article thumbnail

EIA: US average gasoline prices before Memorial Day highest since 2014

Green Car Congress

The average retail price for regular gasoline in the United States on 24 May, the Monday before the Memorial Day weekend, was $3.02 per gallon (gal), the highest gasoline price before Memorial Day since 2014, according to the US Energy Information Administration’s (EIA’s) weekly Gasoline and Diesel Fuel Update. gal for several weeks.

Gasoline 243
article thumbnail

Archer taps FCA to accelerate eVTOL production

Green Car Congress

Archer, a manufacturer of electric vertical takeoff and landing (eVTOL) aircraft, and Fiat Chrysler Automobiles (FCA) have entered into a definitive agreement to enable Archer to benefit from access to FCA’s low-cost supply chain, advanced composite material capabilities, and engineering and design experience. trillion by 2040.

article thumbnail

SAFE report addresses US aluminum sector’s energy challenges; more US production of primary aluminum needed

Green Car Congress

The SAFE Center for Strategic Industrial Materials (C-SIM) released the first report in a series of policy papers regarding the various issues impacting domestic primary aluminum production: The US Aluminum Industry’s Energy Problem and Energy Solution. Production of primary aluminum from allied countries is also decreasing or stagnant.

UAE 259
article thumbnail

Acura Integra Kind S: Acura’s untouched halo automobile

Baua Electric

Supposed to be a distinctiveness automobile, the Integra Kind S goals the motive force extra excited about terminating efficiency. The Integra Kind S replaces the NSX hybrid-electric supercar that was once retired endmost date and represents a untouched product technique for Acura. liter engine recalibrated to bring 320 hp.

Acura 52
article thumbnail

Saab Automobile secures short-term funding; production to resume

Green Car Congress

(Spyker) has secured the short-term funding of Saab Automobile AB (Saab Automobile) by entering into a €30-million (US$44.6 The interest rate of the loan is 7% per annual and the conversion price is Euro;4.88 With the receipt of these funds, Saab Automobile secured the liquidity that is required to restart production.

article thumbnail

Ford, GM see robust U.S. shopper call for for automobiles

Baua Electric

Tesla CEO Elon Musk in January forecast a “serious recession” and due to this fact started slashing costs at the electrical automobile corporate’s automobiles. On the identical week, the corporate is eager about slashing engineering and production prices via 50 p.c Since later, U.S.

article thumbnail

Polestar 3 officially unveiled in China, price cut by about $29,080 from previous

CN EV Post

Polestar has officially unveiled the Polestar 3 in China today with what it calls a new pricing system. | Polestar.US Polestar gave the Polestar 3 SUV its global debut on October 12 , 2022, when it announced its two versions with starting prices in China of RMB 880,000 and RMB 1,030,000, respectively.

China 135