The CEO of Canoo is buying nearly all of the defunct EV startup’s assets out of bankruptcy, according to a court filing. A new entity controlled by the CEO, Anthony Aquila, has offered to purchase “substantially all” of the assets for $4 million in cash. The sale will also wipe clean a more-than-$11 million debt […]
Canoo’s CEO is buying the bankrupt EV startup’s assets Read More »
Volkswagen’s ultra-cheap EV called the ID EVERY1 — a small four-door hatchback revealed Wednesday — will be the first to roll out with software and architecture from Rivian, according to a source familiar with the new model. The EV is expected to go into production in 2027 with a starting price of 20,000 euros ($21,500).
Volkswagen’s cheapest EV ever is the first to use Rivian software Read More »
“Lucky me,” I thought as I navigated the 2025 Hyundai Ioniq 5 into the last spot of a Tesla Supercharging station in Palm Springs. The EV didn’t really need any juice. But this refreshed compact all-electric SUV comes equipped with Tesla’s North American Charging Standard port; it was time to test out how well Hyundai
Hyundai’s new Tesla charging port comes up short Read More »
Rivian’s cost–cutting measures have gotten it a lot closer to profitability, but the company is warning that 2025 could still be a challenging year – especially because of the whorl of uncertainty caused by the new Trump Administration. The company announced Thursday its fourth quarter and full-year 2024 financial results, and along with it, shared
Electric trucking startup Nikola is hoping to sell what remains of its whole business as early as April, lawyers for the company told a judge Thursday during the first hearing of its bankruptcy case in Delaware. The lawyers claimed Nikola already has at least three interested buyers (who they did not name) and that the
Bankrupt Nikola wants to sell its whole business by April Read More »
‘Lucky me,’ I thought as I navigated the 2025 Hyundai Ioniq 5 into the last spot of a Tesla Supercharging station in Palm Springs. The EV didn’t really need any juice. But this refreshed compact all-electric SUV comes equipped with Tesla’s North American Charging Standard port; it was time to test out how well Hyundai
Hyundai’s new Tesla charging port comes up short Read More »
Rivian will sell its commercial electric vans to any U.S. business that wants one — more than a year since ending an exclusivity deal with backer Amazon. The company will sell two vans — the smaller 500 and the larger 700 — but buyers will have to be registered businesses, according to the company. That
Rivian opens commercial van sales to all businesses Read More »
Ford CEO Jim Farley has a question about President Donald Trump’s threatened tariffs on imports from Mexico, Canada, and China: Why stop there? Farley said in a conference call Wednesday that Trump’s selective approach “doesn’t make sense.” “Why are we having this conversation while Hyundai-Kia is importing 600,000 units in the U.S. with no incremental
Ford goes protectionist as EV losses top $5B Read More »
Scout Motors’ plan to eschew traditional dealerships and sell EVs directly to consumers is running into legal trouble. A group of Volkswagen and Audi dealers filed a lawsuit this week against Scout Motors, the EV that spun out of Volkswagen. The lawsuit, which was first reported by Automotive News, seeks to block Scout’s direct-to-consumer sales
Scout Motors sued over plan to sell EVs direct to consumers Read More »
In May 2023, Ford triggered a transformation when the U.S. automaker locked in a deal to give owners of its EVs access to the Tesla Supercharger network. In a stunning shift, automaker after automaker — from GM and Hyundai to Rivian and Mercedes — followed suit. By the end of 2023, nearly every major automaker
Tesla Superchargers: GM, Ford, Rivian, and other EV brands with access Read More »
