Electric cars

ROME, Dec. 2 (Xinhua) -- Italian-American carmaker Fiat Chrysler is planning a quick transition to the electric car market it is just entering and announced on Wednesday the goal of having electric vehicles make up at least 60 percent of its sales by the end of next year. … [Read more...] about Fiat Chrysler sets ambitious goal for electric cars as company moves toward merger, Chinese market

The celebration that has greeted Tesla Inc.’s addition to the S&P 500 has the potential to leave one of its constituencies cold: star managers who have ridden the electric-car maker’s ascent to superior returns.Not many of the 215 active managers with at least $500 million in assets whose funds are indexed to the equity gauge have ventured to invest in Tesla. But the 21 who have are richer for the move. Almost 80% of them have beaten the benchmark this year with an average gain of 24%. Compare that to the 194 who didn’t take the plunge. Only 28% are ahead of the index, with a smaller gain of 13%.Tesla’s entry into the S&P 500 in three weeks will rob them of that edge. The carmaker will enter as a top 10 weighting with its current market-cap of nearly $550 billion, giving it sway over the most-tracked benchmark. While its addition will no doubt spark volatility as investors offload stocks of other companies to make room, it’ll likely also create … [Read more...] about Tesla’s S&P 500 entry takes away secret weapon for stock pickers

The front end of the MINI Vision Urbanaut will have two parts - the headlights and the radiator grille. The headlights will be visible only when switched on and can display multi-colour graphics. The grille will serve as the vehicle’s intelligence panel for automated driving, the German carmaker said. … [Read more...] about BMW’s ‘Vision Urbanaut’ can transform a car into a living space

- A former Tesla Inc factory employee will pay Elon Musk's electric car maker $400,000 after it accused him of tipping reporters about alleged production inefficiencies and delays, a court filing shows.The payment by Martin Tripp, a former process technician at Tesla's Gigafactory near Reno, Nevada, was part of a settlement disclosed on Monday and approved that day by Chief Judge Miranda Du of the federal court in Reno.Tesla and Musk became embroiled in a public dispute with Tripp in June 2018, when it fired and then sued him.The Palo Alto, California-based company accused Tripp of writing software to hack into its manufacturing operating system, stealing trade secrets, and making false claims to reporters about information he stole.Du has said Tripp characterized himself as a whistleblower who had identified production inefficiencies and delays in Tesla's effort to produce 5,000 Model 3 cars each week.In September, the judge dismissed Tripp's defamation counterclaim over statements … [Read more...] about Former Tesla employee to pay $400,000 to end lawsuit over tips to reporters

LONDON: Britain's competition regulator said on Wednesday it would study whether the fast-growing electric vehicle charging sector worked well in helping drivers deal with "range anxiety", or the worry about not being able to find a chargepoint.Research showed range anxiety was a key concern for many consumers and ensuring easy access to chargepoints was key to persuading drivers to switch to electric vehicles, the Competition and Markets Authority (CMA) said.Britain will ban new petrol and diesel vehicles from 2030 to help cut greenhouse gas emissions.There are almost 20,000 vehicle chargepoints, up from around 1,500 in 2011, although more will be needed in the future as this is the only way to power electric vehicles, the CMA said."Being able to easily stop off at a petrol station is a standard part of a journey and consumers must trust that electric chargepoints will provide a similarly straight-forward service," said CMA CEO Andrea Coscelli.The CMA will look at how to develop a … [Read more...] about UK watchdog studies “range anxiety” in electric vehicle charging