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Daimler’s car2go is starting to see some real payback for its one-way carsharing business model with 40-percent growth in the first half of this year. More than 4.5 million trips were taken in the first half of 2017 at 11 North American locations. The company also reported that customers were spending 33 percent more time […]

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BMW is ready to cover all the bases by making its factories capable of producing all-electric, plug-in hybrid, and traditional internal combustion engine vehicles, all off the same assembly lines. The company has grand plans to electrify its vehicle offerings over the next decade, but its chief executive acknowledges there’s no way to accurately predict […]

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Mazda will be the first-ever automaker to commercialize a gasoline engine with compression ignition, making it 20 to 30 percent more fuel efficient than Mazda cars equipped with the Skyactiv system. Mazda Motor Corp. yesterday released its Sustainable Zoom-Zoom 2030, which outlines phase two of a corporate campaign supporting a sustainable planet. It includes a “well-to-wheel” […]

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Tesla has remained tight-lipped about the true battery size and power output of its new Model 3 sedan, but preliminary findings from the Environmental Protection Agency have revealed some of its specs. According to the EPA documents, which were obtained by InsideEVs, the rear-wheel drive Model 3 has a permanent magnet electric motor that produces […]

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Tesla is serious enough about needed cashflow for hitting Model 3 production targets to ask for its first-ever round of junk bonds. Tesla executives started roadshows today meeting with investment fund managers to raise about $1.5 billion in high-yield junk bonds, according to the IFR financial publication. Production will be ramping up soon to make […]

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Faraday Future is scaling down production plans quite a bit from 150,000 luxury electric cars a year to 10,000 at a new California assembly plant. The startup won a $13.75 million loan to set up a new factory in Hanford, Calif., located near Fresno in central California. It’s needed to start production of the FF […]

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Even Big Oil is making big increases on its forecasts on just how many electric vehicles will be on the world’s roads by the year 2040. Exxon Mobil, BP, the International Energy Agency, even OPEC are all boosting their predictions for the number of EVs operating at by that point, according to Bloomberg New Energy […]

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Tesla is leading U.S. electric vehicle sales, striding forward in Europe and China, and not spending any real money on advertising. How is that done? Automotive News did a think piece exploring the question. Word-of-mouth referrals and free media coverage are getting the word out on the electric carmaker, and it led to over 500,000 […]

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Toyota and Mazda are taking electrified vehicles seriously enough to jointly invest $1.6 billion in a U.S. plant. Toyota Motor Corp. will also be taking a 5 percent share of Japanese competitor Mazda Motor Corp. The U.S. location will be named later, but it will have the capacity to produce 300,000 vehicles a year and […]

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Audi wants to cut costs by 10 billion euros ($12 billion) by 2022 while pressure mounts from the diesel emission scandal and the transition over to electric vehicles. Most of that cost savings will come from cutting research and development expenditures, sources close to the matter told Reuters. More funds will be needed to roll […]

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