Search EVs and green products

2+ min ago (471+ words) Hyundai and Kia owners could be in for a payment from a $4.5 million pot under a settlement announced Tuesday. Minnesota's attorney general led an effort by dozens of states arguing certain vehicles weren't equipped with proper anti-theft technology, leaving them vulnerable to thefts. Under the nationwide settlement, the companies will offer a free repair to all eligible vehicles at a cost that could top $500 million, Minnesota Attorney General Keith Ellison said. Hyundai and Kia must also outfit all future vehicles sold in the U.S. with a key piece of technology called an engine immobilizer and pay up to $4.5 million of restitution to people whose vehicles were damaged by thieves. The settlement was reached by 35 states, including California, New Jersey, New York and Pennsylvania. The vehicles eligible for fixes date as far back as 2011 and as recently as 2022. About 9 million eligible vehicles…...

3+ min ago (340+ words) Several months ago, Ford CEO Jim Farley said ending the nearly two-decade-long EV tax credit would halve America's electric vehicle market. Now, his company is facing its own reality check. With that in mind, it's worth reviewing what Farley said at the Ford Pro Accelerate summit in Detroit in September. EVs will remain a "vibrant industry" going forward, he said, but also "smaller, way smaller than we thought." The end of the $7,500 consumer incentive would be a game-changer, Farley added, before predicting that EV sales in the U.S. could plummet from to 5% from a previous 10%-12%. Speaking to CNBC on Monday about Ford's electric pivot, Farley claimed the EV market had, in fact, already shrunk to around 5% of the U.S. vehicle market. The automaker's EV lineup was simply out of sync with consumer demand, he said. "More importantly, the very high end EVs,…...

9+ min ago (688+ words) Ford Motor Co. announced a realignment of its long-term strategy, shifting investment toward hybrids, affordable EVs, expanded truck and van production and a new battery-storage business. Ford makes major strategic shift as company redirects billions toward new priorities Ford Motor Co. unveiled changes to its long-term strategy Monday, announcing a major redeployment of capital into new vehicle programs, hybrid technology and a rapidly expanding battery-storage business as the automaker adjusts to shifting consumer demand and market pressures. The company said the updated plan will emphasize a broader mix of gas, hybrid and low-cost electric models, including a Universal EV Platform designed to underpin a new family of smaller, more affordable electric vehicles. Ford expects hybrids, extended-range EVs and fully electric models to make up about half of its global volume by 2030, up from 17% today. The updated strategy also comes with…...

25+ min ago (120+ words) Autonomous vehicles are designed to avoid risk and can exhibit over-cautious behavior, according to San Jose State University Professor Ahmed Banafa. Waymo Vehicle "Standoff" in San Francisco Street Exposes a Weakness, AI Expert Says SAN FRANCISCO'A video of three Waymo autonomous vehicles (AVs) having a "standoff" on a street in San Francisco has gone viral on social media. An artificial intelligence (AI) expert said this incident exposes a weakness in AVs. UC Berkeley PhD Student Charged With Felony Vandalism Causing Over $46,000 in Equipment Damage 12 Judges in San Francisco Immigration Court Fired This Year San Francisco Mayor Appoints Second District 4 Supervisor in a Month Zoox Launches Pilot Program of Free Robotaxi Service in San Francisco...

38+ min ago (657+ words) Early shareholders who have had to wait for their turn to sell shares in SpaceX's liquidity events will finally get all the liquidity their hearts desire. And journalists like myself will finally have real visibility into the company's business and profit breakdowns, and an explanation of what SpaceX has determined are key risks to the business. In short, pretty much everyone has a legitimate reason to get excited about a SpaceX IPO'except for Elon Musk. It's hard to imagine that Musk would ever take SpaceX public unless the math depended on it. And, to be sure, the math may not, at least in the short term. SpaceX's CFO has reportedly told employees that whether and when an IPO would take place was "highly uncertain." To date, SpaceX has managed to reel in more capital than most other private companies in…...

