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This week, in the good news category, electric cars just got a lot sexier — Ford unveiled its Mustang Mach-E, an all-electric SUV at a starting price of less than $50,000, and Ford’s CEO expects it will be profitable from the starting line, as well as zero-emission. And for auto racing fans, CNN reported that […]
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The Trump administration opened an anti-trust investigation over an agreement the state of California reached with automakers about producing cars that adhere to tougher emissions standards than the federal government now requires. According to the Wall Street Journal on Friday, “Justice Department lawyers are seeking to determine whether Ford Motor, Honda, BMW AG and Volkswagen AG broke federal competition law by agreeing with California […]
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Ford Motors and Volkswagen announced Friday that they will partner to jointly develop electric and self-driving cars — in a union that plays to the strength of each company, Ford having an advantage on self-driving cars and Volkswagon on electric cars. Volkswagen, since its settlement for fraud violations concerning pollution control systems on their diesel-fueled cars, has been working to bring to market next year a fully electric model called the ID.3, that it will sell for $34,000, making it affordable for middle-income buyers. As a result, Ford will introduce a vehicle in Europe made from VW components in 2023, and plans to sell 600,000 electric cars over six years.
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Last week, both Ford and General Motors (GM), the largest American car manufacturers, announced plans to add jobs in Michigan to build electric vehicles, as both companies plan to substantially expand their lineup of electric vehicles to meet expected growing demand in the U.S. and in an effort to chip away at Tesla’s market share of EVs.
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The major U.S. and foreign auto companies are racing to catch up to Tesla in the EV market, and are using this year’s auto show in Detroit to make the PR point, but there are few vehicles ready for market yet. According to the AP, one of the reasons is that SUVs and trucks make up 72% of the new vehicles sold in the U.S. last month, compared to 49% in December 2012. Thus, these new EVs will need to be SUVs, according to Axios. But only two of the vehicles scheduled to be “rolled out” at the Detroit auto show are electrified, AP notes, and neither is available for sale yet.
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