Podcasts about general motors co

The Guru of all things General Motors Co-hosts to discuss one of GM's respected brands; Buick. It's not a name commonly associated with enthusiasts, but it's definitely a name your grandparents know very well. We also name a handful of cars that are still a great value and finish with our thoughts on Tesla and plug-in hybrids.

 A Southfield-based electric vehicle project will receive $60 million of federal funding for battery research seeking wide-scale EV adoption. The United States Advanced Battery Consortium LLC, a collaboration between General Motors Co., Ford Motor Co., and Stellantis N.V., will focus on boosting the performance and manufacturing capabilities of batteries. The funding aims to extend the range of EVs – a barrier to adoption along with a sparse charging network and expensive upfront cost, opponents say. Get your Audible Membership today! (As an Amazon Associate, we earn from qualified purchases) --- Support this podcast: https://podcasters.spotify.com/pod/show/michigan-in-focus/support

General Motors Co. CEO Mary Barra discusses a slowdown in electric vehicle adoption and the launch of plug-in hybrid models in their North America line-up. She speaks to Bloomberg's Jonathan Ferro. See omnystudio.com/listener for privacy information.

General Motors Co. CEO Mary Barra discusses a slowdown in electric vehicle adoption and the launch of plug-in hybrid models in their North America line-up. She speaks to Bloomberg's Jonathan Ferro. See omnystudio.com/listener for privacy information.

Dec. 14, 2023 ~ Detroit News Politics Editor & Columnist Chad Livengood talks with Paul W about General Motors Co.'s get-back-to-the-office order to white collar employees and the hiring of a new executive focused on real estate are two related events aimed at trying to revive the viability of the automaker's Detroit headquarters.

Third-quarter new vehicle sales are forecast to finish higher year over year after a strong September while the United Auto Workers strike against Ford Motor Co., General Motors Co. and Stellantis NV has looming implications on supply and pricing. In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Sept. 29 and what to expect in the week ahead.    

GM workers in Wentzville were among the first United Auto Workers in the nation to strike for higher pay. Sonya Wagner, who has worked at General Motors Co.'s Wentzville Assembly plant for 10 years, shares why she is on the picket line and what she and her colleagues demand. Also, Washington University sociologist Jason Rosenfeld provides insight on how this strike fits into the larger labor movement in the U.S.

Element 25 Ltd (ASX:E25) managing director Justin Brown runs Proactive's Elisha Newell through the company's landmark deal with American carmaker General Motors Co. E25 plans to ship 32,500 tonnes of manganese every year from its flagship Butcherbird project — a move set to bolster General Motor's annual EV production in North America beyond one million units. In exchange, General Motors will seed a US$85 million loan to construct a new facility in Louisiana, where manganese sulphate will be generated from Butcherbird ore. #ProactiveInvestors #Element25 #ASX #GeneralMotors #Manganese #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

In the Marvel Cinematic Universe, Infinity Stones hold immense power that the evil Thanos seeks to wield for his appalling goals, including the demolition of entire universes and the admiration of a particular individual. In contrast, Infinity Stone Ventures is a company that aims to collect crucial minerals that are integral to the creation of electric vehicle batteries and the advancement of clean energy solutions to power our planet. These critical minerals, which include Lithium, Graphite, Nickel, Cobalt, Copper, Manganese, and Gold, are poised for unprecedented demand as the transition towards sustainable energy sources gains momentum. Investing in such ventures could potentially yield significant returns in the long run. WHY? ● In 2030, the global demand for lithium is expected to surpass two million metric tons of lithium carbonate equivalent, more than doubling the demand forecast for 2025. ● Benchmark Minerals report - 300+ new mines needed to meet 2035 battery demand ENTER INFINITY STONE VENTURES $GEMS mission is to be a diversified supplier for all the critical energy metals being used in the clean energy revolution. Whereas most exploration companies will focus on just one or maybe two of those metals - $GEMS has taken a page out of the Thanos playbook by collecting them all. Unlike Thanos, however, they've got nothing but great intentions for all of humanity and have checked the following off the list already with great acquisitions announced over 2022 including: - Lithium ✅ - Graphite ✅ - Cobalt ✅ - Copper ✅ - Manganese ✅ - Nickle ✅ - Gold ✅ Not to mention… Top automakers including Tesla Inc., General Motors Co. and Ford Motor Co. are heading out on the mining conference circuit as soaring demand for metals used in electric vehicles ignites a scramble to lock in long-term supplies. This industry is only getting started We sat down with $GEMS CEO Zayn Kalyan to learn more about ● Infinity Stone continued and aggressive critical minerals strategy in 2023 ● Refining Graphite to 99.73% Purity & their plans to spin Out of Rockstone Graphite Project ● $GEMS Announcement and status on their application for Dual Listing on Upstream Watch this powerful interview to find out why even Thanos would have been jealous of $GEMS

This Wednesday is all about disruption. Not the buzzword kind, but the real kind as we talk about ASOTU's next evolution. We also blow out the candles on Carvana's 10 year birthday cake, as well as give our grocery store magazine review of the soap opera that is the EV transition. Automotive Ventures partnership and what is next for the ASOTUverseCarvana celebrated its 10th birthday yesterday with an ironic stock price of $1 for every year the company has been in business at  $10.04Intense focus on customer experience starting in 2013 led to CVNA being one of the  youngest company ever to debut on the Fortune 500 First vending machine appeared in Nashville in 2015"Ten years ago, when we sold our first car online in Atlanta, Georgia, it was hard to imagine at that time just how far we would come in our first decade. Carvana's core values and our belief in treating people better have led the way towards creating a better car buying and selling experience," said Ernie Garcia, Carvana Founder and CEOAccording to a new study presented by Cox Automotive, in 2022, 81% of shoppers responded that the overall car buying experience was improved by online activitiesAs the EV world turns:According to recent data, every $100 in Tesla revenue turns into $26 in profit which is far greater than its competitors proving a major competitive advantage. Despite the newsmaking antics of CEO Elon Musk and the company's recent stock value reckoning, the value of Tesla still remains greater than Toyota Motor Co., Mercedes-Benz Group AG, Volkswagen AG, BMW AG, General Motors Co., Stellantis NV and Ford Motor Co. combined.The current court case focusing on Elon Musk's $56B pay package heard closing arguments yesterday in a Delaware court. Chancellor Kathaleen McCormick who is presiding over the case called the prosecution's argument “elegant” and a “kill shot” as they attempt to discredit the manner in which the board posed the pay plan to shareholders for a vote. The defense argues that the package was tied to overall performance and shareholders have received over a 10x increase in stock value since the voteMusk told the court that the pay package was a way to help fulfill ambitions for space travel saying "It's a way to get humanity to Mars," he testified in November. "So Tesla can assist in potentially achieving that."A WSJ article is featuring the broad disagreement on how quickly EV adoption will likely occur, “Most car executives agree that the transition to electric vehicles is inevitable. How rapidly to make the switch is a central question, one that is driving divergent strategies.”“We don't want to risk missing the market,” Volvo Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email Share your positive dealer stories: https://www.asotu.com/positivity ASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

Buying a new car today is more painful than ever. Auto prices have risen a shocking 30% in just the past few years. Many used cars aren't much cheaper. The pandemic crunch is partly to blame – high demand and scarce supply caused prices to spike along with everything else. But car prices remain astronomical even though those shortages have largely eased. For a lot of middle class Americans, a new car is now out of reach.And that's just fine with some major automakers. Bloomberg reporters David Welch and Keith Naughton join this episode to explain why General Motors Co. and Ford Motor Co., among other companies, are embracing scarcity and high prices as the new normal.At the same time, China is ramping up production and rising as a leading carmaker. Reporter Tom Hancock describes how the country is churning out millions of electric and gasoline-powered vehicles for customers around the world, with one notable exception: the US. Read more:  https://bloom.bg/3E48mQY  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.This podcast is produced by the Big Take Podcast team: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Rebecca Chaisson, Michael Falero and Federica Romaniello, Associate Producers: Sam Gebauer and Zaynab Siddiqui. Sound Design/Engineers: Raphael Amsili and Gilda Garcia.See omnystudio.com/listener for privacy information.

In our final podcast of 2022, get a brief update on the latest Fed meeting, insights on the potential benefits of investing in securitized debt and our latest thoughts about what's to come in 2023 and beyond. Bloomberg US Corporate High Yield Index measures the performance of publicly issued non-investment grade USD fixed-rate, taxable and corporate bonds. The index is unmanaged, includes net reinvested dividends, does not reflect fees or expenses (which would lower the return) and is not available for direct investment. Index data source: Bloomberg Index Services Limited. See diamond-hill.com/disclosures for a full copy of the disclaimer. S&P 500 Index measures the performance of 500 large companies in the US. Moody's Bond Ratings are intended to characterize the risk of holding a bond. These ratings, or risk assessments, in part determine the interest that an issuer must pay to attract purchasers to the bonds. The ratings are expressed as a series of letters and digits. Investment Grade is a bond quality rating of AAA, AA, A or BBB. As of 30 September 2022, Diamond Hill owned debt in Ford Motor Co., General Motors Co. and General Motors Financial Co. As of 30 November 2022, Diamond Hill owned equity shares of General Motors Co. Risk disclosure: In general, when interest rates rise, fixed income values fall. Mortgage- and asset-backed securities are influenced by factors affecting the housing market and the assets underlying such securities. The securities may decline in value, face valuation difficulties, and become more volatile and/or illiquid. They are also subject to prepayment risk, which occurs when mortgage holders refinance or repay loans sooner than expected, creating an early return of principal to loan holders. The views expressed are those of Diamond Hill as of December 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.

US equity markets rallied as investors digested the latest corporate earnings releases and news of the latest walk back on the tax proposals - Dow gained -551-points or +1.86%, Goldman Sachs Group Inc rose +2.24% following a Wall Street Journal report that the investment bank plans to fold its biggest businesses into three divisions, combining its flagship investment-banking and trading businesses into one unit, while merging asset and wealth management into another, according to people familiar with the matter. A third division will reportedly house transaction banking, the bank's portfolio of financial-technology platforms, specialty lender GreenSky, and its ventures with Apple Inc and General Motors Co. The broader S&P500 +2.65%, with Consumer Discretionary (up 4.23%), Real Estate (+3.89%), Communication Services (+3.34%) and Information Technology (+3.09%) all climbing over >3% to lead all eleven primary sectors higher. The Nasdaq soared +3.43%. The small capitalisation Russell 2000 +3.17%.

US equity markets rallied as investors digested the latest corporate earnings releases and news of the latest walk back on the tax proposals - Dow gained -551-points or +1.86%, Goldman Sachs Group Inc rose +2.24% following a Wall Street Journal report that the investment bank plans to fold its biggest businesses into three divisions, combining its flagship investment-banking and trading businesses into one unit, while merging asset and wealth management into another, according to people familiar with the matter. A third division will reportedly house transaction banking, the bank's portfolio of financial-technology platforms, specialty lender GreenSky, and its ventures with Apple Inc and General Motors Co. The broader S&P500 +2.65%, with Consumer Discretionary (up 4.23%), Real Estate (+3.89%), Communication Services (+3.34%) and Information Technology (+3.09%) all climbing over >3% to lead all eleven primary sectors higher. The Nasdaq soared +3.43%. The small capitalisation Russell 2000 +3.17%.

US equity markets opened the new month and quarter firmly on the front foot, with the benchmark indices rallying over >2% - Dow rallied +765-points or +2.66%, rising as much as +922 points at its session peak and recording its the biggest percentage gain since 24 June, according to Dow Jones Market Data. The broader S&P500 gained +2.59%, with Energy climbing +5.77% to lead all eleven primary sectors higher. Chevron Corp rose +5.61%, Exxon Mobil Corp +5.28%, Marathon Petroleum Corp +3.48%. The Energy Select Sector SPDR Fund, an exchange-traded fund that aims to mirror the performance of the S&P 500 energy sector, rose +5.65% to US$76.09, its biggest daily percentage-point gain since 23 November, 2020, according to Dow Jones Market Data. Tesla Inc fell -8.61% after the electric vehicle maker released third quarter delivery figures on Sunday (2 October) that fell short of consensus expectations. General Motors Co rose +2.43% after reporting that third-quarter vehicle sales increased +24% (to 555,580) compared to a year ago, when supply chain issues weighed more heavily on the company's output. The Nasdaq rose +2.25%, with Apple Inc up +3.08% and Microsoft Corp +3.37%. The small capitalisation Russell 2000 gained +2.65%.

Представляем вашему вниманию новый выпуск подкаста 2 трейдера, в котором Исаков Роман и Фуад Расулов обсудили такие темы:

US equity markets retreated as Treasury yields continued to climb on the eve of the Federal Reserve's latest interest rate decision - Dow down -313-points or -1.01%, falling as much as -550-points earlier in the session. The broader S&P500 fell -1.13%, with Real Estate (down -2.57%) and Materials (-1.90%) leading all eleven primary sectors lower. Ford Motor Co tumbled -12.32% to log its worst single session drop since 2011 after the automaker told investors after the close of the previous session that it saw a +US$1B increase in supply chain costs during the third quarter. General Motors Co fell -5.63%. The Nasdaq -0.95%. Apple Inc rose +1.57% after announcing price rises for the app store in a number of Asian and European countries, likely a response to the surge in the U.S. dollar. Nvidia Corp (down -1.54%) hosted their GPU Technology Conference overnight and said that the launch of its next generation of gaming cards is well positioned. The RTX 4090 Gaming chips using the company's next-generation “Ada Lovelace” architecture, said to perform up to four times faster than its previous generation RTX 3090 Ti, will be available on 12 October for a suggested retail price of US$1,599. Following the keynote address, Chief Executive Officer (CEO) Jensen Huang told analysts that while gaming end markets are soft, they're not so soft that Nvidia won't be able to sell excess inventory it has in the channel. The Dow Jones Transport Average, viewed as a barometer of economic health, dropped -2.27% to a near 19-month low, with all 20 components retreating. The small capitalisation Russell 2000 lost -1.40%.

US equity markets retreated as Treasury yields continued to climb on the eve of the Federal Reserve's latest interest rate decision - Dow down -313-points or -1.01%, falling as much as -550-points earlier in the session. The broader S&P500 fell -1.13%, with Real Estate (down -2.57%) and Materials (-1.90%) leading all eleven primary sectors lower. Ford Motor Co tumbled -12.32% to log its worst single session drop since 2011 after the automaker told investors after the close of the previous session that it saw a +US$1B increase in supply chain costs during the third quarter. General Motors Co fell -5.63%. The Nasdaq -0.95%. Apple Inc rose +1.57% after announcing price rises for the app store in a number of Asian and European countries, likely a response to the surge in the U.S. dollar. Nvidia Corp (down -1.54%) hosted their GPU Technology Conference overnight and said that the launch of its next generation of gaming cards is well positioned. The RTX 4090 Gaming chips using the company's next-generation “Ada Lovelace” architecture, said to perform up to four times faster than its previous generation RTX 3090 Ti, will be available on 12 October for a suggested retail price of US$1,599. Following the keynote address, Chief Executive Officer (CEO) Jensen Huang told analysts that while gaming end markets are soft, they're not so soft that Nvidia won't be able to sell excess inventory it has in the channel. The Dow Jones Transport Average, viewed as a barometer of economic health, dropped -2.27% to a near 19-month low, with all 20 components retreating. The small capitalisation Russell 2000 lost -1.40%.

US equity markets retreated on Friday (19 August), with the recent rebound faltering as interest rate hike fears resurfaced ahead of the Jackson Hole Economic Symposium that begins on Thursday night AEST (25 August) - Dow fell -292-points or -0.86%, The broader S&P500 lost -1.29%, with Consumer Discretionary (-2.10%) and Financials (2.02%) both falling over >2% to lead nine of the eleven primary sectors lower, Information Technology (-1.83%) was also a major drag. Health Care (+0.27%) and Energy (+0.02%) were the only primary sectors to advance. General Motors Co rose +2.53% after it said it would reinstate quarterly dividend payouts. Occidental Petroleum Corp jumped more +9.88% after Warren Buffett's Berkshire Hathaway Inc received regulatory approval (after filing an application with the Federal Energy Regulatory Commission on 11 July) to buy to half of the oil company. Berkshire currently owns 188.5M shares of Occidental, equal to a 20.2% position. It surpassed a key threshold where Berkshire could record some of the oil company's earnings with its own, potentially adding billions of dollars in profit. The Nasdaq -2.01%. The small capitalisation Russell 2000 lost -2.17%. Bed Bath & Beyond Inc tumbled -40.54% after Bloomberg reported that some suppliers are restricting or halting shipments altogether after the home-goods retailer fell behind on payments. The report came after GameStop Corp Chairman Ryan Cohen disclosed in a filing after the close of last Wednesday's (17 August) session that he's planning to sell his big stake in the company just months after he bought it.

US equity markets retreated on Friday (19 August), with the recent rebound faltering as interest rate hike fears resurfaced ahead of the Jackson Hole Economic Symposium that begins on Thursday night AEST (25 August) - Dow fell -292-points or -0.86%, The broader S&P500 lost -1.29%, with Consumer Discretionary (-2.10%) and Financials (2.02%) both falling over >2% to lead nine of the eleven primary sectors lower, Information Technology (-1.83%) was also a major drag. Health Care (+0.27%) and Energy (+0.02%) were the only primary sectors to advance. General Motors Co rose +2.53% after it said it would reinstate quarterly dividend payouts. Occidental Petroleum Corp jumped more +9.88% after Warren Buffett's Berkshire Hathaway Inc received regulatory approval (after filing an application with the Federal Energy Regulatory Commission on 11 July) to buy to half of the oil company. Berkshire currently owns 188.5M shares of Occidental, equal to a 20.2% position. It surpassed a key threshold where Berkshire could record some of the oil company's earnings with its own, potentially adding billions of dollars in profit. The Nasdaq -2.01%. The small capitalisation Russell 2000 lost -2.17%. Bed Bath & Beyond Inc tumbled -40.54% after Bloomberg reported that some suppliers are restricting or halting shipments altogether after the home-goods retailer fell behind on payments. The report came after GameStop Corp Chairman Ryan Cohen disclosed in a filing after the close of last Wednesday's (17 August) session that he's planning to sell his big stake in the company just months after he bought it.

US equity markets advanced on the first day of the third quarter ahead of the 4 July holiday long weekend, with both the S&P500 and Nasdaq snapping a four-session losing streak - Dow rose +322-points or +1.05%. The broader S&P500 gained +1.06%, with Utilities (up +2.48%) leading all eleven primary sectors higher. General Motors Co rose +1.35% despite the automaker warning of a second-quarter earnings shortfall, as vehicle wholesale volumes were hurt by the timing of semiconductor shipments and other supply chain disruptions. GM expects net income for the quarter to 30 June to be between US$1.6B and US$1.9B, well below current consensus analyst forecasts of US$2.46B. However, the company affirmed its full-year outlook (for net income of US$9.6B to US$11.2B) as the supply disruptions are expected to be temporary. The Nasdaq +0.9%. Meta Platforms Inc closed down -0.76% following news that it's cutting its hiring plans for engineers as it prepares for a potential downturn. Chief Executive Officer (CEO) Mark Zuckerberg said “one of the worst downturns we've seen in recent history” is ahead, according to a recording heard by Reuters. Tesla Inc (up +1.24%) disclosed on Saturday (2 July) that sales of cars and SUVs fell -18% in the second quarter to 254,695 (versus consensus expectations for 256,250), snapping a two year streak of gains and marking their lowest quarterly level since last the third quarter of 2021 as supply-chain issues and pandemic restrictions in China hobbled production of its electric vehicles. Tesla delivered 310,048 vehicles in the first quarter of 2022 and 201,250 vehicles in the second quarter of 2021. Tesla is slated to release its second quarter result on 20 July. Micron Technology Inc fell -2.95% after the chipmaker provided a weak fourth quarter outlook after the closing bell of last Thursday's (30 June) session. The small capitalisation Russell 2000 lost -0.49%. Retailer Kohl's Corp slumped -19.63% after confirming a CNBC report that it had ceased talks with Franchise Group, saying that the retail environment has worsened since bidding began. Kohl's also cut its outlook for the current quarter. US equity and bond markets are CLOSED tonight AEST for the Independence Day holiday.

US equity markets advanced on the first day of the third quarter ahead of the 4 July holiday long weekend, with both the S&P500 and Nasdaq snapping a four-session losing streak - Dow rose +322-points or +1.05%. The broader S&P500 gained +1.06%, with Utilities (up +2.48%) leading all eleven primary sectors higher. General Motors Co rose +1.35% despite the automaker warning of a second-quarter earnings shortfall, as vehicle wholesale volumes were hurt by the timing of semiconductor shipments and other supply chain disruptions. GM expects net income for the quarter to 30 June to be between US$1.6B and US$1.9B, well below current consensus analyst forecasts of US$2.46B. However, the company affirmed its full-year outlook (for net income of US$9.6B to US$11.2B) as the supply disruptions are expected to be temporary. The Nasdaq +0.9%. Meta Platforms Inc closed down -0.76% following news that it's cutting its hiring plans for engineers as it prepares for a potential downturn. Chief Executive Officer (CEO) Mark Zuckerberg said “one of the worst downturns we've seen in recent history” is ahead, according to a recording heard by Reuters. Tesla Inc (up +1.24%) disclosed on Saturday (2 July) that sales of cars and SUVs fell -18% in the second quarter to 254,695 (versus consensus expectations for 256,250), snapping a two year streak of gains and marking their lowest quarterly level since last the third quarter of 2021 as supply-chain issues and pandemic restrictions in China hobbled production of its electric vehicles. Tesla delivered 310,048 vehicles in the first quarter of 2022 and 201,250 vehicles in the second quarter of 2021. Tesla is slated to release its second quarter result on 20 July. Micron Technology Inc fell -2.95% after the chipmaker provided a weak fourth quarter outlook after the closing bell of last Thursday's (30 June) session. The small capitalisation Russell 2000 lost -0.49%. Retailer Kohl's Corp slumped -19.63% after confirming a CNBC report that it had ceased talks with Franchise Group, saying that the retail environment has worsened since bidding began. Kohl's also cut its outlook for the current quarter. US equity and bond markets are CLOSED tonight AEST for the Independence Day holiday.

The electric vehicle market in the United States is reaching an inflection point as companies look to boost manufacturing at the same time that two more large automakers are on the verge of losing a critical consumer incentive. The $7,500 electric vehicle tax credit begins phasing out at 200,000 vehicles sold per manufacturer, a threshold General Motors Co. and Tesla Inc. hit years ago. Ford Motor Co. and Toyota Motor Corp. are quickly approaching that sales milestone, which has automakers and EV advocates looking to Congress to step in. Democrats remain interested in ways to expand the EV credit, but that effort is wrapped up in the Biden administration's stalled tax, climate, and social spending plan. Ellen Hughes-Cromwick, a senior resident fellow for climate and energy at the think tank Third Way, is the guest on the latest episode of Talking Tax. Hughes-Cromwick—who previously worked at the Commerce Department and Ford—discusses growth in the electric vehicle sector, breaks down the argument for expanding the federal tax credit, and explains what it will take to create a market for used EVs. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

(00:00:53) 全球供應鏈面臨陣痛期，《華爾街見聞》提醒業者：小心供過於求 (00:06:00) 多國「國內增產」斷尾求生？IMF呼籲「採購多元化」 (00:11:05) 經濟學人：美國Fed，老富蘭克林也看不下去了！

US equity markets advanced to lift the benchmark indices to their best weekly performance since the week ended 6 November 2020, according to Dow Jones Market Data - Dow climbed for a fifth straight session, settling +274-points or +0.80% higher. Salesforce.com Inc and Apple Inc were among the top gainers in the Dow, rising +3.99% and +2.09% respectively The broader S&P500 gained +1.17%. Information Technology (up +2.19%) and Consumer Discretionary (+2.18%) both gained over >2% to lead ten of the eleven primary sectors higher. Utilities (down –0.90%) was the only primary sector to settle in the red on Friday (18 March). General Motors Co rose +0.4% in extended trading on Friday (18 March) after announcing that it was buying Softbank Vision Fund's stake in its autonomous-driving unit Cruise for US$2.1B, lifting its stake to ~80%. GM will also make an additional US$1.35B investment in Cruise in place of SoftBank, it said. The technology centric Nasdaq rallied +2.05%. Nvidia Corp rallied +6.8% and Meta Platforms Inc +4.16% The small capitalisation Russell 2000 added +1.02%. Friday's (18 March) marked Quadruple Witching, the simultaneous expiration of stock index futures, stock index options, stock options and single-stock futures.

