Tag Archives: Toyota

Elon Musk dismissed hybrid vehicles as a ‘phase’ while Toyota doubled down on them. Now they’re a ‘smoking-hot market’ as EV demand chills – Fortune

  1. Elon Musk dismissed hybrid vehicles as a ‘phase’ while Toyota doubled down on them. Now they’re a ‘smoking-hot market’ as EV demand chills Fortune
  2. Tesla Vs. Toyota: Electric Dreams Clash With Hybrid Revival In Automotive Showdown – Tesla (NASDAQ:TSLA), Benzinga
  3. Toyota open to assembly line reformatting as Tesla’s ‘gigacasting’ threatens to upend car making The Indian Express
  4. Tesla vs. Toyota Is the New Hot Battle in Cars The Wall Street Journal
  5. Tesla vs. Toyota Is the New Hot Battle in Cars | Mint Mint
  6. View Full Coverage on Google News

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Elon Musk just lost $28 billion as Tesla took a beating. Now Toyota says ‘people are waking up to reality’ that EV adoption will be an uphill battle – Fortune

  1. Elon Musk just lost $28 billion as Tesla took a beating. Now Toyota says ‘people are waking up to reality’ that EV adoption will be an uphill battle Fortune
  2. Toyota’s Chairman Is Having His ‘I Told You So Moment’ About EVs Jalopnik
  3. Toyota gloats it was right to sit out the EV craze as Honda ends cheap electric car project with GM Notebookcheck.net
  4. Toyota Chairman Says “People Are Finally Seeing Reality” Of EVs CarScoops
  5. Toyota can’t CKD EVs in all ASEAN markets – will use each country’s strengths to offer low cost EVs for all – paultan.org Paul Tan’s Automotive News
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Chicago woman Ma Operio dies after ‘car-jacker’ Reese Miller ‘ZIP-TIED her neck as he stole her Toyota’ in cri – Daily Mail

  1. Chicago woman Ma Operio dies after ‘car-jacker’ Reese Miller ‘ZIP-TIED her neck as he stole her Toyota’ in cri Daily Mail
  2. Carjacker left note apologizing for attack, four days later victim died, prosecutors say Chicago Sun-Times
  3. ‘It seemed to be the only choice’: Suspect leaves note inside victim’s car after violent attack WANE
  4. ‘It seemed to be the only choice’: Suspect allegedly leaves note inside victim’s car after violent attack WGN TV Chicago
  5. Woman violently attacked during carjacking in Harwood Heights WGN News

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Who to Watch at the 2023 Toyota USATF Outdoor Championships: Event-By-Event Preview | USA Track & Field – USATF

  1. Who to Watch at the 2023 Toyota USATF Outdoor Championships: Event-By-Event Preview | USA Track & Field USATF
  2. Television and Streaming Information for 2023 Toyota USATF Outdoor Track and Field Championships LetsRun.com
  3. These Teenagers Will Compete Against Seniors At USATF Champs MileSplit
  4. Many with Oregon ties set to compete in the USATF Outdoor Championships starting Thursday at Hayward Field OregonLive
  5. USATF Outdoor Championships 2023: Five sprinters to watch including Fred Kerley, Sha’Carri Richardson, Erriyon Knighton, Noah Lyles and Aleia Hobbs Olympics
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Tiny 3-Cylinder Turbo vs. Massive ‘Murican V8: Toyota GR Corolla vs Ford Mustang GT Drag Race! – The Fast Lane Car

  1. Tiny 3-Cylinder Turbo vs. Massive ‘Murican V8: Toyota GR Corolla vs Ford Mustang GT Drag Race! The Fast Lane Car
  2. 2023 Chevrolet Corvette Z06 Drag Races Ford Mustang Shelby GT500, No Spoilers Needed autoevolution
  3. U-DRAG RACE: 2023 Corvette Z06 vs. 2020 Shelby GT500! | Quarter Mile, Rolling Start, Handling, More! Edmunds Cars
  4. [VIDEO] 670 HP C8 Corvette Z06 U-Drags the 760-Horse Shelby GT500, America Wins! – Corvette: Sales, News & Lifestyle Corvette Blogger
  5. Drag Race! The Corvette Z06 and Shelby GT500 Duke It Out at U-Drags Edmunds.com
  6. View Full Coverage on Google News

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Toyota pushes zero-emission goals by converting old models

CHIBA, Japan (AP) — To accelerate the global move toward sustainable vehicles, Toyota is suggesting simply replacing the inner workings of vehicles already on the roads with cleaner technology like fuel cells and electric motors.

