April 2022

SEC urged to “make an example” out of Elon Musk’s late Twitter filing 

Elon Musk and the Securities and Exchange Commission (SEC) might be facing off once again, this time over the Tesla CEO’s Twitter stake filings.  Elon Musk allegedly committed filing violations while acquiring Twitter stock. By law, investors must notify SEC if they surpass 5% stake in a company within 10 days. According to a 13-D […]

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New electrical steel production unit to open in France in 2024 for EV motors

Steel and mining company ArcelorMittal has announced that it will invest more than €300 million ($330 million) in a new electrical steel production unit at its Mardyck site in northern France. The electrical steels are intended for the motors of EVs, hybrid vehicles and industrial machinery. The company says its electrical steels have high polarization

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Altair buys power-electronics simulation company Powersim

Software specialist Altair has acquired simulation and design tool company Powersim. “The addition of Powersim’s technologies and experienced technical team, who have deep domain knowledge in power electronics, rounds out Altair’s offerings for electric motor design and many other applications,” said founder and CEO of Altair James R. Scapa. The flagship product of Maryland-based Powersim

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Ford CEO Jim Farley named in Newsweek’s list of Greatest Auto Disruptors as Exec. of the Year

Ford CEO Jim Farley has been named in Newsweek’s 2022 List of Greatest Auto Disruptors, capturing the title of Executive of the Year. Farley took over as Ford’s frontman in late 2020 and has spearheaded the company’s transition to electrification. It is no secret Farley has contributed greatly to Ford’s continuing effort to bring competitive, electric

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General Motors inks cobalt supply deal with Glencore

General Motors has inked a new cobalt supply deal with Glencore PLC, a mining company that has dealt with EV leader Tesla in the past, as electric vehicle material availability becomes more unpredictable. As electric vehicles and the sector’s development continue to heat up, fueled by consumer sentiment that could shift a significant transition away

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Auto CEOs and Biden administration officials call for charging interoperability

The White House recently held a virtual meeting with representatives of most of the major automakers to discuss electric vehicles and charging. According to Reuters, senior Biden administration officials and automotive leaders agreed on the importance of interoperability for charging infrastructure. “There was broad consensus that charging stations and vehicles need to be interoperable and

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First drive review: 2023 Toyota BZ4X EV is set as the sideshow but upstages hybrid headliners

The 2023 Toyota BZ4X electric crossover is charmingly offbeat, and it seems to over deliver in nearly every way that might matter both to Toyota owners and those who want a no-fuss urban EV with trail cues. The BZ4X, the first from a fully electric sub-brand around “beyond zero,” fits in a market sweet spot

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