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| 1 | | West Coast ports are shutting down as union workers have failed to reach an agreement with port management officials. SSA and TraPac, two of the largest terminals in the Port of Oakland, are not working. More: - The majority of imports and exports are processed through SSA and TraPac, according to officials from the Port of Oakland. Employees at these ports have stopped showing up to work and reporting to management.
- The Port of Oakland is the eighth largest in the U.S.
- This port is used to import wine and meat from Australia, aluminum from South Korea, and clothing, electronics, and furniture from China, among other items.
- This crisis puts a halt to the momentum that West Coast ports had gained after losing volume to ports on the East Coast earlier this year, precisely due to labor liability issues.
- Even though work has been shut down in several ports, the situation is not being considered a formal strike.
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| 2 | | Jaguar has recalled over 6,000 I-Pace EVs in the U.S. over an issue with batteries that could lead to them catching fire. LG Energy Solution manufactured the batteries. More: - The company is recalling 2019-2024 I-PACE vehicles built at the Graz Vehicle Assembly Plant from June 5, 2018.
- Jaguar Land Rover has stated that the recalled vehicles will receive an update to the Battery Energy Control Module, including software that will monitor the battery pack and alert the owner if the battery is susceptible to thermal overload.
- Jaguar stated that car owners would not be charged for the repair, and those that have paid will be reimbursed.
- The issue is similar to a battery issue that General Motors faced last year with Bolt EVs, which forced the company to recall 140,000 vehicles throughout the U.S. and Canada.
- LG was also the battery supplier for the Bolt EVs.
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| 3 | | Stellantis has announced its plan to launch an electric compact SUV in 2025. The new vehicle will replace the current gas, diesel, and hybrid Citroen C5 Aircross SUV in Europe. More: - The new Stellantis EV, codenamed CR3, will offer up to 440 miles of range.
- CR3 will not be offered in other versions besides as an EV, according to company CEO Carlos Tavares.
- The vehicle will be manufactured in a renovated plant in Rennes, which is set to cost the company over $170M.
- Stellantis aims to have 100% of European passenger car sales be electric, while its goal for the U.S. market is 50%.
- The holding company has brands such as Jeep, RAM, Dodge, Alfa Romeo, Citroen, and Maserati under its management.
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| 4 | | The Tesla Model Y Long Range model in Canada is now officially a Chinese import, Tesla has announced. The China-manufactured model will have the same price as the U.S. model but less range. More: - The Model Y models manufactured in Giga Shanghai will likely use batteries that utilize lithium iron phosphate packs that have recently become more common for Tesla vehicles.
- The dual-motor Long Range starting price will remain at $69,990, but its range will drop.
- The Long Range model will now have 497 km of driving range, down from the 531 km that the U.S.-made model had.
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| 5 | | Ford has partnered with Uber to launch a flexible Mach-E lease program. The program is first launching in California. More: - Through this program, drivers will be able to lease Mach-E vehicles anywhere from one to four months.
- The program will be available in Los Angeles, San Diego, and San Francisco.
- The drivers will receive their vehicles within two weeks and will be able to manage the entire process through an app named Ford Drive.
- This partnership will help Uber introduce more EVs to its customers, as the company aims to have a 100% electric car fleet by 2030.
NOTE: Inside.com Founder and CEO Jason Calacanis is an early investor in Uber. | | | |
| 6 | | Volkswagen has revealed a three-row version of the ID.Buzz microbus that will be launched for the North American market. Deliveries will begin in 2024. More: - The ID.BUZZ will have 282 horsepower, a top speed of 99 mph, and a 91kWh battery.
- The 99-mph top speed is a far cry from the Microbus of the 1960s, after which the ID.Buzz is modeled, with its 40-horsepower engine that struggled to reach 60 mph on flat ground.
- Volkswagen hasn't yet announced the range of the three-row version, though the European version has a 263-mile range.
- Considering that the U.S. version has more horsepower, a higher top speed, and is longer, it is likely to cost more than $65,000, which is the base price for the European model.
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- The U.S. Department of Transportation issued a $1.1M fine to British Airways for not providing timely refunds to passengers for canceled flights.
- Ford is suing Blue Cross Blue Shield, alleging the insurer engaged in a price-fixing conspiracy to get the automaker to pay more in employee insurance plans.
- Boeing is delaying the first crewed launch of its Starliner spacecraft after finding issues with the capsule.
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INSIDE TRANSPORTATION LEADERBOARD (ALL-TIME) |
 | Writer | | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading (and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. | | This newsletter was edited by Aaron Crutchfield | |
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