article thumbnail

Toyota says it would rather buy credits than ‘waste’ money on EVs

Baua Electric

As the car industry’s largest hybrid pusher, Toyota says it is better positioned to just buy credits to close the EPA gap rather than “waste” money on BEVs, its CEO said. Wasted investment is worse than the credit purchase,” he added. Our dealers ask us every day how [we will compete with China in the U.S.] Get started here.

Waste 52
article thumbnail

BMW Group extends aluminum recycling to Dingolfing press shop

Green Car Congress

BMW’s press shop in Dingolfing—the largest of the BMW Group worldwide—is the first in which all aluminum sheet waste is separated and recycled to make it reusable for industry. When producing components in the press shop, there is always a waste of sheet metal. The BMW Group has invested around €6.5

BMW 324
article thumbnail

Ford reduces F-150 Lightning production to boost gas vehicle output

Teslarati

Ford is shifting its production strategy toward two gas vehicles, with the automaker this week reiterating plans to reduce production of its F-150 Lightning electric pickup. The news comes after Ford finished 2023 with its best-ever quarter for EVs while landing best-selling vehicles in two separate electric segments.

F-150 124
article thumbnail

Ford Scales Back Michigan Battery Plant Investments

The Truth About Cars

Ford has said it will restart construction on the electric vehicle battery facility it’s building in Marshall, Michigan, after pausing work when the UAW strike kicked off a couple months ago. From Ford: While we remain bullish on our long-term strategy for electric vehicles, we are re-timing and resizing some investments.

article thumbnail

Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford was one of the first full-line US automakers to pledge to reduce greenhouse gas emissions from its vehicles, operations and supply chain in alignment with goals of the accord. A significant portion of related financing will go toward accelerating Ford’s leadership in electric vehicles. Vigeo Eiris, an arm of Moody’s Corp.,

Financing 170
article thumbnail

Audi e-gas plant qualified to participate in balancing market to stabilize grid

Green Car Congress

The Audi e-gas plant in the city of Werlte in Lower Saxony ( earlier post ) produces CO 2 neutral-fuel (synthetic methane from water, renewable electricity and CO 2 ); it now also contributes toward stabilizing the public power grid. This therefore considerably increases the overall efficiency of the Power-to-Gas/biogas plant.

Audi 150
article thumbnail

Audi introduces new A4 Avant g-tron; Audi e-gas offered as standard

Green Car Congress

Audi has introduced the natural-gas-fueled A4 Avant g-tron; dealers in Europe will begin taking orders for the midsize model starting in early summer 2017. Additionally, Audi is now offering e-gas to power the A3 Sportback g-tron as standard; customers will pay only the regular natural gas price. lb per 62.1

Audi 186