The sale of new electric cars overtook diesel models in the UK for the first time in 2022, but overall new car sales fell to their lowest level in three decades, according to the Society of Motor Manufacturers and Traders. Global supply chain disruption — ranging from continued shortages of semiconductors to Covid-related shutdowns of … Read more
General Electric (GE) completed the separation of its health care unit Wednesday, marking a milestone in its transformation as an aviation-focused company next year. GE stock rose, breaking out of a short base. X On Wednesday, GE HealthCare Technologies (GEHC) emerged as an independent, stand-alone company after a tax-free spinout. GEHC stock jumped in its … Read more
Oslo, Norway — Electric vehicles accounted for almost four out of every five new car registrations in Norway last year, setting a new record, according to figures released Monday. Led by U.S. carmaker Tesla, which topped the list with a 12.2% market share, 138,265 new electric cars were sold in the Scandinavian country last year, representing … Read more
CNN — As the new year begins, a number of popular electric vehicles, specifically some Tesla and General Motors models, could be eligible for $7,500 worth of tax credits they weren’t eligible for in 2022. But that eligibility may last only last a few months. That’s because limitations on new tax credits enacted in August … Read more
ANN ARBOR, Mich. – A fire started by an electric wheelchair battery has hospitalized two senior citizens in Ann Arbor. The incident occurred Monday (Nov. 21) at University Living on South Streetnot far from the University of Michigan campus. “Very, very lucky,” said Fire Chief Mike Kennedy. “This easily could’ve been a double fatal fire … Read more
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jetcityimage/iStock Editorial via Getty Images Domino’s Pizza (NYSE:DPZ) has reached an agreement with General Motors (GM) to purchase hundreds of EVs. The new purchase is aimed at attracting new drivers for the chain as labor shortages limit the overall pizza delivery industry as well as achieving stated emission reduction goals. “Domino’s has always been on … Read more
Electric car charging group Pod Point issued a profits warning after long waiting times for plug-in vehicles led car buyers to delay installing home chargers, its largest source of revenue. Sales growth of electric vehicles or hybrids that plug in to recharge has “slowed markedly” over the past year and a half, the EDF-backed group … Read more
Sony and Honda plan to use music, movies and the PlayStation 5 to take on Tesla and the rest of the automotive industry by developing an electric car built around a premium entertainment experience. The heads of Sony Honda Mobility, which was established in September and has yet to choose a brand name, told the … Read more
Article content TORONTO & SUDBURY, Ontario — The United Steelworkers union welcomes the news of the new deal by Vale Canada to supply battery-grade nickel sulfate to General Motors (GM) to manufacture electric vehicles. The nickel that Vale will be providing GM will be mined in Canada, from Vale operations in Sudbury, Ont., Voisey’s Bay, … Read more