The Biden Administration may hit the brakes on a proposal to allow electric vehicle manufacturers to profit from mandates on the oil industry to use ethanol and other biofuels, Reuters reported. The administration is concerned about legal challenges to the plan to give EV makers credits they could sell to oil refiners.
Geely’s Zeekr brand has adopted a Tesla cost-cutting technology: Using large aluminum castings formed by a “giga-press” to create chunks of its newest vehicles. Giga-castings can replace scores of small metal parts – and the welding machinery and time required to assemble them.
Wolfgang Porsche said he will retire as chair of Volkswagen’s supervisory board. The grandson of company founder Ferdinand Porsche turns 80 on the day of VW’s annual shareholder meeting, May 10.
It is “unthinkable” for Germany to cut economic ties with China, Mercedes-Benz CEO Ola Kaellenius told German media. Western political leaders talk up reducing dependence on China – and criticize China’s labor and environmental practices. Kaellenius’ comments add to the warnings from Germany Inc that like it or not, China is too big a market – and too important a source of supply – to cast aside.
Ethanol-fueled hybrids have a future in Brazil, the country’s vice president said. The remarks are a reminder that some big global markets are not all-in on EVs. China’s Great Wall Motors last week opened a new factory in Brazil to build flex-fuel hybrid pickup trucks.
Ouch! Ferrari’s F1 cars are “too slow” to win races against Red Bull and Aston Martin, Ferrari team driver Charles LeClerc said after fininshing third in Sunday’s Azerbaijan Grand Prix.
