Fisker has announced its future plans alongside preliminary 2023 and Q4 earnings, and it's not looking great for the EV manufacturer. The company plans to lay off 15 percent of its workforce — nearly 200 people — as it shifts from a direct-to-consumer to a Dealer Partner model. The company is halting all investments in upcoming models and will resume only if in partnership with another automaker.

The company's fourth-quarter revenue increased to $200.1 million from $128.3 million in Q3. However, its gross margin was negative 35 percent, and it lost $1.23 per share. Its sole EV on the market, the Ocean SUV, also had 10,193 units produced but 4,929 vehicles delivered.

The automaker first introduced its pivot to a Dealer Partner Model in January and claims it has received interest from 250 dealers across North America and Europe, along with 13 signed agreements. "We are aware that the industry has entered a turbulent, and unpredictable period," Henrik Fisker, chairman and CEO of Fisker, said in a statement. "With that understanding and taking the lessons learned from 2023, we have put a plan in place to streamline the company as we prepare for another difficult year. We have adjusted our outlook for 2024 to be much more conservative than in 2023." The company plans to deliver between 20,000 and 22,000 Ocean models across the world. 

Fisker is currently negotiating with "a large automaker" for an investment and joint production of future EVs. This means that previously announced vehicle production, such as the Alaska EV pickup with humungous cup holders and a designated cowboy hat space, will be on hold indefinitely. Fisker originally planned to start production on the Alaska EV pickup in early 2025. 

The White House has announced an investigation into cars built in China and other unnamed "countries of concern." The Biden administration notes that cars are "constantly connecting" with drivers' phones, other vehicles, American infrastructure and their manufacturers, and that newer models use tech such as driver assist systems.

"Connected vehicles collect large amounts of sensitive data on their drivers and passengers; regularly use their cameras and sensors to record detailed information on US infrastructure; interact directly with critical infrastructure; and can be piloted or disabled remotely," the White House said in a statement. Officials are concerned that "new vulnerabilities and threats" could arise from connected vehicles if foreign governments are able to access data from them. They are especially wary that said countries of concern could use such information in ways that put national security at risk.

The Department of Commerce will lead the investigation. "We need to understand the extent of the technology in these cars that can capture wide swaths of data or remotely disable or manipulate connected vehicles, so we are soliciting information to determine whether to take action under our ICTS [information and communications technology and services] authorities," Commerce Secretary Gina Raimondo said.

Through its advance notice of proposed rulemaking [PDF], the agency is looking for feedback from the public to help determine "the technologies and market participants that may be most appropriate for regulation." The investigation will help the Commerce Department decide whether to take action. It's the first time that the agency's Bureau of Industry and Security is carrying out an investigation under Trump-era Executive Orders "focused on protecting domestic information and communications technology and services supply chains from national security threats," the White House said.

"China is determined to dominate the future of the auto market, including by using unfair practices. China’s policies could flood our market with its vehicles, posing risks to our national security. I’m not going to let that happen on my watch," President Joe Biden said. "Connected vehicles from China could collect sensitive data about our citizens and our infrastructure and send this data back to the People’s Republic of China. These vehicles could be remotely accessed or disabled."

As The Washington Post points out, cars built in China aren't especially common on US roads as yet, but they're becoming an increasingly familiar sight in other markets, such as Europe. While many of the vehicles that are causing concerns are EVs, its cars' cameras, sensors and software that are the focus of the probe.

It's not the first time that the US has investigated Chinese companies over concerns that they pose security risks to the country's infrastructure. A few years ago, it banned the import and sale of telecom networking equipment made by Huawei and ZTE (after stopping government employees from using the companies' phones). The government also required telecoms to remove and replace Huawei and ZTE gear in existing infrastructure at great expense.

