Ford CEO Jim Farley wants the industry to stop viewing hybrid vehicles as only an interim solution to be used until drivers are comfortable going fully electric. “We should stop talking about it as transitional technology,” Farley said of hybrids at a Bernstein analyst conference on Thursday. Plug-in hybrids, which include a small battery that … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on Dec. 14, 2023, in New York City. Angela Weiss | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to … Read more
COPENHAGEN, Denmark — A fire believed to have been caused by a short circuit has destroyed part of Miniland, a section of the Legoland theme park in western Denmark with replicas of famous buildings made of Lego bricks, the park said Wednesday. Video surveillance showed that the fire started in one of the electric cars … Read more
Canada is looking at the massive new U.S. import tariffs on Chinese-made electric vehicles imposed by President Joe Biden earlier this month, but is not making any commitment to following suit north of the border. Chinese brands are not a major player in Canada’s EV market at the moment but imports from China have exploded … Read more
BYD Seal U electric car at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany. Leonhard Simon | Getty Images News | Getty Images PARIS — Chinese electric carmakers are pushing ahead with expansion into Europe, even as politicians raise the possibility of high tariffs on vehicles from the world’s … Read more
Tesla founder Elon Musk told tech investors in Paris on Thursday he opposed U.S. tariffs on Chinese electric vehicles (EVs), an about-face from his January warning that trade barriers were needed or China would “demolish most other car companies in the world.” On Thursday, Musk said he did not favour measures that distorted the market. … Read more
An analysis of British road traffic accidents in a recent study concluded that battery electric vehicles and hybrids are significantly more likely to strike pedestrians than gas or diesel vehicles. According to data compiled from 32 billion miles of BEV and HEV travel and over 3 trillion miles traveled in gas and diesel vehicles, the … Read more
Image: Cadillac GM is rethinking its EV investment and finally coming around to what Toyota seems to be selling a ton of: hybrids. The first of these hybrids were needed yesterday, but we won’t be seeing them until 2027. That’s when every GM division will roll out a hybrid or plug-in hybrid model. Just don’t … Read more
A broad advance in industrial metals took domestic copper prices to record levels last week. A firm overseas market due to fresh Chinese stimulus measures, concerns over tightness in global mine supply, and hopes of strong green demand boosted prices. In the key domestic MCX futures, prices of copper are hovering near Rs 900 a … Read more
With fast-growing industries of solar panels and electric vehicles driving the demand for silver, the price of the industrial metal is seen surging to Rs 1 lakh a kg in the next one year and up to Rs 92,000 per kg within the next 3 months. “Silver being an industrial metal, may benefit from upside … Read more
