Ever pull up behind a Tesla and see that target painted on the rearend? Okay, there isn’t a literal bull’s-eye there, but for most every automaker — particularly the luxury ones — Tesla’s premium models are firmly in their sights.
Last year Porsche unveiled the dual-motor Tayca Turbo S, its first series production electric car and one that heralds the beginning of a steady stream of EVs snaking out of Stuttgart. The benchmark in that class is the Tesla Model S.
Audi will bring to European markets its all-new E-tron and E-tron Sportback this fall, and just this past week news out of Ingolstadt indicates there will be dual motor versions of each, sporting the S badge and, as my colleague Graeme Fletcher reported, a mighty 717 lbs.-ft of torque.
And now Mercedes-Benz has leveled its engineering prowess at Tesla’s much admired range, with Daimler chairman Ola Kallenius promising that the 2021 Mercedes-Benz EQS will have a full-charge range north of 700 kilometres. That’s using the Euro WLTP rating system, so it remains to be seen how that will translate into an EPA rating. Typically, EPA range ratings are some 10 to 20 per cent less than WLTP ones.
Tesla’s long-range Model S is the EPA gold standard of 402 miles (647 km), and while Kallenius didn’t mention Tesla by name during his speech to shareholders — during which he dropped the news about that 700-km range — it’s clear that the Southern California EV maker is the prime competition for the EQS. The luxury sedan will be the first Mercedes built on the EVA all-electric architecture.
Most of you are likely too old to remember, as am I, but back in the Sixties the Big Three had a similar obsession with numbers during the muscle car heydays. Only instead of trying to eke out as much driving range from a battery pack, that battle was about cranking out as much horsepower as possible.
Am I the only one who sees the irony here?
Plugged In Podcast
Electrify Canada is opening 32 public fast-charging stations in four provinces by the end of 2020. In our final episode of Season 2, we talk with company COO Robert Barrosa
TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.
The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.
Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.
Consolidated comparable sales were up 0.3 per cent.
On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.
The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.
The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.
Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.
Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.
On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.
The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
TORONTO – Thomson Reuters reported its third-quarter profit fell compared with a year ago as its revenue rose eight per cent.
The company, which keeps its books in U.S. dollars, says it earned US$301 million or 67 cents US per diluted share for the quarter ended Sept. 30. The result compared with a profit of US$367 million or 80 cents US per diluted share in the same quarter a year earlier.
Revenue for the quarter totalled US$1.72 billion, up from US$1.59 billion a year earlier.
In its outlook, Thomson Reuters says it now expects organic revenue growth of 7.0 per cent for its full year, up from earlier expectations for growth of 6.5 per cent.
On an adjusted basis, Thomson Reuters says it earned 80 cents US per share in its latest quarter, down from an adjusted profit of 82 cents US per share in the same quarter last year.
The average analyst estimate had been for a profit of 76 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