“I don’t want to leave any car lover behind,” Chief Executive Akio Toyoda said Friday, appearing on the stage at the Tokyo Auto Salon, an industry event similar to the world’s auto shows.

The message was clear: Toyota Motor Corp. wants the world to know it hasn’t fallen behind in electric vehicles, as some detractors have implied.

Japan’s top automaker, behind the Lexus luxury brands and the Prius hybrid, is highlighting its clout: It has all the technology, engineering, financial reserves and industry experience needed to remain a powerful competitor in green vehicles.

Toyoda told reporters it would take a long time for all the cars to become zero emission, as they only make up a fraction of the vehicles being sold. Changing old cars to go green, or “conversion,” was a better option, he said.

Toyoda, the grandson of the company founder and an avid racer himself, was also hoping to debunk the stereotype that clean cars aren’t as fun as regular cars.

At Toyota’s Gazoo Racing booth, the maker of the Lexus luxury models and Camry sedan showed video of its triumph at world rallies, as well as the battery-electric and hydrogen-powered versions of the Toyota AE86 series including the Toyota Corolla Levin, to underline what Toyoda called its “conversion” strategy.

The auto industry is undergoing a transformation because of growing concerns about climate change. Automakers are often blamed as the culprits.

Toyoda said ecological efforts in the auto industry were starting to be appreciated in many nations, but he felt less appreciated in Japan.

Toyota has dominated the industry with its hybrid technology, exemplified in the Prius, which has both an electric motor and gasoline engine, switching back and forth to deliver the most efficient ride. That has often been seen as reflecting its reluctance to go totally electric.

Battery electric vehicles make up about 20% of the auto market, despite the hullabaloo about relative newcomers like Tesla and even Dyson. Europe remains ahead of the U.S. and Japan in the move toward electric.

And so is it unfair to categorize the Japanese automakers as green laggards?

For one, the scarcity of certain components like lithium could drive up the prices of EVs, and consumers may stick with hybrids, says Matthias Schmidt, chief auto analyst at Schmidt Automotive Research.

“If this was 2025, and you asked that same question, I would say the Japanese OEMs have missed the boat. But seeing it’s 2023, and the likes of Toyota are beginning their BEV roll-out, their timing is likely bang on schedule,” he said.

___

Yuri Kageyama is on Twitter https://twitter.com/yurikageyama



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GM is the top car seller in America, retaking the title from Toyota


New York
CNN
 — 

One year after losing the title it held for nearly a century as the top car seller in America, General Motors is back on top.

GM

(GM) reported Wednesday US sales of 2.3 million vehicles. Strong fourth quarter sales, up 41% from a year ago, allowed it to end the year with sales up nearly 3% from the 2.2 million US vehicles it sold in 2021, when it suffered a 13% decline.

Meanwhile Toyota

(TM), which had captured the top sales spot in 2021, had its full-year sales fall nearly 10% to 2.1 million, despite posting a 13% increase in fourth quarter sales.

In each of the last two years, industry-wide auto sales were limited by a shortage of parts, primarily computer chips, needed to build the cars and trucks consumers wanted. Total US new vehicle sales are expected to be down to just less than 14 million vehicles when the final sales results are reported across the industry later this week.

That would be the lowest sales total since the country was just climbing out of the Great Recession more than a decade go. Sales bottomed out at 10.5 million in 2009, the year GM and Chrysler declared bankruptcy and received federal bailouts, and had only climbed back to 12.7 million by 2011, the last year the industry sales fell below 14 million.

Sales had been 17 million in 2019, the year before the pandemic upended both the economy and supply chains.

Most forecasts say the supply chain problems are getting better, and that should allow automakers to increase production in 2023. They point to the better sales that took place in the fourth quarter than earlier in the year as a proof of that, even with higher car prices and rising interest rates making it more expensive for buyers than in the past.

That in turn has led them to forecast a modest increase in sales this year to just north of 14 million vehicles once again.

But many experts caution that their forecast of increased sales depend on the US economy not falling into recession, and instead simply experiencing slower growth. And uncertainty about what will happen to the economy is making the outlook for car sales far more uncertain than in years previous, they say.

“I’ve been forecasting the car market for decades now. This next year is the most challenging,” said Charlie Chesbrough, chief economist for Cox Automotive. “Normally we an idea which way it is headed. But this year it could be up or down.”

