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10/18/2024
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By Cassie B.
Desperate lab-grown meat industry claims it needs government subsidies to survive
Lab-grown meat is proving to be a spectacular failure, and producers are becoming so desperate that many are pushing for a public subsidy to stay afloat. Preliminary data from the venture capital firm AgFunder shows that funding in the lab meats sector fell by 78% in 2023 to reach $177 million, down from $807 million […]
08/29/2024
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By Ava Grace
Auto giant Ford scales back EV production due to LOUSY SALES
The Ford Motor Company has scaled back its electric vehicle (EV) production due to lousy sales. On Aug. 21, the automaker said it was scrapping plans for a sizeable all-electric sport utility vehicle (SUV) and delaying production of its all-electric F-150 Lightning pickup truck to the second half of 2027. It also plans to sell […]
08/13/2024
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By Ramon Tomey
Major solar panel company files for BANKRUPTCY after California ends subsidies for renewables
A major provider of solar panels for rooftops has filed for bankruptcy, dealing another serious blow to the much-hyped “green” energy sector. Watts Up With That (WUWT) reported, citing the Daily Caller, that rooftop solar firm SunPower filed for Chapter 11 bankruptcy in Delaware on Aug. 5. The San Jose, California-based SunPower will look to […]
07/30/2024
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By Laura Harris
MONEY DRAIN: Ford lost $2.5B on its EV segment in the first half of 2024
The Ford Motor Company has lost nearly $2.5 billion on its Model E segment over the first half of 2024. According to its latest financial report, Ford’s losses in its electric vehicle (EV) segment have worsened despite a notable increase in sales volume. For the second quarter of 2024, Ford sold 23,957 EVs – a 61 […]
06/20/2024
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By Laura Harris
EV startup Fisker files for bankruptcy after suspending production
Electric vehicle startup Fisker has filed for bankruptcy protections to sell its assets and restructure its debt after it suspended production. Earlier this year, the company’s founder, automotive designer Henrik Fisker, already expressed his doubts about the company’s ability to remain in business. The company’s failure to secure a crucial investment from Japanese automobile giant Nissan […]
04/30/2024
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By Laura Harris
SHORT CIRCUIT: Ford’s electric vehicle unit lost $1.3 BILLION in first quarter of 2024
Ford Motor Company has reported $1.3 billion in losses on its Model E sector or a staggering $132,000 loss for each of the 10,000 vehicles sold during the first quarter of 2024. The electric vehicle (EV) unit, known as Model E, saw a 20 percent decrease in sales compared to 2023, with only 10,000 EVs sold in the first […]
12/08/2023
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By Laura Harris
Ford Motor Company scales down EV investments at Michigan plant due to declining demand and inflation pressures
The Ford Motor Company is scaling back its investment in electric vehicles (EVs) by reducing the production capacity of its battery factory in Marshall, Michigan and cutting 800 jobs. According to Ford spokesperson Mark Truby, the company initially planned to invest $3.5 billion in the factory, known as Blue Oval Battery Park, to produce 35 gigawatt […]
12/05/2023
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By Laura Harris
Nearly 4,000 car dealers urge Biden to abandon “unrealistic” electric vehicle agenda amid plummeting sales
Nearly 4,000 car dealers from all over the United States have sent a letter to President Joe Biden, urging him to abandon his “unrealistic” green energy agenda involving the expansion of electric vehicle (EV) use due to the lower-than-expected sales and adoption. In the letter, car dealership heads and executives advised Biden to drop EV mandates and green […]
11/09/2023
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By Belle Carter
Automaker bigwigs admit EV sales are in jeopardy
Earlier in October, several car manufacturer executives acknowledged that their ambitious electric vehicle (EV) plans are in jeopardy, at least in the near term, Business Insider reported. Dealers have been warning of slowing EV demand, growing inventory and dropping sales for months. Several of the auto bigwigs at some of the biggest carmakers expressed discomfort […]
11/07/2023
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By Laura Harris
FreedomWorks economist predicts EVs will be the auto industry’s “NEXT BIG FLOP”
Stephen Moore, a senior economist at FreedomWorks and former senior economic adviser to former President Donald Trump, has predicted that America’s electric vehicle (EV) market will be the auto industry’s “next big flop.” In an interview on Fox News’s Varney & Co. program and an op-ed in the Daily Caller, Moore drew a parallel connection between the Ford Edsel, which was […]
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