Category: automotive industry
Tesla cuts prices across EV lineup, ends free supercharging for Model S, Model X
Tesla slashed prices across its electric vehicle portfolio overnight as the automaker aims to boost sales in an economy beaten down by the COVID-19 pandemic. Reuters and Electrek were the first to report the changes. The base price of Model 3 standard range plus is now $37,990, a $2,000 reduction.…
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Mercedes-Benz launches sales of its premium all-electric EQV van
Mercedes-Benz is now selling its EQV 300 all-electric premium van in Europe, the second EV to come out of the automaker’s initiative to produce a line of battery-powered models under its new EQ brand. A concept version of the EQV was first shown in March 2019. But unlike so many…
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Ford to offer COVID-19 testing for symptomatic workers as part of reopening plan
Ford said Saturday it will test hourly and salaried employees with suspected COVID-19 symptoms in four metro areas where it has major operations as it prepares to reopen facilities this month. The automaker is expected to resume production and some operations at its North America facilities May 18. Aside from…
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Fiat Chrysler and AV startup Voyage partner on self-driving minivans
Self-driving vehicle startup Voyage said Monday that it has inked a deal with Fiat Chrysler to supply purpose-built vehicles, a partnership that will help accelerate its plan to launch a fully driverless ride-hailing service. Voyage, a three-year-old startup that tests and operates a self-driving vehicle service (with human safety operators)…
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Volvo to use Luminar’s lidar in production vehicles to unlock automated driving on highways
Volvo Cars will start producing vehicles in 2020 that are equipped with lidar and a perception stack — technology developed by Silicon Valley startup Luminar that the automaker will use to deploy an automated driving system for highways. For now, the lidar will be part of a hardware package that…
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Tesla turns Q1 profit on cost reductions, rising car margins, credits
Tesla reported Wednesday that it earned $16 million and generated $5.985 billion in revenue in the first quarter, results buoyed by improved automotive margins and reductions in operating expenses. Tesla’s first quarter earnings were lower than the previous period as the COVID-19 pandemic disrupted operations and dampened sales. But the…
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