There are a number of factors supporting new car sales in the coming year, even if the economy stumbles. One is the fact that car rental companies have not be able to buy the supply of new cars they need in the last two years, as automakers limited the supply of cars available for lower priced fleet sales, selling all or virtually all the cars they had to consumers instead.

“Rental companies have been running at half of the purchases that they’re accustomed to,” said Ivan Drury, director of insights at Edmunds.

And Drury said if automakers start to see weakness in consumer demand, they can bring back incentives, including lower rate financing, that they haven’t had to offer in recent years when there was more demand than supply.

“The incentives recently have been virtually nothing,” he said.

So far demand is still strong, as there is pent-up demand from potential buyers who have delayed purchases because they couldn’t find the vehicle they wanted. But both Drury and Chesbrough say the higher average prices and higher interest rates are already driving buyers out of the market.

A turn in the economy, especially if historically low unemployment rates start to rise, could quickly result in lower new car sales.

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GM reclaims U.S. auto sales crown from Toyota

Jan 4 (Reuters) – General Motors Co (GM.N) reclaimed the top spot in U.S. auto sales from rival Toyota Motor Corp (7203.T) in 2022 as it was able to better meet strong demand for cars and trucks despite industry-wide supply disruptions.

Shares of GM rose 2.7% in afternoon trade on Wednesday to $34.75, after the company posted a 2.5% rise in 2022 sales to 2,274,088 vehicles, higher than Toyota’s 2,108,458 units, in a closely watched race.

Inventory shortages stemming from surging material costs and a persistent chip crunch had hobbled production at many automakers, keeping car and truck prices elevated. Asian brands were hit hardest.

“Toyota is still among the tightest when it comes to inventory,” Cox Automotive senior economist Charlie Chesbrough said.

The Japanese automaker cut its full-year production target in November. Sales of its SUVs, a key segment, fell 8.6% in 2022, data on Wednesday showed.

However, Toyota executives said there were some positive signs emerging, and the rate of inventory buildup was slow but steady.

“We’re optimistic our inventory levels will continue to improve in the first quarter and for the remainder of the year,” said Andrew Gillel, senior vice president of automotive operations at Toyota.

Reuters Graphics

Other brands such as Hyundai Motor America, Kia Motors America, Mazda North American Operations and American Honda all posted a drop in sales on Wednesday.

Industry-wide, last year’s U.S. auto sales are forecast to be about 13.9 million units, down 8% from 2021 and 20% from the peak in 2016, according to industry consultant Cox Automotive.

Some analysts are also concerned that price hikes by automakers to blunt inflationary pressures and rising interest rates will take a toll on new vehicle sales in 2023.

Affordability is a “very real issue,” Toyota executive David Christ said. Nonetheless, the company expects demand to be robust this year.

Automakers will need to begin incentivising buyers, a trend that was paused during the pandemic, automotive marketplace TrueCar said.

Reporting by Aishwarya Nair, Nathan Gomes and Abhijith Ganapavaram in Bengaluru; Editing by Shilpi Majumdar and Devika Syamnath

Our Standards: The Thomson Reuters Trust Principles.

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2022 Lexus NX450h+ Is Great Plug-In Hybrid Before Going All EV

Photo: Lawrence Hodge

Plug-in hybrids are a great compromise for people that still want the convenience of a gas car but want to experience the benefits of electrification. Most PHEVs have enough electric driving range to cover commutes and around-town needs while the gas engine alleviates any range anxiety. After years of making excellent hybrids, Lexus is finally getting in the plug-in hybrid game with the NX450h+. It combines the luxury and functionality of the second-generation NX with usable electric power. But it comes at quite a price.

Disclaimer: Lexus offered me the NX450h+ and I was actually surprised at how much I enjoyed it. Filling up the tank only once a week is great.

What Is It?

Photo: Lawrence Hodge

The NX is Lexus’ second-smallest crossover, slotting above the UX and below the RX. While it rides on a modular platform that’s shared with everything from the Toyota Sienna minivan to the Lexus ES sedan, the NX is more mechanically related to the Toyota RAV4. This is an important point that I’ll get to later. And if you’ve always wondered what the hell NX stands for, a Lexus rep once told me it means “Nimble Crossover.” Alright.