Ford EVs will gain access to Tesla's Superchargers across the US and Canada starting today, becoming the first non-Tesla vehicles to do so, Ford announced. The companies cemented the fast charging pact last year and numerous other automakers followed suit later on. The expanded network will be a big benefit for the Ford and its customers amid news that sales of its EVs have heavily sagged.

Current Ford EVs use CCS type chargers, so current customers must order the Fast Charging Adapter (NACS) compatible with Tesla's Superchargers (below). That will be available at no charge to new and existing clients in the BlueOval charge network until June 30, 2024. After that, it will cost $230 including estimated taxes and shipping. Starting in 2025, Ford EVs will come standard with the NACS charging system. 

Ford

Customers can use the FordPass App to locate the new Tesla Superchargers, just as they would when looking for BlueOval chargers. Tesla Superchargers will also be coming to Apple Maps EV routing, Google Maps EV routing, and the Ford Connected built-in navigation BlueOval charge network.

As for payment, you'll be able to handle that through the FordPass app and Charge Assist app in the vehicle's touchscreen. "This means customers simply have to plug in and charging will automatically start with [costs] managed through FordPass." BlueOval charge network membership is required, and if you're not yet enrolled, you'll be prompted to do so when order the NACS adapter (check's Ford's website for more details).

Tesla's 15,000+ strong Supercharger network will more than double Ford EV owners' access to fast DC chargers. With that, it will have 28,000 fast chargers and 126,000 chargers total. The company notes that a lack of charging stations is the second largest barrier after price for customers potentially selecting EVs instead of ICE or PHEV vehicles. 

The news is good for Ford and other automakers who will get a big boost in the number of fast charging spots. However, Tesla owners will see a lot more Supercharger competition. Last year, the US government opened $2.5 billion in funding for community EV chargers

With declining EV sales, Ford was recently forced to lower Mach E prices by $3,100 to $8,100, it recently said in a financial statement. The company also cut production of that model and the F-150 Lightning pickup truck due to the slowdown.

The Biden administration plans to loosen the limits on tailpipe emissions proposed last year by the Environmental Protection Agency (EPA), giving automakers more time before they’ll be required to sell significantly more electric vehicles than gas-powered cars, The New York Times reported this weekend. Under the proposed regulations laid out by the EPA, EVs would have to account for 67 percent of new car and light-duty truck sales by 2032.

Rather than forcing manufacturers to start ramping up EV sales right away, the changes would allow them to make the shift more gradually through the remainder of the 2020s, sources told the NYT. After 2030, though, EV sales would need to drastically increase. Automakers have argued that the current cost of electric vehicles and the lack of charging infrastructure stand in the way of hitting such extreme targets as those proposed by the EPA. Last year, just 7.6 percent of new cars sold in the US were EVs, per NYT.

The revision is likely a move in part to appease labor unions, which represent a demographic seen as a key area of support for Biden and have expressed a need for more time to unionize new EV plants among other concerns, according to NYT. The rules are not yet finalized, but are expected to be published in the spring.

Last year, two Waymo robotaxis in Phoenix "made contact" with the same pickup truck that was in the midst of being towed, which prompted the Alphabet subsidiary to issue a recall on its vehicles' software. A "recall" in this case meant rolling out a software update after investigating the issue and determining its root cause. 

In a blog post, Waymo has revealed that on December 11, 2023, one of its robotaxis collided with a backwards-facing pickup truck being towed ahead of it. The company says the truck was being towed improperly and was angled across a center turn lane and a traffic lane. Apparently, the tow truck didn't pull over after the incident, and another Waymo vehicle came into contact with the pickup truck a few minutes later. Waymo didn't elaborate on what it meant by saying that its robotaxis "made contact" with the pickup truck, but it did say that the incidents resulted in no injuries and only minor vehicle damage. The self-driving vehicles involved in the collisions weren't carrying any passenger. 

After an investigation, Waymo found that its software had incorrectly predicted the future movements of the pickup truck due to "persistent orientation mismatch" between the towed vehicle and the one towing it. The company developed and validated a fix for its software to prevent similar incidents in the future and started deploying the update to its fleet on December 20. 

