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Ford’s fundamentals remain strong, despite recession worries, productions snags

The economy faces a heightened risk of a recession, Ford (F) CEO Jim Farley told CNBC on Tuesday, a week after the automaker warned investors of $1 billion in unexpected supplier costs and parts shortages in the third quarter. But the Club is sticking with Ford because we believe it has what it takes to navigate macroeconomic headwinds and supply disruptions. "The risk has gone up for a moderate recession certainly from all the indicators we've seen," Farley said. "For us as a business we see labor inflation, a lot of…

Tesla adds Airbnb co-founder Joe Gebbia to board

Joe Gebbia, co-founder of Airbnb and chairman of Airbnb.org, during South By Southwest (SXSW) festival in Austin, Texas, U.S., on Sunday, March 13, 2022.Matthew Busch | Bloomberg | Getty ImagesTesla has added Airbnb co-founder, designer and billionaire Joe Gebbia as an independent member to its board of directors, according to a regulatory filing out Wednesday.Gebbia's addition to the board of Elon Musk's electric vehicle maker follows the departure of Oracle chair and chief technology officer Larry Ellison, which was…

BYD presale pricing for EVs in Europe starts below 40k euros

Following an announcement this past summer of its intentions to bring its EVs to Europe, Chinese automaker Build Your Dreams (BYD) has shared presale pricing for its first three vehicles to arrive overseas. The official premiere included additional specifications ahead of full details next month. Here’s what we’ve learned. BYD Auto is an automotive subsidiary of BYD Co. Ltd. currently operating as one of the largest auto manufacturers in China. In 2021 alone, BYD produced over 320,000 BEVs, second in the country…

CO2 Battery maker Energy Dome partners with wind giant Orsted

Italian startup Energy Dome yesterday announced a memorandum of understanding (MoU) with Danish wind giant Ørsted. Together, they will run a feasibility study on the deployment of a 20 megawatt (MW)/200 MWh energy storage facility using Energy Dome’s CO2 Battery technology at one or more Ørsted sites. The partnership’s aim is to use long-duration energy storage to provide baseload renewable energy to Ørsted’s end-use customers in order to provide grid stability. The feasibility study will dispatch renewable energy…

Check out BLUETTI’s newest portable power stations

Fresh out of the IFA consumer electronics show in Berlin, BLUETTI Power Inc continues to demonstrate why it’s the name to beat in portable and solar energy solutions. Although there is a whole arsenal of products for you to choose from, its BLUETTI’s latest three that have truly set a new standard for the energy storage solutions industry. This includes the BLUETTI AC500 + B300 combo, the ultra-portable EB3A power station, and the brand new EP600 station, which can power most home appliances. BLUETTI is back with…

Tesla (TSLA) adds Airbnb cofounder to its board

Tesla (TSLA) announced today that it appointed Joseph Gebbia Jr., best known for being a cofounder of Airbnb, to its board of directors. Earlier this year, Tesla announced that billionaire Larry Ellison is leaving its board of directors. At the time, the automaker said it had no immediate plan to replace him on the board. Today, in an SEC filing, Tesla confirmed that Joseph Gebbia, cofounder of Airbnb, will be filling the seat: On and effective as of September 25, 2022, Joseph Gebbia was appointed to serve as a…

Tilting Dragonfly “Hyperscooter” is set to hit the streets – or the dirt

In the automotive world, there are regular run-of-the-mill cars, then there are exotic high-performance hypercars. Well, with features such as titling steering, carbon fiber construction and dual motors, the Dragonfly is being touted as the world's first "Hyperscooter."Right off the bat, we should note that this isn't the first time we've covered the Dragonfly. British company D-Fly initially announced it back in 2019, at which time it was mostly conceptual. A different incarnation of it now exists in full, functional on-…

BMW’s electrified XM SUV ready to suck buyers in with huge nostrils

BMW has launched its first-ever electrified M high-performance model. The high-powered XM (a high-performance SUV, in this case, not a satellite radio service) strikes a balance with its mix of electric cleanliness and hybrid range and power. Its plug-in M Hybrid system blends 644-hp of modern Bavarian V8-backed might with up to 55 miles of zero-emissions driving. Commute with nary a tailpipe puff during the week, then redline to the limits on your Sunday drives through the country or down the autobahn. We get that BMW is…

JLR plans electrification training for 29,000 workers

Jaguar Land Rover has announced a “global upskilling drive”, in a bid to train 29,000 people in the next three years for its connected and data capabilities, and to support the rapid transition to electrification. The Future Skills Programme will see 10,000 company and franchise dealer employees in the UK, and 19,000 across the rest of the world trained in skills deemed vital to electrification, digital and autonomous cars.…