Tag Archives: Autos

Fisker halts work on new EV models until it finds more money

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Fisker has announced its future plans alongside preliminary 2023 and Q4 earnings, and it's not looking great for the EV manufacturer. The company plans to lay off 15 percent of its workforce — nearly 200 people — as it shifts from a direct-to-consumer to a Dealer Partner model. The company is halting all investments in upcoming models and will resume only if in partnership with another automaker.

The company's fourth-quarter revenue increased to $200.1 million from $128.3 million in Q3. However, its gross margin was negative 35 percent, and it lost $1.23 per share. Its sole EV on the market, the Ocean SUV, also had 10,193 units produced but 4,929 vehicles delivered.

The automaker first introduced its pivot to a Dealer Partner Model in January and claims it has received interest from 250 dealers across North America and Europe, along with 13 signed agreements. "We are aware that the industry has entered a turbulent, and unpredictable period," Henrik Fisker, chairman and CEO of Fisker, said in a statement. "With that understanding and taking the lessons learned from 2023, we have put a plan in place to streamline the company as we prepare for another difficult year. We have adjusted our outlook for 2024 to be much more conservative than in 2023." The company plans to deliver between 20,000 and 22,000 Ocean models across the world. 

Fisker is currently negotiating with "a large automaker" for an investment and joint production of future EVs. This means that previously announced vehicle production, such as the Alaska EV pickup with humungous cup holders and a designated cowboy hat space, will be on hold indefinitely. Fisker originally planned to start production on the Alaska EV pickup in early 2025. 

This article originally appeared on Engadget at https://www.engadget.com/fisker-halts-work-on-new-ev-models-until-it-finds-more-money-140050091.html?src=rss

Ford EV owners can now use Tesla Superchargers in the US and Canada

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Ford EVs will gain access to Tesla's Superchargers across the US and Canada starting today, becoming the first non-Tesla vehicles to do so, Ford announced. The companies cemented the fast charging pact last year and numerous other automakers followed suit later on. The expanded network will be a big benefit for the Ford and its customers amid news that sales of its EVs have heavily sagged.

Current Ford EVs use CCS type chargers, so current customers must order the Fast Charging Adapter (NACS) compatible with Tesla's Superchargers (below). That will be available at no charge to new and existing clients in the BlueOval charge network until June 30, 2024. After that, it will cost $230 including estimated taxes and shipping. Starting in 2025, Ford EVs will come standard with the NACS charging system. 

Preproduction part shown.
Ford

Customers can use the FordPass App to locate the new Tesla Superchargers, just as they would when looking for BlueOval chargers. Tesla Superchargers will also be coming to Apple Maps EV routing, Google Maps EV routing, and the Ford Connected built-in navigation BlueOval charge network.

As for payment, you'll be able to handle that through the FordPass app and Charge Assist app in the vehicle's touchscreen. "This means customers simply have to plug in and charging will automatically start with [costs] managed through FordPass." BlueOval charge network membership is required, and if you're not yet enrolled, you'll be prompted to do so when order the NACS adapter (check's Ford's website for more details).

Tesla's 15,000+ strong Supercharger network will more than double Ford EV owners' access to fast DC chargers. With that, it will have 28,000 fast chargers and 126,000 chargers total. The company notes that a lack of charging stations is the second largest barrier after price for customers potentially selecting EVs instead of ICE or PHEV vehicles. 

The news is good for Ford and other automakers who will get a big boost in the number of fast charging spots. However, Tesla owners will see a lot more Supercharger competition. Last year, the US government opened $2.5 billion in funding for community EV chargers

With declining EV sales, Ford was recently forced to lower Mach E prices by $3,100 to $8,100, it recently said in a financial statement. The company also cut production of that model and the F-150 Lightning pickup truck due to the slowdown.

This article originally appeared on Engadget at https://www.engadget.com/ford-ev-owners-can-now-use-tesla-superchargers-in-the-us-and-canada-130053549.html?src=rss

Ford EV owners can now use Tesla Superchargers in the US and Canada

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Ford EVs will gain access to Tesla's Superchargers across the US and Canada starting today, becoming the first non-Tesla vehicles to do so, Ford announced. The companies cemented the fast charging pact last year and numerous other automakers followed suit later on. The expanded network will be a big benefit for the Ford and its customers amid news that sales of its EVs have heavily sagged.