Waymo's rival company Cruise was involved in a more serious incident last year, wherein one of its robotaxis accidentally dragged someone hit by another vehicle a few dozen feet down a San Francisco street. California then suspended its license to operate in the state, and Cruise eventually paused all robotaxi operations, even the ones with a human driver behind the wheel, as part of a safety review. Meanwhile, it's business as usual for Waymo, which recently announced that it will start testing driverless vehicles on highways and freeways in and around Phoenix. 

United Airlines briefly grounded its fleet of brand-new Airbus A321neo planes, according to a report by Gizmodo. This had nothing to do with safety, as was the case with that recent Boeing controversy. Rather, it was due to the aircraft running afoul of a 1990 regulation regarding “no smoking” signs.

The 1990 ruling mandates that “no smoking” signs found on aircraft must be manually operated by the crew. The newly-designed Airbus A321neo features software that automatically displays the signage during a flight, so the crew doesn’t switch it on and off. That’s pretty much it. Meanwhile, smoking itself was fully banned from both domestic and international flights nearly 25 years ago.

Automated signage systems are not new. Many air travel companies bypass the 1990 regulation by applying for an exemption with the Federal Aviation Authority. United filed for this exemption on behalf of its entire fleet back in 2020, which was granted. There’s just one problem. The company's Airbus A321neo is so new that it doesn’t fall under the protection of that exemption. These planes just started flying the friendly skies two months ago.

United is seeking permission from the FAA to add the Airbus A321neo to the pre-existing exemption. The federal agency has given United permission to fly its fleet of A321neos, five in all, while evaluating this request.

“As the FAA noted, this is not a safety of flight issue. Our five A321neos were briefly out of service on Monday while we worked through this issue with the FAA, resulting in a handful of delays but no cancellations as we swapped that flying to other aircraft types in an effort to minimize disruption for our customers,” United wrote in a statement.

There’s just one question left to ask. It costs around $130 million to manufacture just one A321neo aircraft, so United spent $650 million to make this fleet. That’s a whole lot of cheddar, so why didn’t it get this exemption stuff sorted before the company started booking flights?

Stellantis is the latest manufacturer to commit to using Tesla’s NACS (North American Charging Standard). The company was the last remaining holdout among major automakers, meaning the NACS is becoming a true common standard.

According to a press release, electric vehicles from Stellantis brands (which include Dodge, Chrysler, Fiat, Ram, Jeep and Alfa Romeo) will start using the NACS connector in select models next year. The automaker will also offer an adaptor for existing vehicles, meaning drivers will be able to charge using either NACS or Combined Charging System (CCS) ports.

Stellantis says its embrace of the NACS builds on its commitment with six other automakers to build a network of more than 30,000 fast charging points on highways and in urban areas in North America by 3030. These stations will support NACS and CCS.

The automaker has joined the likes of Volkswagen, GM, Volvo, Polestar, Mercedes, Honda, BMW and Lucid in supporting the NACS. EV charging network operators ChargePoint and Electrify America also pledged to adopt the NACS after Tesla open sourced the connector in late 2022.

While Toyota helped lead the hybrid charge with its Prius, the company has been less active in EV production. But that might be in the past, as Toyota has announced another $1.3 billion for its Kentucky facility, with a focus on EVs. In particular, the company is building a new three-row electric SUV that will be available for US customers. 

Toyota's Kentucky operation is its flagship facility, with nearly 9,400 employees. "Today's announcement reflects our commitment to vehicle electrification and further reinvesting in our US operations," Kerry Creech, president of Toyota Kentucky, said in a release. "Generations of our team members helped prepare for this opportunity, and we will continue leading the charge into the future by remaining true to who we are as a company and putting our people first for generations to come."

Little is known so far about the three-row electric SUV, as Toyota only mentions it briefly in relation to the investment. However, it follows the company's prior announcement of its Urban SUV concept slated to launch in Europe this year. 

