Japan announces $1.8B in subsidies for storage battery, chip projects

Ford (F) cuts price of Mach-E after Tesla (TSLA) raises prices in multiple markets

Ford (NYSE: F) announced Tuesday that the American automaker is cutting prices on its Mustang Mach-E electric vehicle and reopening orders after a series of price cuts by rival automaker Tesla Inc (NASDAQ: TSLA).

Ford said it is cutting most Mach-E prices by $3,000 or $4,000 depending on the version. Last month, the federal EV tax credit for the Mach-E fell in half to $3,750 from $7,500 after new... More

Piper Sandler cuts price target on Tesla (TSLA) following 10-Q filing

Piper Sandler reiterated an Overweight rating on Tesla (NASDAQ: TSLA) and cut their price target on the stock to $280.00 (From $300.00) to reflect information extracted from the electric automakers 10-Q filing.

Analyst Alexander Potter wrote in a note, Most investors will be unsurprised to learn that... More

Tesla (TSLA) raises prices in key markets around the world; not about demand say Citi

American electric vehicle giant, Tesla (NASDAQ: TSLA) announced a price hike Tuesday for all variants of the companys Model 3 and Model Y vehicles in key markets, including the U.S., China, Japan, and Canada after several cuts this year. Citi analyst Jeff Chung believes that the hike is not about recovering demand.

According to our channel checks with dealers, we estimate new order... More

U.S. might delay decision to add EVs to biofuel credit program

According to a Reuters report Monday, citing unnamed sources, that the United States Government could delay a decision on giving eRIN tradable credits to EVs under a renewable fuel program over concerns about expected legal challenges.

Last year, the U.S. Environmental Protection Agency (EPA) proposed to significantly expand the current Renewable Fuel Standard (RFS) to include the so-called eRIN proposal which would allow automakers to generate eRINs tradable credits based on the EVs they sell by establishing contracts with parties that produce electricity from biogas.

The plan would have... More

Daimler joint venture to build $650M nationwide charging network for electric trucks

Mercedes-Benz owned Daimler Truck on Friday introduced Greenlane, the name of its joint venture with NextEra Energy and BlackRock Alternatives.

The more than $650 million joint venture was formed to design, develop, install and operate a U.S. nationwide, high-performance zero-emission public charging and hydrogen fueling network for medium- and heavy-duty battery-electric and hydrogen fuel cell vehicles.

They also unveiled renderings of the site layout as a major milestone in the development of the... More

Texas house approves $200 annual fee on EVs, bill heads to Gov. Abbott’s desk

A Texas bill requiring electric vehicle drivers to pay an additional annual $200 fee passed the state House of Representatives Thursday with a unanimous vote of 145-0. SB 505 will now head to Gov. Greg Abbotts desk where it is expected to be signed.

Republican state Sen. Robert Nichols, who sponsored the legislation, said an additional electric vehicle fee is necessary because EV drivers don't pay gas taxes when they fuel their vehicles.

"As... More

Tesla (TSLA) drops price of 7-seat Model Y option by $1,000

Electric auto company Tesla (NASDAQ: TSLA) has dropped the price of its 7-seat option for its Model Y to $3,000, down from $4,000 previously.

The standard Model Y includes five seats, but buyers can upgrade to an option for seven seats. The Model Ys rear seats face forward, unlike the rear-facing seat... More

Toyota-affiliate Daihatsu rigged safety tests of 88,000 vehicles

Toyota (NYSE: TM) affiliate Daihatsu rigged part of the door in side-collision safety tests carried out for some 88,000 small cars, most of which were sold under the Toyota brand, the companies said on Friday.

Daihatsu said it had discovered the rigged safety test after a whistleblower report. It said it had reported the issue to regulatory agencies and stopped shipment of affected models.

They said the door trim on the affected vehicles had been modified with a... More

Glass Lewis recommends vote against Tesla board nominee JB Straubel

SAN FRANCISCO (Reuters) - Proxy advisory firm Glass Lewis recommended Tesla Inc shareholders vote against board nominee JB Straubel at the electric carmaker's annual meeting next month, raising concerns regarding his independence.

Straubel is a co-founder of Tesla and served as its chief technology officer before stepping down in 2019. Straubel has since founded Redwood Materials Inc, a battery recycling and materials company.

"The unwinding of conflicting relationships between former management and board members is more likely... More

Tesla (TSLA) pulls Models S and X orders from Australian website

American electric vehicle giant Tesla (NASDAQ: TSLA) updated its Australian website Wednesday night to reflect that the company is no longer accepting orders for either the Model S or Model X from customers in the country. Prospective buyers will only be able to receive updates and not place orders for the companys flagship vehicles.

The $400 refundable pre-order option... More

Honda (HMC) and Honda USA award over $2.7M to advance environmental conservation activities

Japanese automaker, Honda (NYSE: HMC) and the Honda USA Foundation announced Thursday that they have awarded more than $2.7 million in funding to a variety of environmental education and conservation initiatives across the U.S.

