19 Articles
Sep 22, 2020 Breaking
Ford, Unifor avoid strike, plan five electrified models

Five electrified models will be built in Ford's Ontario facility

The union representing Canadian auto workers says it has reached a tentative three-year contract deal with Ford to build five new electric vehicles at a factory near Toronto. Unifor President Jerry Dias says the deal was reached early Tuesday after an all-night bargaining session. It includes $1.95 billion Canadian ($1.46 billion) in factory investments at Ford’s three Canadian factories that employ about 5,400 workers.

Byron Hurd
Sep 22, 2020 Green
Tesla Battery Day: Have electric cars hit cost parity with internal combustion?

Batteries currently make up a quarter to a third of an electric vehicle's cost

As automakers shift from horsepower to kilowatts to comply with stricter environmental regulations, investors are looking for evidence that Tesla can increase its lead in electrification technology over legacy automakers who generate most of their sales and profits from gasoline-powered vehicles. Musk, who frequently launches new products in attention-grabbing, show-like announcements, has fueled expectations for Battery Day over the past months, in April calling the event "one of the most exci

Reuters
Sep 22, 2020 Green
Polestar plans to double showrooms this year and move into new markets

Plans to sell 50,000 electric vehicles annually within a couple of years

Polestar, the performance electric vehicle maker based in Sweden and owned by China's Geely, plans to double the number of showrooms in existing markets this year and expand to new countries in Asia and the Middle East, its CEO said on Tuesday. The automaker started producing its Polestar 2 sedans this year in China and sells them in China, Europe and the United States. It plans to expand its sales network and is looking at new markets in the Asia Pacific region and the Middle East, Chief Exec

Reuters
Sep 22, 2020 Breaking
NBA great Michael Jordan forms NASCAR team with Bubba Wallace as driver

Daytona 500 winner Denny Hamlin will be a minority partner, but still drive for Gibbs

Jordan, a six-time NBA champion, will serve as principal owner of the team with Hamlin a minority partner while he continues to drive for Joe Gibbs Racing. Wallace, the only Black driver at NASCAR's top level, was thrust into the spotlight this year when his calls for NASCAR to ban the Confederate flag -- which many Americans see as a symbol of oppression -- at all events was ultimately adopted.

Associated Press
Prev
/ 2
Share This Photo X