Category: Electric
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Hawaiian Electric, others reach $4B settlement with Maui wildfire plaintiffs (NYSE:HE)
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My Photographer Friend/iStock via Getty Images Hawaiian Electrical Industries (New York:HE) and six other defendants have reached a $4 billion settlement that will resolve lawsuits filed by hundreds of victims of last year’s Maui wildfires. Under the proposed global settlement, which remains subject to final documentation and court approval, Seven…
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Hawaiian Electric, others reach $4B settlement with Maui wildfire plaintiffs (NYSE:HE)
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My Photographer Friend/iStock via Getty Images Hawaiian Electrical Industries (New York:HE) and six other defendants have reached a $4 billion settlement that will resolve lawsuits filed by hundreds of victims of last year’s Maui wildfires. Under the proposed global settlement, which remains subject to final documentation and court approval, Seven…
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Hawaiian Electric, others agree to $4 billion Maui wildfire settlement By Reuters
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(Reuters) – Hawaiian Electric Industries Inc said on Friday it is among defendants who have agreed to pay $4 billion to settle lawsuits related to deadly wildfires on Maui. The island’s utility and its parent company, Hawaiian Electric, are responsible for paying $1.99 billion of the pre-tax amount, which includes…
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Bunzl Accelerates Sustainability with Electric Vehicles By Investing.com
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BURLINGTON, Ontario, Aug. 1, 2024 (GLOBE NEWSWIRE) — Bunzl Canada (bunzlcanada.ca) today announced the company’s first electric-powered haulage truck for Bunzl Cleaning and Janitorial’s Toronto delivery routes. The vehicle will not only reduce greenhouse gas emissions, but also reduce engine noise. The new delivery truck is designed and manufactured by…
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Jaguar Land Rover is the world’s best electric racing team. Here’s how that will shape its EVs
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Jaguar TCS claimed its first Formula E team title on Sunday at London’s unique ExCel Centre indoor/outdoor track, marking the culmination of more than eight years of work since the carmaker first bet on electric racing. The win was bittersweet for the Coventry-based luxury carmaker, with New Zealanders Nick Cassidy…
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Jaguar cuts petrol cars as it changes gear to an electric era
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Jaguar is set to stop producing all of its petrol-powered cars by the end of this year, marking a major shift towards an all-electric future. The British luxury carmaker will continue to produce just one internal combustion engine car, the F-Pace SUV, before switching to an all-electric range from next…
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Vietnam’s VinFast delays US electric car plant amid market slowdown By Reuters
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By Phuong Nguyen HANOI (Reuters) – Vietnamese electric vehicle maker VinFast has postponed the launch of its planned $4 billion North Carolina factory to 2028 and cut its delivery forecast for this year by about 20,000 units amid uncertainty in the global electric vehicle market. Vinfast, founded by Vietnam’s richest…
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Explainer: Electric snowmobile maker Taiga seeks creditor protection
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Breadcrumbs Path Links Goods energy Electric car News Running out of money after struggling to expand business Get the latest news from Gabriel Friedman straight to your inbox. subscription Published on July 12, 2024 • Last updated 33 minutes ago • Read for 5 minutes You can save this article…
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UK car market sees first million sales since pandemic, driven by hybrids over fully electric vehicles
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The UK car market has reached a significant milestone, with new car registrations exceeding one million in the first half of 2024, the first time this has happened since pre-pandemic 2019. This renaissance includes a significant increase in the market share of electric vehicles. However, sales of plug-in hybrids and…
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Carlyle explores sale of electric power producer Cogentrix, FT reports By Reuters
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(Reuters) – Private equity firm Carlyle has hired advisers to study a sale of Cognitrix that could value the North Carolina-based energy producer at as much as $3 billion to $4 billion, the Financial Times reported, citing three people familiar with the matter. Carlyle is also selling other energy assets…
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Hawaiian Electric hits back at Maui County over Lahaina blaze (NYSE:HE)
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Hawaii Electrical Industries (New York Stock Exchange: Yes) said Friday it was not responsible for the deadly fire that destroyed the historic city of Lahaina, and Maui County should take responsibility, Bloomberg News reported. The utility filed a countersuit alleging that the local… The government neglected to clear vegetation, did…
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electric vehicle tariffs are a trap By Reuters
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Written by Joseph White and Christoph Stetz MUNICH (Reuters) – Stellantis (NYSE:) expects a big fight with Chinese rivals in the European electric vehicle market and expects serious consequences as a result, group CEO Carlos Tavares said on Wednesday. Tavares said tariffs on Chinese cars imported into Europe and the…
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Electric mobility has ‘won the race’ but Volkswagen hits brakes on EV strategy
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Volkswagen AG’s comprehensive electric vehicle plan no longer exists. VW’s namesake brand, which has made its ID family of electric vehicles a staple of its future, I confess Last week you’ll need more hybrid cars as electric car sales slow. This represents the latest tweak VW has made to its…
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Chinese electric vehicle maker Zeekr soars in IPO debut (NYSE:ZK)
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Editorial jozzeppe/iStock via Getty Images Zeekr Intelligent Technology Holding (IPO) opened trading Friday at $26 after the Chinese electric vehicle maker priced its IPO at $21 per share. Male shares (New York Stock Exchange: ZK) zoomed to $29.20 before settlement behind. The initial surge in electric vehicle stocks pushed their…
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Chinese electric vehicle maker Zeekr soars in IPO debut (NYSE:ZK)
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Editorial jozzeppe/iStock via Getty Images Zeekr Intelligent Technology Holding (IPO) opened trading Friday at $26 after the Chinese electric vehicle maker priced its IPO at $21 per share. Male shares (New York Stock Exchange: ZK) zoomed to $29.20 before settlement behind. The initial surge in electric vehicle stocks pushed their…
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Car Industry Urges UK Government Action to Boost Waning Electric Vehicle Demand
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Carmakers are sounding the alarm about slowing demand for electric cars among private buyers in the UK, leading to urgent calls for government intervention to reignite interest in battery-powered cars. Although overall UK vehicle registrations increased by 1% year-on-year to 134,000 in April, driven by fleet sales, sales to private…
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Electric Coin Company distances from direct funding of Zcash
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Electric Coin appears to be changing its Zcash funding approach, calling for decentralization. Electric Coin (ECC), the company behind the Zcash cryptocurrency, has announced a shift in its funding approach to the token, signaling a move away from direct protocol funding and calling for decentralization where the current development fund,…