Ford Motor on Wednesday evening delivered higher than expected profits in the first quarter, driven by strength in its commercial business. Positive updates to its full-year outlook helped send shares rallying by roughly 2.5% in after-hours trading. Automotive revenue increased 2% year over year, to $38.89 billion, missing analysts’ forecasts of $40.1 billion, according to … Read more
As part of his ambition to make India a green economy, Union minister Nitin Gadkari wants to slash GST on hybrid vehicles and has vowed to rid the country entirely of the over 36 crore petrol and diesel vehicles. “One hundred per cent,” Gadkari, the Union Minister for Road Transport and Highways, said when asked … Read more
In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In China, the world’s largest EV market, Tesla has been losing ground to domestic automakers who are increasingly building better cars at unbeatable prices, and chief among them is Warren Buffet-backed BYD. In … Read more
Photo: Ford No one likes paying for gas, but at the same time, not everyone is ready or in a position to go full-electric. Hybrids offer a tempting middle ground between gas-only and electric-only that promises better fuel economy without the need to find a spot to charge. Typically, though, you’re paying more for the … Read more
Image: Chevrolet GM wouldn’t start offering hybrids in its vehicles until 2004 with its GMT800 platformed pickups. The first was the Chevy Silverado Hybrid. Compared to hybrids today, the hybrid system in the truck was simple and extremely mild. Rather than having a full blown hybrid system with a battery, the system consisted of an … Read more
