Tesla Inc. raised prices in the United States of its best-selling vehicle, the Model Y, by $1,000 after the government raised the ceiling on the price of crossover electric vehicles eligible for tax credits. Tesla increased the price of the Model Y Long Range to $54,990, and the Model Y Performance to $57,990, a $1,000
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In this article RIVN F Follow your favorite stocksCREATE FREE ACCOUNT RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor liquidated most of its ownership stake last year in electric vehicle maker Rivian Automotive, according to
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Feb 3, 2023 NEW YORK — Ford has confirmed it will return to Formula One in 2026 as it joins forces with world champions Red Bull. The American automotive giant announced its return to the sport on Friday morning at Red Bull’s launch event in New York. The deal will see Ford team up with
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StoreDot, a startup developing fast-charging electric vehicle batteries, and Circulor, a supply chain tracing company, unveiled a partnership Tuesday aimed at increasing transparency in the EV battery supply chain. The companies will track carbon dioxide emissions from mining the necessary raw materials used in StoreDot battery cells and the cell manufacturing process. That will help
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SAN LUIS POTOSI, Mexico — BMW plans to invest 800 million euros ($866 million) in the central Mexican state of San Luis Potosi to produce high-voltage batteries and fully electric Neue Klasse models. The expansion, set to add around 1,000 new jobs at its operations in the Mexican state, is BMW’s latest push into electric
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Spartan Radar, an automotive software startup focused on leveraging radar technology for driver-assist systems and self-driving vehicles, closed its $17 million series B funding round on Wednesday. The funding will help the Los Alamitos, Calif., company deliver its flagship Ago software-based program that improves driver-assist systems’ resolution and range to market. It also will use
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