News

Ford CEO Jim Farley says that the company is addressing the situation where dealers are charging ‘unreasonable’ markups on the F-150 Lightning electric pickup and other vehicles. The demand for Ford’s first electric pickup truck has been through the roof. It managed to accumulate 200,000 reservations, but it has had issues in the conversion to orders. This has to go through Ford…

Swedish electric surfboard company Awake has spent several years enjoying elite status in its industry, known for creating the most extreme electric surfboards that money can buy. And now with the Awake RÄVIK S 22, the company is splashing down with yet another new board that continues to push the limits of what e-surfboards can do. Awake calls the new board “an even more perfected version of…

Volvo Cars has shared news that it plans to invest SEK 10 billion (~$1.09 billion) in its Torslanda manufacturing plant in Sweden, to deliver advanced production practices for its next generation of fully electric vehicles. This includes mega casting of aluminum body parts, a new battery assembly plant, and more. Volvo Cars Corp. is a global automaker headquartered in Torslanda, Sweden that is…

Nikola Motors (NKLA) has lost almost its entire supply chain leadership over the last few months as the situation at the company is starting to look dire. Sources familiar with the matter say that the company put a hiring freeze in place for now. The last year has been tough for Nikola Motors. The startup known for trying to bring electric and hydrogen-powered trucks to market has been in hot…