US equity markets advanced to lift the benchmark indices to their best weekly performance since the week ended 6 November 2020, according to Dow Jones Market Data - Dow climbed for a fifth straight session, settling +274-points or +0.80% higher. Salesforce.com Inc and Apple Inc were among the top gainers in the Dow, rising +3.99% and +2.09% respectively The broader S&P500 gained +1.17%. Information Technology (up +2.19%) and Consumer Discretionary (+2.18%) both gained over >2% to lead ten of the eleven primary sectors higher. Utilities (down –0.90%) was the only primary sector to settle in the red on Friday (18 March). General Motors Co rose +0.4% in extended trading on Friday (18 March) after announcing that it was buying Softbank Vision Fund's stake in its autonomous-driving unit Cruise for US$2.1B, lifting its stake to ~80%. GM will also make an additional US$1.35B investment in Cruise in place of SoftBank, it said. The technology centric Nasdaq rallied +2.05%. Nvidia Corp rallied +6.8% and Meta Platforms Inc +4.16% The small capitalisation Russell 2000 added +1.02%. Friday's (18 March) marked Quadruple Witching, the simultaneous expiration of stock index futures, stock index options, stock options and single-stock futures.

Tokyo keeps 3rd place in global city ranking Tokyo ranked third after London and New York in an annual Global Power City Index report released Nov. 24, retaining the position for the sixth consecutive year thanks to greater work flexibility amid the COVID-19 pandemic. The top five cities remained unchanged in the latest report, compiled by the Mori Memorial Foundation's Institute for Urban Strategies, but the pandemic had a significant impact on some indicators, such as tourism and working styles. London finished in the top spot for the 10th straight year, while Paris and Singapore rounded out the top five in fourth and fifth place, respectively.  (The Japan Times) Toyota dethrones GM as US sales leader Japanese automaker Toyota Motor Corp. outsold General Motors Co. in the United States in 2021, marking the first time the Detroit automaker has not led U.S. auto sales for a full year since 1931. Toyota sold 2.332 million vehicles in the U.S. in 2021, compared with 2.218 million for General Motors, the automakers said on Jan. 4. Last year was marred by a shortage of semiconductors used heavily in vehicles, forcing automakers to focus on their most profitable models. GM had been the largest seller of vehicles in the U.S. since 1931, when it surpassed Ford, according to data from industry publication Automotive News. (Reuters) These articles were provided by The Japan Times Alpha.

Many businesses take drastic measures to improve operational efficiency, but few achieve the desired outcome. Learn more about the 80/20 principle and the Kaizen philosophy and how some companies have achieved success by implementing these practices. As of January 31, 2022, Diamond Hill owned shares of Colfax Corp., General Motors Co. and SPX Flow, Inc. As of November 30, 2021, Diamond Hill owned debt in Ford Motor Co. The views expressed are those of the speaker as of January 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.

Show #1352 If you get any value from this podcast please consider supporting my work on Patreon. Plus all Patreon supporters get their own unique ad-free podcast feed. Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Monday 24th January. It's Martyn Lee here and I go through every EV story so you don't have to. Thank you to MYEV.com for helping make this show, they've built the first marketplace specifically for Electric Vehicles. It's a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too. Welcome to a new EXECUTIVE PRODUCER TYLER VOSS WATCH RECORD-SETTING LUCID AIR DREAM EDITION 70-MPH RANGE TEST - We knew going into the range test that the Air would likely crush the 310-mile range test results we achieved on a 2021 Tesla Model 3 in our 70-mph range test, which was our range test leader until now. The only question that remained was by how much. - Lucid provided us with a production Lucid Air Dream Edition Range with the 19" Aero wheels which is the configuration that is EPA certified at 520 miles per charge. If you put the 21" wheels on this same vehicle, the EPA range rating drops to 481 miles - The temperature was 51° F (10.5° C) when we started the day, which isn't really ideal conditions for range testing. However, by the end of the day, the temperature had crept up to 69° F (20.5° C) - The consumption rate remained consistent and was on 4.3 mi per kWh for the vast majority of the drive, and only dropped down to 4.2 mi/kWh on occasion. - When the range test was over, we had used 117+ kWh of the Air's 118 kWh usable battery capacity, so we really ran it down to a completely drained battery. We drove the Air for six miles after the state of charge read zero, and about 3 more miles after the display said we had consumed 117 kWh on the trip. That leads us to believe we had less than .25 kWh left in the battery when we ended the test. - Lucid uses the 5-cycle test procedure to certify its vehicle's range with the EPA. Tesla, Audi, Polestar, and Rivian also use the 5-cycle test, while all other OEMs use the 2-cycle test. - Tesla vehicles, for instance, usually underperform their EPA range number by 10% to 13%. The Air actually did very well in this regard, falling only 4% short of its EPA range rating Original Source : https://insideevs.com/reviews/562511/lucid-air-range-test-record/ CYBERTRUCK PHOTOS LEAKED! - “The wiper lives flat across the bottom of the windscreen ? Or upright ? And Holy cow... it extends and retracts, potentially covering every inch of the glass.” Original Source : https://www.cybertruckownersclub.com/forum/threads/cybertruck-photos-leaked-%F0%9F%93%B8.4660/ TESLA'S GROSS MARGIN IN FOCUS WITH Q4 EARNINGS - Tesla Inc's (NASDAQ:TSLA) crushing fourth-quarter delivery turns the focus on how well the company managed costs amid supply headwinds and whether the electric vehicle maker is on track to deliver 40% long-term gross margins when it reports quarterly earnings on Wednesday, according to Loup Ventures analyst Gene Munster. - Tesla delivered 28.8% automotive gross margins in the third quarter, compared with 25.8% in the second quarter ended June. - Tesla Chief Financial Officer Zach Kirkhorn had told investors on the third quarter post-earnings call that there's "an awakening" for electric vehicles and that the company does not have a demand issue but the ability to produce as many cars. Original Source : https://markets.businessinsider.com/news/stocks/tesla-s-gross-margin-in-focus-with-q4-earnings-as-investors-look-for-apple-like-growth-story-munster-1031122133 PANASONIC TO START PRODUCING NEW TESLA BATTERIES IN 2023 - Panasonic will start the mass production of new lithium-ion batteries that will increase the range of electric vehicles over 15% as early as 2023 to compete with rival South Korean and Chinese battery makers. Original Source : https://asia.nikkei.com/Business/Automobiles/Panasonic-to-start-producing-new-Tesla-batteries-in-2023 TESLA NOW RUNS THE MOST PRODUCTIVE AUTO FACTORY IN AMERICA - Last year Tesla's factory in Fremont, California, produced an average of 8,550 cars a week. That's more than Toyota Motor Corp.'s juggernaut in Georgetown, Kentucky (8,427 cars a week), BMW AG's Spartanburg hub in South Carolina (8,343) or Ford Motor Co.'s iconic truck plant in Dearborn, Michigan (5,564), according to a Bloomberg analysis of production data from more than 70 manufacturing facilities. - Tesla's Fremont factory is a scrappy site to behold. Originally built by General Motors Co. in the 1960s and jointly operated by GM and Toyota until after GM's 2009 bankruptcy, new additions have been kludged together to form an anthill of manufacturing. In what was once a rear parking lot, a pair of industrial tent structures provide shelter for bustling assembly lines that wouldn't fit inside the packed factory. - For all its rapid growth and dominance in electric vehicles, Tesla is still just the 10th biggest auto manufacturer in North America. The new plant in Austin should change that and, according to Levy, help Tesla maintain its EV lead for as long as the supply imbalances continue. Original Source : https://www.bloomberg.com/graphics/2022-tesla-factory-california-texas-car-production/ GM TO INVEST $6.5 BILLION IN MICHIGAN FOR EV PRODUCTION - General Motors Co. is expected to detail plans Tuesday to invest $6.5 billion in two Michigan sites and create 4,000 jobs in the state, according to a meeting agenda and two sources familiar with the situation. - The Detroit automaker is scheduled to announce its investment at an event in Lansing. The news would come a day before Gov. Gretchen Whitmer's State of the State address, which is expected to highlight the state's economic development efforts as the auto industry pivots to electrification. - GM and battery partner LG Energy Solution are planning a $2.5 billion investment in Lansing near GM's Delta Township plant for a battery cell manufacturing site that will support a growing list of coming EVs. - GM also received a tax abatement for a $1.3 billion investment at its Orion Assembly plant in Lake Orion to build EVs, but the investment amount there is expected to total $4 billion. Sources previously told The Detroit News the automaker plans to build electric trucks there. Original Source : https://www.detroitnews.com/story/business/autos/general-motors/2022/01/21/gm-invest-6-billion-michigan-ev-production/6599934001/ EXCLUSIVE RENAULT, NISSAN, MITSUBISHI TO UNVEIL 2030 EV PLAN THIS WEEK - Renault SA (RENA.PA), Nissan Motor Co and Mitsubishi Motors Corp (7211.T) plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of the plan told Reuters. - The three are expected to announce on Thursday a plan to invest more than 20 billion euros ($23 billion) over the next five years on EV development, the sources said. By 2030, the alliance is expected to come up with more than 30 new battery EVs underpinned by five common platforms, they said. - That is in addition to 10 billion euros the group has already spent on electrification - The three-firm alliance has developed and partly deployed four common EV platforms. - One underpins EVs such as Nissan's upcoming Ariya and Renault's Megane EV, and another supports affordable no-frills cars by Nissan and its China market partner Dongfeng, as well as for Renault's Dacia brand. The other two are platforms for micro minis, called “kei cars” in Japan, and light commercial vehicles. - The automakers are expected to use common batteries and other key components. The alliance plans to jointly invest in capacity to produce in France, Britain, China and Japan a total of 220 gigawatt hours of battery capacity by 2030 under the plan, the sources said. Original Source : https://www.reuters.com/business/autos-transportation/exclusive-renault-nissan-mitsubishi-unveil-2030-ev-plan-this-week-2022-01-23 DONGFENG E70 LAUNCHED WITH A SOLID-STATE BATTERY, 50 DEMONSTRATION CARS DELIVERED Original Source : https://carnewschina.com/2022/01/23/dongfeng-e70-launched-with-a-solid-state-battery-50-demonstration-cars-delivered/ APPLE'S SELF-DRIVING CAR PROJECT HITS ANOTHER SPEED BUMP AS ENGINEERING MANAGER DEPARTS Original Source : https://9to5mac.com/2022/01/23/apples-self-driving-car-project-hits-another-speed-bump-as-engineering-manager-departs/ LAMBORGHINI AVENTADOR SUCCESSOR WILL BE A V12 PLUG-IN HYBRID Original Source : https://www.thedrive.com/news/43985/lamborghini-aventador-successor-will-be-a-v12-plug-in-hybrid-report SHANGHAI MAYOR WANTS MORE CHIP PRODUCTION FACILITIES TO SUPPORT NEW-ENERGY VEHICLE GROWTH   Original Source : https://www.scmp.com/business/china-business/article/3164446/shanghai-mayor-wants-more-chip-production-facilities NEW QUESTION OF THE WEEK WITH EMOBILITYNORWAY.COM Tom Moloughney's Lucid Air 70mph range test yielded a real world highway range of 500 miles. That raises the bar by a huge amount and make the Lucid Air easily the longest range EV ever tested. But…do EV's ever need a range of 500 miles? Email me your answer now: hello@evnewsdaily.com It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. And  if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing. Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, I'll catch you tomorrow and remember…there's no such thing as a self-charging hybrid. PREMIUM PARTNERS PHIL ROBERTS / ELECTRIC FUTURE BRAD CROSBY PORSCHE OF THE VILLAGE CINCINNATI AUDI CINCINNATI EAST VOLVO CARS CINCINNATI EAST NATIONAL CAR CHARGING ON THE US MAINLAND AND ALOHA CHARGE IN HAWAII DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL RICHARD AT RSEV.CO.UK – FOR BUYING AND SELLING EVS IN THE UK EMOBILITYNORWAY.COM

Show #1350 If you get any value from this podcast please consider supporting my work on Patreon. Plus all Patreon supporters get their own unique ad-free podcast feed. Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Saturday 22nd January. It's Martyn Lee here and I go through every EV story so you don't have to. Thank you to MYEV.com for helping make this show, they've built the first marketplace specifically for Electric Vehicles. It's a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too. Welcome to a new, mysterisouly names, Patreon Producer N FROM CANADA KIA EV6 NAMED 2022 WHAT CAR? CAR OF THE YEAR - The Kia EV6 has been named What Car? Car of the year 2022. - The electric SUV earned the top prize for setting new benchmarks for electric cars, with an official range of 328 miles and managing 224 miles in a near worst-case low temperature conditions test conducted by What Car?'s testers. The judges also praised its super-fast, 800V charging capability, allowing for a 10-80% charge in as little ast 18 minutes. - The win makes Kia only the third non-European manufacturer to win the top prize at the What Car? Awards, which began in 1978. - FAMILY SUV: Volvo XC40 Recharge T4 Plus (Dark Theme) - SMALL EV: Cupra Born 58kWh V2 - LARGE EV: Tesla Model 3 Long Range - PERFORMANCE CAR: Porsche Taycan Cross Turismo 4S - INNOVATION AWARD: Gridserve Original Source : https://www.autocar.co.uk/car-news/new-cars/kia-ev6-named-2022-what-car-car-year VOLKSWAGEN GIVING ELECTRIC VEHICLES CHIP PRIORITY AS ASSEMBLY TO START IN CHATTANOOGA PLANT - Volkswagen's electric vehicles are getting priority over conventional models in terms of the availability of semiconductor chips as the company's Chattanooga plant soon launches a battery-powered SUV, an official said. - Volkswagen Group of America became the No. 2 seller of EVs in the United States last year with its ID.4 SUV and other electric vehicles - VW is spending $800 million in an expansion at the Chattanooga plant to ready for production of the ID.4 later this year. Early prototypes are already coming down the assembly line. Original Source : https://news.yahoo.com/volkswagen-giving-electric-vehicles-chip-160000336.html TESLA'S BERLIN FACTORY TO ELECT WORKS COUNCIL ON FEB. 28 - Tesla's Berlin factory will elect its first works council on Feb. 28, Germany's largest union IG Metall said on Thursday, expressing concern that it was too soon for the election to result in a truly representative body. - Only one in six of the roughly 12,000 workers expected at the plant have been hired so far, - calling an election before a wider swathe of workers are hired will lead to a council top-heavy with management - Under German labor law, only employees who have been working at a company for at least six months can stand for election. Original Source : https://europe.autonews.com/automakers/teslas-berlin-factory-elect-works-council-feb-28 TESLA GIGA BERLIN: MORE THAN 100 MIG TESLA MODEL Y IN PARKING LOT - One of the latest drone flyovers of the Tesla Giga Berlin plant in Grünheide near Berlin, Germany indicate that Tesla has already produced a substantial number of pre-production Model Y. - Tobias Lindh reports that more than 100 units were seen in the parking lot on January 18. - it is allowed to produce 2,000 Model Y bodies (up from 250 previously), which potentially means also 2,000 fully assembled pre-production cars. - If the manufacturer launches the Made-in-Germany (MIG) cars with the 2170-type cylindrical cell battery, it actually should not differ much compared to the ones produced in California or China. Original Source : https://insideevs.com/news/562032/tesla-giga-berlin-100-modely TESLA INSURANCE GOES LIVE IN ARIZONA AND OHIO - Tesla Insurance has officially gone live in Arizona and Ohio, becoming the fourth and fifth states to have access to the company's in-house coverage program. - Tesla officially confirmed that its insurance program was officially active in Arizona and Ohio by adding the two states to the Insurance webpage on its website. Arizona and Ohio officially join California, Texas, and Illinois as the other states to offer the in-house program. - Tesla Insurance is expected to launch in New York in the coming months, CEO Elon Musk said in September. Original Source : https://www.teslarati.com/tesla-insurance-arizona-ohio 37 PER CENT RISE IN PUBLIC ELECTRIC CAR CHARGERS - Official figures revealed by the Department for Transport show the number of public charge points for electric cars rose by 37 per cent in 2021. - That amounts to 7,600 new devices, which means, as of January 1, 2022, there were a total of 28,375 public charge points available, of which 5,156 were rapid chargers - . In the capital, there are 102 public chargers per 100,000 of population, while at the other end of the scale Northern Ireland has just 18 per 100,000. - The average provision across the UK is 42 per 100,000. - DfT says its information is provided by the EV charge point app Zap-Map, which claims to record 95 per cent of all available devices. The government's own database (the National Chargepoint Registry) records fewer than 20,000 public charge points nationwide - Zap-Map doesn't record how many cars can be charged by a single charge point device, so the true picture of charge capacity is likely to be higher than the stated number, the DfT says. Original Source : https://www.autoexpress.co.uk/news/357150/37-cent-rise-public-electric-car-chargers GM TO DELIVER ELECTRIC SUV CADILLAC LYRIQ TO CUSTOMERS IN 'FEW MONTHS' - General Motors Co's (GM.N) pre-production version of electric SUV Cadillac Lyriq have been assembled and the final production version is expected to be delivered to customers in a few months, President Mark Reuss said in a LinkedIn post on Thursday - Lyriq, an all-electric mid-size SUV, was unveiled by GM in August 2020 in a move to transform its traditional combustion engine lineup to an electric one.GM's Cadillac will offer the Lyriq, Symboliq, Celestiq, Escalade EV as well as a compact SUV by 2025. Original Source : https://www.reuters.com/business/autos-transportation/gm-deliver-electric-suv-cadillac-lyriq-customers-few-months-2022-01-20 CADILLAC LAUNCHES PRE-SERIES PRODUCTION OF THE LYRIQ - Cadillac has started pre-series production of its first electric model, the Lyriq, at GM's Spring Hill assembly plant in the state of Tennessee. The first deliveries of the electric car are expected to take place “in a few months”. - CEO Mary Barra commented under Reuss' post, “Our teams continue to prove that we can do remarkable things when we share a vision. Thank you to the Spring Hill and Cadillac teams for all their hard work to make this milestone possible.” She said she couldn't wait “for customers to experience how the Cadillac Lyriq truly redefines expectations for luxury electric vehicles.” - In September, reservations were opened in the US and closed again only a few minutes later because the ‘Debut Edition' was already sold out. Original Source : https://www.electrive.com/2022/01/21/cadillac-launches-pre-series-production-of-the-lyriq/ ROLLS-ROYCE 'SPIRIT OF INNOVATION' IS THE WORLD'S FASTEST ALL-ELECTRIC AIRCRAFT  Original Source : https://www.flyingmag.com/its-official-rolls-royce-spirit-of-innovation-is-the-worlds-fastest-all-electric-aircraft/ BIRD UNVEILS STATE-OF-THE-ART BATTERY MANAGEMENT SYSTEM Original Source : https://finance.yahoo.com/news/bird-unveils-state-art-battery-140000149.html CARGO EBIKES COMING TO MANCHESTER, UK Original Source: https://ilovemanchester.com/ebikes-coming-to-manchester QUESTION OF THE WEEK WITH EMOBILITYNORWAY.COM What TV, Print or Digital advertising have you seen for EVs recently which you noticed, or thought was memorable? Email me your answer now: hello@evnewsdaily.com It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. And  if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing. Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, I'll catch you tomorrow and remember…there's no such thing as a self-charging hybrid. PREMIUM PARTNERS PHIL ROBERTS / ELECTRIC FUTURE BRAD CROSBY PORSCHE OF THE VILLAGE CINCINNATI AUDI CINCINNATI EAST VOLVO CARS CINCINNATI EAST NATIONAL CAR CHARGING ON THE US MAINLAND AND ALOHA CHARGE IN HAWAII DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL RICHARD AT RSEV.CO.UK – FOR BUYING AND SELLING EVS IN THE UK EMOBILITYNORWAY.COM/

