Ford shares slide as automaker forecasts weaker growth, further losses for electric vehicle unit

Ford shares slide as automaker forecasts weaker growth, further losses for electric vehicle unit

Ford Motor Co. is forecasting weaker earnings growth for this year and further losses in its electric vehicles business as it works to control costs ByALEX VEIGA AP business writer February 5, 2025, 6:02 PM Ford Motor Co. is forecasting weaker earnings growth for this year and further losses in its electric vehicles business as it works to control costs. The automaker said Wednesday that it expects its full-year adjusted pretax income to range between $7 billion and $8.5 billion. The companyR...
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NNPC Deploys Five New Trucks In Abuja To Boost CNG Availability

NNPC Deploys Five New Trucks In Abuja To Boost CNG Availability

One of the newly deployed NNPC Ltd Cascade for CNG distribution The Nigerian National Petroleum Company Limited (NNPC) has deployed five new Compressed Natural Gas (CNG) cascades at designated stations in Abuja, effective today. This move aims at enhancing the supply of CNG, providing users with improved access and a more efficient refueling experience. The NNPC reaffirmed its commitment to ensuring a smoother refueling experience by actively monitoring user feedback and making necessary adjustm...
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 NNPC deploys five new CNG cascades in Abuja to boost gas availability 

 NNPC deploys five new CNG cascades in Abuja to boost gas availability 

The Nigerian National Petroleum Company Limited (NNPC) has commenced the deployment of five new Compressed Natural Gas (CNG) cascades at designated stations in Abuja, effective today. This initiative aims to enhance the supply of CNG, providing users with improved access and a more efficient refueling experience. NNPC reaffirmed its commitment to ensuring a smoother refueling experience by actively monitoring user feedback and making necessary adjustments. The company expressed optimism that thi...
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Egypt’s Electric Vehicle Future: Potential and Challenges Ahead

Egypt’s Electric Vehicle Future: Potential and Challenges Ahead

As Egypt moves towards using electric vehicles (EVs), it faces both ambitions and challenges that highlight its readiness for this transition. Ranked 28th in the Global Electric Mobility Readiness Index (GEMRIX) 2023, Egypt has been classified as a “starter market” with a score of 32 out of 100, placing it 10th among 13 countries in the MENA region.  Egypt’s ranking highlights the country’s ambitious and promising EV landscape, marked by government initiatives aimed at fostering a more...
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Another Delay For The Aston Martin Electric Vehicle?

Another Delay For The Aston Martin Electric Vehicle?

Aston Martin affirms its commitment to releasing an electric model but has yet to announce a specific launch date. Consequently, interested buyers will need to wait several more years for the Aston Martin electric vehicle (EV). Canadian businessman and co-owner Lawrence Stroll indicated two years ago that the inaugural electric Aston Martin would arrive in 2025. However, the company subsequently postponed the launch to 2026, and in April of last year, it was suggested that the arrival might be p...
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African governments opt for gas-run cars over EVs to drive down transport emissions

African governments opt for gas-run cars over EVs to drive down transport emissions

Countries like Nigeria, Egypt and Tanzania are promoting CNG as a cheaper, cleaner fuel than petrol – but using gas could hold back a green transition When Jimoh Abeeb first heard about using compressed natural gas (CNG) to run cars back in 2022, he didn’t think much of the idea. A friend had just adapted his vehicle for CNG and was encouraging him to do the same. “When he told me that I was going to use up to N450,000 ($282) to convert my car to CNG, I just lost interest,” Abeeb told Cl...
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Pan Jian, Co-Chairman of CATL: China’s Electric Vehicles Are Transitioning from “EV” to “EIV”

Pan Jian, Co-Chairman of CATL: China’s Electric Vehicles Are Transitioning from “EV” to “EIV”

In the Chinese automotive industry, the traditional term ‘EV (electric vehicle)’ has been replaced by the new term ‘EIV (electric intelligent vehicle)’. Pan Jian, co-chairman of CATL, proposed this view at the World Economic Forum annual meeting in Davos, Switzerland. Pan Jian explained: “‘I’ represents intelligent.” Pan Jian believes that the rapid growth of China’s electric vehicle market is due to the perfect integration of ‘electric’ and ‘intelligent’. “Electricit...
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“It Isn’t Powered By CNG” : PCNGI Debunk Fake News Of CNG-powered BRT Bus Fire On Lagos 3rd Mainland Bridge

“It Isn’t Powered By CNG” : PCNGI Debunk Fake News Of CNG-powered BRT Bus Fire On Lagos 3rd Mainland Bridge

“It Isn’t Powered By CNG” : PCNGI debunk fake news of CNG-powered BRT Bus fire on Lagos 3rd Mainland Bridge. PCNGI notes that CNG remains a safe, environmentally friendly alternative to conventional fuels when properly used and maintained. The Agency urge the public to verify facts before spreading misinformation that could create unnecessary panic. The Presidential Initiative for Compressed Natural Gas (PICNG) has debunked ‘fake reports’ claiming that a Compressed Natural Gas (CNG)-po...
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Opinion: Electric Vehicle rebate program failed, but will it be expanded anyway?

Opinion: Electric Vehicle rebate program failed, but will it be expanded anyway?

Date: Thursday, January 30, 2025 Washington’s EV rebate program fell short, delivering just one cent of environmental benefit per dollar spent, raising questions about its future expansion. For every $1 of subsidy from Washington’s taxpayers – who care deeply about the environment — for every dollar spent, taxpayers received just over a penny’s worth of environmental benefit David BozeWashington Policy Center The Washington Policy Center released an analysis of the data from our state...
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Honda Is Working On A More Compact Electric Vehicle For The US Market.

Honda Is Working On A More Compact Electric Vehicle For The US Market.

Honda is developing a completely new, smaller electric vehicle expected to retail for less than $30,000, with sales in the US potentially starting as soon as 2026. This information was reported by the Japanese outlet Nikkei, which also mentions that the new electric vehicle will be manufactured in Ohio and is one of seven models from the upcoming O-series set to launch by 2030. Manufacturing the new EV domestically will help it avoid the steep tariffs proposed by President Trump, and a retail pr...
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