Autos
Judge knocks down Elon Musk’s bid to end SEC consent decree
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters A federal judge has knocked down Tesla CEO Elon Musk’s bid to terminate a settlement agreement that he struck with the Securities and Exchange Commission after the agency charged him with securities fraud […]
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GM’s first-quarter earnings surprised Wall Street but investors remain cautious
GM’s impressive beat and reaffirmed guidance weren’t enough to outweigh fears of analysts and investors of outside macro-economic factors. Source
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Luxury EV maker Lucid scores order from Saudi government for up to 100,000 vehicles
With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Lucid Group said that the government of Saudi Arabia has agreed to buy up to 100,000 of its electric vehicles over the next ten years. Saudi Arabia’s public wealth fund holds an approximately 62% stake […]
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GM will start tying executive compensation to electric vehicle targets
General Motors Chairwoman and Chief Executive Officer Mary Barra speaks during a meeting hosted by U.S. President Joe Biden with private sector CEOs to discuss the Build Back Better agenda at the White House in Washington, U.S., January 26, 2022. Kevin Lamarque | Reuters DETROIT – General Motors will begin tying a “significant part” of […]
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General Motors maintains 2022 guidance despite rising costs and supply chain issues
DETROIT – Amid rising costs and supply chain instability, General Motors reaffirmed its earnings expectations for 2022 despite reporting a lower net profit and margin compared to a year ago. CEO Mary Barra and CFO Paul Jacobson described the first-quarter results as “solid” and a testament to actions the company has taken in recent years […]
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General Motors now has 140,000 reservations for its electric Chevrolet Silverado pickup, due in 2023
2024 Chevrolet Silverado EV RST GM General Motors now has about 140,000 reservations for the upcoming electric version of its Chevrolet Silverado pickup, CEO Mary Barra said during GM’s first-quarter earnings presentation on Tuesday. GM has promised that the Silverado EV will have at least 400 miles of range, new fast-charging capabilities, and a four-wheel […]
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Ford CEO says the automaker plans to challenge Tesla as global EV leader
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DEARBORN, Mich. — Ford Motor has set its sights on topping Tesla in the race to become the global leader in electric vehicles, CEO Jim Farley said Tuesday. The goal […]
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Wall Street is worried inflation and supply issues may dent GM and Ford earnings more than previously expected
The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — There’s growing concern among Wall Street analysts that higher costs and supply chain disruptions will put pressure on 2022 earnings for General Motors and Ford Motor — even more than initially expected. Ahead of […]
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BMW, Audi suspend shipments by train to China due to Ukraine war
Spencer Platt | Getty Images News | Getty Images BMW and Volkswagen’s premium Audi brand have suspended shipments of cars by rail from Germany to China following the war in Ukraine, the German carmakers said on Tuesday. While both carmakers produce most of their vehicles in China, the world’s largest car market, a certain share is imported […]
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Elon Musk says he wants free speech, but his track record suggests otherwise
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Tesla and SpaceX CEO Elon Musk, the world’s wealthiest person on paper, is buying Twitter, the social media platform he has relied on for years to promote his interests and shape his public […]
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