Show #1347 If you get any value from this podcast please consider supporting my work on Patreon. Plus all Patreon supporters get their own unique ad-free podcast feed. Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Wednesday 19th January. It's Martyn Lee here and I go through every EV story so you don't have to. Thank you to MYEV.com for helping make this show, they've built the first marketplace specifically for Electric Vehicles. It's a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too. Welcome to a new Patreon Producer JOHN DYSON PODCAST RECOMMENDATION: HOW VOLKSWAGEN IS REINVENTING ITSELF AS AN EV COMPANY - How Volkswagen can reinvent itself as an EV company, with CEO Herbert Diess - Volkswagen is one of the two biggest carmakers in the world — there's a battle every year between VW and Toyota for the top spot; they both sell around 10 million cars a year. - Herbert oversees a huge range of familiar car brands: VW, of course, but also Audi, Lamborghini, Porsche, and Bentley, as well as Skoda and Seat in Europe. A recent management shuffle also put him directly in charge of Volkswagen's software subsidiary, which is called CARIAD, and, of course, he's in charge of VW's aggressive efforts to electrify its lineup and shift all its cars to being EVs. - Herbert and I talked about all of that and the overall transition to EVs, including VW's new EV microbus, which is very cool. We also talked about how a company like Volkswagen can move as quickly as smaller competitors like Tesla. Original Source : https://www.theverge.com/22888316/decoder-interview-herbert-diess-volkswagen-nostalgia-ev-self-driving FORD STOCK ACTIVE ON $8.2 BILLION Q4 GAIN FROM RIVIAN INVESTMENT - Ford shares were active in early Wednesday trading after the carmaker said late Tuesday that its early investment in Rivian Automotive would add around $8.2 billion to its fourth quarter bottom line. - In an investor update ahead of its formal earnings release on February 3, Ford said gains from Rivian's November IPO would be booked as a special item over the three months ending in December. Ford invested $500 million in Rivian in 2019 -- building that to $1.2 billion in the following years -- and has a total stake of around 12% in the Irvine, California-based EV group. Original Source : https://www.thestreet.com/markets/ford-stock-jumps-on-8-2-billion-q4-gain-from-rivian-investment GM RECEIVES TAX ABATEMENT FOR POTENTIAL $1.3 BILLION ORION INVESTMENT - Orion Township officials on Tuesday approved a tax abatement for a proposed $1.3 billion investment by General Motors Co. to build electric vehicles at its Orion Assembly plant in Lake Orion. - GM requested the maximum period permitted for the tax abatement: 12 years, plus three years during the construction phase for the investment, which is expected to lead to the creation or retention of 2,000 jobs, GM said in its tax abatement application, which The Detroit News previously obtained. - Sources previously told The News GM plans to use the plant to build electric trucks based on its new Ultium battery-electric platform. The recalled Chevrolet Bolt EV and EUV are currently assembled there, but production is down through February as GM prioritizes battery module replacements for the recalled Bolts. - How much GM will save from the abatement is not yet known - GM is also looking to invest billions in Delta Township near Lansing for a battery cell manufacturing plant it's proposing to build there with battery partner LG Energy Solution. GM also applied to receive local and state tax breaks for that project. Original Source : https://eu.detroitnews.com/story/business/autos/general-motors/2022/01/18/gm-receives-tax-abatement-potential-1-3-billion-orion-investment/6569944001/ LUCID AIR DREAM EDITION 0-60 MPH, 1/4-MILE PERFORMANCE GETS REAL-WORLD TEST - Drag racing veteran and host of YouTube's DragTimes channel Brooks Weisblat was able to test the Lucid Air Dream Edition Performance's capabilities. The vehicle was owned by a longtime car enthusiast who currently owns a Tesla Model S Plaid, a Porsche Taycan Turbo S, and several other supercars. In a walkthrough of the vehicle, the Lucid owner highlighted several of the features he is fond of in the Air, such as its tactile controls, as well as some things he wishes were improved, such as its software and audio system. - With Launch Mode enabled, the Air attacked the quarter-mile without hesitation. Ultimately, the first test of the Lucid Air Dream Edition Performance showed that the vehicle showcased a 0-60 mph time of 2.93 seconds and a quarter-mile time of 10.21 seconds. The vehicle's trap speed was also very impressive at 143.37 mph. - In its third test, for example, the all-electric luxury sedan's 0-60 mph dropped to 2.88 seconds, which is closer to the 2.5 seconds estimated by Lucid. Original Source : https://www.teslarati.com/lucid-air-dream-edition-0-60-mph-quarter-mile-test-video/ PORSCHE TAYCAN SELECTED AS FORMULA E SAFETY CAR FOR SEASON 8 - The ABB FIA Formula E World Championship has selected the all-electric Porsche Taycan as its official Safety Car for season 8. The new SC is set to make its formal debut at the opening round of the Formula E season later this month in Diriyah, Saudi Arabia. - “Formula E is delighted the Porsche Taycan Turbo S will serve as the championship's Safety Car from Season 8,” says Jamie Reigle, CEO of Formula E. “The Porsche Taycan Turbo S is the pinnacle of high performance electrified vehicles and will light up Formula E city racetracks around the world.” - Porsche Taycan SCs are fitted with highly visible light bars and the necessary toggles and switches in the cabin to operate them properly. - Mechanically, however, the Formula E Porsche Taycan seems to be almost stock. Original Source : https://electrek.co/2022/01/18/porsche-taycan-selected-as-formula-e-safety-car-for-season-8/ WINNEBAGO E-RV ELECTRIC CAMPER VAN CONCEPT HAS 125 MILES OF RANGE - Recreational vehicles rounded the corner into the electric era today with the unveiling of the Winnebago e-RV concept at the Florida RV SuperShow. Using a Ford Transit van as the basis of the concept, Winnebago and its powertrain partner, Lightning eMotors, swapped in an an electric motor and an 86.0-kWh battery pack. - While Winnebago did not release an estimated horsepower rating for the e-RV camper van concept, it did say that estimated driving range would be 125 miles per charge, which is significantly shorter than today's EV passenger vehicles. But the Winnebago has a bed, a kitchenette, and wet bath with a shower, all home-style amenities you won't find in a Tesla. - For right now, the e-RV is merely a concept and Winnebago says that as battery technology evolves there's a potential for additional range. The e-RV concept has an onboard charger that is capable of juicing the battery at an owner's home, at public high-speed charging ports, or while plugged into shore power at a campground. According to Winnebago, the e-RV can charge up in about 45 minutes using a high-speed public charging station. Original Source : https://www.caranddriver.com/news/a38803078/winnebago-electric-camper-van-photos-info/ TESLA DRIVER IS CHARGED IN A DEADLY CRASH INVOLVING AUTOPILOT - California prosecutors have filed two counts of vehicular manslaughter against the driver of a Tesla on Autopilot who ran a red light, slammed into another car and killed two people in 2019. - The defendant appears to be the first person to be charged with a felony in the United States for a fatal crash involving a motorist who was using a partially automated driving system. Los Angeles County prosecutors filed the charges in October, but they came to light only last week. - The criminal charges aren't the first involving an automated driving system, but they are the first to involve a widely used driver technology. - In the Tesla crash, police said a Model S was moving at a high speed when it left a freeway and ran a red light in the Los Angeles suburb of Gardena and struck a Honda Civic - NHTSA added that all state laws hold human drivers responsible for operation of their vehicles. Though automated systems can help drivers avoid crashes, the agency said, the technology must be used responsibly. Original Source : https://www.npr.org/2022/01/18/1073857310/tesla-autopilot-crash-charges TESLA AUTOPILOT FAR FROM RELIABLE, CHINESE STUDY FINDS Original Source : https://www.scmp.com/tech/big-tech/article/3163849/tesla-autopilot-and-other-mainstream-assisted-driving-systems-far VOLKSWAGEN AND BOSCH SET UP JV TO PUSH EUROPEAN BATTERY PRODUCTION Original Source : https://techcrunch.com/2022/01/18/volkswagen-and-bosch-set-up-jv-to-push-european-battery-production CAN BENTLEY CRACK THE EV MARKET? Original Source : https://www.ft.com/content/4b0f88d8-f0ff-4145-94fd-9c3037446442 10 KEY EV MILESTONES TO WATCH OUT FOR IN 2022 - The transition to electric vehicles represents one of the most significant shifts in the automotive industry's history. Here are the 10 key milestones we expect to see in 2022. 1.       The EV pickup market will accelerate dramatically 2.       Tesla must meet Cybertruck or Semi production deadline 3.       Crunch time for Canoo and Arrival 4.       NIO launches semi-solid-state battery 5.       Production finally begins for 4680-format cells 6.       Rivian and Lucid enter production hell? 7.       Tesla's Germany and Austin factories come online 8.       More interest in Lithium Iron Phosphate batteries 9.       The first confirmed EV based on a Foxconn platform 10.   Chinese EV exports to Europe will grow Original Source : https://www.just-auto.com/features/10-key-ev-milestones-to-watch-out-for-in-2022/ QUESTION OF THE WEEK WITH EMOBILITYNORWAY.COM What TV, Print or Digital advertising have you seen for EVs recently which you noticed, or thought was memorable? Email me your answer now: hello@evnewsdaily.com It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. And  if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing. Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, I'll catch you tomorrow and remember…there's no such thing as a self-charging hybrid. PREMIUM PARTNERS PHIL ROBERTS / ELECTRIC FUTURE BRAD CROSBY PORSCHE OF THE VILLAGE CINCINNATI AUDI CINCINNATI EAST VOLVO CARS CINCINNATI EAST NATIONAL CAR CHARGING ON THE US MAINLAND AND ALOHA CHARGE IN HAWAII DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL RICHARD AT RSEV.CO.UK – FOR BUYING AND SELLING EVS IN THE UK EMOBILITYNORWAY.COM/

Banking and industrial stocks powered the Dow Jones Industrial Average to a fresh record closing high overnight as worries about the Omicron variant of the coronavirus subsided, while a fall in heavyweight technology stocks dragged the S&P 500 and the Nasdaq indices lower - Dow up +215-points or +0.59% to 36,800, touching a fresh intraday peak of 36,934.84. Investment banks Goldman Sachs Group Inc (up +3.07%) and JP Morgan Chase & Co (+3.79%), and integrated payments giant American Express Co (+3.21%) were among the leading Dow performers and among those companies seen to be beneficiaries of rising interest rates. The broader S&P500 dipped -0.06% to 4,793.54 after scaling a fresh record intra-day high (4,818.62) earlier in the session. Energy (up +3.10%) was the leading primary sector performer for a second straight session, while Financials (+2.60%) and Industrials (+2.09%) both gained over >2%. Health Care (down -1.38%) and Information Technology (-1.14%) brought up the rear. Ford Motor Co jumped +11.67% and hit a 21-year high after the auto maker said it plans to nearly double production of its all-electric F-150 Lightning pickups at its Dearborn, Michigan, facility to 150K trucks a year to meet “soaring customer demand.” General Motors Co rallied +7.47% after saying the semiconductor supply issues that have plagued the auto industry improved during the fourth quarter. The company said it delivered 440,745 vehicles in the fourth quarter, down -43% from a year ago, when quarterly retail sales were the best in 13 years. Dealer inventory, including in-transit vehicles on their way to dealers, totalled 199,662 at the end of the fourth quarter, up +55% from a record low of 128,757 at the end of the third quarter. Tesla Inc fell -4.18% after soaring +13.53% in the previous session after releasing a statement on Sunday (2 January) and saying it delivered 308,600 vehicles in the fourth quarter alone, crushing consensus analyst forecasts for 266K. The technology-centric Nasdaq shed -1.33%, under pressure from a fresh rise in bond yields. Apple Inc fell -1.27% to US$179.70 a day after becoming the first public company to reach US$3 trillion in market capitalisation (achieving the milestone after briefly trading above >US$182.86 per share). Advanced Micro Devices lost -3.87%, with Chief Executive Lisa Su announcing new products in an event tied to the annual technology conference in Las Vegas. Ms Su said the company was releasing 20 new Ryzen 6000 series laptop processors beginning in February, and three new Radeon RX 6000S GPUs for thin gaming laptops. Ultrathin gaming laptops were the fastest-growing PC segment, selling at a rate more than three times faster than traditional gaming laptops, Ms Su said.The small capitalisation Russell 2000 slipped -0.16%.

Banking and industrial stocks powered the Dow Jones Industrial Average to a fresh record closing high overnight as worries about the Omicron variant of the coronavirus subsided, while a fall in heavyweight technology stocks dragged the S&P 500 and the Nasdaq indices lower - Dow up +215-points or +0.59% to 36,800, touching a fresh intraday peak of 36,934.84. Investment banks Goldman Sachs Group Inc (up +3.07%) and JP Morgan Chase & Co (+3.79%), and integrated payments giant American Express Co (+3.21%) were among the leading Dow performers and among those companies seen to be beneficiaries of rising interest rates. The broader S&P500 dipped -0.06% to 4,793.54 after scaling a fresh record intra-day high (4,818.62) earlier in the session. Energy (up +3.10%) was the leading primary sector performer for a second straight session, while Financials (+2.60%) and Industrials (+2.09%) both gained over >2%. Health Care (down -1.38%) and Information Technology (-1.14%) brought up the rear. Ford Motor Co jumped +11.67% and hit a 21-year high after the auto maker said it plans to nearly double production of its all-electric F-150 Lightning pickups at its Dearborn, Michigan, facility to 150K trucks a year to meet “soaring customer demand.” General Motors Co rallied +7.47% after saying the semiconductor supply issues that have plagued the auto industry improved during the fourth quarter. The company said it delivered 440,745 vehicles in the fourth quarter, down -43% from a year ago, when quarterly retail sales were the best in 13 years. Dealer inventory, including in-transit vehicles on their way to dealers, totalled 199,662 at the end of the fourth quarter, up +55% from a record low of 128,757 at the end of the third quarter. Tesla Inc fell -4.18% after soaring +13.53% in the previous session after releasing a statement on Sunday (2 January) and saying it delivered 308,600 vehicles in the fourth quarter alone, crushing consensus analyst forecasts for 266K. The technology-centric Nasdaq shed -1.33%, under pressure from a fresh rise in bond yields. Apple Inc fell -1.27% to US$179.70 a day after becoming the first public company to reach US$3 trillion in market capitalisation (achieving the milestone after briefly trading above >US$182.86 per share). Advanced Micro Devices lost -3.87%, with Chief Executive Lisa Su announcing new products in an event tied to the annual technology conference in Las Vegas. Ms Su said the company was releasing 20 new Ryzen 6000 series laptop processors beginning in February, and three new Radeon RX 6000S GPUs for thin gaming laptops. Ultrathin gaming laptops were the fastest-growing PC segment, selling at a rate more than three times faster than traditional gaming laptops, Ms Su said.The small capitalisation Russell 2000 slipped -0.16%.

A federal judge in Georgia has blocked the Biden administration's nationwide mandate for federal contractors' employees to be vaccinated amid a slew of challenges from states that say the president overstepped his authority in requiring the COVID-19 shots. The mandate, which was to have taken effect Jan. 4, applies to roughly a quarter of the U.S. workforce and would have affected companies that do business with the federal government, including Lockheed Martin Corp., Microsoft Corp., Alphabet Inc.‘s Google and General Motors Co. The case is similar to an emergency regulation from the U.S. Occupational Safety and Health Administration that orders private-sector companies with 100 employees or more to require vaccinations of their employees. The Sixth Circuit Court is poised to consider the consolidated challenges to the OSHA rule.

A federal judge in Georgia has blocked the Biden administration's nationwide mandate for federal contractors' employees to be vaccinated amid a slew of challenges from states that say the president overstepped his authority in requiring the COVID-19 shots. The mandate, which was to have taken effect Jan. 4, applies to roughly a quarter of the U.S. workforce and would have affected companies that do business with the federal government, including Lockheed Martin Corp., Microsoft Corp., Alphabet Inc.‘s Google and General Motors Co. The case is similar to an emergency regulation from the U.S. Occupational Safety and Health Administration that orders private-sector companies with 100 employees or more to require vaccinations of their employees. The Sixth Circuit Court is poised to consider the consolidated challenges to the OSHA rule.

US equity markets relinquished solid gains to settle lower after the country recorded its first confirmed case of the omicron variant of the coronavirus – the Dow staged a 983-point U-turn to settle -462-points or -1.34% lower at 34,022.04, unwinding an earlier +520-point/+1.5% rally and settling below its 200-day moving average (34,361.27) for the first time since July. Salesforce.Com Inc tumbled -11.74% after the customer relationship management company provided disappointing fourth quarter earnings per share (EPS) guidance after the close of the previous session. The broader S&P500 lost -1.18% to 4,513.04, closing below its 50-day moving average (4,539.32) for the first time since 13 October. Communication Services (down -1.98%) and Consumer Discretionary (-1.86%) both fell over >1.5% to lead ten of the eleven primary sectors lower, with seven sectors logging declines of over >1%. Utilities (up +0.16%) was the only primary sector to close in the black. General Motors Co edged +0.33% higher after the automaker slightly raised its 2021 earnings guidance (to ~US14B from US$11.5B-to-US$13.5B previously) on strong pricing, resilient consumer demand and a stronger-than-expected supply of semiconductor chips. The Nasdaq dropped -1.83% after rallying as much as +1.8% earlier in the session. The small capitalisation Russell 2000 shed -2.18% to mark its first official correction since June of 2020. Some commentators also cited tax loss selling as a factor for the recent weakness.

US equity markets relinquished solid gains to settle lower after the country recorded its first confirmed case of the omicron variant of the coronavirus – the Dow staged a 983-point U-turn to settle -462-points or -1.34% lower at 34,022.04, unwinding an earlier +520-point/+1.5% rally and settling below its 200-day moving average (34,361.27) for the first time since July. Salesforce.Com Inc tumbled -11.74% after the customer relationship management company provided disappointing fourth quarter earnings per share (EPS) guidance after the close of the previous session. The broader S&P500 lost -1.18% to 4,513.04, closing below its 50-day moving average (4,539.32) for the first time since 13 October. Communication Services (down -1.98%) and Consumer Discretionary (-1.86%) both fell over >1.5% to lead ten of the eleven primary sectors lower, with seven sectors logging declines of over >1%. Utilities (up +0.16%) was the only primary sector to close in the black. General Motors Co edged +0.33% higher after the automaker slightly raised its 2021 earnings guidance (to ~US14B from US$11.5B-to-US$13.5B previously) on strong pricing, resilient consumer demand and a stronger-than-expected supply of semiconductor chips. The Nasdaq dropped -1.83% after rallying as much as +1.8% earlier in the session. The small capitalisation Russell 2000 shed -2.18% to mark its first official correction since June of 2020. Some commentators also cited tax loss selling as a factor for the recent weakness.

Show #1206. If you get any value from this podcast please consider supporting my work on Patreon. Plus all Patreon supporters get their own unique ad-free podcast feed. Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Thursday 9th September. It's Martyn Lee here and I go through every EV story so you don't have to. Thank you to MYEV.com for helping make this show, they've built the first marketplace specifically for Electric Vehicles. It's a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too.  HONDA, GM TO SHARE EV PARTS - The Japanese automaker Honda is strengthening ties with General Motors to share components for electric vehicles. They aim to shorten the time needed to develop new models, and keep up with the wave of electrification taking place around the world.  Honda will develop platforms for small and medium-sized cars. GM will make them for larger models. Original Source : https://www3.nhk.or.jp/nhkworld/en/news/20210907_13/ TESLA FINISHES CONSTRUCTION OF SHANGHAI-BASED SUPERCHARGER PRODUCTION PLANT - Tesla completed the construction of its Supercharger production plant in Shanghai in late August and is going through debugging of the equipment that will run from August 21 to September 25, according to a local media outlet. - The building works officially commenced on January 20 this year, according to an environment impact assessment report. The plant consists of 5 semi-automatic assembly lines, which are capable of producing 10,000 Superchargers per year.  The site will produce the V3 Superchargers. Original Source : https://autonews.gasgoo.com/china_news/70018666.html BOSSES FROM ELECTRIC CARMAKER RIVIAN TO VISIT UK SITE BEING CONSIDERED FOR GIANT FACTORY - Bosses from Amazon-backed US carmaker Rivian are flying into the UK next week to visit a potential site for a giant electric car factory, sources have told the West of England mayor's office.  California-based Rivian is said to be eyeing an area between Bristol and Bridgwater, in Somerset, for a UK plant. - Rivian executives will be involved in a series of meetings with government and business officials, and will visit Somerset's 616-acre Gravity smart campus - off junction 23 of the M5. - Rivian bosses will also visit Bristol to find out about the city's innovation expertise, concluding with a dinner aboard the SS Great Britain. They will then fly on to Germany to visit a rival site before making a final decision, it is understood. Original Source : https://www.business-live.co.uk/manufacturing/bosses-electric-carmaker-rivian-visit-21501260 FORD POACHES TOP TECH EXECUTIVE DOUG FIELD WHO HELPED LEAD APPLE'S TOP-SECRET CAR PROJECT - Ford has hired former Tesla and Apple executive Doug Field to lead its emerging technology efforts, a key focus for the automaker under its new Ford+ turnaround plan.The hire is a major new addition for Ford, while a big hit to Apple and its secret car project, which the company has yet to confirm exists. Apple, in an emailed statement, said: “We're grateful for the contributions Doug has made to Apple and we wish him all the best in this next chapter.” - The hire is a major addition for Ford and a big hit to Apple and its secret car project, which the company has yet to confirm exists. - Field — who led development of Tesla's Model 3 —most recently served as vice president of special projects at Apple, which reportedly included the tech giant's Titan car project. Original Source : https://www.cnbc.com/2021/09/07/ford-hires-ex-tesla-apple-executive-doug-field-to-lead-advanced-tech.html VOLKSWAGEN SAYS IT WILL LEASE USED EVS TO MAINTAIN CONTROL OVER ITS BATTERIES - At the Munich auto show this week, Volkswagen Group CEO Herbert Diess told the press his company plans to offer leases on its used EVs as a way to maintain control over the batteries that power them. - Automotive News Europe reports Diess told the audience that Volkswagen will offer used-vehicle leases on its ID family of electric vehicles, including those in North America, as a strategy to keep control over their valuable batteries. Diess said the secondary leases would allow the company to recycle the valuable battery packs into new uses, including home power centers and fast chargers. - “In Europe, we are trying to get a second lease and even a third lease, and keep the car in our hands,” Diess said. “Battery life we think today is about 1,000 charging cycles and around 350,000 kilometers [about 215,000 miles], something like that. So, the battery would probably live longer than the car, and we want to get hold of the battery. We don't want to give the battery away.” Original Source : https://cleantechnica.com/2021/09/08/volkswagen-says-it-will-lease-used-evs-to-maintain-control-over-its-batteries/ NEW BRITISHVOLT BATTERY CELL FACTORY UNDER CONSTRUCTION - Works have begun at Britishvolt's new battery cell factory in Blyth, Northumberland. Planning permission for the cell factory was granted unanimously by Northumberland County Council in July and construction of the facility is scheduled to begin in autumn or winter this year. - The production facility will be built on the 95-hectare former site of the town's power station. Once up and running, the company is planning to start production in 2023, according to the latest Britishvolt announcement. In total, the plant is expected to create around 3,000 direct jobs and a further 5,000 in associated supply chains. - The project is to be built in three phases of ten GWh each, reaching a full capacity of 30 GWh by the end of 2027. To get things underway, Britishvolt has commissioned construction partner ISG with the preliminary work. ISG will clear the site and take preparatory steps for the utilities and infrastructure of the construction site. Original Source : https://www.nextgreencar.com/news/9221/new-britishvolt-battery-cell-factory-under-construction PORSCHE TAYCAN'S STRONG DEMAND OUTPACES AUTOMAKER'S PRODUCTION CAPACITY - The Porsche Taycan is experiencing massive demand with delivery estimates stretching up to six months, said CEO Oliver Blume. The demand for Porsche's all-electric four-door sedan outpaced the company's production capacity for 2021 in the first quarter alone.  “Our original production capacity for the Taycan was 20,000 units this year – we've sold that many in the first half of the year,” Blume said during a panel discussion at the IAA Mobility show in Munich. The Porsche CEO noted that “incoming orders are huge,” including in China. - The Taycan's popularity continued to accelerate in Q2 2021, with Porsche exceeding all the deliveries in 2020 in just the first half of the quarter. The accelerated popularity of the Taycan was partly due to the new variants released of the all-electric four-door. Original Source : https://www.teslarati.com/porsche-taycan-demand-beats-production-capacity MOTORTREND:  WE DRIVE THE 2022 RIVIAN R1T OFF-ROAD ACROSS THE TRANS-AMERICA TRAIL, PART 1 - This route winds around the Appalachians, across the mighty Mississippi, through the Great Plains, and over the Rockies, before threading through the west's high-desert slick rock and redwoods to the coast. Some paved roads dot the trail, but they're few and far between. Because of the endeavor's sheer scale and distance, MotorTrend together with Rivian dedicated 43 days to the adventure, split into five legs. We divided into five crews of staffers as we navigated our convoy of two near-production-spec 2022 Rivian R1Ts and our support vehicle, a Ram 1500 TRX, across the Trans-America Trail. Original Source : https://www.motortrend.com/features/2022-rivian-r1t-exclusive-drive-review-trans-america-trail-off-road TESLA SOLD 44,264 CHINA-MADE VEHICLES IN AUGUST, LOCAL DELIVERIES UP - U.S. electric vehicle maker Tesla Inc in August sold 44,264 China-made vehicles, including 31,379 for export, the China Passenger Car Association (CPCA) said on Wednesday. Local sales of China-made vehicles jumped to 12,885 cars last month from 8,621 cars in July. Tesla's sales in the first month of each quarter are usually lower than the following two months. - China's BYD sold 60,858 electric vehicles last month, while General Motors Co's China joint venture with SAIC Motor delivered 43,783 units. Original Source : https://finance.yahoo.com/news/tesla-sold-44-264-china-080815117.html TESTED: 2021 TESLA MODEL S PLAID TRAVELS 345 MILES - Tesla's tri-motor 1,020-hp flagship sedan covered 345 miles on Edmunds' real-world EV range loop, falling just shy of its EPA-estimated range by 3 miles.It ties the 2021 Tesla Model 3 Long Range for first place on our EV range leaderboard among both luxury and non-luxury EVs.  The Plaid proved to be pretty efficient when driven with restraint, consuming slightly less energy than a Porsche Taycan 4S tested in similar conditions Original Source : https://www.edmunds.com/car-news/2021-tesla-model-s-plaid-travels-345-miles-tying-edmunds-real-world-range-leader-the-tesla-model-3-long-range.html A TESLA RECORED A MAN FAKING BEING BACKED INTO AT A GAS STATION - Arthur Bates Jr., the 47-year-old man in question, was in the gas station's parking lot where the “incident” occurred. In video footage from the Tesla released by local authorities, Bates can be seen behind the vehicle. - In the video, Bates can be seen behind the Tesla as it slowly reverses. As the vehicle comes to a stop, Bates literally walks into the bumper of the car and collapses on the ground pretending he's in pain and placing his foot on the back of the car. - Bates then had the nerve to go and call for emergency services, with an ambulance and firefighters coming to check him for injuries. Police managed to find the driver of the car who explained that they witnessed Bates intentionally getting behind the vehicle Original Source : https://jalopnik.com/a-guy-tried-to-pull-a-fast-one-by-claiming-a-tesla-back-1847631428 QUESTION OF THE WEEK WITH EMOBILITYNORWAY.COM IAA mobility show is this week. The most headline grabbing cars from the big names will get the headlines, but do YOU think needs electrifying to fill a gap in the market? Email me your thoughts and I'll read them out on Sunday – hello@evnewsdaily.com It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. And  if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing. Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, I'll catch you tomorrow and remember…there's no such thing as a self-charging hybrid. PREMIUM PARTNERS PHIL ROBERTS / ELECTRIC FUTURE BRAD CROSBY PORSCHE OF THE VILLAGE CINCINNATI AUDI CINCINNATI EAST VOLVO CARS CINCINNATI EAST NATIONAL CAR CHARGING ON THE US MAINLAND AND ALOHA CHARGE IN HAWAII DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL RICHARD AT RSEV.CO.UK – FOR BUYING AND SELLING EVS IN THE UK EMOBILITYNORWAY.COM/ 

S&P500 and Nasdaq booked fresh record closing highs as attention turns to tonight's AEST August jobs data - Dow up +131-points or +0.37% . The broader S&P500 added +0.28% to 4,536.95, touching a record intraday high of 4,545.85 earlier in the session. Energy (up +2.53%) led eight of the elven primary sectors higher, with Health Care (+1.08%) and Industrials (+1.02%) both rising over >1%. The global shortage of computer chips continues, forcing automakers to temporarily close factories. General Motors Co (down -0.33%) announced that it would pause production at eight North American plants during the next two weeks, including two that make the company's top-selling Chevrolet Silverado pickup. Ford Motor Co (-0.76%) will stop making pickups at its Kansas City Assembly Plant for the next two weeks. Shifts will be cut at two more truck plants in Dearborn, Michigan, and Louisville, Kentucky. The Nasdaq edged +0.14% higher to 15,331.18, also setting an intraday all-time high (15,380.07). Apple Inc climbed +0.75% to a record closing high of US$153.65 after the most valuable U.S. company by market capitalisation announced concessions for some large developers on its App Store regarding commissions. Apple said late Wednesday (1 September) it will allow developers of so-called “reader” apps, which offer content on a subscription basis like Netflix Inc (+1.11% to US$588.55 and extending their best-ever two-week stretch of gains into record territory) and Spotify Technology SA (+6.57%), to give customers the option of sidestepping its in-app purchase commissions by making direct purchases from the respective companies. Separately, CNBC reported that Apple was preparing mass production of the Apple Car by 2024. The small capitalisation Russell 2000 up +0.74%. In merger and acquisition (M&A) news, Baxter International Inc +4.8% higher after it said it has entered an agreement to acquire fellow medical technology company Hill-Rom Holdings Inc. for US$156 per share, in a deal with an enterprise value of ~US$12.4B.”

