Interesting Car/Truck Manufacturer News

SID297

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Suddenly, I like Porsche a lot more. Hard to believe fuel availability will be there.

Porsche looks to e-fuels as way to keep traditional engines an option
Dec. 2, 2020 2:56 PM ET|About: Porsche Automobil Holding SE (POAHY)|By: Clark Schultz, SA News Editor


Porsche (OTCPK:pOAHY) is investing around $24M in the development of e-fuels to replace gasoline in non-electric vehicles.

The approach would allow the brand to keep an traditional engine model viewed as environmentally-friendly alongside its EV entries.

E-fuels are produced by a complex process using water, hydrogen and carbon dioxide to create a "renewable methanol" by filtering from CO2 the air and combining it with hydrogen from water to produce synthetic methanol.

So steal food from plants in order to expensively make the simplest form of alcohol? We're going to need more nuclear plants.
 

Weather Man

Persistance Is A Bitch
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Go through drive thru, plug in and eat, then unplug....hmmmmm.

Blink Charging to deploy EV charging stations across Burger King locations
Dec. 3, 2020 10:12 AM ET|About: Blink Charging Co. (BLNK)|By: Khyathi Dalal, SA News Editor


Blink Charging (BLNK +6.0%) inked an agreement with JSC Management, a large Burger King franchisee, for deploying 26 dual-port Level 2 IQ 200 EV charging stations at key Burger King locations across the Northeast.

The company will maintain ownership of the charging stations and additional JSC locations will be added to the Blink network in late 2020/early 2021.

Through this agreement, JSC will host the Level 2 IQ 200 fast charging stations while Blink will retain ownership and operate the stations.
 

Weather Man

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Daimler to invest €70B from 2021-2025 towards electrification and digitization
Dec. 3, 2020 12:58 PM ET|About: Daimler AG (DMLRY)|By: Niloofer Shaikh, SA News Editor


To accelerate ongoing transformation towards electrification and digitization, Mercedes-Benz’s parent company Daimler AG (OTCPK:DMLRY -0.8%) confirms €70B investment for business plan from 2021 through 2025.

Within this business plan period, Mercedes-Benz Cars' R&D expenditure and capex to decrease more than 20% in 2025 than in 2019 and Daimler Trucks will be able to accelerate its plans towards emission free transportation.

Michael Brecht, Chairman of the General Works Council of Daimler AG: "After controversial discussions in recent weeks, we have achieved that, in addition to the Daimler investment plan, a transformation fund of €1 billion is to be established. The General Works Council has called for this transformation fund in order to enable additional investment in the ongoing development of our sites. In this way, we can mitigate the disruption of the transformation and send an important signal to our colleagues. The additional funding gives us more opportunities to implement new technologies and products in our plants, thus protecting jobs and know-how. The fund is therefore an important element to make the transformation at Daimler a fair one."
 

RedVenom48

Let's go Brandon!
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So steal food from plants in order to expensively make the simplest form of alcohol? We're going to need more nuclear plants.
Far smarter to invest in Ethanol power cars. Technology for Ethanol production can now use the whole plant media. So for corn they use the kernels, husts, cob, stalks errthang.
 

Weather Man

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Just trying to imagine a self driving semi deciding it is in the correct lane on a snow covered road.

Foresight Autonomous rallies on taking part in automation of future heavy-duty vehicles
Dec. 4, 2020 8:18 AM ET|About: Foresight Autonomous Hold... (FRSX)|By: Khyathi Dalal, SA News Editor


European Commission, through the Horizon 2020 framework program, awarded a funding grant of ~€20M for the All Weather Autonomous Real logistics operations and Demonstrations (AWARD) consortium for developing and operating safe autonomous heavy-duty vehicles in harsh weather conditions in different scenarios, Foresight Autonomous Holdings (NASDAQ:FRSX) +17.6% PM, announced.

In the project framework, Foresight will provide its QuadSight multispectral vision solution, and is expected to receive ~$1M.

The AWARD project will be rolled out in 2021 for a period of three years.

Foresight joined the AWARD consortium on May 15, 2020.
 

kazman

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Who was the first person that came up with idea of divorcing the human operator and their vehicle? If there is ever a time machine I'd like to go back and kick their ass.
 

DSG2003Mach1

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Go through drive thru, plug in and eat, then unplug....hmmmmm.

Blink Charging to deploy EV charging stations across Burger King locations
Dec. 3, 2020 10:12 AM ET|About: Blink Charging Co. (BLNK)|By: Khyathi Dalal, SA News Editor


Blink Charging (BLNK +6.0%) inked an agreement with JSC Management, a large Burger King franchisee, for deploying 26 dual-port Level 2 IQ 200 EV charging stations at key Burger King locations across the Northeast.

The company will maintain ownership of the charging stations and additional JSC locations will be added to the Blink network in late 2020/early 2021.

Through this agreement, JSC will host the Level 2 IQ 200 fast charging stations while Blink will retain ownership and operate the stations.

who the **** eats at BK anymore, yet alone people that can afford a Tesla. They gonna be going through Chickfila then parking and eating at BK
 

Weather Man

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Some Cadillac dealers dump brand rather than sell electric cars - WSJ
Dec. 4, 2020 3:42 PM ET|About: General Motors Company (GM)|By: Carl Surran, SA News Editor


At least some retailers seem skeptical about making the change to battery-powered vehicles, as WSJ reports ~150 General Motors (GM +0.4%) dealers have decided to part ways with Cadillac rather than invest in costly upgrades required to sell electric cars.