Current Ford EVs use CCS type chargers, so current customers must order the Fast Charging Adapter (NACS) compatible with Tesla's Superchargers (below). That will be available at no charge to new and existing clients in the BlueOval charge network until June 30, 2024. After that, it will cost $230 including estimated taxes and shipping. Starting in 2025, Ford EVs will come standard with the NACS charging system. 

Preproduction part shown.
Ford

Customers can use the FordPass App to locate the new Tesla Superchargers, just as they would when looking for BlueOval chargers. Tesla Superchargers will also be coming to Apple Maps EV routing, Google Maps EV routing, and the Ford Connected built-in navigation BlueOval charge network.

As for payment, you'll be able to handle that through the FordPass app and Charge Assist app in the vehicle's touchscreen. "This means customers simply have to plug in and charging will automatically start with [costs] managed through FordPass." BlueOval charge network membership is required, and if you're not yet enrolled, you'll be prompted to do so when order the NACS adapter (check's Ford's website for more details).

Tesla's 15,000+ strong Supercharger network will more than double Ford EV owners' access to fast DC chargers. With that, it will have 28,000 fast chargers and 126,000 chargers total. The company notes that a lack of charging stations is the second largest barrier after price for customers potentially selecting EVs instead of ICE or PHEV vehicles. 

The news is good for Ford and other automakers who will get a big boost in the number of fast charging spots. However, Tesla owners will see a lot more Supercharger competition. Last year, the US government opened $2.5 billion in funding for community EV chargers

With declining EV sales, Ford was recently forced to lower Mach E prices by $3,100 to $8,100, it recently said in a financial statement. The company also cut production of that model and the F-150 Lightning pickup truck due to the slowdown.

This article originally appeared on Engadget at https://www.engadget.com/ford-ev-owners-can-now-use-tesla-superchargers-in-the-us-and-canada-130053549.html?src=rss

Tesla has won the EV charging wars

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Stellantis is the latest manufacturer to commit to using Tesla’s NACS (North American Charging Standard). The company was the last remaining holdout among major automakers, meaning the NACS is becoming a true common standard.

According to a press release, electric vehicles from Stellantis brands (which include Dodge, Chrysler, Fiat, Ram, Jeep and Alfa Romeo) will start using the NACS connector in select models next year. The automaker will also offer an adaptor for existing vehicles, meaning drivers will be able to charge using either NACS or Combined Charging System (CCS) ports.

Stellantis says its embrace of the NACS builds on its commitment with six other automakers to build a network of more than 30,000 fast charging points on highways and in urban areas in North America by 2030. These stations will support NACS and CCS.

The automaker has joined the likes of Volkswagen, GM, Volvo, Polestar, Mercedes, Honda, BMW and Lucid in supporting the NACS. EV charging network operators ChargePoint and Electrify America also pledged to adopt the NACS after Tesla open sourced the connector in late 2022.

This article originally appeared on Engadget at https://www.engadget.com/tesla-has-won-the-ev-charging-wars-155726724.html?src=rss

Toyota unveils a three-row electric SUV for the US market

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While Toyota helped lead the hybrid charge with its Prius, the company has been less active in EV production. But that might be in the past, as Toyota has announced another $1.3 billion for its Kentucky facility, with a focus on EVs. In particular, the company is building a new three-row electric SUV that will be available for US customers. 

Toyota's Kentucky operation is its flagship facility, with nearly 9,400 employees. "Today's announcement reflects our commitment to vehicle electrification and further reinvesting in our US operations," Kerry Creech, president of Toyota Kentucky, said in a release. "Generations of our team members helped prepare for this opportunity, and we will continue leading the charge into the future by remaining true to who we are as a company and putting our people first for generations to come."

Little is known so far about the three-row electric SUV, as Toyota only mentions it briefly in relation to the investment. However, it follows the company's prior announcement of its Urban SUV concept slated to launch in Europe this year. 

The $1.3 billion investment will also go towards creating a battery pack assembly line at its Kentucky factory (a separate manufacturing plant in North Carolina produces the batteries). Toyota has big plans for its battery production, previously announcing three battery ranges focused on higher performance and low cost slated for 2026 and onward. The company is also working on its first solid-state batteries, which have the potential to charge an EV from 10 to 80 percent in 10 minutes. Toyota's bZ4X EV currently takes 32 minutes to do so. 

