Cars Feed - Page 11
16d ago
Electric Vehicles
General Motors to Release Plug-in Hybrid Vehicles, Changing Product Lineup Strategy
General Motors is shifting its product lineup strategy to include plug-in hybrid electric vehicles (PHEVs) in order to meet federal fuel economy regulations. CEO Mary Barra revealed the plans during an investor call, but did not provide specific details. The move comes as more companies reconsider the viability of hybrids to comply with emissions standards.
16d ago
Vehicle News
Judge Rules Elon Musk's $56bn Tesla Pay Package is Excessive
A judge in Delaware has ruled that Elon Musk's $56 billion pay package at Tesla in 2018 was excessive and unfair to other shareholders. The ruling stated that the incentive package was unnecessary and had a dilutive effect on shareholders' holdings. Musk's supporters argue that shareholders approved the scheme in 2018 and that he had met his performance targets. However, the judge highlighted the lack of independence in the process and the fact that Musk's controlling stake already motivated him to work towards increasing Tesla's market value.
16d ago
Electric Vehicles
Concerns Raised About Roadside Guardrail Safety for Heavy Electric Vehicles
Preliminary crash test data released by the University of Nebraska is raising concerns about the effectiveness of traditional guardrails in protecting heavy electric vehicles. The tests showed that guardrails designed to withstand the force of gas-powered vehicles can do little to stop electric vehicles, which typically weigh more and have lower centers of gravity. The results highlight the need for engineering solutions that address the weight disparity between electric and gas-powered vehicles.
17d ago
Electric Vehicles
The First Wireless Electric Road in the US Opens in Detroit
Detroit has become home to the first wireless electric road in the US, allowing electric vehicles to charge while driving. However, with a cost of nearly $2 million per mile, there are questions about its feasibility as a widespread transport solution.
18d ago
Vehicle News
Judge Rules Elon Musk Not Entitled to $55 Billion Compensation Package
A Delaware judge ruled Tuesday that Tesla CEO Elon Musk is not entitled to a landmark compensation package potentially worth over $55 billion. The ruling came after a shareholder lawsuit accused Musk and directors of breaching their duties and resulted in a waste of corporate assets and unjust enrichment for Musk.
18d ago
Electric Vehicles
America Is Missing Out on the Best Electric Cars
China has a wide variety of electric cars, while America's options are limited.
18d ago
Vehicle News
Renault Cancels Plans to List Ampere EV Unit, Shares Jump
French car maker Renault sees shares rise after scrapping IPO for its electric vehicle and software business.
18d ago
Electric Vehicles
Race for China’s EV Market Could Last 3 Years, BYD Says, Claiming It Wants to Work with Tesla
Competition in China's electric vehicle market will continue to intensify over the next two to three years, according to Chinese automaker BYD. The company expressed interest in working with Tesla to grow the market. BYD expects to be profitable in this competitive environment, thanks to its involvement in the supply chain and its strategy of targeting different consumer price segments with sub-brands.