NEW: Get Updates by Email

Business

Mercedes-AMG Sees Big Opportunities for Performance EVs

Mercedes-AMG Sees Big Opportunities for Performance EVs

While a number of automakers are rethinking their plans for EVs, Mercedes remains committed to the transition to battery-electric propulsion. And that includes its high-performance division, AMG. If anything, AMG CEO Michael Schiebe is convinced buyers “will jump into that new technology” as new models come to market.

Hurricane Helene Could Trigger Another Major Semiconductor Shortage

Hurricane Helene Could Trigger Another Major Semiconductor Shortage

The damage wrought by Hurricane Helene could take months to calculate but it also could be felt worldwide. The floods that roared through the mountainous western part of North Carolina devastated one town, in particular, that is known for more than just its scenic views. It’s one of the world’s largest sources of the “high-purity quartz” needed to produce semiconductors. And it could touch off another major chip shortage in the months ahead.

Ford Powers Promise of EVs by Offering Free Home Chargers

Ford Powers Promise of EVs by Offering Free Home Chargers

Ford CEO Jim Farley announced plans today to offer free home chargers and installation to buyers of the company’s slow-selling electric vehicles. Farley took to LinkedIn to outline the company’s newest incentive, the Ford Power Promise, to sell EVs while continuing to show his advocacy for them. Get details at Headlight.News.

Norway, Land of the Midnight Sun, Lutefisk … and EVs

Norway, Land of the Midnight Sun, Lutefisk … and EVs

Conventional wisdom might seem to suggest that EVs have come unplugged, with traditional automakers such as Ford Motor Co. and Volkswagen AG pulling back on their plans to go all-electric. But don’t tell that to the folks in Norway. As contributing editor Joe Szczesny discovered during a visit this week, you’ll have to look hard to find a new vehicle drawing power from a tank of gasoline.

Back in the News: Court Orders Carlos Ghosn to Return Super-Yacht and $32 Million to Nissan

Back in the News: Court Orders Carlos Ghosn to Return Super-Yacht and $32 Million to Nissan

Nissan showed its former CEO who’s “The Boss” as it won a battle in court ordering Carlos Ghosn to return a 121-foot yacht of that name, along with $32 million in damages. That’s the latest twist in a battle that began when the executive was arrested for alleged financial crimes in 2018.

Stellantis Set to Launch Layoffs Next Month — Even as it Faces Strike Threat

Stellantis Set to Launch Layoffs Next Month — Even as it Faces Strike Threat

Stellantis Plans to lay off hundreds of full-time and seasonal employees starting October 1 as it enters “full execution mode” aimed at coping with slumping sales and earnings. But the cuts could lead to further friction even as members of the United Auto Workers Union vote on whether to authorize a strike at the Euro-American automaker.