S&P500 and Nasdaq booked fresh record closing highs as attention turns to tonight's AEST August jobs data - Dow up +131-points or +0.37% . The broader S&P500 added +0.28% to 4,536.95, touching a record intraday high of 4,545.85 earlier in the session. Energy (up +2.53%) led eight of the elven primary sectors higher, with Health Care (+1.08%) and Industrials (+1.02%) both rising over >1%. The global shortage of computer chips continues, forcing automakers to temporarily close factories. General Motors Co (down -0.33%) announced that it would pause production at eight North American plants during the next two weeks, including two that make the company's top-selling Chevrolet Silverado pickup. Ford Motor Co (-0.76%) will stop making pickups at its Kansas City Assembly Plant for the next two weeks. Shifts will be cut at two more truck plants in Dearborn, Michigan, and Louisville, Kentucky. The Nasdaq edged +0.14% higher to 15,331.18, also setting an intraday all-time high (15,380.07). Apple Inc climbed +0.75% to a record closing high of US$153.65 after the most valuable U.S. company by market capitalisation announced concessions for some large developers on its App Store regarding commissions. Apple said late Wednesday (1 September) it will allow developers of so-called “reader” apps, which offer content on a subscription basis like Netflix Inc (+1.11% to US$588.55 and extending their best-ever two-week stretch of gains into record territory) and Spotify Technology SA (+6.57%), to give customers the option of sidestepping its in-app purchase commissions by making direct purchases from the respective companies. Separately, CNBC reported that Apple was preparing mass production of the Apple Car by 2024. The small capitalisation Russell 2000 up +0.74%. In merger and acquisition (M&A) news, Baxter International Inc +4.8% higher after it said it has entered an agreement to acquire fellow medical technology company Hill-Rom Holdings Inc. for US$156 per share, in a deal with an enterprise value of ~US$12.4B.”

Our listeners are going to steer the show today. It's an open topic show with a variety of questions and news. Allson Walker is The Lady Auto Mechanic: text 601-502-3157https://www.facebook.com/theladyautomechanic78/ https://www.instagram.com/the_lady_auto_mechanic/ https://twitter.com/TheLadyAutoMech https://www.automotivegroup.biz/contactus.htmRecalls for the LAST COUPLE OF weeks: Ram 1500, 1500 Classic, 2500 and 3500 pickup trucks have an airbag issue.Hyundai and Kia are issuing separate recalls for 2016-20 model years. The issue concerns a damaged trunk latch.2021 Audi and Volkswagen vehicles with malfunctioning seat belt retractors2020-22 Cadillac's CT4s and CT5s are now being recalled for an issue concerning the roof-rail side curtain airbags.BMWs, Toyota Supras, and Z4s. Dealers need to update the engine management software.BMWs, Minis, Rolls-Royce, and Toyota Supras have a seat belt retractor recall. 2021 and 2022 Ford Transit and Transit Connect vans are being recalled for an issue with the locking retractor on a passenger seat belt.2018-20 model-year Subarus have a faulty fuel pumpYou can find out if your car has a past recall by going to the National Highway Traffic Safety Administration's website: https://www.nhtsa.gov/recalls and inputting your VIN number. Or find their SaferCar app.In the news: General Motors Co. and AT&T plan to bring 5G connectivity to millions of the automaker's vehicles in the U.S. over the next decade. Beginning with 2024 vehicles. https://www.detroitnews.com/story/business/autos/general-motors/2021/08/19/gm-at-t-partner-equip-vehicles-5-g-capability/8184464002/Auto Casey: Kia K5 sedan Short take: https://www.youtube.com/watch?v=AHXNXyMaYxc Long version: https://www.youtube.com/watch?v=W4Yzv_lKq4kCalls:oil for your carradiator fluidinspection of used carFreon in the carparking breakLincolnbrake warning lightsmechanics test drivesvibrationswaping engine See acast.com/privacy for privacy and opt-out information.

Show #1175.   If you get any value from this podcast please consider supporting my work on Patreon. Plus all Patreon supporters get their own unique ad-free podcast feed.   Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Wednesday 11th August. It's  Martyn Lee here and I go through every EV story so you don't have to.   Thank you to MYEV.com for helping make this show, they've built the first marketplace specifically for Electric Vehicles. It's a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too.   TESLA CHINA SHIPMENTS OF LOCALLY MADE CARS PLUNGE IN JULY   "Tesla Inc. shipments of China-made cars to the local market fell sharply last month following a run of negative publicity and the recall of almost every vehicle the company has sold in the country."   - Tesla's domestic sales were the lowest in the last 15 months, Dan Levy, a Credit Suisse analyst, wrote to clients.  In addition Europe, Tesla's China-made cars are being exported to Japan, Australia, New Zealand, Singapore and Hong Kong. The company has said the Shanghai factory has become its primary export hub.   · Original Source : https://www.bloomberg.com/news/articles/2021-08-10/tesla-china-deliveries-of-locally-made-cars-plunge-69-in-july   Tesla sold 32,968 China-made vehicles in July   - Tesla Inc sold 32,968 China-made vehicles in July, including 24,347 for export, the China Passenger Car Association (CPCA) said on Tuesday.   - Local sales of China-made vehicles plunged 69% to 8,621 cars from 28,138 in June. Tesla's sales in the first month of each quarter are usually lower than the following two months.   - China's BYD sold 50,387 electric vehicles last month, while General Motors Co's China joint venture with SAIC Motor delivered 27,347 units.   Original Source : https://finance.yahoo.com/news/1-tesla-sold-32-968-082047193.html   Tesla sales crash in China as buyers choose domestic models over Elon Musk's models   - Sales of Tesla cars plunged sharply in China last month, following a string of scandals and concerns over privacy in the world's most populous country.   - The decline came despite a 164% jump in overall wholesale deliveries of new energy vehicles in China - which includes electric, hybrid and hydrogen fuel cell cars - to 271,000 cars.   - The figures suggested that while Chinese consumers remain eager to buy alternative energy vehicles, they are increasingly opting for local rather than western brands.   Original Source : https://www.standard.co.uk/business/technology-media/tesla-sales-fall-in-china-for-elon-musk-b950175.html   TESLA FILES TO PRODUCE 5 MORE VERSIONS OF MODEL Y AT GIGAFACTORY SHANGHAI   - Five more versions of the Model Y electric SUV at Gigafactory Shanghai. Some of those variants are expected to be exported to other markets that will get the electric SUV for the first time.   - There appears to be 2 Model Y Standard Range versions – one with a domestically produced motor and one with an imported motor.   - The fact that Tesla is applying to produce two versions of the Model Y Standard Range in China could mean that one of them is going to be exported to other markets.   - Among the new Model Y versions that Tesla is applying to produce in China, there are also a new Model Y Long Range RWD, Model Y Long Range Dual Motor, and a new Model Y Performance. The most surprising is the Model Y Long Range RWD since it's not something Tesla is currently offering on the online configurator for the electric SUV in China.   Original Source : https://electrek.co/2021/08/11/tesla-files-produce-5-model-y-versions-gigafactory-shanghai-exportations/   XPENG'S P5 ELECTRIC CAR CAN NOW READ TRAFFIC LIGHTS   - Xpeng Motors, which beat Tesla last week in a JD Power survey of electric cars, has been testing its autonomous driving system with a new capability to read traffic conditions, underscoring its push to outsmart the brand that is considered the benchmark in new-energy vehicles.   - Navigation Guided Pilot (NGP) highway solutions, now available on Xpeng's P7 sedan, will be expanded to cover city-level scenarios for the new P5 sedan, where two of six versions equipped with LIDAR. The NGP includes features that give a real-time readout of traffic lights across China's urban cities, according to a video circulated on China's social media.   - the P5 made two automatic lane changes with voice-over assistance and merged into the left lane. The vehicle was then able to recognise the green light at an intersection, passing through it before the light turned red, in a demonstration of the vehicle's 32 perception sensors in action.   - Xpeng priced P5's price at between 160,000 yuan and 230,000 yuan (US$35,460) to attract budget-conscious customers last month, soon after Tesla unveiled a cheaper version of its Model Y sports-utility vehicle that was 20 per cent cheaper than its extended-range version.   Original Source : https://www.scmp.com/business/companies/article/3144695/chinas-ev-war-xpengs-p5-electric-car-can-now-read-traffic-lights   CHINA: WULING HONG GUANG MINI EV CRUISES AT 30,000 SALES A MONTH   - China's best-selling electric vehicle for nearly a year, the Wuling Hong Guang MINI EV, continues to cruise at around 30,000 sales a month. In July, sales of this entry-level EV amounted to 30,706 according to Chinese media, which probably means that the company is constrained on the production line level.   - The key factor that allows the company to achieve such high sales levels is the price of about $4,700.   - 120 km (75 miles) of range using 9.3 kWh battery 170 km (106 miles) of range using 13.9 kWh battery   - top speed of 100 km/h (62 mph) with electric motor: 20 kW   Original Source : https://insideevs.com/news/525542/china-wuling-hongguang-sales-july2021   NIO INC. PROVIDES JULY 2021 DELIVERY UPDATE −   - NIO delivered 7,931 vehicles in July 2021, representing a strong 124.5% year-over-year growth. The deliveries consisted of 1,702 NIO ES8s, the Company's six-seater or seven-seater flagship premium smart electric SUV, 3,669 NIO ES6s, the Company's five-seater high-performance premium smart electric SUV, and 2,560 NIO EC6s, the Company's five-seater premium smart electric coupe SUV.   Original Source : https://evobsession.com/nio-inc-provides-july-2021-delivery-update/   MERCEDES-BENZ CONFIRMS THE ELECTRIC EQS WILL COST OVER $100,000   - Mercedes-Benz has confirmed that the EQS sedan, its flagship electric vehicle, will cost at least $100,000, as it began taking orders in Germany on Tuesday. The base model, which has a 90kWh battery pack and uses a single electric motor to power the rear wheels, starts at €106,374.10 — roughly $124,000. The more expensive dual-motor, all-wheel drive variant features a 107.8kWh battery pack and will start at €135,529.10 — or nearly $159,000.   - For €89 per month (after a year free, of course), EQS owners will get the privilege of playing Tetris, Sudoku, and other mini-games on the massive “hyperscreen” in the dashboard, among other features.   Original Source : https://www.theverge.com/2021/8/10/22618661/mercedes-benz-eqs-price-sale-germany-orders-over-the-air   TESLA UPDATES OWNERS REGARDING MODEL S DELIVERY TIMEFRAMES   - Tesla has updated several owners about the potential delivery timeframes of the Model S sedan. Some owners received updates regarding the delivery dates, and others received a memo from Tesla clarifying disappearing delivery timeframes.   - We finally have an updated estimated delivery date for our Long Range Model S. After briefly showing August twice, our estimate disappeared – now reappearing with a more clear October 31 – November 20 timeline. We're still hoping to get our car before then but what can you do?   Original Source : https://www.teslarati.com/tesla-model-s-delivery-timeframe-update/   LG ENERGY SOLUTION'S  'BATTERY INNOVATION CONTEST'   - LG Energy Solution is opening up a battery competition to public by hosting an international battery contest. Through the event, LG Energy Solution aims to spur active research within the battery industry. The event is open for entry from August 9th until the end of September.   - Although open to various themes, some of the anticipated topics may evolve around super safe battery, long life cycle, low cost, solid-state electrolyte and next-generation battery.   - Nominated universities and research institutions will be granted with up to USD $150,000 of research and development expenses annually, as well as opportunities to exchange technologies by dispatching researchers from LG Energy Solution for at least a year.   Original Source : https://www.prnewswire.com/news-releases/lg-energy-solution-spurs-growth-in-battery-industry-by-hosting-battery-innovation-contest-301350613.html   UK: THIRD OF DRIVERS UNDECIDED OVER PETROL, DIESEL OR ELECTRIC POWER   Original Source : https://uk.motor1.com/news/524664/drivers-undecided-petrol-diesel-electric   GAS STATIONS FACE TOUGH, COSTLY CHOICE ON EV CHARGERS    Original Source : https://www.wsj.com/articles/gas-stations-face-tough-costly-choice-on-ev-chargers-11628600400   UNITED KINGDOM'S ELECTRIC VEHICLE PLANS COULD BE A BLUEPRINT FOR THE U.S.    Original Source : https://energynews.us/2021/08/10/commentary-the-united-kingdoms-electric-vehicle-plans-could-be-a-blueprint-for-the-u-s/   LETTER: PUT A HEAVY TAX ON GAS CARS. THEN THE EV MARKET WILL THRIVE   https://www.latimes.com/opinion/story/2021-08-10/put-a-heavy-tax-on-gas-cars-evs     QUESTION OF THE WEEK WITH EMOBILITYNORWAY.COM   On a scale of 1-10, where does ‘environment' rank for the reason you're interested in EVs?   Email me your thoughts and I'll read them out on Sunday – hello@evnewsdaily.com   It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast.   And  if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing.   Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, I'll catch you tomorrow and remember…there's no such thing as a self-charging hybrid.   PREMIUM PARTNERS PHIL ROBERTS / ELECTRIC FUTURE BRAD CROSBY PORSCHE OF THE VILLAGE CINCINNATI AUDI CINCINNATI EAST VOLVO CARS CINCINNATI EAST NATIONAL CAR CHARGING ON THE US MAINLAND AND ALOHA CHARGE IN HAWAII DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL RICHARD AT RSEV.CO.UK – FOR BUYING AND SELLING EVS IN THE UK EMOBILITYNORWAY.COM/ 

US equity markets retreated despite another round of solid corporate earnings releases as investors continued to eye fresh COVID-19 impacts and slowing growth in China - Dow added +54-points or +0.15% . The broader S&P500 eased -0.33%, with Energy (down -1.41%) the worst performing primary sector for a second consecutive session. Utilities (up +1.2%) sat atop the primary sector leaderboard. General Motors Co (down -1.81%) announced that its Lansing Delta Township Assembly plant in Michigan and Spring Hill Assembly plant in Tennessee would take downtime from July 19 through July 26.The Nasdaq fell -0.70%. The small capitalisation Russell 2000 fell -0.55%. Moderna Inc rallied over >5% in the extended session after S&P Dow Jones Indices confirmed that the biotechnology company would be added to the S&P500 index at the opening of trading on 21 July, replacing Alexion Pharmaceuticals Inc (down -3.27%).

US equity markets retreated despite another round of solid corporate earnings releases as investors continued to eye fresh COVID-19 impacts and slowing growth in China - Dow added +54-points or +0.15% . The broader S&P500 eased -0.33%, with Energy (down -1.41%) the worst performing primary sector for a second consecutive session. Utilities (up +1.2%) sat atop the primary sector leaderboard. General Motors Co (down -1.81%) announced that its Lansing Delta Township Assembly plant in Michigan and Spring Hill Assembly plant in Tennessee would take downtime from July 19 through July 26.The Nasdaq fell -0.70%. The small capitalisation Russell 2000 fell -0.55%. Moderna Inc rallied over >5% in the extended session after S&P Dow Jones Indices confirmed that the biotechnology company would be added to the S&P500 index at the opening of trading on 21 July, replacing Alexion Pharmaceuticals Inc (down -3.27%).

US equity markets retreated but settled off their worst levels of the session as investors digested the Federal Reserve's latest monetary policy pronouncements that saw the central bank raise its headline inflation projection - Dow fell -266-points or -0.77% , dropping as much as -382-points or -1.1% earlier in the session and booking a third straight session decline. The broader S&P500 shed -0.54%, paring an earlier decline of as much as -1%. Utilities (down -1.49%), Consumer Staples (-1.24%) and Materials (-1.17%) all fell over >1% to lead ten of the eleven primary sectors lower. Consumer Discretionary (up +0.16%) was the only primary sector to advance. Oracle Corp fell -5.59% following the release of their fourth quarter result after the closing bell of the previous session. General Motors Co (up +1.56%) expects the ongoing semiconductor chip shortage and rising inflation to increase its expenses during the second half of the year by up to US$3B, according to Chief Financial Officer (CFO) Paul Jacobson The Nasdaq eased -0.24%, recovering from an earlier slide of as much as -1.2%. The small capitalisation Russell 2000 lost -0.23%.

US equity markets retreated but settled off their worst levels of the session as investors digested the Federal Reserve's latest monetary policy pronouncements that saw the central bank raise its headline inflation projection - Dow fell -266-points or -0.77% , dropping as much as -382-points or -1.1% earlier in the session and booking a third straight session decline. The broader S&P500 shed -0.54%, paring an earlier decline of as much as -1%. Utilities (down -1.49%), Consumer Staples (-1.24%) and Materials (-1.17%) all fell over >1% to lead ten of the eleven primary sectors lower. Consumer Discretionary (up +0.16%) was the only primary sector to advance. Oracle Corp fell -5.59% following the release of their fourth quarter result after the closing bell of the previous session. General Motors Co (up +1.56%) expects the ongoing semiconductor chip shortage and rising inflation to increase its expenses during the second half of the year by up to US$3B, according to Chief Financial Officer (CFO) Paul Jacobson The Nasdaq eased -0.24%, recovering from an earlier slide of as much as -1.2%. The small capitalisation Russell 2000 lost -0.23%.

General Motors Co Q1 2021 Earnings Call --- Send in a voice message: https://anchor.fm/earningspodcast/message Support this podcast: https://anchor.fm/earningspodcast/support

Research analyst Varun Gupta, CFA, discusses Google's history in the autonomous vehicle space and how they're testing technology in real-life settings today. As of April 30, 2021, Diamond Hill owned shares of General Motors Co., BlackBerry Ltd. and Alphabet, Inc. - Class A. The views expressed are those of the speakers as of May 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.

Research analyst Chris Piel, CFA, discusses BlackBerry’s evolution from smartphone manufacturer to leader in secure communications systems and automotive technology that’s paving the way for autonomous vehicles. As of March 31, 2021, Diamond Hill owned shares of BlackBerry Ltd. (long), General Motors Co. (long), Alphabet, Inc. - Class A (long), Baidu, Inc.(long) and Tesla Inc. (short).  As of January 31, 2021, Diamond Hill owned debt in General Motors Financial Co., Inc., Apple, Inc. and Tesla Auto Lease Trust. The views expressed are those of Diamond Hill as of April 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.

US equity markets retreated, fading in the closing hour of trading amid a fresh sell off for technology stocks – Dow dipped -3-points or -0.01%, paring an earlier climb of ~370-points. The broader S&P500 lost -0.55%, fading in the final hour of trading for a sixth straight session and unwinding an earlier gain of ~0.8%. Communication Services (down -1.66%), Consumer Discretionary (-1.52%) and Information Technology (-1.21%) all fell over >1% to be the worst performing primary sectors. The Energy sector (up +2.52%) comfortably led the upside, with Chevron Corp up +2.68% and Exxon Mobil Corp +2.03%. General Motors Co (down -0.62%) extended production cuts in North America due to a worldwide semiconductor chip shortage. Shares of cruise operators fell to session lows after Centers for Disease Control and Prevention said the sailing order limiting cruises will stay in place until 1 November. Norwegian Cruise Line Holdings Ltd dropped -4.9% following the news, while Royal Caribbean Cruises Ltd and Carnival Corp fell -2.77% and -1.89%, respectively. The Nasdaq dropped -2.01%, with Apple Inc (down -2.0%), Facebook Inc (-2.92%) and Netflix Inc (-2.67%) all slid more than >2%. The small capitalisation Russell 2000 index fell for a third straight session, down -2.40%.

Research analyst Brian Bath, CFA, provides an update on autonomous vehicles, where we are in the evolution of the industry, and how General Motors and others are helping pave the way. As of February 28, 2021, Diamond Hill owned shares of BlackBerry Ltd. (long), General Motors Co. (long), Alphabet, Inc. – Class A (long) and Tesla, Inc. (short). As of December 31, 2020, Diamond Hill owned debt in Tesla, Inc. and Ford Motor Co. The views expressed are those of Diamond Hill as of March 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.

US equity markets retreated, fading in the closing hour of trading amid a fresh sell off for technology stocks – Dow dipped -3-points or -0.01%, paring an earlier climb of ~370-points. The broader S&P500 lost -0.55%, fading in the final hour of trading for a sixth straight session and unwinding an earlier gain of ~0.8%. Communication Services (down -1.66%), Consumer Discretionary (-1.52%) and Information Technology (-1.21%) all fell over >1% to be the worst performing primary sectors. The Energy sector (up +2.52%) comfortably led the upside, with Chevron Corp up +2.68% and Exxon Mobil Corp +2.03%. General Motors Co (down -0.62%) extended production cuts in North America due to a worldwide semiconductor chip shortage. Shares of cruise operators fell to session lows after Centers for Disease Control and Prevention said the sailing order limiting cruises will stay in place until 1 November. Norwegian Cruise Line Holdings Ltd dropped -4.9% following the news, while Royal Caribbean Cruises Ltd and Carnival Corp fell -2.77% and -1.89%, respectively. The Nasdaq dropped -2.01%, with Apple Inc (down -2.0%), Facebook Inc (-2.92%) and Netflix Inc (-2.67%) all slid more than >2%. The small capitalisation Russell 2000 index fell for a third straight session, down -2.40%.

General Motors Co Q4 2020 Earnings Call --- Send in a voice message: https://anchor.fm/earningspodcast/message Support this podcast: https://anchor.fm/earningspodcast/support

General Motors Co and labor union Unifor said on Friday they have reached a tentative deal for the automaker to invest nearly C$1 billion ($785.42 million) in its CAMI Assembly Plant in Ingersoll, Ontario, to manufacture commercial electric vans. Under the tentative deal, which is yet to be ratified by the union workers, GM has agreed to begin large-scale commercial production of EV600, an electric van, at its CAMI plant, Unifor said in a statement. GUEST: Jerry Dias, Unifor National President See omnystudio.com/listener for privacy information.

The U.S. Federal Communications Commission voted Nov. 18 to redeploy airwaves assigned 21 years ago for a vehicle safety system that hasn't come to fruition, rejecting carmakers' efforts to hold onto the frequencies. With its vote, FCC opened the way for billions of Wi-Fi devices to use frequencies once destined for a safety system to be used by vehicles linked to roadside gadgets. The change follows years of lobbying by carmakers such as Ford Motor Co. and General Motors Co. to retain their exclusive hold on the rich airwaves swath. Among the stakeholders that were pushing back on FCC's proposal were transportation leaders on Capitol Hill and the American Association of State Highway and Transportation Officials.

