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| Hey Insiders — Today we're bringing you the latest on Volvo adopting the NACS standard and Ford's round of layoffs. Scroll down for details on the DOT grants for electric buses. Let us know which areas you would like us to cover next. Thanks for reading! Nicolas
p/mobilitynerd | |
| 1 | | Ford announced it would lay off 1,000 employees in the U.S. and Canada, primarily impacting engineering teams. The staff reduction would occur across its three main groups, Ford Blue, Model e, and Ford Pro. More: - In its last quarterly report, the automaker revealed that it estimated between $1.5B and $2B in expenditures attributable to employee separations and supplier settlements versus $2B spent in the category in 2022 and $608M in 2021.
- In February, Ford announced the reduction of 3,800 jobs in Europe across administrative and product administration roles over the next three years.
- In August, the company laid off 2,000 salaried positions and 1,000 agency jobs in the U.S., Canada, and India, as part of cost-reduction measures and reorganization.
- $F closed up 2.13% for the day and 14.46% MoM on Monday.
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| 2 | | Volvo Cars became the latest automaker to announce the adoption of the North American Charging Standard developed by Tesla. The move follows Ford, General Motors, and Rivian. More: - The Tesla Supercharger network would open to all existing Volvo BEVs starting in H1 2024.
- CCS1-compatible Volvo models, including the XC40 and the C40 Recharge, would require a NACS to CCS1 adapter.
- NACS-native Volvo models are expected to be released in 2025.
- "One major inhibitor to more people making the shift to electric driving — a key step in making transportation more sustainable — is access to easy and convenient charging infrastructure. Today, with this agreement, we're taking a major step to remove this threshold for Volvo drivers in the United States, Canada, and Mexico," said Volvo Cars CEO Jim Rowan.
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| 3 | | Stellantis announced the creation of a new business unit focused on electric vehicle charging, Free2move Charge, in preparation for the launch of EV models in the U.S. in 2024. The automaker said it was still evaluating adopting Tesla's North American Charging Standard. More: - "If we don't play a more vertically integrated approach, it's going to be very hard for us to build and deliver that value to our customers," said Ricardo Stamatti, senior VP for Free2move Charge.
- Stellantis is expected to launch sales of eight new electric models in North America next year.
- The DOT has earmarked up to $5B in subsidies for charging networks along major roads and $2.5B for charging in communities.
- Stellantis was up 1.81% for the day and 7.37% MoM on Tuesday.
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| 4 | | The Department of Transportation's Federal Transit Administration is earmarking $1.7B across 130 public transport projects in 46 states and territories. The funds would involve getting more than 1,700 buses on the roads, of which at least half would be zero-emission. More: - While the exact number of electric buses was not revealed, the agency said it would bring the current total past 1,800 vehicles.
- Among the selected projects is the Washington Metropolitan Area Transit Authority's use of $104M to electrify a bus depot and purchase 100 battery-electric buses.
- King County Metro Transit in Seattle plans to purchase approximately 30 electric buses for $33.5M.
- In 2022, the FTA awarded grants for the purchase of 1,100 electric buses through a $1.66B program.
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| 5 | | Volkswagen is reportedly temporarily slowing down production by 30% of the ID.4 electric vehicle in Emden, Germany. The automaker would be letting go of 300 of the 1,500 temporary workers at the plant in August. More: - The production start of the ID.7 electric sedan would be delayed. The automaker, however, stated that it is "confident that the utilization of the plant will increase again with the market launch of the ID.7 at the end of the year."
- Production of the ID.4 has been in operation since May 2022 in Emden, originally handling the model's export to the U.S. until the Chattanooga plant went online in July 2022.
- Minister of Economics for Lower Saxony Olaf Lies, who also sits on VW's supervisory board, said the decision was understandable but a "warning signal for the industry."
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| 6 | | More than 8,000 flights in the Northeast were delayed or canceled due to a storm that began on Sunday. On Tuesday afternoon, Newark Liberty had 300 cancelations and ~100 delays, LaGuardia had 120 cancelations and ~70 delays, and JFK had 60 cancelations and 170 delays. More: - Other airports affected by the inclement weather included Boston Logan, with delays bordering the hour mark, Philadelphia International, with delays averaging over an hour for arrivals and 44 minutes for departures, and Reagan National Airport, with delays from 30 to 45 minutes on Tuesday.
- In a reported email sent by United Airlines CEO to select employees, the executive said the FAA failed in relation to the weekend delays, citing understaffing and lower experience at the agency for a reduction of arrivals by 40% and departures by 75%.
- Over 150,000 customers United customers were impacted by delays or cancelations over the weekend.
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| 7 | | Quick Hits: - Kubernetes doesn't need to be complex. Join us for a conversation about how to increase developer productivity & reduce your pull request time by 75%.*
- Canadian Pacific Kansas City and CSX started a joint venture for hydrogen locomotive conversion kits.
- Fewer than 0.01% of e-scooter rides in London resulted in serious injuries.
- Egis and Urban-Air Port signed a memorandum of understanding to develop modular vertiports for eVTOLs.
- Former Audi chairman Rupert Stadler was handed a suspended sentence of one year and nine months by a Munich court for the 2015 diesel scandal.
- It's never been easier for your sales organization to accelerate growth. Learn how AI and more can help you sell in a whole new way.*
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INSIDE TRANSPORTATION LEADERBOARD (ALL-TIME) |
 | Sr. Analyst | | Nicolas S. is a Sr. Analyst at Inside, covering transportation and startup trends. He is an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped startups. Follow him at @MobilityNerd. | | This newsletter was edited by Aaron Crutchfield | |
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