chris Chilton 2 hours ago <!––> <!– –> The Chinese auto industry has some aggressive expansion plans that rely on more […]
Read MoreTesla Resumes Production At German Factory After Arson Attack
Tesla Resumes Production At German Factory After Arson Attack | Carscoops <!—-><!– –><!– –><!—-><!—-> An environmental group has claimed responsibility for the attack that may have cost Tesla hundreds of millions of euros https://www.carscoops.com/author/bradcarscoops-com/ <!––> by Brad Anderson March 13, 2024 at 08:31 <!––> <!– –> Production has recommenced at Tesla’s German Gigafactory after an […]
Read MoreMercedes Boss Pleads With EU To Reduce, Not Increase, Tariffs On Chinese EVs
Mercedes Boss Pleads With EU To Reduce, Not Increase, Tariffs On Chinese EVs | Carscoops <!—-><!– –><!– –><!—-><!—-> The executive does not believe in protectionism and says his company did not ask for the probe https://www.carscoops.com/author/bradcarscoops-com/ <!––> by Brad Anderson 2 hours ago <!––> <!– –> Mercedes-Benz boss Ola Källenius believes that Europe should lower […]
Read MoreDemand For Used ICE Cars To Increase As Supply Dries Up In The UK
Demand For Used ICE Cars To Increase As Supply Dries Up In The UK | Carscoops <!—-><!– –><!– –><!—-><!—-> With fewer ICE vehicles making their way into the used market, it’s predicted that dealers will be fighting over combustion powered cars in the used markets https://www.carscoops.com/author/sam-d-smith/ <!––> by Sam D. Smith 4 hours ago <!––> […]
Read MoreBoosting student engagement and workforce development in microelectronics
The Northeast Microelectronics Internship Program (NMIP), an initiative of MIT’s Microsystems Technology Laboratories (MTL) to connect first- and second-year college students to careers in semiconductor and microelectronics industries, recently received a $75,000 grant to expand its reach and impact. The funding is part of $9.2 million in grants awarded by the Northeast Microelectronics Coalition (NEMC) […]
Read More76% Of Americans Don’t Trust Car Dealers To Be Honest About Pricing
76% Of Americans Don’t Trust Car Dealers To Be Honest About Pricing | Carscoops <!—-><!– –><!– –><!—-><!—-> Roughly one in every three reported feeling pressure to purchase add ons too and the same percentage had to deal with hidden fees 4 hours ago <!––> <!– –> Car dealerships have a major problem when it comes […]
Read MoreRivian CEO In Op-Ed: Don’t Panic Georgia, $5 Billion Plant Still Coming (Later)
Rivian CEO In Op-Ed: Don’t Panic Georgia, $5 Billion Plant Still Coming (Later) | Carscoops <!—-><!– –><!– –><!—-><!—-> The company says its $5 Billion Georgia plant will be critical to take the R2 and R3 international https://www.carscoops.com/author/bradcarscoops-com/ <!––> by Brad Anderson 4 hours ago <!––> <!– –> While the focus of Rivian’s recent press event […]
Read MoreEV Production Costs To Beat ICE By 2027, But 15% Of Startups To Fold, Study Says
EV Production Costs To Beat ICE By 2027, But 15% Of Startups To Fold, Study Says | Carscoops <!—-><!– –><!– –><!—-><!—-> As automakers get better at making EVs, and gigasting techniques become ubiquitous, the cost of production goes down, but repair prices are rising 5 hours ago <!––> <!– –> One of the major concerns […]
Read MoreRivian Suspends $5 Billion Georgia Plant, Shifts R2 To Illinois
Rivian Suspends $5 Billion Georgia Plant, Shifts R2 To Illinois | Carscoops <!—-><!– –><!– –><!—-><!—-> The existing plant in Normal, Illinois, will see its annual capacity grow to 215,000 units to accommodate R2 production https://www.carscoops.com/author/bradcarscoops-com/ <!––> by Brad Anderson 5 hours ago <!––> <!– –> Rivian has put its $5 billion electric vehicle factory in […]
Read MoreIs this the future of fashion?
