EV Maker Lucid Chops Hundreds of Jobs Amid Red Ink
NEWARK, Calif. — Lucid Group has revealed its plans to slash hundreds of jobs, part of a reorganization that the maker of electric vehicles hopes will help position it for “future success.”
Parts Suppliers Fear a Crash With Shift to EVs
Anxiety over a transition to electric vehicles is high in the thousands of businesses that have long supplied parts and equipment for cars and trucks powered by internal combustion engines.
Focus on Tire Recycling Renews as BEV Numbers Swell
Retreading is a key instrument in a fleet manager’s cost management toolbox, but what happens after tires reach the end of their life span?
Expert Panel Critical of Regulatory Push for Electric Trucks
SAN ANTONIO — The road ahead for fleets to convert to electric trucks is an expensive and challenging one, a panel of trucking experts told executives at ATA's 2024 Midyear Management Session.
Unsteady EV Demand Drives Automaker-Supplier Tension
Rising costs and unsteady demand for EVs remain major sources of friction between automakers and their suppliers, according to a new survey examining supplier-automaker relationships.
Honda to Invest $65 Billion Over 10 Years to Bolster EV Push
Honda will invest $65 billion on its electrification strategy this decade as it expects demand for battery-powered vehicles will rebound from short-term headwinds.
US Cites Threat of Chinese EVs Made in Mexico as Trade Worry
The Biden administration is keeping an eye on attempts by Chinese companies to export cars from Mexico into the United States.
Ryder: Switching to a Class 8 EV May Double Vehicle Costs
A new analysis by leasing and logistics specialist Ryder System indicates the business case for swapping a diesel or gasoline van or truck for an EV is shaky for much of the trucking industry.
Biden Hikes Tariffs on Chinese Electric Vehicles
WASHINGTON — The Biden administration announced plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment.
May 14, 2024BP Keen to Buy Tesla Supercharging Sites for US Expansion
BP Plc’s electric vehicle charging arm is eager to snap up Tesla Inc. supercharging sites across the US — along with the workers behind them — and has pledged $1 billion to expand its network.