AutoSector.com ®

Month: February 2021

Airlines meet with Biden officials to push for green-fuel breaks

Chief executives of the nation’s largest passenger and cargo airlines met with key Biden administration officials Friday to talk about reducing emissions from airplanes and push incentives for lower-carbon aviation fuels. The White House said the meeting with climate adviser Gina McCarthy and Transportation Secretary Pete Buttigieg also touched on economic policy and curbing the …

Airlines meet with Biden officials to push for green-fuel breaks Read More »

Cooper recalls 430K truck and SUV tires due to sidewall bulges

DETROIT  — Cooper Tire is recalling more than 430,000 truck and SUV tires in the U.S. because they can develop sidewall bulges that could lead to tire failure. The recall covers certain Discoverer, Evolution, Courser, Deegan, Adventurer, Hercules, Back Country, Multi-Mile, Wild Country and Big O tires in several sizes. The company says in documents …

Cooper recalls 430K truck and SUV tires due to sidewall bulges Read More »

Fastned Successfully Raises €150 Million For Further Expansion

Fastned, the European fast-charging network, has successfully completed an accelerated bookbuild offering (of 1,875,000 new depositary receipts of ordinary shares, at €80 each) to qualified investors, which results in €150 million ($181 million) in gross proceeds. According to the press release, the new securities represent about 12.5% of the company’s existing issued share capital. Fastned explains …

Fastned Successfully Raises €150 Million For Further Expansion Read More »

Germany: Plug-In Cars Capture One Fifth Of The Market In January 2021

Germany starts the year 2021 with more than doubling plug-in electric car sales in January, despite that the overall market decreased by 31%! In total, 36,903 passenger plug-ins were registered, which is 129% more than in January 2020, while the market share increased to 21.7%! Sales of BEVs and PHEVs more than doubled: BEVs: 16,315 …

Germany: Plug-In Cars Capture One Fifth Of The Market In January 2021 Read More »

How idled car factories supercharged a push for U.S. chip subsidies

When President Joe Biden on Wednesday stood at a lectern holding a microchip and pledged to support $37 billion in federal subsidies for American semiconductor manufacturing, it marked a political breakthrough that happened much more quickly than industry insiders had expected. For years, chip industry executives and U.S. government officials have been concerned about the …

How idled car factories supercharged a push for U.S. chip subsidies Read More »

Acura boss says the brand needs to focus on performance first, EVs second

Despite parent company Honda’s green and friendly brand image, luxury marque Acura hasn’t made a grand statement about electrifying their lineup. Even as brands like Jaguar, Land Rover, Bentley, and Infiniti pledge to entirely electrify their lineups in the coming decade, Acura has held back. The reason, according to Acura head honcho Jon Ikeda, is …

Acura boss says the brand needs to focus on performance first, EVs second Read More »

Quick Charge Podcast: February 27, 2021 – Electrek

Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee …

Quick Charge Podcast: February 27, 2021 – Electrek Read More »