Climate
Gas or renewables? With the world in an unprecedented energy crisis, top CEOs are searching for solutions
From the Covid-19 pandemic and supply chain shocks to rising inflation and Russia’s invasion of Ukraine, governments and businesses around the world are attempting to tackle and solve major crises — many of them interlinked — on multiple fronts. Against this challenging backdrop, energy markets have been roiled, with gas and oil prices surging and […]
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Cruise gets green light for commercial robotaxi service in San Francisco
Kyle Vogt, co-founder, president and chief technology officer for Cruise Automation Inc., speaks as he stands next to the Cruise Origin electric driverless shuttle during a reveal event in San Francisco, California, U.S., on Tuesday, Jan. 21, 2020. David Paul Morris | Bloomberg | Getty Images Autonomous vehicle venture Cruise, which is majority-owned by General […]
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The energy in nuclear waste could power the U.S. for 100 years, but the technology was never commercialized
EBR-II at the US Department of Energy’s Idaho National Laboratory. Photo courtesy Idaho National Laboratory There is enough energy in the nuclear waste in the United States to power the entire country for 100 years, and doing so could help solve the thorny and politically fraught problem of managing spent nuclear waste. That’s according to […]
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Ford’s U.S. sales decline narrowed in May as demand remained high for its electric vehicles and pickups
The Mustang Mach-E is Ford’s first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022. Michael Wayland / CNBC Ford Motor said Thursday that its U.S. sales fell just 4.5% in May from a year ago, a narrower decline than in recent months, as it continued to see white-hot demand […]
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Ford to add over 6,000 U.S. jobs as it boosts electric vehicle production and prepares for a new Mustang
Ford Mustangs go through assembly at the Ford Flat Rock Assembly Plant August 20, 2015 in Flat Rock, Michigan. Getty Images Ford Motor said Thursday that it will add about 6,200 union jobs in the Midwest as it revamps three factories to build new electric and gas-powered models, including a new seventh-generation version of the Mustang coupe. […]
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Sweeping water restrictions begin in Southern California as drought worsens
Paul Ramirez, 54, waters the front lawn at his home in Boyle Heights, California, May 11, 2022, as his dog Bandit, a 2 year old Yorkshire terrier, jumps for joy. Mel Melcon | Los Angeles Times | Getty Images Sweeping restrictions on outdoor water use go into effect on Wednesday for more than 6 million […]
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GM slashes prices of Chevy Bolt electric vehicles despite rising commodity costs
2022 BOLT EUV Source: Chevrolet DETROIT – Despite rising commodity costs, General Motors on Wednesday slashed the price of its 2023 Chevrolet Bolt EV, likely making it the least expensive electric vehicle on sale in the U.S. The Detroit automaker cut the cost of the Bolt EV to a starting price of $26,595, down $5,900 […]
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Ford CEO expects to see industry consolidation as the costs of transition to electric vehicles rise
Ford CEO Jim Farley poses next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022. Rebecca Cook | Reuters DETROIT — Ford Motor CEO Jim Farley expects the auto industry’s ongoing transition to electric vehicles to force major consolidation […]
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Buick unveils sleek new Wildcat car concept to shake off stodgy image and reinvent the brand for EVs
Buick Wildcat concept Buick DETROIT — General Motors on Wednesday unveiled the Buick Wildcat, a new concept car designed to signal a revolutionary change for the brand, as it moves to offer only electric vehicles in North America by the end of this decade. The car reflects the future design and technological directions of the […]
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Chinese automaker Nio reports May EV sales constrained by Covid as rivals XPeng and Li Auto gain ground
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Chinese electric vehicle maker Nio delivered more than 7,000 vehicles in May, up 4.7% from a year ago but well below its current production capacity, as Covid-related disruptions continued to limit the company’s manufacturing and its ability to […]
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