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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

Ford is cutting its F-150 Lightning production workforce by two-thirds as the company continues to try and ramp manufacturing of electric vehicles and work toward profitability. This amounts to 700 production employees. The post Ford cutting F-150 Lightning production workforce by two-thirds appeared first on TESLARATI.

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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. billion in hydrogen products over the next five years. by Jon LeSage for Oilprice.com. Maybe even decline. ”.

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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

In a new working paper, the team contends that PEVs require innovation in how these products are retailed to customers as well as demanding changes in consumer behavior and relying on new support infrastructure. Power 2013 Sales Satisfaction Index (SSI) study data on customer satisfaction with new car dealerships and Tesla stores.

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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.

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Mercedes and Stellantis pause European EV battery plans, look to LFP

Baua Electric

Demand for EVs in Europe has slowed, with growth only expected in mass-market segments, ACC CEO Yann Vincent said in an interview on the sidelines of a recent Bloomberg New Energy Finance conference. Mercedes and Stellantis are now requesting lower-cost batteries for entry-level EVs, Vincent told Bloomberg. years after that.

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Valeo acquires electric supercharger business from Controlled Power

Green Car Congress

Our automotive customers wanted clarity about future plans for the VTES product and a sale to Valeo was the best solution to enable our VTES technology to reach its full potential. It also validates our approach to technology development, which we apply to all our products. —CPT CEO Nick Pascoe“.

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