Specs That Matter

Photo: Lawrence Hodge

Power comes from the same 2.5-liter naturally aspirated I4 engine that powers the base NX250 and the NX350h hybrid, but the difference is in the electric setup. The 450h+ adds a pair of electric motors that drive the rear wheels, giving this SUV all-wheel drive. Add in an 18.1-kilowatt-hour lithium-ion battery pack powering those motors and the result is the most powerful and efficient NX you can buy. It makes 304 total system horsepower with 364 lb-ft of torque. It also gets 84 mpge – the mile-per-gallon equivalent of gasoline and electric driving – and can go 37 miles on electricity alone. Honestly, though, it’s actually pretty easy to beat the EPA’s estimated EV range. I frequently saw as much as 42 miles of electric range per charge.

How It Drives

Lexus likes to tout the NX450h+ low center of gravity, and indeed, this thing is surprisingly nimble. It’s also surprisingly quick, with plenty of acceleration power for highway merging. The perk of having a battery and electric motors at your disposal is that, in everyday driving, it’s like having a turbo that’s always ready to provide extra boost. Power comes on smoothly and quickly, and the transition between gasoline and electric driving is one of the smoothest I’ve ever experienced. Unfortunately, when you’re relying on the 2.5-liter engine for power, it sounds buzzy and unrefined.

Lexus Advanced Park Assist Demo

What’s great about crossovers this size is how easy they are to maneuver. Parking and getting through tight spots is pretty easy. Parking the NX is made even better thanks to Lexus’ Advanced Park system, which is easier to operate than most other automated parking systems I’ve used. I also have to give Lexus props for placing a physical button on the dash to turn on the Advanced Park tech. There’s no having to line up in a specific spot for the system to self-engage. You simply find the spot you want, press start on the screen and let the car park itself. The system can pull forward, back in, or perform parallel parking maneuvers.

Photo: Lawrence Hodge

Driving in different powertrain modes is just as easy. A button on the center console allows drivers to choose between full-on EV mode, Hybrid or Charge setting, the latter of which uses the gas engine to recharge the battery while you’re driving. In EV mode, the NX450+ is predictably quiet. In Hybrid mode, the drivetrain operates as any other hybrid would, defaulting to electric power as often as possible with the gas engine kicking on as needed.

Charging at home is easy. The NX has an optional 6.6-kilowatt onboard charger ($800) that you simply plug into a standard home outlet. Charging this way, it takes about 4 to 5 hours to fully replenish the battery. It’s a cinch to do overnight. Unfortunately, public charging on a Level 2 outlet is a hit-or-miss affair, but that’s a product of the country’s problematic charging network, not Lexus.

A Few Notable Pros and Cons of the NX450h+

Photo: Lawrence Hodge

The NX has a lot of useful safety systems, but some of them are super sensitive. The pre-collision braking, for example, will sometimes activate when there’s no danger ahead of you. On the other hand, I like things like Safe Exit Assist, which will alert you to passing cars when you’re trying to exit from a parallel parking space. I just wish all of the systems were more cohesive in their integration.

The wireless charging pad doesn’t work well. It often doesn’t detect when a device is placed on top, and when it does work, the slippery surface means your phone moves around a lot when driving, which can cause it to stop charging.

Photo: Lawrence Hodge

The interior door handles are also unnecessarily complicated. The NX uses a dual electronic/standard door handle. At the forward end, you’ll find a braille-like surface that denotes where you should press to exit the car. Next to that, labeling shows how the handle operates manually, in case of power failure or an emergency. This is confusing and takes some getting used to, and seems like the answer to a question nobody asked.

 Verdict

Photo: Lawrence Hodge

The NX450h+ is an impressive plug-in effort from a company known for its hybrid excellence. But it may end up being a tough sell to some. For starters, the NX450h+ isn’t cheap. While a regular NX250 starts at a rather reasonable $38,850, you’re looking at well-equipped RX money for the 450h Plus: $57,705. With nearly every option box checked, including a $1,075 destination charge, my orange NX450h Plus costs $62,090.

Now, remember when I said that the NX is mechanically related to the RAV4? The NX450h+ uses the same drivetrain setup as the Toyota RAV4 Prime, which is over $15,000 cheaper. Yes, the Lexus is a little nicer inside, but that’s a big jump in price for effectively the same experience.

None of this is to say that the NX450h Plus is bad. It’s actually very good. But having to drop nearly $60,000 on a compact crossover just for the ability to drive 40 miles on electricity alone is a hard sell, especially when the exact same setup can be had for less money.