This article originally appeared on Engadget at https://www.engadget.com/toyota-announces-a-three-row-electric-suv-for-us-customers-092545458.html?src=rss

Porsche’s new Taycan EVs have more range, faster acceleration and a higher price

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Porsche first debuted its first EV line, Taycan, in 2019, and now it's giving the series a revamp. The high-end car manufacturer has announced the 2025 Taycan sports sedan, Cross Turismo and Sport Turismo models, featuring "a particularly extensive update." 

The 2025 Taycan EVs have "reached new heights in terms of performance, with exceptional driving dynamics and driving pleasure," Kevin Giek, head of the Taycan model line, said in a statement. "At the same time, we were able to significantly improve efficiency, range, day-to-day usability and comfort." Updates include faster acceleration, with the rear-wheel drive Taycan sedan shooting from 0 to 60 miles per hour in 4.5 seconds — 0.6 seconds faster than its predecessor. The Turbo S sedan makes the same jump in 2.3 seconds, an improvement of 0.3 seconds. 

In terms of power, there's 430 bhp behind the base Taycan, while the Turbo reaches 872 bhp. The top-spec Turbo S, however, hits a mighty 940 bhp (up from 750 bhp in previous models). 

Porsche also claims its 2025 Taycan line has a 35 percent better range with up to 422 miles between charges, helped by improved regeneration. Juicing up should also be quicker as it can charge using up to 320kW (that's 50kW more than previous models) via an 800-volt DC charging station. Other new standard features include adaptive air suspension, Lane Change Assist and a heated steering wheel. On the outside, Taycan models have been given a slight design refresh, which include high-resolution matrix headlights.

The 2025 Taycan line starts at $99,400 for the entry-level model and reaches $211,700 for the Turbo S Cross Turismo. Porsche adds another $1,995 to each order for delivery, processing and handling. Porsche says the new Taycan models will be available starting in the spring, and it looks like they'll hit the United States in the summer or fall. 

This article originally appeared on Engadget at https://www.engadget.com/porsches-new-taycan-evs-have-more-range-faster-acceleration-and-a-higher-price-123514002.html?src=rss

Tesla recalls over 2 million EVs because the warning light text is too small

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Tesla is having to conduct another mass-scale recall of its electric vehicles. The National Highway Traffic Safety Administration found that the font size on several instrument panel warning lights is too small per federal guidelines. As such, the company is recalling nearly 2.2 million EVs — almost every car it has sold in the US — to resolve the issue.

Thankfully, for both Tesla and its customers, the automaker won’t require drivers to bring their EV to a dealer or repair shop. It will issue a fix via an over-the-air update.

The NHTSA discovered the problem during a routine safety compliance audit last month. It found that the text on the brake, park and antilock brake warning lights is smaller than required under federal rules. The agency noted that can make it hard to read the information, which could increase the likelihood of a crash.

Affected EVs are the Model S (model years 2012-2023), Model X (2016-2023), Model 3 (2017-2023), Model Y (2019-2024) and the Cybertruck. Tesla has not received any reports of injuries or crashes related to the issued, though it has found three potentially linked warranty claims.

In December, Tesla issued a similarly large-scale recall due to an Autopilot issue. It was also able to resolve that with an OTA update. Since then, it has issued other recalls connected to door safety and backup camera issues, each of which affected more than 120,000 vehicles.

Meanwhile, as the Associated Press reports, the NHTSA has upgraded an investigation into steering issues. The agency is conducting an engineering analysis. That brings the probe, which covers more than 334,000 vehicles, closer to a recall.

The NHTSA opened the investigation last July after receiving 12 reports of steering control loss in 2023 Model Y and Model 3 EVs. Since then, the agency has received 115 complaints related to the issue, which it has obtained another 2,176 from Tesla after seeking information from the automaker. One of the complaints is linked to a crash.

This article originally appeared on Engadget at https://www.engadget.com/tesla-recalls-over-2-million-evs-because-the-warning-light-text-is-too-small-152134761.html?src=rss

Volvo pauses deliveries of its EX30 due to software issues

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Volvo's EX30 EV was a hit from the get-go thanks in part to the use of technology, along with the relatively low $35,000 price tag. However, its reliance on that tech is apparently catching up to it (much as it has for other recent vehicles), as the automaker has delayed deliveries in Europe due to software bugs, Automotive News has reported. 

"We confirm that Volvo is working tirelessly to resolve the problem," the company told Automotive News Europe. "Important progress has been made but the software version 1.2 does not yet meet all the requirements necessary to be released." The problem apparently couldn't fixed over the air, so updates needed to be done at dealerships.

