Tag Archives: electric car

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Ferrari CEO expects fully-electric car after 2025

12 December, 2019 4:31 pm 4:31 pm

MARANELLO, Italy (Reuters) – Ferrari will issue its first fully electric model after 2025, with battery technology still requiring more development, Chief Executive Louis Camilleri said. Ferrari has previously said a fully electric vehicle would be launched after the current industrial plan ends in 2022. Analysts have said they do not expect it before 2023. … Read More


Electric car models to triple in Europe by 2021: Transport experts

07 July, 2019 10:00 am 10:00 am

(Web Desk) – The number of electric car models available to consumers in Europe is expected to triple by 2021, according to European transport experts. The uptake of electric cars has been stalling, blamed on a lack of charging infrastructure and higher prices. Latest data shows carmakers will offer 214 electric car models in 2021, … Read More

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Dutch adventurer finishes three-year electric car journey in Australia

04 April, 2019 10:05 pm 10:05 pm

MELBOURNE (Reuters) – As Wiebe Wakker turned off his car in Sydney, Australia on Sunday afternoon it marked the end of a more than three-year journey for the Dutch adventurer and Blue Bandit, his converted electric Volkswagen Golf. Wakker’s Plug Me In initiative is the longest journey in an electric car ever recorded and was … Read More

Tesla achieves Model 3 production of 1,000 cars per day

12 December, 2018 9:49 am 9:49 am

CALIFORNIA (Reuters) – Tesla Inc met its production target of 1,000 Model 3 cars per day, automotive news website Electrek reported , citing Chief Executive Officer Elon Musk’s email to employees. The car was introduced to the public in early 2016 amid great fanfare, with repeated promises throughout 2017 that Tesla was “on track” to … Read More

Total says batteries investment depends on level playing field with Asia

11 November, 2018 10:37 am 10:37 am

PARIS (Reuters) – Oil and gas major Total will invest heavily in car battery production only if it can compete on a level playing field with Chinese and Asian manufacturers, its chief executive said . Battery maker Saft, a unit of Total, said in May that it planned to invest more than 200 million euros … Read More

Tesla starts taking Model 3 orders in China

11 November, 2018 9:39 am 9:39 am

CALIFORNIA (Reuters) – Tesla Inc has started taking orders for its Model 3 sedan in China for a deposit of 8,000 yuan ($1,153.60), according to the electric carmaker’s China website. Chief Executive Officer Elon Musk said, “Probably some deliveries in March, but April is more certain”, after a Twitter user asked when the deliveries in … Read More

VW and Ford in talks on self-driving and electric vehicles

11 November, 2018 8:17 am 8:17 am

FRANKFURT (Reuters) – Volkswagen AG  and Ford Motor Co  are in “exploratory talks” to jointly develop self-driving and electric vehicles in a far-reaching strategic alliance meant to save the companies billions of dollars, according to a person familiar with the matter. The German and US automakers are expected to provide an update on the progress … Read More

Tesla shares jump on Model 3 numbers, Musk deal

10 October, 2018 9:22 am 9:22 am

CALIFORNIA (Reuters) – Shares of Tesla Inc jumped by almost 18 percent  as Chief Executive Elon Musk settled a lawsuit that had threatened to force him out and said a surge in third-quarter production had driven it to the verge of profitability. Tesla fans cheered the signs of a manufacturing jump while business analysts said … Read More

Musk to resign as Tesla chairman, remain as CEO in SEC settlement

09 September, 2018 8:41 am 8:41 am

WASHINGTON (Reuters) – Tesla Inc and Elon Musk have agreed to pay $20 million each to financial regulators and the billionaire will step down as the company’s chairman but remain as chief executive, under a settlement that caps a tumultuous two months for the carmaker. The securities fraud agreement, disclosed by the US Securities and … Read More

Tesla’s Musk may settle SEC lawsuit but ready for fight

09 September, 2018 9:08 am 9:08 am

NEW YORK (Reuters) – Tesla Inc’s  Elon Musk could settle with US regulators who have sued to remove him from the electric carmaker’s leadership, but he is prepared to fight the securities fraud lawsuit against him in court, sources said  as shares plunged about 14 percent. Musk, Tesla’s chairman and chief executive, has been directly … Read More

Tesla is making its own car carriers

09 September, 2018 9:23 am 9:23 am

CALIFORNIA (Reuters) – Tesla Inc  is building its own car carriers, as the electric carmaker faces vehicle distribution problems. The company is upgrading its logistics system but running into an “extreme” shortage of car carrier trailers, Chief Executive Elon Musk tweeted on Monday in response to a customer, who placed order for a Model 3 … Read More

Electric Mercedes opens German assault on Tesla

09 September, 2018 9:41 am 9:41 am

STOCKHOLM (Reuters) – Mercedes-Benz is set to unveil its much-anticipated electric SUV on Tuesday, marking the start of a German onslaught against Tesla’s dominance of the fast-growing market for premium battery cars. Daimler-owned  Mercedes, BMW  and Volkswagen’s Audi and Porsche divisions are all gunning for the $52 billion Californian upstart, with early publicity efforts emulating … Read More

Ontario to include Tesla in rebate program after court decision

09 September, 2018 9:20 am 9:20 am

CALIFORNIA (Reuters) – Ontario will include some Tesla Inc car owners under its rebate plan as the province winds down an incentive program for electric cars, the ministry of transportation said. The decision follows the Ontario Superior Court of Justice on Tuesday striking down a transition program, including the Electric and Hydrogen Vehicle Incentive Program, … Read More

UK inventor Dyson outlines plans for electric car test track

08 August, 2018 10:26 am 10:26 am

LONDON (Reuters) – James Dyson, billionaire British inventor of the bagless vacuum cleaner, outlined plans on Thursday to build new testing facilities and invest another 116 million pounds ($150 million) to develop an electric car to be launched by 2020. He published details of a planning application to build over ten miles of test track … Read More

Tesla CEO Musk drops pursuit of $72 billion take-private deal

08 August, 2018 8:47 am 8:47 am

CALIFORNIA (Reuters) – Tesla Inc Chief Executive Elon Musk said he would heed shareholder concerns and no longer pursue a $72 billion deal to take the luxury electric car maker private, abandoning an idea that stunned investors and drew regulatory scrutiny. The decision to leave Tesla as a publicly listed company raises new questions about … Read More