Buick launched sales of its second Ultium platform-based electric vehicle, the Electra E4, this week in China, as General Motors continues to expand its lineup of EVs in a key market. The electric coupe, available in two- and all-wheel-drive versions, is priced from 189,900 yuan ($26,448) to 259,900 yuan, GM’s China unit said. It is…
Tag: automotive news europe
Tesla EV charging agreements with Ford, GM muddle standard
Two pathways are emerging as electric vehicle charging infrastructure expands across the US Automaker partnerships will determine whether those technologies will coexist or whether one will push the other out, like VHS and Betamax. Four months ago, the US was heading toward a standard way of charging EV with chargers other than those built by…
Elon Musk’s politics play to potential EV buyers in red states
Mario Natarelli, managing partner of the MBLM marketing group, doesn’t see Musk’s political shift and controversial Twitter posts as an attempt to shift from “blue” liberal customers to “red” conservative shoppers. “I don’t buy the argument that Musk is trying to pivot to red customers,” Natarelli said. “To think that he’s doing it on purpose…
Panasonic Confirms Third EV Battery Plant For The US
Japanese battery and electronic manufacturer Panasonic has confirmed it will build a third EV cell factory in the United States, according to Automotive Newsciting Panasonic Energy’s CEO Kazuo Tadanobu, who spoke at the company’s annual business strategy meeting yesterday. Currently, the Japanese electronics company operates a manufacturing facility along with Tesla at the EV maker’s…
US judge throws out lawsuit against Elon Musk over Twitter
A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter shareholders several times last year in the course of buying the social media company for $44 billion. In a decision on Monday, US District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked standing to sue because he…
CarGurus COO: CarOffer digital wholesale platform remains solid
Editor’s note: CarGurus said it has the right to buy the rest of CarOffer but has not made a final decision to do so. An earlier version of this story said the company planned to move ahead with that transaction. CarGurus Inc., which acquired a majority stake in CarOffer in 2021, might proceed with plans…
Polestar 3 electric crossover delayed again
Polestar now expects 2023 global sales volumes of 60,000 to 70,000, compared with its earlier forecast of about 80,000 units. Polestar delivered 51,491 units last year. “Given the tougher economic climate, it is difficult for us to compensate for the absence of the Polestar 3 volumes with an incremental Polestar 2 volume,” Polestar CFO Johan…