Technology 

Pentagon to review certification of Elon Musk’s SpaceX launch vehicles

SpaceX founder Elon Musk speaks at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. REUTERS/Joe Skipper (Reuters) – The Pentagon will evaluate the certification for Elon Musk’s SpaceX launch vehicles to determine whether the U.S. Air Force complied with certain guidelines, according to a memo here on Monday. “Our objective is to determine whether the U.S. Air Force complied with the Launch Services New Entrant Certification Guide when certifying the launch system…

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Technology 

Tesla cuts U.S. prices on all vehicles, shares drop

(Reuters) – Tesla Inc (TSLA.O) on Wednesday cut U.S. prices for all its vehicles to offset lower green tax credits, and fell short on quarterly deliveries of its mass-market Model 3 sedan, sending shares of the electric vehicle maker down nearly 7 percent on worries of future profitability. Analysts questioned whether the $2,000 price cut on all models signaled lower demand in the United States, and ultimately whether the move would undermine nascent profitability at the Silicon Valley automaker, which has never posted an annual profit. “In our view, this…

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Technology 

GM sold 200,000 electric vehicles in U.S. by 2018, triggering tax-credit phaseout: source

FILE PHOTO – The GM logo is seen at the General Motors Assembly Plant in Ramos Arizpe, in Coahuila state, Mexico November 25, 2017. REUTERS/Daniel Becerril WASHINGTON (Reuters) – General Motors Co (GM.N) hit 200,000 total electric vehicles sold in the United States by the end of 2018, reaching a threshold that triggers a phase-out of a $7,500 federal tax credit over the next 15 months, a person briefed on the matter said Wednesday. The largest U.S. automaker reached the figure in the fourth quarter of 2018, which means the…

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Technology 

Volkswagen planning new North America factory for electric vehicles

LOS ANGELES (Reuters) – Volkswagen VOWF_p.DE is deciding where to locate a new factory in North America to build electric vehicles for the U.S. market, the German automaker’s new head for the Americas said on Wednesday. Scott Keogh, CEO of Volkswagen of America, speaks during a Volkswagen press conference at the Los Angeles Auto Show in Los Angeles, California, U.S. November 28, 2018. REUTERS/Kyle Grillot Scott Keogh, the newly appointed CEO of Volkswagen Group of America, said a new plant was needed to build a vehicle yet to be revealed…

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Technology 

Ford CEO open to investors in autonomous vehicles but cautious on VW

MIAMI (Reuters) – Ford Motor Co (F.N) Chief Executive Jim Hackett told Reuters the company was open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG (VOWG_p.DE) (VOWG.DE) was a “delicate dance.” Volkswagen’s supervisory board is scheduled to meet on Thursday to review a 10-year strategic plan by Chief Executive Herbert Diess that is expected to propose using alliances with rivals to cut development costs for electric and autonomous vehicles and potentially other types of vehicles. Ford and…

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Technology 

VW and Ford in talks on self-driving and electric vehicles: source

FRANKFURT/DETROIT (Reuters) – Volkswagen AG (VOWG_p.DE) and Ford Motor Co (F.N) are in “exploratory talks” to jointly develop self-driving and electric vehicles in a far-reaching strategic alliance meant to save the companies billions of dollars, according to a person familiar with the matter. FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst/File Photo The German and U.S. automakers are expected to provide an update on the progress of the…

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Top stories 

Car groups condemn grant cuts for electric and hybrid vehicles

Image copyright Getty Images Motoring groups have condemned the government’s decision to cut subsidies for buying greener cars. From 9 November, grants for new plug-in hybrids will be scrapped, while discounts on all-electric cars will be cut from £4,500 to £3,500. Cash incentives have been offered since 2011 to help promote cleaner cars and meet emissions targets. The RAC and AA car criticised the move as a backward step, while the SMMT trade body said it was “astounding”. The Department of Transport (DoT) said that the Plug-in Car Grant was…

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Technology 

Mazda aims for all of its vehicles to be electric hybrid, EVs by 2030

TOKYO (Reuters) – Mazda Motor Corp (7261.T) said on Tuesday that all of the vehicles it produces by 2030 will incorporate electrification, while 5 percent of its cars will be all-battery electric vehicles (EVs). FILE PHOTO: The logo of Mazda Motor Corp. is displayed at the company’s news conference venue in Tokyo, Japan May 11, 2018. REUTERS/Kim Kyung-Hoon The Japanese automaker joins a growing number of global automakers who are planning to reduce emissions by producing more gasoline-hybrid vehicles, plug-in hybrids and battery EVs. “By 2030, Mazda expects that internal…

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Technology 

Japan’s Nidec sees electric vehicles driving profits as it plans for future

KYOTO, Japan (Reuters) – Since starting Nidec in 1973 in a tiny Kyoto shed with just three workers, Shigenobu Nagamori has built it into the world’s top maker of precision motors and became one of Japan’s most venerated business leaders. Nidec Corp’s logo is pictured at an earnings results news conference in Tokyo, Japan, July 25, 2018. REUTERS/Kim Kyung-Hoon/File Photo Nagamori guided Nidec past Nissan and Panasonic in market value and helped place its products in everything from cars to smartphones. But the 74-year-old now faces what may be his…

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Technology 

How electric vehicles are moving into the fast lane

Image caption Sushila Devi and her e-rickshaw From battery-powered delivery trucks and rickshaws, to Formula E racing cars, electric vehicles are entering the mainstream. But will a lack of investment in charging infrastructure hold the market back? In 2015 single mum Sushila Devi was struggling to make ends meet and didn’t even have the money to send her three kids to school. However, thanks to low-cost electric vehicle technology, the 30-year-old from the state of Bihar, North East India found a solution. With a loan from a local charity, she…

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