Until recently, bespoke tailoring — clothing made to a customer’s individual specifications — was the only way to have garments that provided the perfect fit for your physique. For most people, the cost of custom tailoring is prohibitive. But the invention of active fibers and innovative knitting processes is changing the textile industry. “We all […]
Read MoreRivian Cuts Shift But Maintains Production Goals
Rivian Cuts Shift But Maintains Production Goals | Carscoops <!—-><!– –><!– –><!—-><!—-> The company says it has improved production efficiency at the factory which employs 8,000 staff https://www.carscoops.com/author/bradcarscoops-com/ <!––> by Brad Anderson March 7, 2024 at 15:29 <!––> <!– –> Rivian is cutting one of the three shifts at its manufacturing facility in Normal, Illinois, […]
Read MoreOpenAI Releases Emails Showing Elon Musk’s Attempt To Merge With Tesla
OpenAI Releases Emails Showing Elon Musk’s Attempt To Merge With Tesla | Carscoops <!—-><!– –><!– –><!—-><!—-> Musk knew OpenAI needed money, agreed to a for-profit entity before leaving the company and suing it 1 hour ago <!––> <!– –> In a biting response to Elon Musk’s accusations, OpenAI fired back with emails highlighting the billionaire’s […]
Read MoreToyota To Take Control Of Battery Joint Venture From Panasonic
Toyota To Take Control Of Battery Joint Venture From Panasonic | Carscoops <!—-><!– –><!– –><!—-><!—-> Primearth EV Energy will start producing batteries for hybrids, PHEVs, and EVs https://www.carscoops.com/author/bradcarscoops-com/ <!––> by Brad Anderson 1 hour ago <!––> <!– –> Toyota’s joint venture battery company with Panasonic will become a wholly owned subsidiary of the Japanese automaker […]
Read MoreVW Group Faces Lawsuits Over Felicity Ace Shipwreck With 3,900 Cars
VW Group Faces Lawsuits Over Felicity Ace Shipwreck With 3,900 Cars | Carscoops <!—-><!– –><!– –><!—-><!—-> The ship’s operator says the fire started from a Porsche model’s battery and they were not properly informed of the danger and precautions needed to transport electric vehicles https://www.carscoops.com/author/bradcarscoops-com/ <!––> by Brad Anderson 3 hours ago <!––> <!– –> […]
Read MorePolestar CEO Says EV Doubters Falling Into ‘An Incredible Trap’
Polestar CEO Says EV Doubters Falling Into ‘An Incredible Trap’ | Carscoops <!—-><!– –><!– –><!—-><!—-> Where some automakers see an EV demand crisis, Polestar sees an opportunity, but is its optimism justified? 2 hours ago <!––> <!– –> Polestar has taken a bruising in recent months, as its performance disappointed investors, and its parent company, […]
Read MoreNissan And Fisker Are Reportedly About To Agree To A Partnership – A Win-Win Situation?
Nissan And Fisker Are Reportedly About To Agree To A Partnership – A Win-Win Situation? | Carscoops <!—-><!– –><!– –><!—-><!—-> Both automakers stand to benefit from the deal and without it Fisker may not last much longer 12 hours ago <!––> <!– –> Nissan and Fisker could be about to enter into a new partnership […]
Read MoreEV Owners Hit With $200 Annual Tax In Alberta, Canada, For Road Damage
EV Owners Hit With $200 Annual Tax In Alberta, Canada, For Road Damage | Carscoops <!—-><!– –><!– –><!—-><!—-> The Canadian province says the added weight of electric vehicles causes more wear and tear on roads https://www.carscoops.com/author/bradcarscoops-com/ <!––> by Brad Anderson 4 hours ago <!––> <!– –> The government of Alberta, Canada, will hit electric vehicle […]
Read MoreTests show high-temperature superconducting magnets are ready for fusion
In the predawn hours of Sept. 5, 2021, engineers achieved a major milestone in the labs of MIT’s Plasma Science and Fusion Center (PSFC), when a new type of magnet, made from high-temperature superconducting material, achieved a world-record magnetic field strength of 20 tesla for a large-scale magnet. That’s the intensity needed to build a […]
Read MoreSurprise! Study Finds The Greenest Car Isn’t An EV – But The Next Four Are
Surprise! Study Finds The Greenest Car Isn’t An EV – But The Next Four Are | Carscoops <!—-><!– –><!– –><!—-><!—-> One might have thought that Toyota’s plug-in hybrid can’t beat EVs – and they would be wrong 4 hours ago <!––> <!– –> This year’s GreenerCars rankings just came out and a vehicle with a […]
Read MoreEx Rivian Employee Says He Felt Like Working On The Wild West, Being Fired Was “A Relief”
Ex Rivian Employee Says He Felt Like Working On The Wild West, Being Fired Was “A Relief” | Carscoops <!—-><!– –><!– –><!—-><!—-> The worker mentioned surviving three previous layoffs at Rivian in the past 4 hours ago <!––> <!– –> A new report citing a now-former Rivian employee paints the automaker in quite a dim […]
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