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Industry

While Consumers Struggle To Make Ends Meet, Oil Companies Score Outrageous Profits
While Consumers Struggle To Make Ends Meet, Oil Companies Score Outrageous Profits

29 Jul 2022, 15:02 UTC · By: Cristian Agatie / ExxonMobil and Chevron both reported their highest-ever profit ever during the second quarter, helped by record gasoline prices

 
Siemens and ConnectDER Team Up To Make Home EV Charging Easier
Siemens and ConnectDER Team Up To Make Home EV Charging Easier

29 Jul 2022, 13:31 UTC · By: Alexandru Boghiu / If driving an EV sounds like fun, but your home’s electric panel needs costly upgrades to support an EV charger, Siemens has your back

 
Global Economic Uncertainty What? Bentley Posts Record Financial Results for H1
Global Economic Uncertainty What? Bentley Posts Record Financial Results for H1

29 Jul 2022, 08:39 UTC · By: Cristian Gnaticov / You most likely know what Bentley's best-selling vehicle was in the first half of the year, but what was their second popular product?

 
New FAA Approval to Help Flytrex Expand Its Drone Deliveries to Over 100K U.S. Customers
New FAA Approval to Help Flytrex Expand Its Drone Deliveries to Over 100K U.S. Customers

28 Jul 2022, 14:22 UTC · By: Cristina Mircea / Drone delivery company Flytrex gets approval from the FAA to expand its delivery radius from one to two nautical miles across all its operating stations.

 
Splashed With Champagne or Not, Steve Aoki Inspires His Audience With This BMW Design
Splashed With Champagne or Not, Steve Aoki Inspires His Audience With This BMW Design

28 Jul 2022, 13:19 UTC · By: Camelia Bistrae / When he is not throwing cake into the crowd, Steve Aoki actively participates in the design of some cars, leaving his mark as a true source of inspiration.

 
Bentley Delays Launch of Its First Electric Vehicle Until 2026, Not Because of VW Setback
Bentley Delays Launch of Its First Electric Vehicle Until 2026, Not Because of VW Setback

28 Jul 2022, 12:58 UTC · By: Ancuta Iosub / The company's CEO says the delay is just a “matter of months” rather than a full year, as the EV was supposed to come out in late 2025

 
Boots Becomes the First Community Pharmacy in the U.K. To Deliver Meds by Drone
Boots Becomes the First Community Pharmacy in the U.K. To Deliver Meds by Drone

28 Jul 2022, 10:09 UTC · By: Cristina Mircea / U.K.'s Boots pharmacy chain, health and beauty retailer, is testing drones for the delivery of prescription meds in the United Kingdom

 
Parts Shortages Lead to 6% Workforce Reduction, Restructuring at Rivian
Parts Shortages Lead to 6% Workforce Reduction, Restructuring at Rivian

28 Jul 2022, 05:31 UTC · By: Tim McKenzie / The announcement of a 6% reduction in its workforce of 14,000 will not affect production at its Illinois manufacturing facility

 
New-Vehicle Prices Hit a Record-High in June, EVs Selling for $66,000 on Average
New-Vehicle Prices Hit a Record-High in June, EVs Selling for $66,000 on Average

27 Jul 2022, 14:45 UTC · By: Cristian Agatie / The new-vehicle prices hit an all-time high in June, pushed by the strong luxury share and rampant inflation, reveals a Kelley Blue Book report

 
French Automaker Citroen Has Launched a Stylish New C3 in India
French Automaker Citroen Has Launched a Stylish New C3 in India

27 Jul 2022, 15:20 UTC · By: Tim McKenzie / The Citroen C3 has landed in India to take on homegrown Tata and Maruti Suzuki with an all-new look and feel of a compact SUV.

 
Germany To Lower EV Car Subsidies for Buyers Next Year; Then Nix Completely
Germany To Lower EV Car Subsidies for Buyers Next Year; Then Nix Completely

27 Jul 2022, 06:08 UTC · By: Tim McKenzie / Germany's economy ministry cited the growing popularity of Electric vehicles as the reason behind phasing out the program beginning next year

 
General Motors' Profit Hammered in 2nd Quarter, Optimistic About Annual Sales Forecast
General Motors' Profit Hammered in 2nd Quarter, Optimistic About Annual Sales Forecast

26 Jul 2022, 16:19 UTC · By: Tim McKenzie / GM profits plunge by 40% as supply chain issues and part shortages continue to reign in the production potential of factories company-wide

 
Volkswagen Starts ID.4 Production in Chattanooga With SK Innovation Cells Made in Georgia
Volkswagen Starts ID.4 Production in Chattanooga With SK Innovation Cells Made in Georgia

26 Jul 2022, 14:06 UTC · By: Gustavo Henrique Ruffo / The company announced it will hire 1,000 new workers to achieve 7,000 ID.4s per month until the end of 2022. Deliveries begin in October

 
Faraday Future Needs More Cash To Launch FF 91 SUV-Its First Luxury Electric Vehicle
Faraday Future Needs More Cash To Launch FF 91 SUV-Its First Luxury Electric Vehicle

26 Jul 2022, 12:50 UTC · By: Tim McKenzie / CEO Carsten Breitfeld stated just over a month ago the company had the cash to fund the launch of its FF 91 luxury SUV EV but that has changed

 
Ferrari Maranello HQ Getting More Than 3,800 Solar Panels From Enel X
Ferrari Maranello HQ Getting More Than 3,800 Solar Panels From Enel X

26 Jul 2022, 10:05 UTC · By: Mircea Panait / With the help of Italian multinational Enel X, the Prancing Horse of Maranello prepares for the electrified future with solar panels that promise 1,535 kWp

 
GM Will Reward You for NOT Flipping Your Brand New 'Vette
GM Will Reward You for NOT Flipping Your Brand New 'Vette

26 Jul 2022, 08:16 UTC · By: Alexandru Boghiu / Getting a brand-new Corvette Z06? Hold on to it for at least a year, and GM will give you 500,000 points (valued at $5,000) via their rewards program

 
$2.5 Billion Loan From U.S. Government Energizing GM Battery Venture
$2.5 Billion Loan From U.S. Government Energizing GM Battery Venture

26 Jul 2022, 06:09 UTC · By: Tim McKenzie / The U.S. Energy Department announced its intention of providing a $2.5 billion loan to help GM finance the construction of EV battery facilities

 
GM Offers Free Virtual Education on EVs via Newly-Launched EV Live Website
GM Offers Free Virtual Education on EVs via Newly-Launched EV Live Website

25 Jul 2022, 20:36 UTC · By: Ancuta Iosub / EV specialists will answer questions coming from the public in real-time and will provide virtual tours of a specific car, charging infrastructure, and more

 
Shanghai Shutdown Forces Toyota To Cancel Some Harrier Orders
Shanghai Shutdown Forces Toyota To Cancel Some Harrier Orders

25 Jul 2022, 15:56 UTC · By: Tim McKenzie / Toyota Motor Corp. is asking customers whose Harrier order was canceled to switch their orders to the improved model Harrier due this fall

 
CATL Promises M3P Cells For 2023, But What Are They?
CATL Promises M3P Cells For 2023, But What Are They?

25 Jul 2022, 14:02 UTC · By: Gustavo Henrique Ruffo / According to the Chinese battery maker, these batteries do not use the same chemistry as lithium manganese iron phosphate (LMFP) cells