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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Auto parts suppliers have been struggling with lower-than-expected demand for their EV components, as carmakers shift their focus toward producing affordable hybrid vehicles instead. The Aurora, Ontario-based company also recorded asset impairments and restructuring costs of USD 316 million related to troubled EV startup Fisker.

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DOE taking steps to revitalize Advanced Technology Vehicles Manufacturing (ATVM) Loan Program

Green Car Congress

The LPO made a total of 5 awards; the other four were: $529 million to Fisker (discontinued). The US auto industry has evolved since the ATVM Program was established and today we are presented with an opportunity to hit the accelerator on US auto manufacturing growth. 5.907 billion to Ford (closed).

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Welcome to the Year of the EV—Whatever It Will Be

Clean Fleet Report

The impact on the auto industry, particularly the still growing electric sector, could be profound. Fisker looks to join the crowded market. There may be no more “return to normal” or even a semi-normal. Mass events may become a thing of memory. Masks may become everyday wear and precautions will be permanent.

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137. BATTERY MANAGEMENT IS DISRUPTING THE VALUE CHAIN IN ELECTRIC VEHICLES: THE CHANGING SUPPLY CHAIN — PART 2

Qnovo

At a market capitalization exceeding $700 billion, Tesla enjoys a unique financial position among all auto manufacturers to expand its investments in electric vehicles and infrastructure. We are in the midst of deep disruption to the auto industry. The entire supply chain feels the pressure to adapt to electrification.

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Nissan Leaf – Taking Reservations

Revenge of the Electric Car

Others include the Fisker Karma, the Aptera 2e, the Coda sedan, Chevy’s Volt and Tesla’s Model S. Electric vehicles are powered by batteries instead of internal combustion engines. Tang, a software engineer, says there’s a lot of “FUD&# — fear, uncertainty and doubt — about EVs. ’ &#.

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Bright’s Plug-In Car: Aerodynamics Are Key

Revenge of the Electric Car

By reducing wind resistance and weight, the company’s engineers effectively are reducing the amount of work an electric engine will have to perform to get the car up to driving speeds, which in turn conserves battery power.&#. The car will go 30 miles on batteries before the gas engine kicks in and be street-legal.

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One way or another, Fisker Automotive may soon be off the market

Green Car Congress

Two German investors, Ingo Voigt and Fritz Nol, announced their intent to buy Fisker Automotive, the failing plug-in hybrid car company, on 11 September. The team submitted a detailed offer to the US Department of Energy (DOE) along with a letter of intent for restructuring Fisker. DOE auctioning off the Fisker loan.

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