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August 31, 2023 12:15 PM EDT
U.S. Secretary of Energy, Jennifer Granholm held a briefing with journalists Thursday where the former governor announced the United States will be making $12 Billion in funds available through grants and loans to automakers and their suppliers for the purpose of retrofitting facilities to produce electric and other advanced vehicles.
The funding will include $10 billion from a federal loan program for clean vehicles and aims to support... More
August 31, 2023 8:53 AM EDT
The Wall Street Journal (WSJ) reported Wednesday that federal prosecutors are looking into Teslas (NASDAQ: TSLA) vehicle performance claims following a July story by Reuters outlining the electric automakers scheme to exaggerate the potential driving distance of its vehicles.
Reuters previously reported that Tesla vehicles frequently fall short of reaching the range expectations and forecasts... More
August 30, 2023 10:00 AM EDT
The European Automobile Manufacturers Association (ACEA) published its monthly data on Wednesday, revealing a 15.2% surge in new car registrations in Europe for the month of July. This marks the 12th consecutive month of expansion as the automotive sector rebounds from supply chain challenges brought on by the pandemic.
The sales of electric vehicles surged... More
August 29, 2023 3:25 PM EDT
Documents released to the media Tuesday show The National Highway Traffic and Safety Administration (NHTSA) has sent a special order to electric automaker, Tesla (NASDAQ: TSLA) with questions concerning changes to the companys driver monitoring system employed in their autopilot software.
In a notice dated July 26th, the NHTSA expressed concerns about a Tesla update... More
