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With the launch of GM’s next-generation EV platform in 2021 the company is pretty convinced its electrified vehicle business will get more profitable. Automakers have been losing money for years on all-electric vehicles such as the Chevrolet Bolt in exchange for meeting tighter environmental regulations while positioning themselves for an expected increase in demand for alternative powertrains. General Motors plans to sell 1 million EVs annually by 2026, driven by ongoing cost reductions and the debut of at least 20 new all-electric and hydrogen fuel cell vehicles globally by ...
Over the next 2 decades expect the vehicle sales to decline. In Europe, U.S., and India based on the latest study overall annual private car sales will go down over the next 23 years to 54 million in 2040. About 67 million vehicles a year are sold currently in those regions. Another finding from the study was that more than 80 percent of the vehicles sold worldwide in 2040 will still use some form of petroleum-fueled combustion engine.Plug-in hybrids will account for another 14 percent of sales in 2040, IHS Markit forecast. Cars powered only by gasoline or diesel cars will make up about 62 per...
Tesla faces a lawsuit for racial discrimination at its California production plant. It’s at least the third filed this year by black workers who say they were addressed using racial slurs and that the company ignored their complaints. But Monday's lawsuit, filed by former Tesla employee Marcus Vaughn, is the first to bring those claims on behalf of a large class of black workers at the automaker's Fremont, Calif., factory. Tesla did not respond to a request for comment. The company is also facing lawsuits accusing it of discrimination against gay and older workers. It ...
Nissan Rogue has been vaulted into the galactic of Star Wars last year, and basked into the spectacle surrounding the fortuitously named Rogue One: A Star Wars Story Nissan dealers, many of whom outfitted their stores with Rogue One decorations as part of the automaker's marketing alignment with Walt Disney's Lucasfilm, loved the connection to the beloved franchise. There was even a movie-themed limited-edition Rogue. But for the latest tie-in for Star Wars: The Last Jedi, dealers had a challenge for Nissan's marketing brass: How could they spread the ferv...
As long as the brainpower of cars can keep up, they aren’t going to disappear from the market, Ford Motor Co’s top executive says. He thinks Ford’s future isn’t in giving up on cars, it’s in giving up on the dumb ones. Hackett, who became Ford's CEO when his predecessor was ousted in May, is pushing to accelerate the automaker's moves into connected, electric and self-driving cars around the globe. Ford announced on Wednesday a joint venture to manufacture and sell a new line of battery-powered cars in China after making a similar move in India ...