General Motors Co
Cathie Wood’s Ark takes a stake in GM for the first time
The purchase – valued at more than $6 million – was through the ARK Autonomous Tech. & Robotics ETF. Source
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The Salton Sea could produce the world’s greenest lithium, if new extraction technologies work
About 40 miles north of the California-Mexico border lies the shrinking, landlocked lake known as the Salton Sea. Though the lake was once the epicenter of a thriving resort community, water contamination and decades of drought have contributed to a collapse of its once-vibrant ecosystem and given rise to ghost towns. But amid this environmental […]
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Detroit automakers aren’t letting up on a long-standing rivalry, even as they pivot to take on Tesla
Ford CEO Jim Farley speaks at the launch of the all-new electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. The F-150 Lightning is positioned to be the first full-size all-electric pickup truck to go on sale in the mainstream U.S. market. Bill Pugliano […]
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Surging prices force consumers to ask: Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images Sandy Magny plans to take her teenage daughter to West Palm Beach, Florida, this summer, even though airfares are surging. It won’t be cheap, but Magny doesn’t want to […]
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Robotaxis haven’t taken over the streets, but that doesn’t mean self-driving cars are all hype
It’s 2022. We were supposed to have robotaxis by now. What happened? Source
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Top autos CEO warns of battery supply scarcity as EV competition heats up
In 2021, Volvo Cars said it planned to become a “fully electric car company” by the year 2030, a move which will require it to have a consistent and secure supply of batteries for its vehicles. Peerapon Boonyakiat /SOPA Images | LightRocket | Getty Images The new CEO and president of Volvo Cars has predicted […]
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Ford and GM believe they can retain pricing profit engine, but Wall Street is unsure
Automotive executives seem confident strong pricing on new vehicles will continue this year, however Wall Street analysts aren’t so sure. Source
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China’s capital city loosens robotaxi restrictions for Baidu, Pony.ai in a big step toward removing human taxi drivers
Chinese tech companies Baidu’s Apollo Go and Pony.ai announced Thursday they received permission from Beijing city authorities to remove the safety driver for part of their robotaxi business in a suburban part of the city. Vcg | Visual China Group | Getty Images BEIJING — China’s capital city has moved one step closer toward letting […]
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Ford CEO Jim Farley says pricing has offset rising commodity costs, sees improvement in second quarter
Commodity prices continued to be a headwind for Ford Motor, CEO Jim Farley told CNBC’s Jim Cramer on Wednesday, but the company has managed to offset them through its pricing strategy. “The commodity pressure, the premium freight we’re seeing, I mean it’s really real. … The good thing is, our pricing has offset all of […]
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Ford sees first-quarter profit dragged lower by Rivian stake, but maintains 2022 earnings guidance
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – Ford Motor posted first-quarter results Wednesday that were in line with Wall Street’s expectations, though its earnings were dragged down by a stake in electric vehicle maker Rivian Automotive and lower profits on reduced production. […]
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