This week Tesla stock collapsed along with the market and then recovered back up again. Cryptocurrencies are observed closely by the European Commision. The EC wants to disallow their operation in the European Union until legal, regulatory & oversight challenges have been addressed. Electric automaker Nikola Corp jumped 40% on Tuesday to $50.00 a share, after General Motors Co said it was acquiring an 11% stake in the company. As part of a deal that will give GM a $2B investment it [...] The post Recap September 13: Tesla stock collapses & recovers – Cryptos illegal in Europe (Recap Ep088) appeared first on Investing & Day Trading Education: Day Trading Academy.

On today’s podcast:   General Motors To Engineer, Produce and Supply Parts For Nikola Badger Tesla completes $5 billion stock sale Model 3 sales in China spike 7% in August VW CEO Drives The Tesla Model Y VW confirms ID.4 towing capacity VW ID.6 SUV spied testing Audi Q4 E-Tron spotted testing BYD Starts Operations at its Lithium Iron Phosphate Battery Factory in Brazil Jeep plans to build solar-powered chargers on off-road trails GM Bolt Deal For Uber Drivers Lewis Hamilton to enter his own Extreme E race team   Show #885   Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Wednesday 9th September 2020. It’s Martyn Lee here and I go through every EV story so you don't have to.   Thank you to MYEV.com for helping make this show, they’ve built the first marketplace specifically for Electric Vehicles. It’s a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too.   GENERAL MOTORS TO ENGINEER, PRODUCE AND SUPPLY PARTS FOR NIKOLA BADGER Nikola Corporation (NASDAQ: NKLA) and General Motors Co. (NYSE: GM) today announced a strategic partnership that begins with the Nikola Badger and carries cost reductions through Nikola’s programs, including: Nikola Badger, Nikola Tre, Nikola One, Nikola Two and NZT. As part of the agreement, Nikola will utilize General Motors’ Ultium battery system and Hydrotec fuel cell technology, representing a key commercialization milestone for General Motors. General Motors will engineer, homologate, validate and manufacture the Nikola Badger battery electric and fuel cell versions. The agreement with Nikola extends General Motors’ utilization of its fuel cell technology to the Class 7/8 semi-truck market and represents a high-volume commercialization of its leading Hydrotec fuel cell system and complements the company’s battery-electric propulsion. Fuel cells will become increasingly important to the semi-truck market because they are more efficient than gas or diesel. General Motors sees additional growth opportunities in multiple transportation, stationary and mobile-power end markets. General Motors’ battery development work is ongoing. Its Ultium battery technology roadmap includes silicon anodes and lithium metal anodes, which will improve vehicle range, affordability, and reduced dependence on rare and costly metals. It is already demonstrating automotive-grade durability and significantly higher energy density. Nikola will be responsible for the sales and marketing for the Badger and will retain the Nikola Badger brand.   General Motors to receive $2 billion equity stake in Nikola in exchange for certain in-kind contributions General Motors to engineer, validate, homologate and build the Nikola Badger for both the battery electric vehicle and fuel cell electric vehicle variants as part of the in-kind services Nikola anticipates saving over $4 billion in battery and powertrain costs over 10 years and over $1 billion in engineering and validation costs General Motors expects to receive in excess of $4 billion of benefits between the equity value of the shares, contract manufacturing of the Badger, supply contracts for batteries and fuel cells, and EV credits retained over the life of the contract General Motors to be exclusive supplier of fuel cells globally (outside of Europe) to Nikola for Class 7/8 trucks, providing validation and scale in a multi-billion dollar total addressable market Badger is anticipated to enter production by year-end 2022   https://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2020/sep/0908-gen2fcs.html   TESLA QUICKLY COMPLETES $5 BILLION STOCK SALE "A week ago, Tesla announced it would sell $5 billion worth of stock at market prices "from time to time." Tuesday it announced it had completed that sale as of Friday." says CNN BUsiness: "The exact number of shares sold, and thus the average price of each sale, was not disclosed. Tesla shares have fallen sharply in the recent sell-off of tech stocks. Shares reached a split-adjusted record high close of $498.32 on August 31, but have lost 16% of their value since then through Friday's close. And shares were down another 11% in pre-market trading even before the Tuesday's filing."   As of recording, Tesla was down 21% to $330.71   https://edition.cnn.com/2020/09/08/business/tesla-stock-sale/index.html   TESLA MODEL 3 SALES IN CHINA SPIKE 7% IN AUGUST "Tesla Model 3 sales in China spiked 7% in August compared to July. Tesla’s most affordable all-electric sedan sold 11,811 units last month, compared to 11,014 vehicles in July." reports Teslarati: "Tesla’s sale of the Model 3 has significantly contributed to the electric vehicle market in China. According to the EV Sales Blog, Tesla’s sales figures through July accounted for more than 13% of the total Chinese EV market share. According to the Wall Street Journal, new-energy vehicle sales have surged 43.7% in August compared to the same month in 2019. Tesla has sold nearly 71,000 Model 3 sedans in China in 2020, making it the most popular EV in the country by a considerable margin. Tesla has taken advantage of the government subsidies that are offered by adjusting the prices of its Standard Range+ Model 3."   https://www.teslarati.com/tesla-model-3-china-sales-august-2020/   VW CEO HERBERT DIESS TEST DRIVES THE TESLA MODEL Y "You've likely already heard that Tesla CEO Elon Musk met with Volkswagen boss Herbert Diess during a recent trip to Germany. We learned rather quickly that Musk got to test drive the all-electric VW ID.3 on the airport runway. He also got to check out the upcoming ID.4." says InsideEVs: "Diess shared that he also got to drive the Tesla Model Y, which he calls a reference for Volkswagen in many ways.  Diess went on to say that the Model Y, much like the ID.3, has a major advantage since it's built as an EV from the ground up. Unlike other automakers, Tesla and VW aren't building electric vehicles on an ICE platform, though VW did in the past. Diess says other automakers won't be able to produce the best EVs if they continue to rely on gas-car platforms."   https://www.linkedin.com/posts/herbertdiess_we-are-ready-for-take-off-activity-6708652868141907968-QIIh/   VW CONFIRMS ID.4 TOWING CAPACITY, SHOWS UTILITY PERFORMANCE IN NEW VIDEO "VW has confirmed the upcoming ID.4 electric SUV’s towing capacity in a new video showing the utility performance of the vehicle. Over the last month, VW has been hyping the launch of the ID.4 electric SUV by gradually releasing more information about the vehicle. Most recently, we got our first look at the ID.4’s interior and VW started production in Germany." says electrek: "Now the German automaker is out with a new video of the ID.4 electric SUV showcasing its utility capacity with different maneuvers — including towing a trailer.The automaker confirmed that the electric SUV is going to have a towing capacity of up to 1,900 kg (4,200 lbs), which is reasonable for an SUV of this size."   https://electrek.co/2020/09/07/vw-id4-towing-capacity-utility-performance-video/   PURE-ELECTRIC VOLKSWAGEN ID.6 SUV SPIED TESTING IN THE ALPS "Our spy photographers have snapped a near-production ready version of the pure-electric Volkswagen ID.6 SUV, ahead of its expected Chinese-market release next year. There’s still no official word yet on whether the new model will be sold in Europe – but the fact that this test mule was spotted undergoing development in the Alps could mean it’s more likely." writes Luke Wilkinson for AutoExpress: "The ID.6 will also adopt the same “face” as the rest of Volkswagen’s pure-electric ID. range, with similar headlamps and C-shaped grille surrounds. The rear of the vehicle looks almost identical to the imminent ID.4 SUV – albeit scaled up to luxury SUV proportions. Volkswagen has used a similar lighting design and tailgate layout, while the rear spoiler appears to be a larger facsimile of its smaller sibling’s. There’s no official word on range for the flagship model yet, but the ID. Roomzz concept was powered by and 82kWh battery pack, which Volkswagen said offered a range of 280 miles according to the WLTP cycle. A 150kW fast-charging system will also likely be provided"   https://www.autoexpress.co.uk/volkswagen/106589/pure-electric-volkswagen-id6-suv-spied-testing-alps   2021 AUDI Q4 E-TRON SPIED "It hasn't been a week since we've seen the Skoda Enyaq iV – the electric crossover to use Volkswagen's MEB platform dedicated exclusively to zero-emissions vehicles. It's one of the three full-electric SUV siblings in this range to use the platform, the other two being the VW ID.4 and the Audi Q4 E-Tron." says Motor1.com: "the Q4 E-Tron prototypes here are still covered in swirls, though it won't be hard to imagine the production design. Of note, the prototypes seen here seem to inherit the concept version's styling and proportions, sans the huge wheels and bigger side mirrors. It won't be long until we see the Q4 E-Tron completely rid of its wraps since Audi confirmed that it will debut this year together with the E-Tron GT electric sedan."   https://www.motor1.com/news/442884/2021-audi-q4-e-tron-spied/   BYD STARTS OPERATIONS AT ITS LITHIUM IRON PHOSPHATE BATTERY FACTORY IN BRAZIL BYD recently began operations at its third plant in Brazil, which is also the South American country's very first factory for lithium iron phosphate batteries, at the Manaus Industrial Zone (PIM). The manufacturing plant, located in the northern state of Amazonas, is dedicated to the production of lithium iron phosphate (LiFePO4) batteries, and is primarily focused on installing these onto electric bus chassis. With an initial investment of R$15 million (USD 2.7 million), the factory, covering 5,000 square meters, will foster the electric mobility market in Brazil and allow for future expansions if necessary. The new plant has a production capacity of up to 18 thousand battery modules per year, and it is expected to deliver 1,000 battery modules by September this year.   https://www.byd.com/en/news/2020-09-01/BYD-Starts-Operations-at-its-Lithium-Iron-Phosphate-Battery-Factory-in-Brazil     FOR WRANGLER 4XE, JEEP PLANS TO BUILD SOLAR-POWERED CHARGERS ON OFF-ROAD TRAILS "The 2021 Jeep Wrangler 4xe plug-in hybrid combines limited zero-emission driving with rugged off-road capability. But there aren't many places to plug in out in the wilderness. It appears Jeep has thought of that. The automaker plans to build solar-powered charging stations on off-road trails in California and Utah, Jeep North American boss Jim Morrison said in an interview with CNET" says Green Car Reports: "Locations will include Rubicon Springs, the halfway point of the famous Rubicon Trail (which lends its name to a Wrangler trim level), as well as select trails in Moab, Utah, a popular location for off-roading where Jeep enthusiasts host an annual Easter Safari."   https://www.greencarreports.com/news/1129513_for-wrangler-4xe-jeep-plans-to-build-solar-powered-chargers-on-off-road-trails   GM TO UBER DRIVERS: WOULD YOU LIKE A BOLT? "General Motors is partnering with Uber to put more people into electric vehicles.  GM said Tuesday it is offering the ride-sharing company's drivers a discount on the purchase of a new Chevrolet Bolt. The drivers will get employee pricing on the Bolt and 20% off on Bolt charging accessories." according to Detroit Free Press: "The employee discount is available for current eligible Uber drivers in the United States and Canada, GM said.  The Bolt starts at $37,495, including the delivery charge. That means with the employee discount the average Uber driver could see a savings of $2,500-$2,900 off the suggested retail price, depending on the plan chose. GM said its data suggests ride-share drivers will have "significantly lower maintenance costs" when using a Bolt compared with traditional gas-powered vehicles."   https://eu.freep.com/story/money/cars/general-motors/2020/09/08/gm-uber-bolt-electric-vehicles/5745574002/   LEWIS HAMILTON TO ENTER ITS OWN EXTREME E RACE TEAM Six-Time Formula One World Champion, Lewis Hamilton today the creation of his very own race team, X44, which will make its debut in Extreme E, the groundbreaking new electric off-road racing series.   Named with reference to Lewis’s own racing number, X44 will enter Season 1 of the Extreme E Championship, with its first X Prix race scheduled to take place in early 2021.   As the team’s founder, he will not be behind the wheel or involved on a day to day basis but he will put the learnings of his motorsport career into practice to help guide the creation of a dedicated and competitive team.       You can listen to all 885 previous episodes of this this for free, where you get your podcasts from, plus the blog https://www.evnewsdaily.com/ – remember to subscribe, which means you don’t have to think about downloading the show each day, plus you get it first and free and automatically.   It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast.   And  if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing.   Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, I’ll catch you tomorrow and remember…there’s no such thing as a self-charging hybrid.     PHIL ROBERTS / ELECTRIC FUTURE (PREMIUM PARTNER) BRAD CROSBY (PREMIUM PARTNER) AVID TECHNOLOGY (PREMIUM PARTNER) PORSCHE OF THE VILLAGE CINCINNATI (PREMIUM PARTNER) AUDI CINCINNATI EAST (PREMIUM PARTNER) VOLVO CARS CINCINNATI EAST (PREMIUM PARTNER) NATIONALCARCHARGING.COM and ALOHACHARGE.COM  (PREMIUM PARTNER) DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL (PREMIUM PARTNER)   DAVID AND LISA ALLEN (PARTNER) OEM AUDIO OF NEW ZEALAND AND EVPOWER.CO.NZ (PARTNER) GARETH HAMER eMOBILITY NORWAY HTTPS://WWW.EMOBILITYNORWAY.COM/  (PARTNER) BOB BOOTHBY – MILLBROOK COTTAGES AND ELOPEMENT WEDDING VENUE (PARTNER) DARIN MCLESKEY (PARTNER) JUKKA KUKONEN FROM WWW.SHIFT2ELECTRIC.COM   ALAN ROBSON (EXECUTIVE PRODUCER) ALAN SHEDD (EXECUTIVE PRODUCER) ALEX BANAHENE (EXECUTIVE PRODUCER) ALEXANDER FRANK @ https://www.youtube.com/c/alexsuniverse42 ANDERS HOVE (EXECUTIVE PRODUCER) ANDREA JEFFERSON (EXECUTIVE PRODUCER) ASEER KHALID (EXECUTIVE PRODUCER) ASHLEY HILL (EXECUTIVE PRODUCER) BÅRD FJUKSTAD (EXECUTIVE PRODUCER) BRENT KINGSFORD (EXECUTIVE PRODUCER) BRIAN THOMPSON (EXECUTIVE PRODUCER) BRUCE BOHANNAN (EXECUTIVE PRODUCER) CHARLES HALL (EXECUTIVE PRODUCER) CHRIS HOPKINS (EXECUTIVE PRODUCER) COLIN HENNESSY AND CAMBSEV (EXECUTIVE PRODUCER) CRAIG COLES (EXECUTIVE PRODUCER) CRAIG ROGERS (EXECUTIVE PRODUCER) DAMIEN DAVIS (EXECUTIVE PRODUCER) DARREN FEATCH (EXECUTIVE PRODUCER) DAVE DEWSON (EXECUTIVE PRODUCER) DAVID FINCH (EXECUTIVE PRODUCER) DAVID MOORE (EXECUTIVE PRODUCER) DAVID PARTINGTON (EXECUTIVE PRODUCER) DAVID PRESCOTT (EXECUTIVE PRODUCER) DON MCALLISTER / SCREENCASTSONLINE.COM (EXECUTIVE PRODUCER) ERU KYEYUNE-NYOMBI (EXECUTIVE PRODUCER) FREDRIK ROVIK (EXECUTIVE PRODUCER) GENE RUBIN (EXECUTIVE PRODUCER) GILBERTO ROSADO (EXECUTIVE PRODUCER) GEOFF LOWE (EXECUTIVE PRODUCER) HEDLEY WRIGHT (EXECUTIVE PRODUCER) IAN GRIFFITHS (EXECUTIVE PRODUCER) IAN SEAR (EXECUTIVE PRODUCER) IAN (WATTIE) WATKINS (EXECUTIVE PRODUCER) JACK OAKLEY (EXECUTIVE PRODUCER) JAMES STORR (EXECUTIVE PRODUCER) JIM MORRIS (EXECUTIVE PRODICERS) JOHN C SOLAR (EXECUTIVE PRODUCER) JON AKA BEARDY MCBEARDFACE FROM KENT EVS (EXECUTIVE PRODUCER) JON MANCHAK (EXECUTIVE PRODUCER) JUAN GONZALEZ (EXECUTIVE PRODUCER) KEN MORRIS (EXECUTIVE PRODUCER) KEVIN MEYERSON (EXECUTIVE PRODUCER) KYLE MAHAN (EXECUTIVE PRODUCER) LARS DAHLAGER (EXECUTIVE PRODUCER) LAURENCE D ALLEN (EXECUTIVE PRODUCER) LEE BROWN (EXECUTIVE PRODUCER) LUKE CULLEY (EXECUTIVE PRODUCER) MARCEL WARD (EXECUTIVE PRODUCER) MARK BOSSERT (EXECUTIVE PRODUCER) MARTY YOUNG  (EXECUTIVE PRODUCER) MATT PISCIONE (EXECUTIVE PRODUCER) MIA OPPELSTRUP (PARTNER) MICHAEL PASTRONE (EXECUTIVE PRODUCER) MIKE WINTER (EXECUTIVE PRODUCER) NATHAN GORE-BROWN (EXECUTIVE PRODUCER) NEIL E ROBERTS FROM SUSSEX EVS (EXECUTIVE PRODUCER) NIGEL MILES (EXECUTIVE PRODUCER) OHAD ASTON (EXECUTIVE PRODUCER) PAUL RIDINGS (EXECUTIVE PRODUCER)               PAUL STEPHENSON (EXECUTIVE PRODUCER) PETE GLASS (EXECUTIVE PRODUCER) PETE GORTON (EXECUTIVE PRODUCER) PETER & DEE ROBERTS FROM OXON EVS (EXECUTIVE PRODUCER)  PHIL MOUCHET (EXECUTIVE PRODUCER) PHILIP TRAUTMAN (EXECUTIVE PRODUCER) RAJ BADWAL (EXECUTIVE PRODUCER) RAJEEV NARAYAN (EXECUTIVE PRODUCER) RENE KEEMIK (EXECUTIVE PRODUCER) RENÉ SCHNEIDER (EXECUTIVE PRODUCER) RICHARD LUPINSKY (EXECUTIVE PRODUCER) ROB HERMANS (EXECUTIVE PRODUCER) ROB FROM THE RSTHINKS EV CHANNEL ON YOUTUBE (EXECUTIVE PRODUCER) RUPERT MITCHELL (EXECUTIVE PRODUCER) SEIKI PAYNE (EXECUTIVE PRODUCER) STEPHEN PENN (EXECUTIVE PRODUCER) STEVE JOHN (EXECUTIVE PRODUCER) THOMAS J. THIAS  (EXECUTIVE PRODUCER) TODD OAKES (EXECUTIVE PRODUCER) THE PLUGSEEKER – EV YOUTUBE CHANNEL (EXECUTIVE PRODUCER) TIM GUTTERIDGE (EXECUTIVE PRODUCER) WILLIAM LANGHORNE (EXECUTIVE PRODUCER)     CONNECT WITH ME! EVne.ws/itunes EVne.ws/tunein EVne.ws/googleplay EVne.ws/stitcher EVne.ws/youtube EVne.ws/iheart EVne.ws/blog EVne.ws/patreon   Check out MYEV.com for more details: https://www.myev.com

