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Archive for the ‘EVs’ Category

FedEx to Add 1,000 Chinese EV Vans to Delivery Fleet

Delivery service hopes to reduce costs, as well as emissions.

by Paul A. Eisenstein on Nov.20, 2018

FedEx plans to add 1,000 of the Chanje vans to its U.S. delivery fleet.

FedEx Corp. is plugging into battery power, the delivery service announcing today it will add 1,000 Chinese-made vans to its fleet as part of a commitment to reduce both energy consumption and vehicle emissions.

It joins a growing list of delivery services, including UPS and Deutsche Post, that are testing out the capabilities of fully electric trucks for use on both short and long-haul routes.

Green News!

“FedEx continually seeks new ways to maximize operational efficiency, minimize impacts and find innovative solutions through the company’s Reduce, Replace, Revolutionize approach to sustainability,” said Mitch Jackson, FedEx Chief Sustainability Officer. “Our investment in these vehicles is part of our commitment to that approach of serving our customers and connecting the world responsibly and resourcefully.”

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Tesla Promises Model 3 Delivery by Dec. 31 to Meet Tax Deadline

Order by end of month, get by end of year, Musk tweets.

by Michael Strong on Nov.16, 2018

Tesla CEO Elon Musk tweeted that the company would deliver any Model 3 ordered by the end of November by Dec. 31.

Tesla CEO Elon Musk claims that Model 3s ordered in the U.S. by the end of November will be delivered by Dec. 31 — a delivery rate that is much faster than for earlier Model 3 sedans.

The edict, issued by Musk via Twitter, is designed to push sales to get them completed in time to take advantage of tax breaks for buyers. The move comes as Tesla and General Motors are lobbying government officials to extend tax incentives for EV buyers.

Business News!

“Tesla just acquired trucking capacity to ensure Model 3 can be delivered in U.S. by Dec 31 if ordered by Nov 30,” Musk tweeted on Thursday. He late clarified how they’re going to get this done. (more…)

Negotiating Deal VW is a “Delicate Dance,” Says Ford CEO Hackett

First project could be announced before year-end.

by Paul A. Eisenstein on Nov.15, 2018

Ford CEO Jim Hackett described the talks with Volkswagen as a "delicate dance."

A deal between Ford and Volkswagen focusing on joint efforts in the light commercial vehicle market could come together quickly, but in his first official acknowledgement that the two carmakers are exploring a wide range of additional options, Ford CEO Jim Hackett said those negotiations involve a “delicate dance.”

Like a growing number of competitors, Ford has opened up to the possibility of teaming up with erstwhile rivals on a variety of projects. And, in recent weeks, sources have indicated it is discussing deals that also could see them team up on everything from autonomous and electrified vehicles to joint production and marketing efforts in markets such as Europe and Latin America.

Insight!

“(VW CEO) Herbert (Diess) and I had a great discussion” about a possible alliance on commercial trucks, Hackett said in an interview with the Reuters news service, noting that things are “going better than we thought it would.” (more…)

Range Rover Wires In Teaser ahead of New Evoque Debut

Fleshed-out SUV coming to Los Angeles – and could feature new Transparent Hood technology.

by Paul A. Eisenstein on Nov.15, 2018

Land Rover created full-size, wireframe versions of the second-generation Range Rover Evoque.

Land Rover took a dramatic turn with the 2011 launch of the Range Rover Evoque, moving away from its traditionally boxy SUVs to deliver something far more sleek and sinuous. With its distinctive, sloping roofline, it quickly became the brand’s big seller, attracting a wide range of new buyers that might otherwise have ignored the British brand.

Eight years in, the automaker is getting ready to roll out a new version of the Evoque at the Los Angeles Auto Show, with a sneak peek coming a week earlier. To give us a hint of what’s coming, Land Rover has released a group of unusual teaser images.

Auto Show News!

Unlike the usual teasers that cross our desk, these aren’t carefully cropped or shadowed images but, rather, wireframe renderings that clearly lay out the exterior dimensions of the new 2019 Range Rover Evoque. And, we’re hearing, there very well could be a secondary meaning to this approach, hinting at a major new feature that could debut on the new SUV.

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Faraday Future Insists it Isn’t Going Away

New plan calls for leaner management, second product, even an IPO – if it can stay in business long enough.

by Paul A. Eisenstein on Nov.14, 2018

In better days: Jia Yueting and Nick Sampson, helped unveil the FF91 at the 2016 CES.

Only a matter of weeks ago, battery-carmaker Faraday Future seemed ready to turn out the lights, co-founder Nick Sampson resigning and then declaring in a blog post that the company was “effectively insolvent.” But, despite a seemingly endless series of crises, including one that forced it to cancel a planned assembly plant in Nevada, Faraday’s new management team continue to project a surprisingly bullish take on their future.

Late Tuesday, in fact, the California-based company released a statement outlining its plans for the future, which included a new, “lean management” structure, and “fortified product plans” that not only include the original FF91 supercar but a second, more mainstream crossover.

Breaking News!

Of course, there is the minor issue of finding the necessary cash. Faraday’s latest crisis was kicked off when China’s Evergrande Health Industry Group backed out of a deal that was supposed to generate as much as $2 billion in capital. For the moment, the automaker says it is on the hunt for $500 million to get it back on track.

