General Motors Co
Inside Rivian’s EV plant and CEO RJ Scaringe’s strategy for growth, lower-priced EVs and competing with Tesla
Rivian CEO RJ Scaringe on April 11, 2022 inside the company’s plant in Normal, Ill. Michael Wayland / CNBC NORMAL, Ill. – Rivian Automotive CEO Robert Scaringe hops out of one the automaker’s R1T electric pickups outside of the company’s plant in central Illinois as a man chants, “RJ, RJ!” Scaringe, who goes by those […]
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China’s Covid policy locks down a city three times the size of New York
The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east. Johannes Eisele | Afp | Getty Images China’s latest wave of Covid restrictions has forced millions of people — roughly three times as many as live in New York City — […]
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As Goldman raises its electric vehicle forecast, analysts pick their top stocks to cash in
Goldman Sachs, Bank of America and more have picked their favorite electric vehicle-related stocks. Source
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Japanese car giant Honda targets EV expansion, earmarks billions for R&D
With several major economies looking to cut the number of diesel and gasoline vehicles on their roads, Honda and other carmakers are attempting to develop electrification strategies that will allow them to remain competitive going forward. Aimur Kytt | Istock Editorial | Getty Images Honda plans to invest around 5 trillion yen ($39.9 billion) in […]
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Inflation is hammering the U.S. South — and voters, who will soon decide some key midterm races
Republican activists seek drivers’ attention as they work to register voters to their party at a gas station in Garden Grove, California, U.S., March 29, 2022. Mike Blake | Reuters Matthew Rice doesn’t have to look hard for signs of inflation in Savannah, Ga. A gallon of gas cost $2.79 a few months ago, he […]
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Video shows what happens when a driverless car gets pulled over
A recent video posted online shows a driverless Cruise car getting pulled over in San Francisco by police who found the autonomous vehicle didn’t have anyone behind the wheel. In the video posted on April 1, the Cruise car initially pulls over to the side of the road and stops as a cop approached the […]
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From trolling Tesla to ‘WTF mode’: Here’s why GM insiders say the Hummer EV marks a change for the automaker
GMC Hummer EV Edition 1 Michael Wayland / CNBC PHOENIX – The new electric GMC Hummer pickup is different for General Motors and not just because it isn’t a gas-guzzler like its ancestors. It marks a major shift for the historically conservative Detroit automaker in both form and function, according to those who worked on […]
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Biden administration holds EV industry meeting with Musk, Barra
Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters The Biden administration said senior officials held a meeting Wednesday with major automotive leaders including Tesla Chief Executive Elon Musk and General Motors Chief […]
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GM expects record year of Chevy Bolt EV sales following fire recall
2022 BOLT EUV Source: Chevrolet DETROIT – General Motors expects sales of its electric Chevrolet Bolt models can rebound from a high-profile recall after several vehicles caught fire to achieve record results in 2022. “We see record numbers of sales and production for ’22, and we see ’23 being bigger than ’22. We are bullish […]
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GM and Honda to partner on ‘affordable’ electric vehicles
General Motors CEO Mary Barra speaks during a visit of the US president to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images DETROIT – General Motors and Honda Motor will develop a series of affordable electric vehicles based on a […]
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