Show #859   Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Wednesday 5th August 2020. It’s Martyn Lee here and I go through every EV story so you don't have to.   Thank you to MYEV.com for helping make this show, they’ve built the first marketplace specifically for Electric Vehicles. It’s a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too.   LEXUS UX 300E ORDER LAUNCH IN NORWAY "With the reservation start for the Lexus UX 300e in Norway, we now have a first idea of the prices of the first BEV series model of the Toyota subsidiary. Prices will start at the equivalent of around 38,000 euros." writes electrive: "The Lexus UX 300e will be available in Norway in three different versions (Comfort, Premium and Luxury), with the basic Comfort version having a list price of 410,120 kroner, which is equivalent to around 38,000 euros. The “Premium” version costs 449,800 kroner (41,900 euros), while Lexus has priced in the ‘Luxury’ version at 495,800 kroner (46,200 euros). In Norway, electric cars are exempt from VAT and the new car tax. The prices are therefore not transferable to other European markets.  On the Norwegian website, Lexus states the range of the electric SUV as “at least” 300 kilometres according to WLTP,  deliveries are to start in the fourth quarter of 2020."   In Norway the Model 3 SR+ is 431,000kr for 409km.   https://www.electrive.com/2020/08/04/lexus-ux-300e-order-launch-in-norway/   CADILLAC TO UNVEIL THE LYRIQ, ITS FIRST ALL-ELECTRIC MODEL "On Thursday night, General Motors' luxury Cadillac unit will unveil the Lyriq, a crossover that marks Cadillac's first foray into all-electric models. The Lyriq will also be GM's first electric vehicle that uses the automaker's new Ultium battery system." says AXIOS: " Edmunds analyst Jessica Caldwell, in comments circulated to reporters, says it will be a "challenging launch for Cadillac" — a brand she said has been trying for years to boost its image. "Although other aspirational luxury brands have already taken a pass at the [electric vehicle] space with electric SUV variants, no other automaker besides Tesla has tasted the joy of success in terms of sales and demand," she said. "If Cadillac does it right and can get consumers to view the Lyriq as competitive with Tesla and other European luxury brands, this could help give the brand a push in the right direction."   https://www.axios.com/cadillac-lyriq-electric-vehicles-gm-9f5e4c4a-cdf8-42fd-ba48-10bcaa2e2231.html   LG CHEM BECOMES NO. 1 EV BATTERY SUPPLIER IN H1 "LG Chem ...became the largest supplier of electric vehicle (EV) batteries in the first half of the year, data showed Monday. Based on the global usage of EV batteries, LG Chem’s market share stood at 24.6 percent in the January-June period, up from 10.4 percent from a year earlier, according to market tracker SNE Research." says Korea Biz Wire: "The data showed that 10.5 gigawatt-hours (GWh) of LG Chem’s EV batteries were used in the first half of this year, compared with 5.7 GWh from a year earlier. SNE Research attributed the hike to robust sales of the Tesla Model 3, the Renault Zoe EV and the Audi e-tron EV, which are all powered by LG Chem’s EV batteries.  China’s CATL came in second in the first half of the year with a 23.5 percent market share, down slightly from 25.1 percent from a year earlier. Meanwhile, two other South Korean EV battery makers — Samsung SDI Co. and SK Innovation Co. — came in fourth and sixth place with a 6 percent market share and a 3.9 percent one, respectively."   http://koreabizwire.com/lg-chem-becomes-no-1-ev-battery-supplier-in-h1/166278   BYD BRINGS ITS PREMIUM HAN EV TO EUROPE BYD has brought its highly-anticipated premium sedan, the Han EV, to a roadshow in Stuttgart, Germany. The Han EV will serve as a new window for European consumers to experience Chinese-made automobiles from a new perspective. The Han EV is the first mass-produced model equipped with BYD’s new Blade Battery, a groundbreaking technology that reflects the company’s research and development capabilities and its goal of redefining safety standards for the entire industry. The Blade Battery utilizes singular cells that are arranged together in an array and are then inserted into a battery pack, increasing space utilization by over 50 percent compared to conventional batteries. The Han’s long-range version has an NEDC-certified cruising range of 605 kilometers (376 miles).   0-100 km/h (62 mph) in just 3.9 seconds. Han EV is also equipped with DiPilot, BYD’s smart driving assistant system. As one of the major subsystems of DiPilot, the DiDAS driving assistant qualifies for Level 2.5 of the SAE autonomous driving standard.   ALIBABA HIKES STAKE IN XPENG BEFORE EV MAKER'S IPO "Chinese electric-vehicle startup Xpeng Motors is raising more funds from Alibaba Group Holding and other investors ahead of its planned initial public offering in New York, according to people familiar with the matter." says Automotive News Europe: "Qatar Investment Authority also is one of the backers putting in another $300 million total in Xpeng, said the people, asking not to be identified because the matter is private. That expands Xpeng’s pre-IPO funding round announced last month to $800 million. The increased funding reflects investor demand, one of the people said."   https://www.autonews.com/china/alibaba-hikes-stake-xpeng-ev-makers-ipo   GERMANY SEES RECORD NUMBER OF REQUESTS FOR PURCHASE BONUS FOR ELECTRIC CARS IN JULY "A total of 19,993 requests for the German government's purchase premium for an electric car or plug-in hybrid were registered in July, more than in any other month since the introduction of a bonus in June 2016, the Ministry for Economic Affairs and Energy announced on Monday. A total of 69,606 requests for the purchase premium had been submitted since the beginning of the year, an increase of 78.6 percent compared with the previous year, according to ministry." reports China.org.cn: "The premium "is effective and pushes forward electric mobility in Germany," said Peter Altmaier, Minister for Economic Affairs and Energy. In order to lower by around 40 percent transport-related emissions from the 1990 levels by the year 2030, the government is seeking to have seven to ten million electric vehicles registered in the country by 2030. Germany's economic stimulus package to mitigate the effects of the COVID-19 crisis also included a premium for electric vehicles. The government decided to double its share of the premium so that fully electric cars now would receive subsidies of up to 9,000 euros (10,053 U.S. dollars) until the end of 2021."   http://www.china.org.cn/world/Off_the_Wire/2020-08/03/content_76342679.htm   TESLA FACTORY CONSTRUCTION ADVANCES EXTREMELY QUICKLY "Seven months ago, a tree plantation covered Tesla’s premises in Brandenburg. Now the skeletons of several factory buildings are already visible. What is certain is that Tesla is not wasting time." writes Berlin Spectator.com: "Neither a global pandemic called Corona could stop or slow down the construction, nor the lack of a construction permit. The latter will not be given to Tesla for now. Until yesterday, a new version of the plans for the factory was accessible to everyone at several locations in Brandenburg and online. Now, objections can be handed in until September 3rd, 2020. Only once this process is completed, the Brandenburg authorities can finally issue a permit. By the time they do, the three factory buildings will have made more headway."   And what if you want to go and have a look? "Security is tight around the premises. Several guards at the sandy road, which is the main access to the site, will approach anyone who sets his or her foot there for a millisecond. Even on the other side of the construction site, where hardly anyone goes, any visitor who does moves around, even outside the fenced area, will be approached by “two American guys who look like agents”, a person who met them told The Berlin Spectator."   https://berlinspectator.com/2020/08/04/brandenburg-tesla-factory-construction-advances-lightning-fast-1/   RALEIGH LAUNCHES ECARGO BIKES "Raleigh’s E-Cargo range will support both individuals and companies by allowing items to be transported between locations with zero emissions. The collection will be available in the UK and Ireland from September. " says TensportXtra: "Congestion in urban areas can make deliveries slow and inefficient for businesses not to mention create vast amounts of avoidable emissions. Raleigh E-Cargo bikes are designed to carry up to 100kg in weight and have a range of up to 75km on one single charge, they are a viable solution to urban and rural delivery services as well as individuals that want to transport items. Added to this, grants are soon to be available as part of Government’s wider programme to decarbonise deliveries set out in their decarbonisation plan. "   https://www.transportxtra.com/publications/local-transport-today/news/66336/raleigh-launches-ecargo-bikes   LORDSTOWN MOTORS JOINS ELECTRIC-VEHICLE RUSH TO STOCK MARKET "Lordstown Motors Corp., the electric-truck startup that stepped in to save a shuttered General Motors Co. factory in Ohio, will be listed on the Nasdaq and gain an infusion of $675 million through a merger with a publicly traded funding vehicle." reports Bloomberg: "The company will trade under the symbol RIDE after the deal with DiamondPeak Holdings, it said in a statement Monday. Lordstown plans to use the proceeds to fund production of its Endurance electric pick-up truck at the former GM plant, which is expected to begin in the second half of next year."   https://news.bloomberglaw.com/mergers-and-antitrust/electric-truck-startup-lordstown-motors-to-merge-list-on-nasdaq   VISION-S CONCEPT EV MAY HIT THE STREETS, SONY IN TOKYO FOR PUBLIC ROAD TESTING "Japanese electronics major Sony set the cat among the pigeons when it unveiled a prototype electric car at CES in January 2020. At the time, it said that the Vision-S electric vehicle was not intended for commercial use, but it turns out that the car might be spotted on the streets after all" says Economic Times: "Sony revealed in a YouTube video that the Vision-S “has arrived in Tokyo for advancing our sensing and audio technologies. The prototype vehicle is also currently under development for public road testing this fiscal year. The prototype EV, Sony said, was developed to showcase its technology to auto manufacturers, and was not an effort on its part to pivot towards EVs. The Vision-S has 33 sensors for autonomous driving and ancillary functions like recognizing people and items, both inside and outside the cabin."   https://economictimes.indiatimes.com/magazines/panache/vision-s-concept-ev-may-hit-the-streets-sony-in-tokyo-for-public-road-testing/articleshow/77343145.cms   You can listen to all 858 previous episodes of this this for free, where you get your podcasts from, plus the blog https://www.evnewsdaily.com/ – remember to subscribe, which means you don’t have to think about downloading the show each day, plus you get it first and free and automatically.   It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast.   And  if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing.   Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, I’ll catch you tomorrow and remember…there’s no such thing as a self-charging hybrid.     PHIL ROBERTS / ELECTRIC FUTURE (PREMIUM PARTNER) BRAD CROSBY (PREMIUM PARTNER) AVID TECHNOLOGY (PREMIUM PARTNER) PORSCHE OF THE VILLAGE CINCINNATI (PREMIUM PARTNER) AUDI CINCINNATI EAST (PREMIUM PARTNER) VOLVO CARS CINCINNATI EAST (PREMIUM PARTNER) NATIONALCARCHARGING.COM and ALOHACHARGE.COM  (PREMIUM PARTNER) DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL (PREMIUM PARTNER)   DAVID AND LISA ALLEN (PARTNER) OEM AUDIO OF NEW ZEALAND AND EVPOWER.CO.NZ (PARTNER) GARETH HAMER eMOBILITY NORWAY HTTPS://WWW.EMOBILITYNORWAY.COM/  (PARTNER) BOB BOOTHBY – MILLBROOK COTTAGES AND ELOPEMENT WEDDING VENUE (PARTNER)   ALAN ROBSON (EXECUTIVE PRODUCER) ALAN SHEDD (EXECUTIVE PRODUCER) ALEX BANAHENE (EXECUTIVE PRODUCER) ALEXANDER FRANK @ https://www.youtube.com/c/alexsuniverse42 ANDERS HOVE (EXECUTIVE PRODUCER) ANDREA JEFFERSON (EXECUTIVE PRODUCER) ASEER KHALID (EXECUTIVE PRODUCER) ASHLEY HILL (EXECUTIVE PRODUCER) BÅRD FJUKSTAD (EXECUTIVE PRODUCER) BRENT KINGSFORD (EXECUTIVE PRODUCER) BRIAN THOMPSON (EXECUTIVE PRODUCER) BRUCE BOHANNAN (EXECUTIVE PRODUCER) CHARLES HALL (EXECUTIVE PRODUCER) CHRIS HOPKINS (EXECUTIVE PRODUCER) COLIN HENNESSY AND CAMBSEV (EXECUTIVE PRODUCER) CRAIG COLES (EXECUTIVE PRODUCER) CRAIG ROGERS (EXECUTIVE PRODUCER) DAMIEN DAVIS (EXECUTIVE PRODUCER) DARREN FEATCH (EXECUTIVE PRODUCER) DAVE DEWSON (EXECUTIVE PRODUCER) DAVID FINCH (EXECUTIVE PRODUCER) DAVID MOORE (EXECUTIVE PRODUCER) DAVID PARTINGTON (EXECUTIVE PRODUCER) DAVID PRESCOTT (EXECUTIVE PRODUCER) DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL (EXECUTIVE PRODUCER) DON MCALLISTER / SCREENCASTSONLINE.COM (EXECUTIVE PRODUCER) ERU KYEYUNE-NYOMBI (EXECUTIVE PRODUCER) FREDRIK ROVIK (EXECUTIVE PRODUCER) GENE RUBIN (EXECUTIVE PRODUCER) GILBERTO ROSADO (EXECUTIVE PRODUCER) GEOFF LOWE (EXECUTIVE PRODUCER) HEDLEY WRIGHT (EXECUTIVE PRODUCER) IAN GRIFFITHS (EXECUTIVE PRODUCER) IAN SEAR (EXECUTIVE PRODUCER) IAN (WATTIE) WATKINS (EXECUTIVE PRODUCER) JACK OAKLEY (EXECUTIVE PRODUCER) JAMES STORR (EXECUTIVE PRODUCER) JIM MORRIS (EXECUTIVE PRODICERS) JOHN C SOLAR (EXECUTIVE PRODUCER) JON AKA BEARDY MCBEARDFACE FROM KENT EVS (EXECUTIVE PRODUCER) JON MANCHAK (EXECUTIVE PRODUCER) JUAN GONZALEZ (EXECUTIVE PRODUCER) KEN MORRIS (EXECUTIVE PRODUCER) KEVIN MEYERSON (EXECUTIVE PRODUCER) KYLE MAHAN (EXECUTIVE PRODUCER) LARS DAHLAGER (EXECUTIVE PRODUCER) LAURENCE D ALLEN (EXECUTIVE PRODUCER) LEE BROWN (EXECUTIVE PRODUCER) LUKE CULLEY (EXECUTIVE PRODUCER) MARCEL WARD (EXECUTIVE PRODUCER) MARK BOSSERT (EXECUTIVE PRODUCER) MARTY YOUNG  (EXECUTIVE PRODUCER) MATT PISCIONE (EXECUTIVE PRODUCER) MIA OPPELSTRUP (PARTNER) MICHAEL PASTRONE (EXECUTIVE PRODUCER) MIKE WINTER (EXECUTIVE PRODUCER) NATHAN GORE-BROWN (EXECUTIVE PRODUCER) NEIL E ROBERTS FROM SUSSEX EVS (EXECUTIVE PRODUCER) NIGEL MILES (EXECUTIVE PRODUCER) OHAD ASTON (EXECUTIVE PRODUCER) PAUL RIDINGS (EXECUTIVE PRODUCER)               PAUL STEPHENSON (EXECUTIVE PRODUCER) PETE GLASS (EXECUTIVE PRODUCER) PETE GORTON (EXECUTIVE PRODUCER) PETER & DEE ROBERTS FROM OXON EVS (EXECUTIVE PRODUCER)  PHIL MOUCHET (EXECUTIVE PRODUCER) PHILIP TRAUTMAN (EXECUTIVE PRODUCER) RAJ BADWAL (EXECUTIVE PRODUCER) RAJEEV NARAYAN (EXECUTIVE PRODUCER) RENE KEEMIK (EXECUTIVE PRODUCER) RENÉ SCHNEIDER (EXECUTIVE PRODUCER) RICHARD LUPINSKY (EXECUTIVE PRODUCER) ROB HERMANS (EXECUTIVE PRODUCER) ROB FROM THE RSTHINKS EV CHANNEL ON YOUTUBE (EXECUTIVE PRODUCER) RUPERT MITCHELL (EXECUTIVE PRODUCER) SEIKI PAYNE (EXECUTIVE PRODUCER) STEPHEN PENN (EXECUTIVE PRODUCER) STEVE JOHN (EXECUTIVE PRODUCER) THOMAS J. THIAS  (EXECUTIVE PRODUCER) THE PLUGSEEKER – EV YOUTUBE CHANNEL (EXECUTIVE PRODUCER) TIM GUTTERIDGE (EXECUTIVE PRODUCER) WILLIAM LANGHORNE (EXECUTIVE PRODUCER)     CONNECT WITH ME! EVne.ws/itunes EVne.ws/tunein EVne.ws/googleplay EVne.ws/stitcher EVne.ws/youtube EVne.ws/iheart EVne.ws/blog EVne.ws/patreon   Check out MYEV.com for more details: https://www.myev.com

General Motors Co’s vehicle sales in China dropped 5.3% between April and June from the corresponding period last year, underperforming the industry average amid a recovery from the coronavirus fallout on the world’s biggest auto market. The China Association of Automobile Manufacturers (CAAM)China’s said overall figure, which includes passenger and commercial vehicles, rose 4.4% in April and 14.5% in May, adding that it expected auto sales to grow 11% in June. The company in a statement said GM, China’s second-biggest foreign automaker after Volkswagen, delivered 713,600 vehicles in the country in the second quarter, after reporting a drop of 43% in sales in the first quarter, due to the pandemic. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jim Hentschel is Vice President, Global Safety Systems & Integration, General Motors. A mechanical engineer by trade, Jim has more than 34 years at GM and has held global leadership positions in several critical areas.

Marcelo Conti, Director Global Purchasing & Supply Chain, Chassis & Body Structures. Marcelo’s rich leadership background includes significant roles in both Net Jets and Rolls Royce prior to GM.

• US markets roared higher to push the benchmark indices back into positive territory for the month-to-date - Dow surged +912-points or +3.85%, with all but one of the index’s 30 constituents advancing. Boeing Co (+up +12.87%) was the leading index performer, while Merck & Co (down -0.10%) was the only index member to close lower. The broader S&P500 soared +3.15% (to 2,953.91)to settle at its highest level since 6 March, with Energy (up +7.5%) and Industrials (+6.6%) leading all eleven primary sectors higher. Airline stocks rallied, with Delta Air Lines (up +13.91%) saying it would resume flying several major routes in June. Separately, data from the Transportation Security Administration showed air passenger traffic had risen for four straight weeks. American Airlines Group Inc rose +9.18% and United Airlines Holdings Inc +21.13%. General Motors Co (up +9.63%) and Ford Motor Co (+8.37%) rose as both started to reopen their North American factories in a push to restart work in an industry that accounts for about 6% of U.S. economic activity and employs nearly 1M people across the country. The S&P 500 growth index has outperformed the S&P value index by ~4% this month. The NASDAQ rallied +2.44%. Moderna Inc surged +19.96% after the company said its experimental COVID-19 vaccine showed promising results in a small early-stage trial. The data comes from eight people who took part in a 45-subject safety trial that kicked off in March. The Moderna vaccine is one of more than 100 under development intended to protect against the novel coronavirus that has infected more than 4.7M people globally and killed over 315,000. The Dow and S&P 500 both recorded their biggest one-day gains since 6 April, while the Nasdaq posted its best rally since 29 April.

The U.S. auto industry is slowly returning to life, with vehicle assembly plants scheduled to reopen on Monday and suppliers gearing up in support as the sector that employs nearly 1 million people seeks to recover from the coronavirus pandemic. General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles all have been preparing for weeks to reopen their North American factories in a push to restart work in an industry that accounts for about 6% of U.S. economic activity. Todd Dunn, president of UAW Local 862, which represents more than 14,000 hourly workers at Ford’s two Kentucky assembly plants said ultimately, they are in this together. Because if they don’t build trucks, Ford Motor Company is gone. --- This episode is sponsored by · Afrolit Podcast: Hosted by Ekua PM, Afrolit shares the stories of multi-faceted Africans one episode at a time. https://open.spotify.com/show/2nJxiiYRyfMQlDEXXpzlZS?si=mmgODX3NQ-yfQvR0JRH-WA Support this podcast: https://anchor.fm/newscast-africa/support

US equity markets climbed as investors eyed moves to re-open the economy- Dow rallied +359-points or +1.51% (to 24,133.78), extending its gains into a fourth straight session and logging its first close above >24,000 since 17 April. JPMorgan Chase & Co (up +4.31%) and Walt Disney Co (+4.81%)were the best-performing Dow stocks, rising more than >4% each. Boeing Co rose +1.03% in extended trading after the company announced that it plans to reopen its Dreamliner factory in South Carolina in early May after it shut down operations there for nearly a month because of the Covid-19 pandemic. The broader S&P500 gained +1.47%,with Financials (up +3.61%) and Real Estate (+3.00%) leading all eleven primary sectors higher. The S&P500 has now recovered almost 30% from its March lows. General Motors Co recouped an earlier session decline to gain +2.28% after announcing that it would suspend its dividend and stock repurchases to preserve cash. The NASDAQ gained +1.11%. Tesla Inc fell -1.92% in the extended session after San Francisco Bay Area authorities extended the regional shelter-in-place orders through the end of May, quashing hopes that Tesla's Fremont, California factory would restart soon. Tesla stock ended the regular session up +10.15% following an earlier report that the factory, Tesla's only U.S. car-making plant, was readying a resumption of operations as the Bay Area's shutdown orders were due to expire next week. The small capitalisation Russell 2000 index outperformed with a +4% gain.

US equity markets climbed as investors eyed moves to re-open the economy- Dow rallied +359-points or +1.51% (to 24,133.78), extending its gains into a fourth straight session and logging its first close above >24,000 since 17 April. JPMorgan Chase & Co (up +4.31%) and Walt Disney Co (+4.81%)were the best-performing Dow stocks, rising more than >4% each. Boeing Co rose +1.03% in extended trading after the company announced that it plans to reopen its Dreamliner factory in South Carolina in early May after it shut down operations there for nearly a month because of the Covid-19 pandemic. The broader S&P500 gained +1.47%,with Financials (up +3.61%) and Real Estate (+3.00%) leading all eleven primary sectors higher. The S&P500 has now recovered almost 30% from its March lows. General Motors Co recouped an earlier session decline to gain +2.28% after announcing that it would suspend its dividend and stock repurchases to preserve cash. The NASDAQ gained +1.11%. Tesla Inc fell -1.92% in the extended session after San Francisco Bay Area authorities extended the regional shelter-in-place orders through the end of May, quashing hopes that Tesla's Fremont, California factory would restart soon. Tesla stock ended the regular session up +10.15% following an earlier report that the factory, Tesla's only U.S. car-making plant, was readying a resumption of operations as the Bay Area's shutdown orders were due to expire next week. The small capitalisation Russell 2000 index outperformed with a +4% gain.

US equity markets rallied, lifting the S&P500 into fresh technical bull market territory - Dow up +780-points or +3.44%. Caterpillar Inc rose +4.5% after the company said that it has decided to maintain its quarterly dividend of US$1.03 per share, with the next dividend payable 20 May to shareholders recorded on the register on 20 April. Walt Disney Co said paid subscriptions to its Disney+ streaming service, which launched in November last year, soared past 50M. Disney+ was rolled out in eight Western European countries including the UK, Ireland, France, Germany, Italy, Spain, Austria, and Switzerland in the past two weeks. The broader S&P500 gained +3.41% to 2,749.98, with the latest rally lifting the index more than >20% above its 23 March closing low (2,237.40). Real Estate (up+7.41%), Energy (+6.73%) and Utilities (+5.41%) led all eleven primary sectors higher. General Motors Co rose +8.6% after confirming it had secured an US$489.4M contract to produce 30,000 ventilators for the Strategic National Stockpile by the end of August. Starbucks Corp fell -2.07% in extended trading (having gained +4.16% in the regular session) said that second-quarter earnings will be cut roughly in half from a year ago due to the spread of COVID-19 in China and the US. Starbucks revealed that it expects adjusted earnings of US$0.28c to US$0.32c per share for the second quarter, down from US$60c per share in the second quarter of 2019. The company also rescinded its annual guidance. Costco Wholesale Corp fell -2.28% in extended trading after reporting that its March net sales rose nearly 12% (to US$15.49B from US$13.87B in March 2019), including a 48% jump in online sales. Combined, store sales in the U.S., Canada and other countries where Costco has a presence were up +9.6%. FedEx Corp (up +8.27%) and United Parcel Service Inc (+6.33%)rose after The Wall Street Journal reported that Amazon.com Inc (+1.56%) was halting its competing Amazon Shipping delivery service. The NASDAQ gained +2.58%. Bernie Sanders dropped out of the presidential race overnight, pushing Joe Biden a step closer to the Democratic nomination. A reminder that US equity and bond markets are closed on Friday night AEST (10 April) for Good Friday.

US equity markets rallied, lifting the S&P500 into fresh technical bull market territory - Dow up +780-points or +3.44%. Caterpillar Inc rose +4.5% after the company said that it has decided to maintain its quarterly dividend of US$1.03 per share, with the next dividend payable 20 May to shareholders recorded on the register on 20 April. Walt Disney Co said paid subscriptions to its Disney+ streaming service, which launched in November last year, soared past 50M. Disney+ was rolled out in eight Western European countries including the UK, Ireland, France, Germany, Italy, Spain, Austria, and Switzerland in the past two weeks. The broader S&P500 gained +3.41% to 2,749.98, with the latest rally lifting the index more than >20% above its 23 March closing low (2,237.40). Real Estate (up+7.41%), Energy (+6.73%) and Utilities (+5.41%) led all eleven primary sectors higher. General Motors Co rose +8.6% after confirming it had secured an US$489.4M contract to produce 30,000 ventilators for the Strategic National Stockpile by the end of August. Starbucks Corp fell -2.07% in extended trading (having gained +4.16% in the regular session) said that second-quarter earnings will be cut roughly in half from a year ago due to the spread of COVID-19 in China and the US. Starbucks revealed that it expects adjusted earnings of US$0.28c to US$0.32c per share for the second quarter, down from US$60c per share in the second quarter of 2019. The company also rescinded its annual guidance. Costco Wholesale Corp fell -2.28% in extended trading after reporting that its March net sales rose nearly 12% (to US$15.49B from US$13.87B in March 2019), including a 48% jump in online sales. Combined, store sales in the U.S., Canada and other countries where Costco has a presence were up +9.6%. FedEx Corp (up +8.27%) and United Parcel Service Inc (+6.33%)rose after The Wall Street Journal reported that Amazon.com Inc (+1.56%) was halting its competing Amazon Shipping delivery service. The NASDAQ gained +2.58%. Bernie Sanders dropped out of the presidential race overnight, pushing Joe Biden a step closer to the Democratic nomination. A reminder that US equity and bond markets are closed on Friday night AEST (10 April) for Good Friday.

The Dow and S&P500 logged their worst start to quarter ever as President Trump warned that a “very, very painful” two weeks lie ahead for the country in face of a rapidly spreading COVID-19 epidemic - Dow dropped -973-points or -4.44% (to 20,944) to settle with its worst opening to a quarter in its 124-year history. Boeing Co (down -12.36%), American Express (down -9.08%) and Dow Inc (-7.52%) all fell more than >7.5% The broader S&P500 fell -4.41% to book its worst start to a quarter since the index was created in 1957 . The Utilities (down -6.12%), Real Estate (-6.11%) and Financials (-5.97%) sectors all fell over >5%, leading all eleven primary sectors into the red. A collapse of showroom traffic in March led to a big drop in U.S. sales for major car companies in the first quarter. Fiat Chrysler Automobiles N.V. (-5.15%) reported a -10% drop in first-quarter U.S. sales, saying strong results in January and February were more than offset by the impact of the virus in March. General Motors Co (down 7.3%) said its U.S. sales were down 7% in the January-to-March period, citing similar reasons, while Nissan Motor Co. reported a -30% drop in the first quarter. Ford Motor Co (-8.9%) is slated to release its first-quarter sales results tonight AEST. Cruise ship operator Carnival Corp rose +2.39% in the extended session (after ending the regular session down -33.18%) after securing a huge rescue financing package a US$4B senior secured bond offering that gives investors an 11.5% coupon, yielding near 12% yield on debt that matures in 2023. The NASDAQ -4.41%. The small capitalisation Russell 2000 index skidded -7.03% lower. The major indices touched their session lows in the final minutes of the session, with Dow briefly down over >1,100-points.