2022 Lexus NX NX 450h+ Luxury AWD Specs

Engine type

Gas/Electric I-4

Transmission/Drive

CVT w/OD

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Nearly 2,000 Ford Dealers Buy Into EVs

Photo: Spencer Platt (Getty Images)

Around two-thirds of Ford’s dealer network in the U.S. has signed up for the company’s electric-vehicle certification program, the price of batteries for electric cars is on the rise for the first time in over 10 years, and United Airlines is looking at Delta’s pilots’ contract as the template. These stories and more in The Morning Shift for Tuesday, December 6, 2022.

1st Gear: Most Ford Dealers are in on EV Certification

Ford says that nearly two-thirds of its U.S. dealer network are on board with the company’s pricy electric-vehicle certification program. The automaker’s CEO, Jim Farley, says 1,920 dealers have signed on.

He added that 1,659 went the “Certified Elite” route. That program requires investing as much as $1.2 million at the dealership. A further 261 dealers went with the cheaper “Certified” status. That program only requires dealers to spend up to $500,000 for EV enhancements. However, that level caps EV sales at 25 per year. From Automotive News:

Ford has about 3,000 dealerships in the U.S. The company said those that didn’t sign up by last week’s deadline will not be allowed to sell EVs beyond 2023 but will have another opportunity to do so in 2025.

Farley has said Ford’s retailer need to evolve to better compete with EV startups like Tesla and others that sell directly to customers.

“The future of the franchise system hangs in the balance here,” Farley said. “The No. 1 EV player in the U.S. bet against the dealers. We wanted to make the opposite choice.”

The announcement comes as opposition to the program grows. Last week, dealers in New York filed a lawsuit challenging the program as illegal, while a separate group of dealers in Illinois filed a protest with the state’s motor vehicle board. Also last week, U.S. Sen. Richard Blumenthal, D-Conn., and Connecticut state lawmakers voiced their displeasure over what they say are excessive costs that potentially violate state franchise laws.

Ford has consistently said it believes the program does not violate any state laws.

“We want to work with our dealers, but there are certain things our customers want that are nonnegotiable,” Farley said to the crowd at the Automotive News Congress in Detroit.

He added that he does not regret rolling out the program.

“There’s always a better way,” Farley continued. “But I don’t think we made, really, any big mistakes.”

2nd Gear: EV Battery Prices on the Rise

The price of lithium-ion batteries is on the rise for the first time in over 10 years. The increase comes from surging prices raw material costs, and it will ultimately have a negative impact on the automotive industry’s push for EVs to get cheaper. From Financial Times:

Soaring prices of battery metals such as lithium, cobalt and nickel and higher component costs pushed battery pack prices up to $151 per kilowatt hour, a 7 per cent rise compared with a year ago and the first increase since BloombergNEF began its annual survey in 2010.

The company expects prices to rise further to $152 per kWh next year. In 2010, prices were $1,160 per kWh on average.

That’s bad news for the automotive industry. FT reports the industry has viewed $100 per kWH battery pack as the number where EVs become competitive with ICE vehicles from a price perspective.

However, lithium prices have increased 10-fold since the start of 2021 and nickel is up 75 per cent, while cobalt prices have been more than double their 2020 average this year.

As a result, BloombergNEF forecasts that the $100 per kWh level will be reached by 2026, two years later than previously expected. This will “negatively impact the ability for automakers to produce and sell mass-market EVs in areas without subsidies”, it said.

It added that the higher costs could also be problematic for the economics of battery energy storage projects that are vital to stabilising the grid as intermittent renewable power grows.

The rise in battery pack prices would have been even higher if car companies and cell manufacturers in the Chinese market had not switched to cheaper lithium iron phosphate (LFP) batteries, which do not use cobalt and nickel but have a shorter range.

Right now, there’s a lot of uncertainty about whether or not battery material prices will actually ease. Skyrocketing demand and manufacturing issues are only exacerbating the problem for battery makers and consumers.

3rd Gear: United Looking to Delta’s Contract as a Blueprint

United Airlines’ CEO Scott Kirby says a possible deal between Delta and its pilots union could be used as a template for similar agreements. From Reuters:

“It’s a rich contract but I think the really good news is it means we’ll all get deals done essentially on the same terms and can move forward,” Kirby told Reuters on the sidelines of an event in Washington late Monday. Delta struck a tentative deal Friday to give pilots a 34% cumulative pay increase in a new four-year contract.

Kirby says the Delta agreement will push pilot wages up across carriers and be passed onto consumers in the form of higher airplane ticket prices.

“The biggest news for an investor perspective is cost convergence in the industry means that what is different now is all the low cost carriers are going to have come up to these much higher pay rates,” Kirby said. “This is going to wind up like oil prices — it’s going to be a pass through.”