40+ min ago (521+ words) You have to feel sorry for Jaguar. By any standards it's been a terrible year for the British carmaker. First came dealing with the continued fallout of the December 2024 reveal of the Type 00 concept. The brand wanted the EV's radical design to be polarizing, but it seemed unprepared for what forms such polarized views might actually take. Elon Musk, of course, couldn't resist taking a pot shot at the now infamous ad campaign that didn't even show a car. According to Jaguar's managing director, Rawdon Glover, the supposed "wokeness" of the ad campaign, which featured a multiracial cast, resulted in a barrage of online "hatred and intolerance" directed at both the brand and, deplorably, Jaguar staff. No, sir. You wouldn't want Jaguar's luck. Inside the EV, it doesn't look like a finalized design. It's very much a Heath Robinson affair…...

44+ min ago (157+ words) Cathie Wood's ARK Investment Management disclosed fresh portfolio moves on Monday, showing selling in Tesla (NASDAQ:TSLA) and new buying across crypto-linked names. ARK sold about 125,000 shares of Tesla, extending a trimming trend seen late last week. The sale came as Tesla shares climbed about 3.5% on Monday, supported by renewed investor interest in autonomous-driving progress. Warning! GuruFocus has detected 8 Warning Signs with F. On the buying side, ARK added to its cryptocurrency exposure. The firm bought roughly 65,000 shares of Coinbase Global (NASDAQ:COIN), even as the stock slid about 6% in Monday trading amid broader weakness in crypto-related equities. ARK also took a larger position in Bitmine Immersion Technologies (BMNR), purchasing more than 550,000 shares. The move points to continued interest in bitcoin mining and blockchain infrastructure. Additional buys included CoreWeave (NASDAQ:CRWV) and Circle Internet Group (NYSE:CRCL), adding exposure to AI…...

52+ min ago (839+ words) I had a lot of questions for Rawdon Glover, the managing director at Jaguar. I wanted to ask him how the storied British marque was handling a controversial brand reboot, the departures of its longtime design talent, and its pivot to producing solely premium electric vehicles at a time when demand for that sort of thing feels far more uncertain than it did a year ago. But we couldn't get the video conference call to work right. After 10 minutes of waiting on two different links before finally connecting to Glover on a third, his first words were at once apologetic and pertinent. "Our network seems to be in a holding pattern. And you need to be invited in," he said, grinning, or gritting his teeth." All of it felt emblematic of the struggles the Jaguar has dealt with this past…...

52+ min ago (1080+ words) Forget the fuss about the ad campaign and pink show car, if this new Jaguar is woke then I'm all in. Almost exactly a year on from "that ad' and the jaw-dropping pink car that followed, I'm at JLR HQ in Warwickshire on a cold, damp December morning sitting inside the first of the new breed of Jaguars. It's one of 150 prototypes undergoing testing around the world as the brand heads towards the reveal of its new luxury electric GT. Plenty has been written about the reimagining of the great British brand " even the US President chimed in with his opinion " but I'm here to focus on how the new car feels and give you my first impressions of an early prototype model on the road. Many details are still under wraps, as is the car I'm in with its…...

56+ min ago (1168+ words) I've put over 200 km (125 miles) on Tesla's latest "Full Self-Driving Supervised' (FSD) v14 update, and I've gathered my thoughts in this article. In short, Tesla FSD v14 is an incremental improvement to the automaker's advanced driver-assist system (ADAS) and the most impressive Level 2 system available in a consumer vehicle today. However, it is still far from what Tesla sold to car buyers: unsupervised self-driving. I briefly tested FSD v14 in a friend's car when it launched two months ago, but now that I've picked up a new Model 3 with HW4, I've spent much more time with it and can share more thoughts. First off, for context, I was already a somewhat heavy user of FSD on my Model 3 with HW3, which is stuck on FSD v12 because the computer has reached its limits. I've been using it for years. With v12, FSD was involved in roughly 80% of…...