Good morning! It’s Monday, June 24, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Ed Begley Jr. On The Past And Present Of Electric Vehicles 1st Gear: Fisker Starts Selling Off Its … Read more
Photo: Electrify America The recent surge in cable theft from electric vehicle charging stations could be tied to the increasing price of copper, an increase largely due to the increase in EV production. This negative feedback loop has caught the attention of charging companies and police, the AP reports. Authorities are recommending increased surveillance to … Read more
DETROIT: Tesla shareholders voted Thursday to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker. The favorable vote doesn’t necessarily mean that Musk will get the all-stock compensation anytime soon. … Read more
Tesla expects to increase the price of its Model 3 because of import duties to be levied by the E.U. on cars made in China, the carmaker said on its website on Thursday, without specifying the size of the price hike. The message, displayed on Tesla’s website for countries including Germany, France, Ireland, Belgium, and … Read more
It sure looks like a lot of people are taking delivery of their brand-new Tesla Cybertruck, realizing it is sort of ass and promptly listing it for sale. That, or they’re losers who bought them just to flip. Regardless of the reason, there are currently 232 nearly-new Cybertrucks listed for sale. Doing some rough math … Read more
Bob Lutz is undoubtedly a pioneer in the automotive world, but sometimes even the greats get it wrong. Sometimes they get it so wrong the product they come up with is downright irrelevant and is forgotten by the annals of time. Take the Via Motors VTrux. Do you remember the VTrux? Me neither, but Big … Read more
Mumbai: Tata Motors, India’s third largest passenger vehicle maker by sales, is looking at a 400-600 basis points jump in its market share from the current 14% to 18% to 20% over the next 2 to 3 years, it said in an investor presentation on Tuesday. This will be on the back of the launch … Read more
The automotive industry has entered a fiercely competitive phase in the electric vehicle transition, and it’s producing an intriguing result for US car buyers: the first long-range EVs that are cheaper to buy than the average gas-powered car.At least three manufacturers — Tesla, Hyundai-Kia and General Motors — now offer EVs with more than 300 … Read more
NSE’s index services subsidiary, NSE Indices, on Friday launched a new strategy index — Nifty500 Equal Weight — which represents an alternative weighting strategy to its parent index, the Nifty 500. It includes the same companies as the Nifty 500, however, weighed equally, an NSE press release said. The base date for the index is … Read more
Mumbai: After delivering strong results across the segments in the year that ended in March, Tata Motors business units’ next phase of growth will encompass focussing on market beating growth, improving margins, and enhancing customer experience in the current year, N Chandrasekaran, chairman Tata Motors, wrote in a letter to the shareholders in the company’s … Read more