The Dow and S&P500 logged their worst start to quarter ever as President Trump warned that a “very, very painful” two weeks lie ahead for the country in face of a rapidly spreading COVID-19 epidemic - Dow dropped -973-points or -4.44% (to 20,944) to settle with its worst opening to a quarter in its 124-year history. Boeing Co (down -12.36%), American Express (down -9.08%) and Dow Inc (-7.52%) all fell more than >7.5% The broader S&P500 fell -4.41% to book its worst start to a quarter since the index was created in 1957 . The Utilities (down -6.12%), Real Estate (-6.11%) and Financials (-5.97%) sectors all fell over >5%, leading all eleven primary sectors into the red. A collapse of showroom traffic in March led to a big drop in U.S. sales for major car companies in the first quarter. Fiat Chrysler Automobiles N.V. (-5.15%) reported a -10% drop in first-quarter U.S. sales, saying strong results in January and February were more than offset by the impact of the virus in March. General Motors Co (down 7.3%) said its U.S. sales were down 7% in the January-to-March period, citing similar reasons, while Nissan Motor Co. reported a -30% drop in the first quarter. Ford Motor Co (-8.9%) is slated to release its first-quarter sales results tonight AEST. Cruise ship operator Carnival Corp rose +2.39% in the extended session (after ending the regular session down -33.18%) after securing a huge rescue financing package a US$4B senior secured bond offering that gives investors an 11.5% coupon, yielding near 12% yield on debt that matures in 2023. The NASDAQ -4.41%. The small capitalisation Russell 2000 index skidded -7.03% lower. The major indices touched their session lows in the final minutes of the session, with Dow briefly down over >1,100-points.

US markets stumbled after a stellar three-day rally - Dow down -915-points or -4.06%. Boeing Co fell - 10.3% and was the worst performer in the Dow, with Treasury Secretary Steven Mnuchin confirming that the aerospace group won’t seek a government bailout. Chevron Corp (down -9.95%) and Walt Disney Co (-8.50%) each fell more than >8% The broader S&P500 shed -3.37% Energy (down -6.91%) and Information Technology (-4.61%) led ten of the eleven primary sectors into the red, with Utilities (up +0.52%) the only sector to advance. Abbott Laboratories rose +2.1% in extended trading after announcing late Friday that it received emergency use authorisation from the U.S. Food and Drug Administration (FDA) for a rapid COVID-19 test. The portable testing platform will detect a positive result for COVID-19 in "as little as five minutes" and determine negative results in 13 minutes. Abbott said that it will make the rapid tests available to healthcare providers involved in urgent care next week and is working with the government to determine where they can have the largest impact. The company said that between this and a separate testing platform it will have the capacity for ~5M tests a month. General Motors Co rose +4.16% in extended trading (after falling -5.23% in regular trading). President Trump signed a presidential memorandum directing the government to use “any and all authority available under the Defense Production Act” to compel the automaker to manufacture ventilators for patients with COVID-19. President Trump earlier criticised the company, saying negotiations were taking too long. The NASDAQ fell -3.79%. For the week, the Dow gained +12.84% to book its strongest weekly rise since 1938. S&P 500 rose +10.26% to post its biggest weekly rise since 2008. The Nasdaq rose +9.05% to record its best weekly advance since March 2009.. The US dollar index posted its biggest weekly decline (down -3.90%) since March 2009.

US markets stumbled after a stellar three-day rally - Dow down -915-points or -4.06%. Boeing Co fell - 10.3% and was the worst performer in the Dow, with Treasury Secretary Steven Mnuchin confirming that the aerospace group won't seek a government bailout. Chevron Corp (down -9.95%) and Walt Disney Co (-8.50%) each fell more than >8% The broader S&P500 shed -3.37% Energy (down -6.91%) and Information Technology (-4.61%) led ten of the eleven primary sectors into the red, with Utilities (up +0.52%) the only sector to advance. Abbott Laboratories rose +2.1% in extended trading after announcing late Friday that it received emergency use authorisation from the U.S. Food and Drug Administration (FDA) for a rapid COVID-19 test. The portable testing platform will detect a positive result for COVID-19 in "as little as five minutes" and determine negative results in 13 minutes. Abbott said that it will make the rapid tests available to healthcare providers involved in urgent care next week and is working with the government to determine where they can have the largest impact. The company said that between this and a separate testing platform it will have the capacity for ~5M tests a month. General Motors Co rose +4.16% in extended trading (after falling -5.23% in regular trading). President Trump signed a presidential memorandum directing the government to use “any and all authority available under the Defense Production Act” to compel the automaker to manufacture ventilators for patients with COVID-19. President Trump earlier criticised the company, saying negotiations were taking too long. The NASDAQ fell -3.79%. For the week, the Dow gained +12.84% to book its strongest weekly rise since 1938. S&P 500 rose +10.26% to post its biggest weekly rise since 2008. The Nasdaq rose +9.05% to record its best weekly advance since March 2009.. The US dollar index posted its biggest weekly decline (down -3.90%) since March 2009.

Howes says the Silicon Valley automaker, Tesla Inc., is getting its revenge. In one day last week, the company got approval to sell its electric vehicles directly to consumers in Michigan, epicenter of the automotive establishment. And this week, the market value of Tesla topped $100 billion dollars … making it more valuable than General Motors Co. and Ford Motor Co. -- combined. This new reality should scare Detroit.

From Bristol Post Updates as MPs vote to decide on December General Election The chances of an election increased today after Labour leader Jeremy Corbyn confirmed he would support the government's call for an election on December 12, despite opposition from some of his MPs. From The Daily Telegraph Grenfell Tower report: Fire union chief hits back at 'back-to-front' criticism saying ministers are 'evading scrutiny' Here are the World Headlines for Today From ABC News Lawyer blasts charges in toddler's cruise ship death An attorney for the Indiana family of an 18-month-old girl who fell to her death from a cruise ship in July said Puerto Rican prosecutors' decision to charge her grandfather with negligent homicide is "pouring salt" on the family's wounds. From Reuters General Motors earnings beat lifts shares but U.S. strike weighs on outlook General Motors Co on Tuesday posted a stronger-than-expected quarterly profit on robust U.S. demand for its lucrative pickup trucks and SUVs, offsetting the $3-billion hit from a U.S. labor strike that led it to slash its earnings forecast. From The Irish Indipendent Google sued by Australian regulators over location tracking The Competition and Consumer Commission accused Google of collecting information on users' whereabouts even after they had switched off the feature. From the BBC Hong Kong: Joshua Wong calls his election ban 'politically driven' Joshua Wong, the high profile pro-democracy activist from Hong Kong, has been disqualified from running in forthcoming district council elections. From The Irish Times Merck results lifted by strong sales of cancer drug Revenue rises 15% and forecasts higher earning for full year That's all for today, come back tomorrow for more news.

This week, Daniel Howes says the United Auto Workers strike against General Motors Co. netted members a healthy set of economics – on pay and bonuses, profit-sharing and continuing Cadillac health-care coverage. But it didn’t repatriate production from Mexico, didn’t reverse plant closings in three states and didn’t seriously address the threat to union jobs posed by electrification of new lineups. That’s a challenge to be confronted by someone else. What a surprise.

Show #621   Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Friday 25th October 2019. It’s Martyn Lee here and I go through every EV story to save you time.   Thank you to MYEV.com for helping make this show, they’ve built the first marketplace specifically for Electric Vehicles. It’s a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too.   VW CEO CORRECTS TSLA CRITICS: "TESLA IS NOT NICHE" "Less than a month after Tesla CEO Elon Musk took to Twitter to share his support for Volkswagen CEO Herbert Diess, the German auto executive responded in kind, setting the record straight with some reporters at the company’s recent event for the new Golf." reports Simon Alvarez for Teslarati: "Despite the runaway success of the Tesla Model 3, the reporters indicated that they still view Tesla as a “niche” carmaker, capable of making low-volume vehicles well but otherwise out of its league in the mass market segment.  This was a comment that did not sit well with the Volkswagen CEO. Correcting the reporters, Diess came to Tesla’s defense"   Herbert Diess: "Tesla is not niche. The Model 3 is a large-series model and they are one of the biggest manufacturers of electric-car batteries. We have a lot of respect for Tesla. It’s a competitor we take very seriously"   https://www.teslarati.com/elon-musk-volkswagen-ceo-corrects-tsla-critics-tesla-model-3-niche/   Meanwhile Yahoo Finance says: "Tesla shares soared 18% Thursday -- the biggest jump in 6 1/2 years -- following a surprise quarterly profit report. The rally vaulted the company back above General Motors Co. as the top U.S. automaker by market capitalization. The words of praise may have been a response in kind to Musk, 48, who tweeted last month that Diess was “doing more than any big carmaker to go electric.”   https://finance.yahoo.com/news/tesla-no-niche-automaker-anymore-205812663.html   VERSION 3 OF TESLA’S NEW SOLARGLASS ROOF TILES "Tesla launched the new version 3 of its Solarglass Roof on a public conference call today. Version 3 of the newly renamed Solarglass Roof integrates a number of meaningful improvements to the now larger tiles that promise to improve the cost of the roof while delivering a much faster installation time." says Kyle Field at CleanTechnica: "Tesla has increased the energy density of its roofing product, cut the cost, and increased the manufacturability. Vice president of technology at Tesla Drew Baglino noted that Tesla was aiming to improve the product essentially across the board, improving its cost and beauty as well as manufacturability of the tiles across the board. Version 3 nailed it, delivering significant improvements by:   Increasing the size of the tile Increasing the power density of the tile Dramatically reducing the number of parts and sub-assemblies by more than half (made possible by the larger tiles) Reducing the number of steps in manufacturing (made possible by the larger tiles) Reducing cost (enabled by the larger tiles) Changing some of the materials used Changing the technology that hides the solar cells to something that’s more scalable   https://cleantechnica.com/2019/10/25/everything-you-need-to-know-about-version-3-of-teslas-new-solarglass-roof-tiles/   From Electrek: "Tesla now lists a base 2,000 ft² roof with 10 kW of solar roof tiles installed will cost $33,950 after incentives. Musk claims that Tesla can quickly ramp up to producing 1,000 roofs per week at Tesla’s Gigafactory 2 in Buffalo. However, the biggest difference with the latest version of the Tesla Solar Roof tiles is that the made it easier to install. Musk said that Tesla will also work with third-party installers to certify them for solar roof installations and expect the program to help grow solar adoption. Installations are starting right now with the existing backlog of orders and the company is taking new orders that should start next year."   https://electrek.co/2019/10/25/tesla-solarglass-solar-roof-v3-price/   Tech site The Verge said: "The billionaire CEO claimed the new roof tiles, which are bigger and more power dense, will help “make roofs come alive,” creating a world “where you look around the neighborhood and the roofs are all gathering energy.” “I think in the future, it will be odd for roofs to not gather energy,” Musk said. The promise of the Solar Roof has always been an enticing one. Pay a premium over standard solar panels, and you can get a normal-looking tiled roof that will suck up the sun’s energy all the same. It won’t be for everyone, though."   https://www.theverge.com/2019/10/25/20932831/tesla-new-solar-glass-roof-elon-musk-version-three   TechCrunch reports "“Figuring out how to install it effectively is very non-trivial. And we’re actually going to have […] ‘installathons,’ ” Musk said, which will pit two teams against each other to see who can roof one of two similar-sized/designed roofs faster. Musk reiterated later that there’s “quite a bit of R&D just in the installation process itself.”   Musk also said that while it’s hiring and training specialized installers at first, the plan is to ultimately expand installations to any third-party contractors as well. The total addressable market that Musk sees for this product is somewhere on the order of 100 million houses worldwide, and Musk stressed that the company does indeed intend to make this available worldwide."   https://techcrunch.com/2019/10/25/teslas-new-solar-roof-costs-less-than-a-new-roof-plus-solar-panels-aims-for-install-rate-of-1k-per-week/   BYTON STARTS PRE-PRODUCTION OF THE M-BYTE EV "The Chinese electric car brand Byton has now started production of the pre-production series of its first M-Byte model at its Nanjing plant. The manufacturer says it already has 50,000 reservations for the EV worldwide." reports electrive: "According to the announcement, the M-Byte will be offered at an entry-level price of 45,000 euros excluding VAT and possible government subsidies. This model has a 200 kW powerful rear engine and a 72 kWh battery (360 km range according to WLTP). Byton did not reveal the price for the 4WD high-performance configuration (300 kW drive, 95 kWh battery, 435 kilometre-range) in their press release.  Norway and other Nordic countries will be the priority in the European region, with Norway making up 14,000 of vehicle reservations alone."   https://www.electrive.com/2019/10/26/byton-starts-pre-production-of-the-m-byte/   POLESTAR LAUNCHES FIRST EUROPEAN POLESTAR SPACE IN OSLO "This week, Polestar launched its first European Polestar Space in Oslo, Norway, joining the change of how cars are sold. In the case of Polestar, sales will be carried out online, while Polestar Space will be kind of like stores to show and demonstrate particular models and to inform customers without salespeople." writes InsideEVs.   Jonathan Goodman, Chief Operations Officer at Polestar said: “The Polestar Space is our way of changing the face of automotive retail. With no salesmen and no vehicles on the forecourt, there is no hard sell, no requirement to shift stock and an entirely customer-focussed journey. Consumers will define how much they interact with the exhibits and Polestar Specialists tailoring their experience to their exact needs, not the brand’s. Once they have found the perfect specification, seamless digital interactivity places the vehicle in the customer’s app, ready to be ordered when it suits them. We will put the fun back into buying a car!”   https://insideevs.com/news/378364/polestar-first-european-polestar-space-oslo/   QUESTION OF THE WEEK The MYEV.com Question Of The Week…   Set by Chris Meilak: "Would you buy a new EV which only has AC charging (ie Zoe) or CHAdeMO (ie Nissan) today?"   I want to say a heartfelt thank you to the 258 patrons of this podcast whose generosity means I get to keep making this show, which aims to entertain and inform thousands of listeners every day about a brighter future. By no means do you have to check out Patreon but if it’s something you’ve been thinking about, by all means look at patreon.com/evnewsdaily     PHIL ROBERTS / ELECTRIC FUTURE (PREMIUM PARTNER) BRAD CROSBY (PREMIUM PARTNER) AVID TECHNOLOGY (PREMIUM PARTNER)   DAVID ALLEN (PARTNER) OEM AUDIO OF NEW ZEALAND AND EVPOWER.CO.NZ (PARTNER) PAUL O’CONNOR (PARTNER) TRYEV.COM (PARTNER) GARETH HAMER eMOBILITY NORWAY HTTPS://WWW.EMOBILITYNORWAY.COM/  (PARTNER) ALAN ROBSON (EXECUTIVE PRODUCER) ALAN SHEDD (EXECUTIVE PRODUCER) ALEX BANAHENE (EXECUTIVE PRODUCER) ALEXANDER FRANK @ https://www.youtube.com/c/alexsuniverse42 ANDERS HOVE (EXECUTIVE PRODUCER) ASHLEY HILL (EXECUTIVE PRODUCER) BÅRD FJUKSTAD (EXECUTIVE PRODUCER) BARRY PENISTON (EXECUTIVE PRODUCER) BOB MUIR / GINGERCOMPUTERS.COM IN DUNDEE (EXECUTIVE PRODUCER) BRENT KINGSFORD (EXECUTIVE PRODUCER) BRIAN THOMPSON (EXECUTIVE PRODUCER) BRIAN WEATHERALL (EXECUTIVE PRODUCER) CESAR TRUJILLO (EXECUTIVE PRODUCER) CHARLES HALL (EXECUTIVE PRODUCER) CHRIS HOPKINS (EXECUTIVE PRODUCER) COLIN HENNESSY (EXECUTIVE PRODUCER) CRAIG COLES (EXECUTIVE PRODUCER) CRAIG COOPER (EXECUTIVE PRODUCER) CRAIG ROGERS (EXECUTIVE PRODUCER) DAMIEN DAVIS (EXECUTIVE PRODUCER) DAN FAIRS (EXECUTIVE PRODUCER) DARREN BYRD (EXECUTIVE PRODUCER) DARREN SANT FROM YORKSHIRE EV CLUB (EXECUTIVE PRODUCER) DAVE DEWSON (EXECUTIVE PRODUCER) DAVID BARKMAN (EXECUTIVE PRODUCER) DAVID FINCH (EXECUTIVE PRODUCER) DAVID PARTINGTON (EXECUTIVE PRODUCER) DAVID PRESCOTT (EXECUTIVE PRODUCER) DEREK REILLY FROM THEEFFECT.NET (EXECUTIVE PRODUCER) DIRK RUTSATZ (EXECUTIVE PRODUCER) DON MCALLISTER / SCREENCASTSONLINE.COM (EXECUTIVE PRODUCER) ENRICO STEPHAN-SCHILOW (EXECUTIVE PRODUCER) FREDRIK ROVIK (EXECUTIVE PRODUCER) FREEJOULE AKA JAMES (EXECUTIVE PRODUCER) GENE RUBIN (EXECUTIVE PRODUCER) GEOFF LOWE (EXECUTIVE PRODUCER) GEORGE CLARGO (EXECUTIVE PRODUCER) IAN GRIFFITHS (EXECUTIVE PRODUCER) IAN SEAR (EXECUTIVE PRODUCER) JACK OAKLEY (EXECUTIVE PRODUCER) JAMES STORR (EXECUTIVE PRODUCER) JEFF ERBES (EXECUTIVE PRODUCER) JERRY ALLISON (EXECUTIVE PRODUCER) JILL SMITH (EXECUTIVE PRODUCER) JIM MORRIS (EXECUTIVE PRODICERS) JOHN BAILEY (EXECUTIVE PRODUCER) JOHN LACEY FROM CLICK CLACK VIDEO NZ (EXECUTIVE PRODUCER) JON AKA BEARDY MCBEARDFACE FROM KENT EVS (EXECUTIVE PRODUCER) JON KNODEL (EXECUTIVE PRODUCER) JUAN GONZALEZ (EXECUTIVE PRODUCER) KEN MORRIS (EXECUTIVE PRODUCER) KEVIN MEYERSON (EXECUTIVE PRODUCER) KYLE MAHAN (EXECUTIVE PRODUCER) LARS DAHLAGER (EXECUTIVE PRODUCER) LAURENCE D ALLEN (EXECUTIVE PRODUCER) LESZEK GRZYL (EXECUTIVE PRODUCER) LUKE CULLEY (EXECUTIVE PRODUCER) MARCEL LOHMANN (EXECUTIVE PRODUCER) MARCEL WARD (EXECUTIVE PRODUCER) MARLIN SCHELL (EXECUTIVE PRODUCER) MARTIN CROFT (EXECUTIVE PRODUCER) MATT PISCIONE (EXECUTIVE PRODUCER) MATTHEW ELLIS (EXECUTIVE PRODUCER) MAZ SHAR (EXECUTIVE PRODUCER) MIA OPPELSTRUP (EXECUTIVE PRODUCER) MICHAEL PASTRONE (EXECUTIVE PRODUCER) MICHEAEL KYFFIN (EXECUTIVE PRODUCER) MIKE ROGERS (EXECUTIVE PRODUCER) MIKE WINTER (EXECUTIVE PRODUCER) NATHAN GORE-BROWN (EXECUTIVE PRODUCER) NEIL E ROBERTS FROM SUSSEX EVS (EXECUTIVE PRODUCER) NORTHERN EXPLORERS (EXECUTIVE PRODUCER) OHAD ASTON (EXECUTIVE PRODUCER) PAUL RIDINGS (EXECUTIVE PRODUCER) PAUL SEAGER-SMITH (EXECUTIVE PRODUCER) PAUL SHELLEY ((EXECUTIVE PRODUCER) PAUL STEPHENSON (EXECUTIVE PRODUCER) PERRY SIMPKINS (EXECUTIVE PRODUCER) PETE GLASS (EXECUTIVE PRODUCER) PETE GORTON (EXECUTIVE PRODUCER) PETER & DEE ROBERTS FROM OXON EVS (EXECUTIVE PRODUCER)  PHIL MOUCHET (EXECUTIVE PRODUCER) PONTUS KINDBLAD (EXECUTIVE PRODUCER) RAJEEV NARAYAN (EXECUTIVE PRODUCER) RALPH JENSON (EXECUTIVE PRODUCER) RENÉ SCHNEIDER (EXECUTIVE PRODUCER) ROB COOLING / HTTP://WWW.APPLEDRIVING.CO.UK/ (EXECUTIVE PRODUCER) ROB HERMANS (EXECUTIVE PRODUCER) ROBERT GRACE (EXECUTIVE PRODUCER) ROBIN TANNER (EXECUTIVE PRODUCER) RUPERT MITCHELL (EXECUTIVE PRODUCER) SABBY THE CAT (EXECUTIVE PRODUCER) SARAH MCCANN (EXECUTIVE PRODUCER) SARI KANGASOJA (EXECUTIVE PRODUCER) SEIKI PAYNE (EXECUTIVE PRODUCER) STEVE JOHN (EXECUTIVE PRODUCER) STUART HANNAH (EXECUTIVE PRODUCER) THE LIMOUSINE LINE SYDNEY (EXECUTIVE PRODUCER) THE PLUGSEEKER – EV YOUTUBE CHANNEL (EXECUTIVE PRODUCER) TIM GUTTERIDGE (EXECUTIVE PRODUCER) WILLIAM LANGHORNE (EXECUTIVE PRODUCER) ZACK HURST (EXECUTIVE PRODUCER)   You can listen to all 620 previous episodes of this this for free, where you get your podcasts from, plus the blog https://www.evnewsdaily.com/ – remember to subscribe, which means you don’t have to think about downloading the show each day, plus you get it first and free and automatically. 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This week, Howes says the strange United Auto Workers strike against General Motors Co. is getting stranger in the wake of a tentative agreement. Instead of returning to work pending ratification by Friday, union leaders are keeping members on picket lines as they consider details of a new four-year agreement. And nowhere to be seen or heard from is union President Gary Jones, whose public appearance before the media likely would devolve quickly into embarrassing questions about his implication in the federal investigation into union corruption.

US equity markets eased as US-China trade caution lingered - Dow dipped -23-points or -0.08% The broader S&P500 -0.20%, General Motors Co rose 1.10% after the US automaker reached a tentative four-year labour deal with the United Auto Workers union, moving the sides closer to ending the month-long strike. The technology-centric NASDAQ eased -0.30%. MGM Resorts International fell 1.6% after it announced late in the session that it would sell its Circus Circus casino resort in Las Vegas and a huge interest in its Bellagio resort.

US equity markets eased as US-China trade caution lingered - Dow dipped -23-points or -0.08% The broader S&P500 -0.20%, General Motors Co rose 1.10% after the US automaker reached a tentative four-year labour deal with the United Auto Workers union, moving the sides closer to ending the month-long strike. The technology-centric NASDAQ eased -0.30%. MGM Resorts International fell 1.6% after it announced late in the session that it would sell its Circus Circus casino resort in Las Vegas and a huge interest in its Bellagio resort.

At just 2 percent below this summer’s record high, the stock market is bullish and appears unfazed by the looming Brexit deadline and other uncertainties, both international and domestic. Also this week: the Fed’s approach to future trouble, the economic impact of the General Motors Co. strike and the latest in US-China trade negotiations.

This week, Daniel Howes says the United Auto Workers’ fight with General Motors Co. is a battle over dollars and cents pitting radically different visions of the future. And there’s no room for Old Detroit thinking because Old Detroit is dead, or should be, buried by denial, competition and the ignominy of begging Congress and taxpayers for money to avert collapse.

US equity markets extended their poor start to the fourth quarter amid mounting concerns around economic growth - Dow tumbled -494-points or -1.85%, breaking below its 50-day and 100-day moving averages. The slide of -3.14% over the past two sessions represents the worst start to a quarter since the last three months of 2008, when the Dow slumped 19.4% in the fourth quarter. The broader S&P500 -1.79%, with the Energy sector (down -2.61%) leading the index below is 100-day moving average. All eleven primary sectors closed in the red for a second consecutive session (the first time that has happened since late December 2018), with ten of them logging falls of at least 1.2%. Both Ford Motor Co (down -3.26%) and General Motors Co (-3.96%) fell after reporting disappointing quarterly sales. The -3.02% drop over the past two sessions marks the S&P500's worst start to a quarter since the indice's -5.49% slide to start the fourth quarter of 2009. The NASDAQ -1.51%., with Amazon.com Inc, Apple Inc and Google parent Alphabet Inc all dropping at least 1.3%. Tesla Inc fell a further ~3.6% in after-hours trading (after falling -2% in the regular session) after the electric-car maker reported disappointing third-quarter deliveries of ~97K vehicles versus analysts' forecasts for ~99K. All three benchmark indices posted their steepest single day slide since 23 August. The Nasdaq (down 2.7% so far in October) and the small capitalisation Russell 2000 index (falling -1.9% overnight and down -3.1% over the past two sessions) also marked their worst starts to the quarter since 2009.