The $1.3 billion investment will also go towards creating a battery pack assembly line at its Kentucky factory (a separate manufacturing plant in North Carolina produces the batteries). Toyota has big plans for its battery production, previously announcing three battery ranges focused on higher performance and low cost slated for 2026 and onward. The company is also working on its first solid-state batteries, which have the potential to charge an EV from 10 to 80 percent in 10 minutes. Toyota's bZ4X EV currently takes 32 minutes to do so. 

Porsche first debuted its first EV line, Taycan, in 2019, and now it's giving the series a revamp. The high-end car manufacturer has announced the 2025 Taycan sports sedan, Cross Turismo and Sport Turismo models, featuring "a particularly extensive update." 

The 2025 Taycan EVs have "reached new heights in terms of performance, with exceptional driving dynamics and driving pleasure," Kevin Giek, head of the Taycan model line, said in a statement. "At the same time, we were able to significantly improve efficiency, range, day-to-day usability and comfort." Updates include faster acceleration, with the rear-wheel drive Taycan sedan shooting from 0 to 60 miles per hour in 4.5 seconds — 0.6 seconds faster than its predecessor. The Turbo S sedan makes the same jump in 2.3 seconds, an improvement of 0.3 seconds. 

In terms of power, there's 430 bhp behind the base Taycan, while the Turbo reaches 872 bhp. The top-spec Turbo S, however, hits a mighty 940 bhp (up from 750 bhp in previous models). 

Porsche also claims its 2025 Taycan line has a 35 percent better range with up to 422 miles between charges, helped by improved regeneration. Juicing up should also be quicker as it can charge using up to 320kW (that's 50kW more than previous models) via an 800-volt DC charging station. Other new standard features include adaptive air suspension, Lane Change Assist and a heated steering wheel. On the outside, Taycan models have been given a slight design refresh, which include high-resolution matrix headlights.

The 2025 Taycan line starts at $99,400 for the entry-level model and reaches $211,700 for the Turbo S Cross Turismo. Porsche adds another $1,995 to each order for delivery, processing and handling. Porsche says the new Taycan models will be available starting in the spring, and it looks like they'll hit the United States in the summer or fall. 

Tesla is having to conduct another mass-scale recall of its electric vehicles. The National Highway Traffic Safety Administration found that the font size on several instrument panel warning lights is too small per federal guidelines. As such, the company is recalling nearly 2.2 million EVs — almost every car it has sold in the US — to resolve the issue.

Thankfully, for both Tesla and its customers, the automaker won’t require drivers to bring their EV to a dealer or repair shop. It will issue a fix via an over-the-air update.

The NHTSA discovered the problem during a routine safety compliance audit last month. It found that the text on the brake, park and antilock brake warning lights is smaller than required under federal rules. The agency noted that can make it hard to read the information, which could increase the likelihood of a crash.

Affected EVs are the Model S (model years 2012-2023), Model X (2016-2023), Model 3 (2017-2023), Model Y (2019-2024) and the Cybertruck. Tesla has not received any reports of injuries or crashes related to the issued, though it has found three potentially linked warranty claims.

In December, Tesla issued a similarly large-scale recall due to an Autopilot issue. It was also able to resolve that with an OTA update. Since then, it has issued other recalls connected to door safety and backup camera issues, each of which affected more than 120,000 vehicles.

Meanwhile, as the Associated Press reports, the NHTSA has upgraded an investigation into steering issues. The agency is conducting an engineering analysis. That brings the probe, which covers more than 334,000 vehicles, closer to a recall.

The NHTSA opened the investigation last July after receiving 12 reports of steering control loss in 2023 Model Y and Model 3 EVs. Since then, the agency has received 115 complaints related to the issue, which it has obtained another 2,176 from Tesla after seeking information from the automaker. One of the complaints is linked to a crash.