Category Archives: EV Business
Volkswagen USA LIED about changing its name to Voltswagen
BMW sourcing lithium from Argentinian salt lakes
Daimler to stop developing internal combustion engines
In the 1880’s Gottlieb Wilhelm Daimler, who was co-founder of the Daimler Motor Group, parent company of several important automotive brands like Mercedes-Benz and Smart, developed several engine designs. The company he founded is now one of largest automakers in the world, and its reputation rests soundly on high quality…
Tesla plans to keep more stores open, re-increase prices, backtracking on previous plan
Tesla closes stores to raise cash to pay off convertible bonds?
Last week Tesla announced they’d start selling the $35,000 MSRP Tesla Model 3, and achieving that goal required shifting sales to an online-only model and closing all Tesla retail stores. We were told to believe the shift in sales strategy meant Tesla would have enough profit margin to begin selling…
GM cancels Chevy Volt production while Tesla Model 3 sales go through the roof
Today General Motors announced a plan to close several factories and to cancel several vehicle lines, including the Chevy Volt. GM’s press release discusses several plants being closed in a realignment of the company that will eventually see GM produce more electric vehicles, and more autonomous vehicles. One of those…
Ghosn to be kicked out of Nissan, arrested for securities/compensation fraud
Nissan Motors has announced its former CEO and current Chairman, Carlos Ghosn, is alleged to have under-reported his compensation to Japanese authorities for years, hence committing tax and securities fraud. Subsequently he, and another Nissan board member, have been arrested by Japanese authorities, and there are allegations of similar misconduct…
Romania Electric car sales grew 165% from 2017 to 2018 – state of EV adoption in Romania
Tesla no longer a boutique car maker, is outselling major manufacturers like Porsche
Tesla CEO Elon Musk stands accused of believing his own press releases
Is Elon Musk going insane? Or has Elon Musk started believing his own press releases? Those suggestions come from two different news articles analyzing the fallout from Tesla CEO Elon Musk’s suggestion to take Tesla private, and his subsequent interview with the NY Times in which he admitted this year…