The funding includes $625,000 to support The Nature Conservancy (TNC) programs across 10 states and an additional $2 million in financial grants to 67 organizations undertaking environmental and conservation initiatives across multiple... More

Honda (HMC) and GS Yuasa to invest $3b for battery development

The Nikkei news reports Thursday that Honda Motor (NYSE: HMC) alongside battery maker GS Yuasa Corp will invest over 400 billion yen ($2.99 billion) and team up to produce batteries for electric vehicles (EVs) and homes.

The report states that the companies will... More

BYD posts fivefold jump in 1Q profit

Chinese electric automaker BYD Co. posted a fivefold jump in its first-quarter profit on Thursday.

Net profit for the first three months of the year was 4.13 billion yuan ($596.56 million), up 410.9% from 808.41 million yuan a year earlier, on revenue up 79.8% at 120.17 billion yuan, the company said in a stock... More

Toyota (TM) inches past production goal, warns of lingering chip shortage

Japan's Toyota Motor (NYSE: TM) said Thursday that the Japanese automaker has produced 9.13 million vehicles in the 12 months through March 31, a fraction ahead of its target, though that goal was downgraded twice from an initial goal for the year of around 9.7 million amid industry... More

Joby Aviation (JOBY) and Toyota (TM) Expand Partnership with Long-Term Supply Agreement for Key Powertrain and Actuation Components

Joby Aviation, Inc. (NYSE: JOBY), a company developing all-electric aircraft for commercial passenger service, today announced it has signed a long-term agreement with Toyota Motor Corporation Inc. (NYSE: TM) to supply key powertrain and actuation components for the production of the Companys aircraft.

The agreement builds on the long-standing partnership between Joby and Toyota, which has seen the two companies collaborate on a wide variety of projects to support the production and assembly of the Joby aircraft, including advising on the design of Jobys pilot... More

Hyundai plans Russian exit, negotiates sale of factories

South Korean media reports Wednesday that automaker Hyundai Motors is planning to exit Russia and sell its manufacturing plants.

South Korean TV network MBC reported that negotiations to sell Hyundai's factories in Russia are in the final stage, adding that the automaker has been waiting for a final... More

U.S. board rules Tesla (TSLA) violated labor laws by silencing workers

A U.S. labor board official ruled Tuesday that supervisors at Teslas (NASDAQ: TSLA) Florida service center have violated labor law by telling employees that they should not discuss pay and other working conditions, or bring complaints to higher level managers.

Management at the Orlando repair shop illegally silenced workers in 2021 after some of them complained that new hires were being paid more,... More

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Tesla (TSLA) Falls to Low, Down 3.5%

Tesla (NASDAQ: TSLA) Falls to Low, Down 3.5%

Tesla broke U.S. labor law by silencing workers, official rules

By Daniel Wiessner

(Reuters) - Tesla Inc supervisors at a Florida service center violated U.S. labor law by telling employees not to discuss pay and other working conditions or bring complaints to higher level managers, a U.S. labor board official has ruled.

Managers at the Orlando repair shop illegally silenced workers in 2021 after some of them complained that new hires were being paid more, according to the decision issued Tuesday by National Labor Relations Board (NLRB) Administrative Law Judge Michael Rosas.

The judge ordered Tesla to cease and desist from violating workers'... More

Honda (HMC) enters collaboration agreement with TSMC

Honda Motor Co. (NYSE: HMC) said Wednesday that the Japanese automaker had struck a strategic collaboration agreement with Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW) as part of efforts to secure a stable supply of semiconductors.

Honda will build direct relationships with chip producers for the long-term stable supply of... More

Microsoft, Boeing, Humana rise premarket; Alphabet falls

Investing.com -- Stocks in focus in premarket trade on Wednesday, April 26th. Please refresh for updates.

Microsoft (NASDAQ: MSFT) stock rose 8% after Britains top competition regulator moved to block the software giants expensive acquisition of video game publisher Activision... More

Honda's (HMC) Briefing on 2023 Goals and Progress

Honda Motor Co., Ltd. (NYSE: HMC) today held a press briefing on the progress it has achieved toward its business transformation and electrification. The Honda executives presenting at the event included the following:

- Toshihiro Mibe, Director, President and Representative Executive Officer

- Shinji Aoyama, Director, Executive Vice President and Representative Executive Officer

A summary of the briefing follows:

1. Five Key Factors Honda is focused on

Honda strives to realize the joy and freedom of mobility for people around the world with zero environmental impact and zero traffic collision fatalities... More

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Jefferies downgrades Tesla (TSLA) to Hold after price cuts

Jefferies analyst Philippe Houchois downgraded Tesla (NASDAQ: TSLA) shares to Hold from Buy after the electric vehicle (EV) maker implemented several rounds of price cuts to boost demand for its products.

The price target goes to $185 per share, down from the prior $230, signaling returns of ~14% relative to... More