Delta’s contract reportedly also offers a lump-sum one-time payment, reduced healthcare insurance premiums, better 401(k) parameters as well as improved paid time off.

Kirby added that demand is still very strong for flight tickets, which he says are cheaper today than they have been over the past 15 years.

Its union estimates the proposed deal represents more than $7.2 billion of cumulative value increases over the next four years.

American Airlines and United have promised “industry-leading” contracts to their pilots.

Reuters reports that last month American Airlines pilots turned down a proposed 19 percent pay hike over the next two years that would cost the company about $2 billion. United pilots had previously turned down an offer that would give them about a 14.5 percent wage cumulative increase.

4th Gear: Works Strike at Pennsylvania Auto Parts Supplier

About 270 workers at an Autoneum AG plant in Bloomsburg, Pennsylvania have gone on strike at the global automotive insulation supplier, and soon ripples could be felt throughout the rest of the automotive industry.

Workers walked off the job last Thursday after negotiations between the company and the union stalled after the latest contract offer was rejected by the workers. From Automotive News:

Autoneum, based in Winterthur, Switzerland, focuses on internal and external sound and heat insulation systems. The supplier works with almost every major automaker, including General Motors, Ford Motor Co. and Stellantis, according to its website.

For the Bloomsburg plant, its exact list of customers is unclear. However, the plant received awards from Toyota in 2011, Ford in 2014 and GM in 2021. Autoneum did not respond to calls from Automotive News’ seeking comment on the strike.

Brian Heverly, president of Local 1700 Workers United, told FOX 56 that the rank-and-file turned down Autoneum’s third and final contract offer.

Among worker complaints is the supplier’s insistence that workers pay 5 percent more of their healthcare costs outside of usual yearly increases.

Local 1700 Vice President Dave Schaffer, an employee at the plant 44 years, told FOX 56 that the workers didn’t want to strike, but felt compelled to given the circumstances.

The last strike at this plant was reportedly back in 1968, a year known for nothing else but that strike.

A spokesperson for General Motors told the outlet that the automaker is aware of what’s going on, but they don’t see the strike having an immediate impact on GM operations.

5th Gear: GM’s BrightDrop Starts Production in Canada

General Motors has started production of its BrightDrop electric delivery vehicle at its CAMI Assembly plant in Ontario. That makes it the first EV factory in Canada as a whole.

Last month, GM said the startup will be worth about $1 billion in revenue in 2023. The company is expected to hit $5 billion in revenue by the middle of the 2020s, and it could be as high as $10 billion by 2030.

“Starting volume production is really important; this is a very important product for GM,” Sam Abuelsamid, principal research analyst leading Guidehouse Insights, told The Detroit News. “This finally starts to get them back into a more competitive offering in the van segment and with electrification, so … it has the potential to be a really strong business for GM.”

GM launched production this week of the larger Zevo 600 electric delivery vans at CAMI. The delivery vans were being manufactured at small scale at a Michigan supplier plant until the CAMI facility was ready for production. Production of the Zevo 400, a smaller model than the Zevo 600, will start in late 2023. BrightDrop expects to make 30,000 next year and scale to 50,000 by 2025.

[…]

GM formed BrightDrop in 2021. The business is focused on providing emissions-free products for delivery companies. Its products include the Zevo electric delivery vans, Trace eCarts for easier package delivery and the BrightDrop Core software platform.

The automaker invested more than $800 million to convert CAMI for high-volume EV production. The plant was revamped in just seven months — the quickest retooling of a GM plant ever.

[…]

BrightDrop also on Monday announced it’s entering the Canadian market with the addition of DHL Express Canada logistics company as a customer. DHL will add its first Zevo vans to its fleet early next year. The company is also piloting BrightDrop’s Trace eCarts and software platform in Toronto.

BrightDrop has also received requests for electric delivery vans from FedEx Corp., Walmart Inc., Hertz Global Holdings Inc. and Verizon Communications Inc.

All in all, BrightDrop has 25,000 production reservations and expressions of interest for its EV delivery vans. So far, the company has delivered 150 Zevo vans to FedEx out of the 2,500 the shipping company has ordered.

Reverse: Washington

Neutral: Boeing 747, Over and Out

On The Radio: Darlene Love – “Christmas (Baby Please Come Home)“

Darlene Love – Christmas (Baby Please Come Home) (Official Audio)

This is the best Christmas song, and I will not hear otherwise.

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