Volvo didn't explain exactly what the error was, but customer correspondence stated that the 1.2 software "contains, among other things, some Google certifications and key updates." I encountered several glitches (Google Maps stopped working, for instance) when testing a pre-production model in Barcelona.

Volvo EX30 first drive: Charming and eco-friendly with power to spare
Steve Dent for Engadget

The vehicle has experienced multiple delays that have lasted around two weeks. Volvo has apparently resolved the issues and the EVs are ready to be driven off dealers' lots as soon as they're fixed, according to Automotive News. "We want the best possible experience for our EX30 customers," Volvo said in a statement.

The EX30 generated a lot of interest thanks to a charming design, low starting price, solid performance, decent range and use of eco-friendly materials. All models sold to start with will be built in China, so the vehicle isn't eligible for federal US tax credits. 

As the company subsequently announced, though, some models will be be built later on in Volvo's Ghent, Belgium plant. The EX30 is key to Volvo's plans to boost sales by 69 percent and sell 1.2 million cars as early as next year. 

Update 1/31/2024 7:01 AM ET: Volvo has confirmed with Engadget that the EX30 is now shipping to customers. 

This article originally appeared on Engadget at https://www.engadget.com/volvo-pauses-deliveries-of-its-ex30-due-to-software-issues-132019346.html?src=rss

Volvo pauses deliveries of its EX30 due to software issues

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Volvo's EX30 EV was a hit from the get-go thanks in part to the use of technology, along with the relatively low $35,000 price tag. However, its reliance on that tech is apparently catching up to it (much as it has for other recent vehicles), as the automaker has delayed deliveries in Europe due to software bugs, Automotive News has reported. 

"We confirm that Volvo is working tirelessly to resolve the problem," the company told Automotive News Europe. "Important progress has been made but the software version 1.2 does not yet meet all the requirements necessary to be released." The problem apparently couldn't fixed over the air, so updates needed to be done at dealerships.

Volvo didn't explain exactly what the error was, but customer correspondence stated that the 1.2 software "contains, among other things, some Google certifications and key updates." I encountered several glitches (Google Maps stopped working, for instance) when testing a pre-production model in Barcelona.

Volvo EX30 first drive: Charming and eco-friendly with power to spare
Steve Dent for Engadget

The vehicle has experienced multiple delays that have lasted around two weeks. Volvo has apparently resolved the issues and the EVs are ready to be driven off dealers' lots as soon as they're fixed, according to Automotive News. "We want the best possible experience for our EX30 customers," Volvo said in a statement.

The EX30 generated a lot of interest thanks to a charming design, low starting price, solid performance, decent range and use of eco-friendly materials. All models sold to start with will be built in China, so the vehicle isn't eligible for federal US tax credits. 

As the company subsequently announced, though, some models will be be built later on in Volvo's Ghent, Belgium plant. The EX30 is key to Volvo's plans to boost sales by 69 percent and sell 1.2 million cars as early as next year. 

This article originally appeared on Engadget at https://www.engadget.com/volvo-pauses-deliveries-of-its-ex30-due-to-software-issues-132019346.html?src=rss

EV maker Polestar cuts 15 percent of its workforce globally

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Swedish electric car company Polestar is slashing its workforce by 15 percent globally. About 450 employees are expected to be let go due to “challenging market conditions.” The news comes despite its six percent increase in global car deliveries compared to 2022, according to its recent fourth quarter global fiscal report.

The company did, however, warn that it would reduce its headcount back in May 2023 which was around the same time it announced its production goals were disappointingly off by 10,000 to 20,000 cars from its initial goal. Polestar defended its decisions and explained it was “intensifying its focus” on cutting costs to make the business more efficient.

Despite delays in shipments last year, the 2024 Polestar 2 lineup is coming in strong with a suite of new upgrades, including longer mileage and faster charging. However, the company is faced with the issue that buyers might be turned off by its nearly $50,000 price tag when they can get newer models produced by rivals like Tesla for more than $10,000 less.

Job cuts across the EV sector have become commonplace, with rivals like Lucid Motors’ announcement to cut 18 percent of its workforce last year and Rivian slashing six percent. These trends might be due to the fact that supply chain issues are a huge problem in the EV industry, coupled with buyer hesitancy to invest in electric cars.

This article originally appeared on Engadget at https://www.engadget.com/ev-maker-polestar-cuts-15-percent-of-its-workforce-globally-154941678.html?src=rss