Apr 25, 2024 | Detroit, Electric Vehicles
Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall. Ford, like most automakers,...
Apr 25, 2024 | Featured, Solar, Space
A new experimental mission by NASA is now flying in orbit, aiming to use photons from the Sun to propel its way to higher altitudes. Rocket Lab’s Electron blasted off at 6:32 p.m. ET on April 23, successfully delivering both payloads to low Earth orbit. The short...
Apr 25, 2024 | Detroit, Electric Vehicles, Featured
Ford has thrown down a gauntlet to Tesla by touting its upcoming range of cheap electric cars, as both companies grapple with slowing demand for EVs. CEO Jim Farley confirmed in Ford’s Q1 earnings call that the company is working on new affordable...
Apr 25, 2024 | Autonomous Vehicles, Robotaxis
Tesla Inc. announced its first quarter earnings for 2024, with the company losing its position as the world’s top EV manufacturer to the Chinese giant BYD in the number of units shipped. The CEO of Tesla, Elon Musk, touted the company’s artificial intelligence plans...
Apr 25, 2024 | Autonomous Vehicles, Detroit
Detroit-based automaker General Motors (NYSE:GM) on Tuesday detailed its plans for the relaunch of its autonomous driving unit Cruise, months after it paused operations owing to the involvement of one of its robotaxis in an accident in San...
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