Wednesday, July 6, 2022
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How can car dealers prepare to serve future EV customers?

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As EVs settle firmly into a mainstay, dealerships must regard their role in the coming electric future. True, internal combustion engines (ICEs) are not going anywhere soon; many projections don’t have ICE sales peaking until the late 2030s. However, dealerships should consider that not only have EV sales shown tremendous growth year over year with […]
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Cruise

GM’s Cruise first to receive permit to sell driverless rides

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General Motors-backed Cruise LLC is officially the first company to be given a sales permit for self-driving rides in San Francisco, California. Until now,...

Hyundai’s Ioniq 5 takes home three awards at NY Auto Show

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This week, various awards were given out at the New York Auto Show, and Hyundai's Ioniq 5 took home three of the big categories. The...
EV

Former Ford exec. Mark LaNeve on creating EV infrastructure with startup,...

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As we all know, the EV revolution is here and happening. EV sales continue to climb as the automotive industry moves towards a more digital and environmentally friendly future. Companies like Charge Enterprises are meeting the demands of many by connecting people with EV charging.  Mark LaNeve, former GM, Ford, and Volvo Executive, who has […]
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tesla

Tesla CEO Elon Musk displays the power of tweeting

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On Saturday, November 6, Tesla CEO Elon Musk wrote a tweet that has affected his personal and his company’s finances in under 140 characters. On his Twitter account, he created a poll, stating, “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.” […]
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Tesla

Record quarterly profit announced by Tesla despite production challenges

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On Monday, Tesla released their financial results more than three weeks after reporting fantastic quarterly production numbers. For the first time in the EV maker’s history, quarterly GAAP net income exceeded $1 billion US.  With production ramping up and Tesla somehow avoiding the deepest throes of part shortages, total revenue grew by 98% year over […]
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Lucid Motors

Lucid Motors goes public, rings the NASDAQ opening bell July 26

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Luxury EV carmaker Lucid Motors is trading publicly on the NASDAQ exchange after faltering with investors late last week. Voting has finally been wrapped up and Lucid Motors has been approved to merge with special purpose acquisition company Churchill Capital IV so it can hit the exchange. Led by highly influential businessman and Churchill Chairman […]
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EV

Fuel shortage on east coast spurs Americans to consider EVs

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After the Colonial Pipeline was the subject of a ransomware cyberattack by cybercriminal organization DarkSide. While the event was resolved with a multi-million-dollar payment from Colonial to its attackers via an untraceable cryptocurrency within a hours of the attack, the pipeline was restarted six days later once the pipeline could secure its data once again. The shutdown […]
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The EV ‘low cost of operation’ promise means service loyalty is...

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On May 19, Ford unveiled the fully-electric F-150 Lightning pickup truck and amassed 45,000 reservations within two days. A few days later on May 24, a commercial variant was announced as the F-150 Lightning Pro. With slightly less interior content geared toward work truck buyers, it’s expected to be delivered next year.  A key selling point for the 2022 Ford […]
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Biden

President Biden visits Ford plant for F-150 EV reveal

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President Joe Biden continued to show his push towards electrification of the auto industry during a visit to Ford’s Rouge Electric Vehicle Center in Michigan on Tuesday. Biden’s visit was partially a showcase of his “American Jobs Plan,” which allocates $174 billion to investing in electric vehicles (EVs) as well as rebates to EV buyers, […]
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