According to the report, GM recently gave Cadillac dealers a choice: Accept a buyout offer of as much as $1M-plus to exit the brand or spend ~$200K on dealership upgrades including charging stations and repair tools to get their stores ready to sell electric vehicles, and ~17% of Cadillac's 880 U.S. dealerships agreed to take the offer to end their franchise agreements for the brand.

Some dealers have said they are wary of making upfront investments when EVs now account for just 2% of the overall U.S. vehicle market.

GM "has cast its fate on the presumption of an EV future that will define global mobility, and one that it will dominate along with a few other players," Doron Levin writes in an analysis posted recently on Seeking Alpha.
 

Weather Man

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Ford to delay Bronco SUV to summer 2021 - CNBC
Dec. 4, 2020 5:57 PM ET|About: Ford Motor Company (F)|By: Carl Surran, SA News Editor


Ford (NYSE:F) has told its dealers that it will delay the launch of its upcoming Bronco SUV from spring to summer of next year due to COVID-related problems in its supply chain, CNBC reports.

Customer reservation orders for the highly anticipated vehicles were expected to begin Monday, but they have now been delayed until mid-January, according to the report.

CNBC says the Bronco postponement is a troubling sign for Ford and potentially the U.S. auto industry, if problems with suppliers re-emerge due to rising coronavirus cases.

As the virus spread during the spring, automakers had to delay several products by months due to supplier problems or to conserve capital, and they shut domestic factories for several weeks.

Ford has said more than 150K people have placed reservations for the Bronco, which it last produced during 1965-96.
 

Weather Man

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Nissan joins GM in abandoning Trump bid on vehicle emissions rules
Dec. 4, 2020 4:59 PM ET|About: Nissan Motor Co., Ltd. (NSANY)|By: Carl Surran, SA News Editor


Nissan (OTCPK:NSANY) says it will exit a group of automakers that had backed the Trump administration's bid to prevent California from setting its own vehicle emissions rules, in the latest sign of the shifting politics of gas mileage rules since Joe Biden won the presidential election.

Last week, General Motors reversed course in the ongoing court fight, after joining Toyota, Fiat Chrysler, Nissan and other automakers last year in supporting Trump effort's to bar California from setting its own fuel efficiency rules or zero-emission requirements for vehicles.

Nissan says it is "confident that productive conversations among the auto industry, the Biden administration and California can deliver a common-sense set of national standards that increases efficiency and meets the needs of all American drivers."
 

ON D BIT

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Local Ford dealer hurting on pickup inventory.

Ford's November sales plunged 20.9% Y/Y
Dec. 2, 2020 9:54 AM ET|About: Ford Motor Company (F)|By: Niloofer Shaikh, SA News Editor


Ford Motor (F -0.5%) reports U.S. sales declined 20.9% to 149,931 vehicles in November.

Truck sales down 20.9% to 78,630 units, Car sales squeezed 39.1% to 11,037 units and SUVs fell 16.4% to 60,264 units.

Total retail sales down 16.7%: Truck -20.1%, Cars -25.9% and SUV -10.5%.

F-Series sales down 27.2% to 52,698, impacted by lower inventories attributed to the lingering effects of the Q2 coronavirus production stoppage combined with the transition to the all-new F-150.
What happens when you don’t sell cars anymore and then combined with low inventory and no one wanting the old 150 and the new 150 not on dealer lots yet....

Ford did this to themselves....
 

Weather Man

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What happens when you don’t sell cars anymore and then combined with low inventory and no one wanting the old 150 and the new 150 not on dealer lots yet....

Ford did this to themselves....

Supply chains are being affected for all by covid. As the 2020 truck inventory dwindles, which it is, it becomes harder to sell a customer exactly what he is looking for. The new 2021 models can be stopped by a single part, as there is no existing inventory.
 

Weather Man

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Are they -20%

  • Retail Unit sales:
    saupload_TRUE_thumb1.jpg
 

CobraBob

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About 150 US Cadillac dealers to exit brand, rather than sell electric cars

About 150 General Motors Co. dealers have decided to part ways with Cadillac, rather than invest in costly upgrades required to sell electric cars, according to people familiar with the plans, indicating some retailers are skeptical about pivoting to battery-powered vehicles.

GM recently gave Cadillac dealers a choice: Accept a buyout offer to exit from the brand or spend roughly $200,000 on dealership upgrades—including charging stations and repair tools—to get their stores ready to sell electric vehicles, these people said.

The buyout offers ranged from around $300,000 to more than $1 million, the people familiar with the effort added. About 17% of Cadillac’s 880 U.S. dealerships agreed to take the offer to end their franchise agreements for the luxury brand, these people said.

Most dealers who accepted the buyout also own one or more of GM’s other brands—Chevrolet, Buick and GMC—and sell only a handful of Cadillacs a month, the people familiar with the effort said.

The skepticism from some Cadillac dealers underscores that, even as investors bid up the value of electric vehicles, questions persist about interest among consumers and the retailers who serve them.

Here's the full article. About 150 US Cadillac dealers to exit brand, rather than sell electric cars


 

Weather Man

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Nikola says it is on pace with electric truck plant
Dec. 7, 2020 2:04 PM ET|About: Nikola Corporation (NKLA)|By: Clark Schultz, SA News Editor


Nikola (NKLA -2.1%) is looking for some traction with an update on its electric truck manufacturing plant.
saupload_nkla.png


"Currently, the construction of the Phase 1 assembly shop is on track to be completed toward the end of 2021," notes the company.

Read last month's earnings call transcript for more details on Nikola's plans for 2021.

Shares of Nikola have ranged from $10.27 to $79.73 this year. See the advanced chart.
 

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