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Aston Martin Confirms DBX Name, Shows New SUV Testing

Production model set for Q4 2019 reveal.

by Paul A. Eisenstein on Nov.14, 2018

Aston Martin is bringing the DBX sport-utility vehicle to market after showing a concept a few years ago.

File it under “No Big Surprise”: Aston Martin has confirmed that its first-ever SUV will retain the name of the original concept ute, DBX. That said, there have been plenty of significant changes since the prototype was initially revealed at the Geneva Motor Show in March 2015.

For one thing, the original, three-door show car now has a more conventional, five-door layout, albeit retaining a coupe-like roofline that, while not as exotic as the new Lamborghini Urus is certainly more sporty than the stolid Bentley Bentayga.

Product News!

The pics here show what is described as a DBX prototype being put through its paces on a Welsh rally stage by Aston Chief Engineer Matt Becker. And, according to a statement by the British marque, “signifies the start of an extensive testing program, (o)ne that has begun in Wales, as a nod to Aston Martin’s new St. Athan production facility in the Vale of Glamorgan.” (more…)

Former Tesla Employee Allegedly Embezzled $9.3M from EV Maker

Parulekar allegedly used suppliers to abscond with cash.

by Michael Strong on Nov.12, 2018

A former Tesla employee allegedly embezzled $9.3 million from the company.

A former Tesla Inc. executive was indicted by a federal grand jury indicted for allegedly embezzling $9.3 million by impersonating an employee at a supplier.

According the indictment, Salil Parulekar got Tesla to send money owed to one supplier to another supplier. Once the money was moved, by impersonating an employee at that company he shifted the money into his account.

News You Can Trust!

Parulekar, who worked for Tesla for four years until 2017, was responsible for overseeing Tesla’s relationship with certain suppliers for various parts and services related to the company’s electric vehicles, according to the Justice Department. (more…)

CEO Says VW Ready to Build 50 Million EVs

German automaker expects to spend nearly $60 bil on batteries alone.

by Paul A. Eisenstein on Nov.12, 2018

VW's CEO Herbert Diess said the company made arrangements to buy 50 million electric vehicle batteries.

Even though it won’t launch its first long-range battery-electric vehicle, or BEV, until next year, Volkswagen’s CEO is forecasting massive growth in the sector, the German automaker already having “booked” plans to build 50 million BEVs.

Precisely how long it will take to hit that target Volkswagen Chief Executive Herbert Diess didn’t say during an interview with German trade publication Automobilwoche. But the VW Group is expected to sell 10.7 million vehicles this year, a figure that includes a broad range of powertrain technologies, primarily diesel and gasoline.

Dig Deeper!

The launch of a Golf-sized all-electric model next year will put Volkswagen in direct competition with Tesla, and the Germans are preparing to roll out an array of other BEVs, including a reborn Microbus set to be called the I.D. Buzz. Sibling brand Audi, meanwhile, just introduced its first BEV, the e-tron SUV. All told, the various VW Group brands, ranging from entry-level Seat and Skoda to high-line Bentley and Lamborghini, plan to have at least 40 all-electric models in showrooms by 2025. (more…)

VW Reportedly Set to Undercut Tesla Model 3 Price with Entry Long-Range EV

Entry model could come in around $23,000, according to report.

by Paul A. Eisenstein on Nov.09, 2018

VW plans to have two dozen fully electric vehicles, like this I.D. Crozz concept, in production.

Volkswagen is set to launch a base-model, long-range electric vehicle for less than $23,000, according to a report by Reuters, a price that would undercut the long-awaited entry-level Tesla Model 3 by more than a third.

Initially reluctant to enter the electrified vehicle market, the Volkswagen Group has now laid out an aggressive strategy that will include more than 40 all-electric models, as well as dozens of hybrids and plug-ins, for sale through its dozen different passenger vehicle brands. Meanwhile, the Wolfsburg-based carmaker is in discussions with Ford Motor Co. that could see them cooperate on EV development.

Plug In!

The VW brand itself will cover a wide range of model segments with pure battery-electric vehicles through a new sub-brand dubbed I.D. These will include a reborn version of its legendary Microbus set to be marketed as the I.D. Buzz, as well as mid-sized and smaller offerings. The base model, TheDetroitBureau.com confirmed, is being referred to internally as the “MEB entry.” (more…)

Denholm Replaces Musk as Tesla Chairman

Appointment could be temporary, as Musk can regain post after three years.

by Paul A. Eisenstein on Nov.08, 2018

Australian Robyn Denholm will succeed Elon Musk as Tesla's chairman, though he remains CEO.

Australian Robyn Denholm is Tesla’s new chairman, replacing Elon Musk as head of the board of directors following a settlement with the Securities and Exchange Commission that forced the South African-born exec to relinquish his role.

Musk, who will remain chief executive officer of the battery-carmaker, can attempt to regain the chairman’s post, as well, after a three-year hiatus mandated by the SEC settlement. The agreement was reached after the government accused the 47-year-old of lying to investors when, last August, he declared that he had arranged funding to take Tesla private.

Breaking News!

The move will position Denholm as one of the highest-ranking female executives in the auto industry, with General Motors’ Mary Barra the only other woman serving as chairman of a major car manufacturer. Denholm had already been serving as an independent director on the Tesla board since 2014. There is one other woman on the board. (more…)