Transportation
Genuine Parts reported a third quarter adjusted net income of USD 351.2 million, or USD 2.49 per share, compared to analysts’ estimate of USD 2.40 per share. Automotive parts distributor Genuine Parts on Thursday raised its profit forecast for 2023 driven by robust demand for replacement parts. Labor shortages and elevated input costs have shot…
Management now has a very short period while the company is in administration to find a suitable rescue bid for the company, before administrators start trying to minimize creditors’ losses by selling off assets. The management of bankrupt electric truck maker Volta Trucks is urgently seeking a buyer to take the company out of administration…
Today, Lucid Motors announced the unveiling date of its second all-electric car model – the Lucid Gravity SUV. The Lucid Gravity will debut at the upcoming LA Auto Show on November 16, 2023, joining the Lucid Air sedan, which has been on the market since late 2021. Lucid’s naming strategy is to use the forces…
During the third quarter of 2023, Tesla slightly accelerated the rate of expansion of its Supercharging network around the world. The number of new stations (globally) amounted to 330 (up six percent year-over-year), which is the highest result so far this year. The number of new individual connectors increased by 11 percent year-over-year to 3,023,…
Another one bites the dust. Today, Toyota announced that its future EVs, along with those from Lexus, will join more than a dozen other automakers in moving to Tesla’s North American Charging Standard (NACS) plug standard. “In line with Toyota’s vehicle electrification strategy that offers a plethora of options for electrified powertrains, Toyota and Lexus customers…
Cycling’s been proven to be an effective way to get around town and work up a sweat, especially now, as many cities around the world take a cycling-focused approach to urban mobility. For the most part, there are tons of choices on the market for both electric and non-electric bicycles, however, it goes without saying…
Tesla announced on its Chinese social media channels today that sales of the highly upgraded Tesla Model 3 Highland will begin there by the end of October. But as for when the refreshed sedan will come to the U.S., that remains an open question. According to a post on the Weibo network, deliveries of the…
Yesterday, we reported on Kia introducing a new Light Long Range trim level on the 2024 EV6. Now the automaker has gone official with the news, announcing pricing for the entire EV6 lineup in the process. And the good news here is that while prices have gone up a bit, the fastest EV6 just got…
Electric cars are rapidly rising in popularity. Tesla consistently sees record EV deliveries year-over-year, and other automakers like Polestar and Ford are seeing their EV sales uptick. However, EVs still comprise a small portion of the new car market. In 2022, they sat at 5.6% of the total new market share. Many consumers are still…
Do you want to live the RV life in the greenest way possible, but need some style as well? Meet the Pebble Flow, the newest all-electric travel trailer. And this one is developed by a team of people who used to work for Apple, Tesla, Cruise, Zoox, and Volvo. No wonder it looks so cool. With…
