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05-29-2024, 04:14 PM | #2 | |
MVP
Join Date: Jan 2007
Location: Missouri
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Quote:
Until they figure it out we'll just have to keep letting the cows do it for us. They're even making this cool white stuff and steaks as a byproduct while filling the shit tank powered fuel lines. California is running all the dairy farms off though, so you might have to move if you want shit powered anything before the Taco Bell system gets everyone up and running. |
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Posts: 8,390
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05-29-2024, 09:44 PM | #3 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
I’ll take all the shit I can get. |
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Posts: 57,026
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05-29-2024, 04:59 PM | #4 |
It was not a fair catch
Join Date: Aug 2012
Location: Correcting papers
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Posts: 36,805
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06-19-2024, 06:05 AM | #5 |
Supporter
Join Date: Dec 2004
Location: Ozarks
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EV maker Fiskar files for bankruptcy
Fisker filed for bankruptcy protection late on Monday, as the U.S. electric-vehicle maker looks to salvage its operations by selling assets and restructuring its debt after burning through cash in an attempt to ramp up production of its Ocean SUVs.
The hyper-competitive EV market has seen several companies, including Proterra, Lordstown and Electric Last Mile Solutions, file for bankruptcy in the past two years as they grappled with weakening demand, fundraising hurdles and operational challenges from global supply chain issues. The company, founded by automotive designer Henrik Fisker, flagged doubts about its ability to remain in business in February and later failed to secure an investment from a big automaker, forcing it to rein in operations. The collapse of its talks with the automaker − which Reuters had reported to be Nissan − meant that it was denied $350 million in funding from an unnamed investor that was contingent on the automaker's investment and forced Fisker to explore options. "Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently," Fisker said. https://www.usatoday.com/story/money...ent=newsletter |
Posts: 33,660
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06-19-2024, 01:41 PM | #6 |
Supporter
Join Date: Dec 2004
Location: Ozarks
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another article on Fisker.
EV Maker Fisker Folds in a Troubled EV Market Fisker, whose flagship electric vehicle holds the distinction of being the worst car YouTube gearhead Marques Brownlee has ever reviewed, filed for Chapter 11 bankruptcy. The real surprise is that the California-based EV manufacturer and a handful of other EV startups have managed to stick around as long as they have in a rapidly changing EV landscape. Everybody Wants to be Tesla Even Tesla, the EV startup that remains the envy of most car makers, is far from Ludicrous Mode. In the first quarter, total automotive revenues were down 13% year-over-year, and its stock is one of the worst performers on the S&P 500, plummeting 25% year-to-date. As for the Big Three — Ford, General Motors, and Stellantis — they’re still figuring out their EV game plan, and hybrids are all the rage anyhow. US EV sales went up last year, but still only amounted to less than 10% of all car purchases, according to Kelley Blue Book. Small wonder EV startups are dropping like electric flies. Besides Fisker, the past few years have brought the demise of Lordstown Motors, Arrival, and Electric Last Mile. EV big-rig maker Nikola is still in the game, although its CEO was sentenced to four years in prison last December for exaggerating the company tech’s capabilities to investors. The other EV startup survivors are doing better. Slightly: Since its November 2021 IPO, Rivian has seen its share price drop around 90%, and from 2021 to the end of 2023, it incurred roughly $17 billion in losses. If all goes to plan and the company gets its more affordable R2 model to production by early 2026, Rivian might just be able to scale its business around the SUV’s potential success. Keyword: might. Lucid has fared a little better: Its stock has fallen just 85% since its July 2021 SPAC, and being majority-owned by Saudi Arabia’s $700 billion Public Investment Fund suggests some wiggle room. Though maybe not much; in May, Lucid cut 6% of its workforce — or 400 employees — ahead of its Gravity SUV launch later this year, after cutting 1,300 workers last year. How the East was Won: Meanwhile, halfway around the world, Chinese manufacturers are churning out more than half of all the EVs produced anywhere. Brands like BYD and Geely are able to price their cars extremely low thanks to cheap labor costs, hefty government subsidies, and easy access to battery materials. You won’t find it in the US because of poor geopolitical relations and a 100% import tariff, but don’t be surprised to see flocks of BYD’s $10,000 Seagull elsewhere in the world. |
Posts: 33,660
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06-19-2024, 05:11 PM | #7 |
Hey Loochy, I'm hooome!
Join Date: Oct 2008
Location: PooPooKaKaPeePeeShire
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Last week we had a Mustang Mach E as a rental car. My wife loved it.
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Posts: 40,733
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1 0 |
06-19-2024, 05:21 PM | #8 |
Supporter
Join Date: Dec 2004
Location: Ozarks
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Posts: 33,660
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Today, 02:34 PM | #9 |
It was not a fair catch
Join Date: Aug 2012
Location: Correcting papers
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(Daily Caller News Foundation) — Nearly half of American electric vehicle (EV) owners want to buy an internal combustion engine model the next time they buy a car, according to a new study from McKinsey and Company, a leading consulting firm.
Approximately 46% of Americans who own an EV want to go back to a standard vehicle for their next purchase, citing issues like inadequate charging infrastructure and affordability, according to McKinsey’s study, which was obtained and reviewed by the Daily Caller News Foundation. The study’s findings further suggest that the Biden administration’s EV push is struggling to land with American consumers, after 46% of respondents indicated that they are unlikely or very unlikely to purchase an EV in a June poll conducted by The Associated Press and the University of Chicago’s Energy Policy Institute. Moreover, 58% of Americans are very likely to keep their current cars for longer, and 44% are likely to postpone a possible switch to EVs, McKinsey’s study found. Consumers’ concerns about EV charging infrastructure are notable given the slow rollout of the Biden administration’s $7.5 billion public EV charger program, which has so far led to the construction of only a handful of chargers in nearly three years. The Biden administration has a stated goal of having EVs make up 50% of all new car sales by 2030, and the Environmental Protection Agency (EPA) finalized stringent regulations in March that will force manufacturers to ensure that up to 56% of their light-duty vehicles are EVs by 2032. The EPA has also finalized strict emissions standards for medium- and light-duty vehicles, while the National Highway Traffic Safety Administration (NHTSA) has also locked in fuel economy standards that will further push manufacturers to produce more EVs. The administration is also spending billions of dollars to subsidize the production and purchase of EVs, but manufacturers are still losing considerable amounts of cash on their EV product lines. EVs remained below a 10% share of all auto sales in the U.S. in 2023, according to Cox Automotive. The White House did not respond immediately to a request for comment. |
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Today, 03:38 PM | #10 | |
Supporter
Join Date: Dec 2004
Location: Ozarks
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Quote:
Handfull of charging stations in three years for billions, really? I am guessing some serious pushback by manufaturers and consumers to the EPA. |
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Posts: 33,660
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Today, 04:23 PM | #11 |
Supporter
Join Date: May 2005
Location: Who knows?
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Any government programs with little oversight is an opportunity to line pockets with money.
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Posts: 83,793
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Today, 04:30 PM | #12 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Posts: 52,051
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Today, 04:56 PM | #13 |
Supporter
Join Date: Dec 2004
Location: Ozarks
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Posts: 33,660
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Today, 05:07 PM | #14 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Quote:
I actually have to replace the tires on my wife's Leaf faster than I'd like because it's easy to burn a little rubber off the line. |
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Posts: 52,051
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Today, 05:17 PM | #15 |
It was not a fair catch
Join Date: Aug 2012
Location: Correcting papers
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Heard that is common, along with the weight of the cars wear out tires faster.
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Posts: 36,805
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