US equity markets extended their poor start to the fourth quarter amid mounting concerns around economic growth - Dow tumbled -494-points or -1.85%, breaking below its 50-day and 100-day moving averages. The slide of -3.14% over the past two sessions represents the worst start to a quarter since the last three months of 2008, when the Dow slumped 19.4% in the fourth quarter. The broader S&P500 -1.79%, with the Energy sector (down -2.61%) leading the index below is 100-day moving average. All eleven primary sectors closed in the red for a second consecutive session (the first time that has happened since late December 2018), with ten of them logging falls of at least 1.2%. Both Ford Motor Co (down -3.26%) and General Motors Co (-3.96%) fell after reporting disappointing quarterly sales. The -3.02% drop over the past two sessions marks the S&P500's worst start to a quarter since the indice's -5.49% slide to start the fourth quarter of 2009. The NASDAQ -1.51%., with Amazon.com Inc, Apple Inc and Google parent Alphabet Inc all dropping at least 1.3%. Tesla Inc fell a further ~3.6% in after-hours trading (after falling -2% in the regular session) after the electric-car maker reported disappointing third-quarter deliveries of ~97K vehicles versus analysts' forecasts for ~99K. All three benchmark indices posted their steepest single day slide since 23 August. The Nasdaq (down 2.7% so far in October) and the small capitalisation Russell 2000 index (falling -1.9% overnight and down -3.1% over the past two sessions) also marked their worst starts to the quarter since 2009.

This week, Daniel Howes says that as United Auto Workers members strike General Motors Co., the union’s rank-and-file and its legion of retirees can thank the leadership’s corruption scandal for opening the political floodgates to the UAW’s traditional adversaries. The tales of greed and self-dealing will be used against UAW organizers … by anti-union Republicans … by right-to-work activists … by cranky union members who feel deceived.

Show #517   Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Wednesday 3rd July 2019. It’s Martyn Lee here and I go through every EV story to save you time.     Thank you to MYEV.com for helping make this show, they’ve built the first marketplace specifically for Electric Vehicles. It’s a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too.   Hello to new supporter SUNDIP MISTRY and new PRODUCER ROB CRAWFORD. Plus a new EXECUTIVE PRODUCER PETER & DEE ROBERTS. @thejollyEVfan @mapleleafdriver from Oxfordshire EVs   TESLA DELIVERS RECORD-SMASHING 95,200 CARS "Tesla has just released some record-crushing numbers, which beat estimates of 91,000 from several combined analysts."Tesla reported a total of approximately 95,200 vehicles delivered globally in Q2 2019. The automaker breaks this down for us as follows:   Model 3: 77,550. Model S and Model X: 17,650." according to the InsideEVs Sales Scorecard: "On the production front, the numbers are 72,531 for the Model 3 and 14,517 for the Model S and X combined. Total production hit 87,048 in Q2."   From Tesla: "Orders generated during the quarter exceeded our deliveries, thus we are entering Q3 with an increase in our order backlog. We believe we are well positioned to continue growing total production and deliveries in Q3."   From InsideEVsForum user 'Benz': "Total number of combined global EV deliveries in the first half of 2019 were nearly 160,000 (probably 158,200). That means that during the second half Tesla will have to deliver more than 200,000 EV's in order to reach their target of at least 360,000 EV deliveries in 2019. During the second half of the year the number of EV deliveries are always substantially higher than in the first half of the year. Therefore, I think that they will manage to reach that annual global target of more than 360,000 EV deliveries."   But financial bloggers weren't happy to celebrate. From Reuters: "Tuesday’s numbers helped take the sting off a difficult first quarter, in which deliveries plunged and the company lost $702 million. That fraught quarter – hurt by logistics issues at Tesla’s international ports and a drop-off in U.S. orders after the tax credit was halved – spurred worries that Tesla may have tapped a limited market for electric cars at premium prices. Despite the positive second-quarter delivery numbers, Wedbush analyst Dan Ives cautioned that “the Street remains skeptical.”   https://www.reuters.com/article/us-tesla-deliveries/tesla-delivers-record-number-of-electric-cars-in-quarter-shares-up-8-idUSKCN1TX2PL?il=0   CNBC chose to focus on the competition: "Tesla is facing increased competition for the high-end electric sports car market as automakers from Ford to Jaguar invest billions of dollars to develop their own electric lineups. Volkswagen and Mercedes-Benz began taking orders in May for new battery-electric vehicles with plans to roll out more models in the coming years. Jaguar’s I-Pace all-electric SUV swept industry awards at the New York Auto Show in April."   https://www.cnbc.com/2019/07/02/tesla-q2-2019-production-and-delivery-numbers.html   The Verge reported the good news, but quickly went in for a heavy tackle with a reminder about exec departures: "News of Tesla’s quarterly performance comes at a time where Tesla lost three high-ranking executives in the span of a week. Peter Hochholdinger, one of the company’s production VPs, was recently hired away by EV startup Lucid Motors. VP of engineering Steve MacManus left Tesla after four years with the company, and VP of Tesla Europe, Jan Oehmicke, also left the company this week."   https://www.theverge.com/2019/7/2/20680078/tesla-q2-deliveries-production-record-elon-musk   CNN Business took the story about strong demand and wrote this: "In the meantime, investors will be closely watching for hints about ongoing demand for Tesla's electric cars, as well as details about the company's cash reserves. Tesla has large debt payment obligations on the horizon."   https://edition.cnn.com/2019/07/02/tech/tesla-sales/index.html   And on Bloomberg, Ben Kallo had to respond to the host trying to find a negative story in international deliveries, and watch out for the female host who asks if people are waiting before more luxurious cars like the Model Y comes out: [audio]   This is Rebecca Lindland from rebeccadrives.com: [audio]   https://www.bloomberg.com/news/articles/2019-07-02/tesla-sets-deliveries-record-as-u-s-buyers-race-for-tax-credit   Bloombergs Dana Hull wrote" Tesla’s Model 3 sales are far outpacing rivals. General Motors Co. sold just 3,965 of its all-electric Chevrolet Bolt in the second quarter, while Volkswagen AG’s Audi delivered just 1,835 battery-powered E-Tron SUVs."   On Twitter from @alpsoy66: "4  countries in Europe have very surprising Tesla delivery results in Q2: Sweden: 1745   (%45 more than Q1) Denmark 792  (%92 more than Q1) Italy: 840  (%120 more than Q1) Portugal 664  (%39 more than Q1) they r traditionally not EV countries. $tsla single handedly opened markets"   RENAULT ANNOUNCES PRICING FOR ZOE Z.E. 50 IN GERMANY "Renault will make the new ZOE Z.E. 50 available for order in Germany by the end of July at prices starting from €31,990 ($36,144). The price difference between the new Z.E. 50 (52 kWh battery) and the outgoing Z.E. 40 (41 kWh) is €2,000. While the difference between the version with and without batteries (rental) is €8,090 (or €155 per kWh)." says InsideEVs.com: "At such prices, Renault ZOE should stay very competitive against current and upcoming new models like the Peugeot e-208."   ZOE Z.E. 40 LIFE (R110): : €21,900 + monthly battery rental fee ZOE Z.E. 50 INTENS (R135): €27,900 + monthly battery rental fee   Renault ZOE R135 specs (see full description here):   52 kWh lithium-ion battery (air cooled) up to 390 km (242 miles) of WLTP range 0 to 100 km/h (62 mph) in less than 10 seconds 80-120 km/h (50 to 75 mph) in 7.1 seconds top speed of 140 km/h (87 mph) R135 electric motor: 100 kW of peak power and 245 Nm of peak torque R110 electric motor (option): 80 kW of peak power and 225 Nm of peak torque DC fast charging using CCS Combo 2, up to 50 kW AC charging of up to 22 kW (3-phase)   https://insideevs.com/news/357763/renault-zoe-ze-50-prices-germany/   HONDA E: There's a new Fully Charged video of Robert driving the new Honda E. Whilst Honda say: "The Honda e, is equipped with a high-power electric motor delivering up to approximately 150PS (110 kW) and impressive torque in excess of 300Nm. The 35.5kWh battery in the Honda e is one of the most compact in its class, contributing to an exceptional balance of low weight, fast-charging capability of 80% in 30 minutes, and a range of over 200km, perfect for every day urban commuting. The Honda e will also offer Single Pedal Control, enabling the driver to accelerate and slow the car using only the accelerator pedal."   "It’s small size with short front and rear overhangs corroborated with a 4.3-meter turning radius should make it ideal for the urban jungle, while comfort for passengers will be granted by the four-wheel independent McPherson Strut setup. Replacing conventional side mirrors, cameras will come as standard equipment even on the base model and will be accompanied by two screens mounted at the corners of the modern dashboard." reports Motor1.com   https://www.motor1.com/news/357616/2020-honda-e-power-specs/   VOLKSWAGEN EXEC ON ID.3, NEW ELECTRIC CARS: TESLA IS FOR ‘INNOVATORS,’ VW FOR ‘EARLY ADOPTERS’ "A new interview with Volkswagen’s chief marketing officer reveals some of the reasoning behind the carmaker’s electric car strategy, including further details on the company’s new operating system and Automotive Cloud. Volkswagen chief marketing officer Jochen Sengpiehl talked to Automotive News Europe about the company’s new marketing approach when it comes to EVs." says Phil at Electrek: "Volkswagen is calling the target audience for the ID.3 “aspirational middle class,” and Sengpiehl talked about how it fits into the progression of widespread electric adoption: "The Golf appeals to the masses. Tesla appeals to innovators. After the innovators come the early adopters. We want to target those early adopters. That’s why our communication is more edgy than with our conventional cars. If you catch the early adopters, the others will follow."   https://electrek.co/2019/07/02/vw-exec-new-evs/   BMW PHEVS FROM 2020 WILL BE ZERO EMISSION IN EDRIVE ZONES "BMW announced that from 2020 on, new plug-in hybrid models will be equipped with BMW eDrive Zones function as standard. The brief description says that the cars will switch automatically to an all-electric mode in zero-emission city zones." according to InsideEVs: "In cities that establish “green zones” solely for emission-free driving, geofencing technology will be able to recognise these automatically. When the vehicle enters one of these zones, it will automatically switch to pure electric driving mode. In this way, BMW is paving the way for plug-in hybrids to receive the same access rights to green zones as fully-electric vehicles, since they behave the same in these areas."   https://insideevs.com/news/357512/bmw-phevs-2020-zero-emission-edrive-zones/   WHAT IS A FOOT GARAGE? Porsche PR has released an interview with Michael Mauer, style director of the electric Taycan: "Because you also can’t just make the vehicle wider, the specific challenge was to position the passengers as low as possible without them having to assume a reclined position like in a Formula 1 racing car. We solved this with so-called “foot garages”     COMMUNITY And thanks to MYEV.com they’ve set us another Question Of The Week. Keep your comments coming in on email and YouTube…   I’ve been checking my stats and over 90% of listeners are men, so why are EVs still a ‘guy thing’?     I want to say a heartfelt thank you to the 230 patrons of this podcast whose generosity means I get to keep making this show, which aims to entertain and inform thousands of listeners every day about a brighter future. 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This week, Daniel Howes says the “goods news” of General Motors Co. finding a potential buyer for its Lordstown Assembly Plant in northeast Ohio is drawing mixed reactions because the potential results could be mixed. Replacing the scale, jobs and payroll of a modern auto plant is next to impossible in an increasingly lean – and non-union – private economy. And the wrenching experience is exacerbated by the lowest unemployment rate in 50 years and economic growth running north of 3 percent.

This week, Daniel Howes says Detroit’s automakers are using investment decisions in a union contract year to politick President Donald Trump. The reason: General Motors Co.’s plans to close four U.S. plants as part of a restructuring moved the president to repeatedly lambaste the automaker on Twitter and in public appearances. In the forming battle for the hearts and minds of the work-a-day Midwest, Detroit's automakers are proxies personally selected by POTUS. And Michigan and Ohio are the principal battlegrounds.

Hello and welcome to Overdrive a program that looks at cars and transport from a variety of angles . I’m David Brown And in this week’s news stories Nissan chooses Japan over UK to build new X-Trail car Nissan has confirmed that the new X-Trail originally planned for its Sunderland plant near Newcastle in the UK will instead be made in Japan. It said continued Brexit uncertainty is not helping firms to "plan for the future". Nissan has made cars at Sunderland since 1986 and employs almost 7,000 people. The government said Nissan's decision was "a blow to the sector" but that no jobs would go as a result, which suggests they will continue to build cars there but not expand with the new model. Tesla lost $976M in 2018 despite 4Q profit First the good news for Tesla They made a profit in the last quarter of 2018 of $139 million which was the on revenue of $7.2 billion, and this was the second consecutive quarter of profitability. But now the bad news – for the whole year they lost nearly $1 billion That’s better though than 2017 where they lost $1.9-billion Dongle lets you see how your car is performing Cars are now collecting a huge amount of information about how they are operating which can be of great help or just interest to the owner. But much of the information is hidden and would be distracting to view while you are driving and cumbersome to look at if you have to stay seated in the car. Almost every car made after 1996 has a connection port under the dashboard to connect diagnostic systems. This port is called the OBD-II port (on-board diagnostics). Scantool now makes a product the ODBLink MX+ ($140 Australian Dollars) which uses a wireless dongle to connect your car to your smartphone, tablet or Windows PC via Bluetooth. Super bowl car ads The super Bowl has been and gone for another year and some car companies showed they were prepared to produce specific ads and then pay $5.2 million for a 30 second slot during the game. In America it is a great offense for some, if you do not stand for the national anthem but it is quite acceptable to involve the national song in two critical activities, gambling and making profits. There were huge bets on how long Gladys Knight would take to sing the anthem and then Jeep used it as the background music to their ad that used iconic features as the famous 1945 picture of six marines raising the flag on atop Mount Suribachi, during the Battle of Iwo Jima, in World War II. Canadian union airs Super Bowl ad despite GM lawsuit threats Not all Super Bowl ads were aimed at patriotism, humour or sentimentality. Canada’s union for car workers aired its General Motors boycott campaign ad during the super bowl ignoring lawsuit threats if it went to air. The ad called for a boycott of Mexican-built General Motors Co. vehicles in an effort to save the Oshawa Assembly Plant, set to close at the end of this year. GM's Oshawa plant, which builds the Chevrolet and Impala and Cadillac XTS, is one of five North American plants GM is planning to indefinitely idle this year as the slow-selling products built at those plants are discontinued. Maserati Track Day We went to a Maserati track day and fanged around in cars with a total value of at least $2mill worth. Maserati COO tells us why that is a good thing. I like the guy. Suzuki Jimny We have a chat with Paul Murrell about the new Suzuki Jimny Quirky News And Brian Smith, Errol Smith and I discuss a range of topics including • AV displays the direction it is going to take (BS) • Oscar Mayer will pay you to drive the Wienermobile for a year (ES) • 2020 Toyota Land Cruiser Heritage Edition looks back, seats just five (BS) You can find more information at Driven Media or previous programs are available as podcasts on iTunes or Spotify. OR our Facebook site OverdriveCity

This week, Daniel Howes says there is opportunity in the slow-rolling reckoning targeting auto plants. Fiat Chrysler Automobiles is answering General Motors Co.’s restructuring with a move all its own: the maker of the Grand Cherokee is preparing to revive an abandoned engine plant in Detroit to boost production of the iconic Jeep.

It’s Friday 8th June 2018 and this is your EV News Daily. Good morning, good afternoon and good evening! Wherever you're listening around the world, a very warm welcome from London, UK.  Here is today’s news about electric cars and the future of transport. My name is Martyn Lee and I go through every EV article online so you don’t have to.   WORLD RALLYCROSS CHAMPIONSHIP ELECTRIC CAR SWITCH The plans I've talked about on previous podcasts, to switch World Rallycross Championship cars to being electric, has been approved by the governing body the FIA World Motor Sport Council. I first heard of plans for this last year, and then earlier this year invitations were sent out for companies who wish you tender for the supply of the battery and chassis. This is very significant news as it starts from 2020. World Rallycross is a fast-paced, high adrenaline sport for drivers and spectators alike, with the electric cars eligible for both manufacturer teams and privateers. Every constructor will have the same battery and chassis package, which will be open for privateer teams to homologate as well. We now know Williams will provide all the batteries, as they have done to Formula E up to now, with Formula E moving to McLaren for the 2018/19 season. IN fact some of those specs from Formula Ewill be used to derive the regulations which will govern the manufacturers and private teams on the powertrains they design. The stats: two motors, one on each axle, and total power of 500kW.   https://www.autosport.com/wrx/news/136578/world-rx-2020-electric-car-move-approved   KIA NIRO EV REVEALED TO PUBLIC KIA has revealed its all-new Niro EV at the 2018 Busan International Motor Show today in Korea. They are finally showing off to the public what you and I have talked about for a while since we saw the concept at CES plus official pics last month. As Hyundai have done with the Kona they've taken the combustion car and added some batteries. The charge point is in the front grille behind a flappy slidey cover, and the small LED headlights are something we're seeing more from EV designers. Of course no need for air intakes to keep an engine cool makes the front look way better. As we've mentioned the Kona, in the same way the Niro offers a 64kWh lithium-polymer battery for 279 miles of range. However even though they're sister companies, it's not the same battery as it would be fair to assume. In fact more than one EV blog I've read today said they're fitting the same packs - oopsie! Different suppliers and different chemistry. That's not EPA rated yet though so expect something around 240 miles, still better than base spec Model 3. The motor drives the front wheels with 150kW of power and a brisk, without being face-melting, 0-60mph time of 7.8 seconds. That's the same for both battery options. And charging speeds? Yes they're confirmed for 100kW. The smaller pack is 39.2kWh for 186 miles of range. And if you're like me, I always find myself thinking I need the long range, but when you look at the journeys we make, 186 miles is just fine in nearly all cases. Even if that range came down to real world 100 miles you know the price of a Kia will be super competitive. Inside we have some blue accents for snazziness, look out for a 7inch touchscreen with plenty of buttons, this is no Tesla minimalism. There's an included wireless phone charger, plus plenty of safety tech like Forward Collision Warning with Forward Collision-Avoidance Assist, Smart Cruise Control with Intelligent Stop & Go, and Lane Following Assist. As for their version of Autopilot, it's Level 2, so you'll stay in lane on the freeway with accelerating, decelerating, braking and steering up to 80mph. Korean sales start soon with prices elsewhere announced later this year - that's as specific as they'll be. With 5,000 domestic orders in Korea I would expect them to either service all of them first, or a at split it 50:50 for Korea vs Rest Of The World.   GM TO SELL HONDA ADVANCED ELECTRIC CAR BATTERIES IN NORTH AMERICA Reuters just reported: "General Motors Co will supply advanced batteries to Japan’s Honda Motor Co, the companies said Thursday, a move that could significantly reduce the cost of future electric vehicles at both automakers after 2020. GM and Honda on Thursday said they would “collaborate” on the batteries, with GM supplying cells and modules, mainly for electric vehicles to be sold by both companies in North America. A source familiar with GM’s plans said its current battery cell supplier, Korea’s LG Chem, is expected to provide cells for the new battery, which is mainly a GM design. The new batteries are expected to begin production around 2021, the source said." This looks like the classic win-win. The next gen batteries will be higher energy density than those used in the Bolt and for instance.   DRIVER IN FATAL TESLA AUTOPILOT CRASH DID NOT HAVE HANDS ON WHEEL This is such a horrible story to report on but I want to quickly update you. "The driver of a Tesla who fatally crashed in California in March did not have his hands on the steering wheel at the time of the accident, said a preliminary report from the National Traffic Safety Board on Thursday." according to CNBC.   NEW NISSAN eNV200 CAMPERVAN Nissan's hidden gem is the eNV200, electric van and people carrier which has recently been updated with the 40kWh battery, and thermal management to handle those who use it as a van and rapid charge regularly for business. "Nissan has taken the covers off a new in-house campervan range at the 2018 Madrid Motor Show. The campers, which are currently exclusively for the Spanish market, with an all-electric e-NV200 version included in the line-up." say AutoExpress: "All the campervans offer an extendable roof, which the maker claims allows four people to sit and stand in comfort. They all also come with a double bed, however, the NV300 is the only van to offer sleeping for four, thanks to a second double bed which is made available once the roof is raised. Inside this larger NV300-based model, there’s a fridge, sink, hob and heater to make sure occupants don’t freeze during their fine dining experience." The campervan eNV200 will be popular for those wanting to cut their emissions whilst enjoying the classic campervan roadtrip experience.   DAIMLER TRUCKS NORTH AMERICA UNVEILS TWO ELECTRIC MODELS Daimler press office have been in touch with news that: "Freightliner Trucks premiered two fully electrified commercial vehicles, a Freightliner eCascadia™ heavy-duty truck and a Freightliner eM2 106 medium-duty truck today, during the Daimler Trucks Capital Market and Technology Day here. Freightliner plans to deliver an Electric Innovation Fleet of 30 vehicles to customers later this year for further testing under real-world operating conditions." "The eCascadia has up to 730 peak horsepower. The batteries provide 550 Kwh usable capacity, a range of up to 250 miles and have the ability to charge up to 80 percent (providing a range of 200 miles) in about 90 minutes. The Class 8 tractor is designed for local and regional distribution and drayage. The eM2 has up to 480 peak horsepower. The batteries provide 325 Kwh of usable capacity, a range of up to 230 miles and have the ability to charge up to 80 percent (providing a range of 184 miles) in about 60 minutes. The eM2 is Freightliner's electrified solution for local distribution, pickup and delivery, food and beverage delivery, and last-mile logistics applications." What did Daimler Trucks chief Martin Daum say? “We are the undisputed global leader of the trucking industry and we intend to remain in that position with electric trucks and buses." Just a reminder on the Tesla Semi range - 500 miles. Which Elon said yesterday was already being improved on for the truck which goes on sale in 2020.   PORSCHE MISSION E CROSS TURISMO As well as the Porsche Mission E, the recently unveiled Cross Turismo version is a more rugged version of the same car. Designed to fit your skis in, in you will. And some of the early test mules have been given to journalists in North America. BMWBlog praised the steering and handling, but also said: "It’s also really, really fast. They weren’t allowed to drive it past 50 mph but Porsche claims it has 600 hp from its dual electric motors and is capable of 0-60 mph in 3.5 seconds and 0-124 mph in 12 seconds. The latter performance figure is actually faster than the Tesla Model S P100D. The biggest trick up the Mission E’s sleeves, though, is the fact that it can charge faster than any other electric car before it. With the capability of 800-volt charging, the Porsche Mission E can 250 miles of range in 15 minutes." More of those chargers will be appearing very soon especially in Europe where several networks are at advanced stage of installing them.   EV CHARGING MAP ALLOWS ROUND AUSTRALIA EV TRIPS "It’s now possible to drive around Australia in an electric car, thanks to a comprehensive EV charging station map. The Tesla Owners Club of Australia (TOCA) released its Round Australia Electric Highway map this month." according to EnergyMatters.com.au "However, the map is not complete. There are still gaps in fast-charging stations and places where three phase is not available. As a result, TOCA and the Australian Electric Vehicle Association (AEVA) are offering help to property owners. TOCA and AEVA will give a 32 amp 3 phase electrical outlet free to any site which will help build the Round Australia and Red Centre routes to distance intervals of 300 km max. The property owner must install it reasonably promptly at an accessible location, and agree to let electric vehicles charge there."   I’d love to spread the word about electric cars so, if you can, share this somebody who might be interested. You can listen to every previous episode of this podcast on iTunes, Google Play, Spotify, YouTube, TuneIn, Stitcher, and the blog https://www.evnewsdaily.com/ – remember to subscribe, which means you don’t have to think about downloading the show each day, plus you get it first and free and automatically. It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. And if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing. Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, and I'll catch you tomorrow.   CONNECT WITH ME! evne.ws/itunes evne.ws/tunein evne.ws/googleplay evne.ws/stitcher evne.ws/youtube evne.ws/soundcloud evne.ws/blog