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Tesla introduces financing product for Model S customers; lease-sale hybrid

Green Car Congress

Tesla Motors, in partnership with Wells Fargo and US Bank, has created an automotive financing product that combines elements of ownership and leasing for Model S customers. Elements of the new program include: US Bank and Wells Fargo have agreed to provide 10% down financing for purchase of a Model S (on approved credit.).

Financing 210
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Ford cutting F-150 Lightning production workforce by two-thirds

Teslarati

The Michigan Assembly plant is getting a third shift as Ford continues to lean on gas vehicle sales to bolster its finances. Ford continues to struggle to sell its EV models, but its ICE pickups, SUVs, and cars are keeping the company healthy. “We definitely need to work to match capacity with demand.

F-150 122
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Big Oil Betting On Electric Vehicles

Green Car Congress

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. Analysts point to a few market forces that need to be addressed before that technology takes off in sales.

Oil 218
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Tesla Supplier LG Energy Solution tempers 2024 revenue expectations

Teslarati

The South Korean battery supplier and Tesla CEO Elon Musk appear to share similar concerns about high interest rates affecting electric vehicle car sales. It explained that global economic uncertainties might affect electric vehicle car sales. LGES announced its Q3 2023 earnings recently.

Energy 93
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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

Limited engagement by dealers, poor purchase experience, or efforts to block innovations in the automotive retail sector could adversely impact sales and slow the growth of the nascent PEV market. Power 2013 Sales Satisfaction Index (SSI) study data on customer satisfaction with new car dealerships and Tesla stores.

Davis 290
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Luxurious new K1 SUV added to Porsche EV charge, Cayenne to go electric

EV Central

Blume said the SUV would have significant sales growth potential in the China and the USA. A battery electric Cayenne SUV was also confirmed at the conference by 2026, while the arrival of the electric 718 Boxster and Cayman sports car was reaffirmed for mid-decade and the BEV Macan is on-sale in 2024.

Cayenne 71
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BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

Green Car Congress

The BMW Group plans to invest more than €30 billion up to 2025 in research and development to underscore its position as an innovation leader, said Oliver Zipse, Chairman of the Board of Management of BMW AG, at the company’s Annual Accounts Press Conference in Munich. This also expresses our confidence for the future business development.

BMW 291