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Tag Archives: Autos

Fiat Chrysler and PSA Groupe shareholders approve merger

Fiat Chrysler and PSA Groupe shareholders approve merger

An employee at Fiat Chrysler’s Windsor Assembly Plant works inside the chassis of the Chrysler Pacifica Hybrid in December 2016. Fiat Chrysler Shareholders of Italian-American automaker Fiat Chrysler and France-based PSA Groupe on Monday approved a merger plan to create Stellantis, the world’s fourth-largest automotive group. The voting was one …

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Nikola shares slide after deal ends for EV garbage trucks

Nikola shares slide after deal ends for EV garbage trucks

Nikola Corporation rang the Nasdaq Closing Bell remotely from across the world. Source: The Nasdaq Nikola shares slid 9% Wednesday after the company announced that it has terminated its partnership with Republic Services to jointly develop electric garbage trucks. Nikola said the decision was made after both companies “determined that …

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‘The upside could be enormous’

'The upside could be enormous'

CNBC’s Jim Cramer on Tuesday reacted to rumors that Apple could be laying day a path to get into the car business, saying Apple stock should be owned simply for its existing catalog of technology products. “An electric vehicle merely gives you one more reason to own Apple, not trade …

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XL Fleet EV stock ‘could be a steal’ after blank-check merger

XL Fleet EV stock 'could be a steal' after blank-check merger

CNBC’s Jim Cramer on Friday gave his assessment on XL Fleet, the commercial and municipal fleet electrification supplier that’s expected to go public next week via blank-check merger. XL Fleet, founded in 2009 to tap into the emerging electric vehicle economy, is being targeted by a special purpose acquisition company …

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General Motors, Ford won’t mandate Covid-19 vaccinations for employees

General Motors, Ford won't mandate Covid-19 vaccinations for employees

Ford started resuming vehicle production in the U.S. on May 18, 2020 with new coronavirus safety protocols such as health assessments, personal protective equipment and facility modifications to increase social distancing. Ford General Motors will not require employees to receive Covid-19 vaccinations to return to physical office locations or continue …

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EV start-up Canoo unveils new vehicle ahead of NASDAQ debut

EV start-up Canoo unveils new vehicle ahead of NASDAQ debut

Canoo’s van – known as a multipurpose delivery vehicle, or MPDV, because of the ways it can be upfitted – is designed for commercial customers. Canoo Electric vehicle start-up Canoo unveiled a new delivery van Thursday ahead of its public debut on the NASDAQ next week. The futuristic-looking van – …

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Why cheap cars are disappearing from dealer showrooms

Why cheap cars are disappearing from dealer showrooms

The category of new cars costing less than $20,000 has shrunk in recent years, and it may keep younger buyers out of the market for a car, pushing them further toward ride-sharing and other forms of transportation. Data from J.D. Power shows that sales of cheap cars fell off a …

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Auto industry wants more government support for electric vehicles

Auto industry wants more government support for electric vehicles

The leading lobbying group for the U.S. auto industry is calling on policymakers to help support the adoption of electric vehicles through incentives, infrastructure investment and other regulatory means. Without suggesting a cost for such EV stimulus programs, the Alliance for Automotive Innovation said now is the time for “substantial, …

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Amazon, Panasonic Preparing for Demand of Battery Recycling

Amazon, Panasonic Preparing for Demand of Battery Recycling

Inside every smartphone and tablet lies a dense brick with a dark and complex history: its battery. The lithium that ferries charge back and forth likely started out in South American salt flats, where months of evaporation consumes millions of tons of water in some of the world’s driest regions. …

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GM’s Cruise begins testing autonomous vehicles in San Francisco

GM's Cruise begins testing autonomous vehicles in San Francisco

Two self-driving Chevy Bolt EV cars are seen during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, U.S. November 28, 2017. Elijah Nouvelage | Reuters Cruise, a majority-owned subsidiary of General Motors, has started testing self-driving vehicles without driver monitors in San Francisco, the company …

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Uber sells its flying taxi business to Joby Aviation

Uber sells its flying taxi business to Joby Aviation

Joby air taxi eVTOL demonstrator. After more than six years of secret development, Joby Aviation lifts the lid on its innovative eVTOL air taxi program. Source: Joby Aviation The air taxi business is at least a couple of years from taking off, but it’s already seeing consolidation among start-ups. California-based …

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Ford F-150 ‘Tremor’ pickup announced with new off-road adds

Ford F-150 'Tremor' pickup announced with new off-road adds

2021 Ford F-150 Tremor Ford Ford Motor is expanding its highly profitable truck lineup with a new off-road “Tremor” model for the F-150 pickup. The 2021 F-150 Tremor, announced Tuesday, features all-terrain equipment upgrades in addition to several new features of a redesigned version of the pickup, which is arriving …

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Nissan is trying to bounce back from turmoil and losses

Nissan is trying to bounce back from turmoil and losses

Japanese automaker Nissan has a history of saving itself from the brink of disaster. Right now it is trying to repeat the trick. Like all other automakers, the company is losing money from the coronavirus pandemic. But it’s also trying to recover from some self-inflicted wounds by former Nissan executives, …

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JPMorgan ‘skeptical’ about GM producing Nikola badger pickup

JPMorgan 'skeptical' about GM producing Nikola badger pickup

Nikola Motor Company Source: Nikola Motor Company JPMorgan is “skeptical” about Nikola finalizing a deal with General Motors to produce an electric pickup truck called the Badger for the embattled vehicle start-up. Instead, JPM analyst Paul Coster expects the two companies to renegotiate a previously announced $2 billion deal without …

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Coronavirus pandemic and EVs prove GM’s worth to investors

Coronavirus pandemic and EVs prove GM's worth to investors

As ride-hailing companies Uber and Lyft rose to popularity and e-scooters popped up across major U.S. cities earlier this decade, industry analysts predicted the beginning of the end of car ownership. That meant “traditional” automakers such as General Motors would have to evolve or die. In an effort to spur …

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Consumer reports pans Tesla Models S and Y

Consumer reports pans Tesla Models S and Y

Brand new Tesla Model S cars sit on front of a Tesla showroom on August 2, 2017 in Corte Madera, California. Tesla will report second-quarter earnings today after the closing bell. Justin Sullivan | Getty Images  Consumer Reports is no longer recommending Tesla’s Model S and is panning the reliability …

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GM to accelerate EV plans, plans to spend up to $27 billion

GM to accelerate EV plans, plans to spend up to $27 billion

2022 GMC Hummer EV sport utility truck GM General Motors is increasing and accelerating its rollout of all-electric vehicles as the automaker attempts to compete against industry leader Tesla as well as an influx of new competitors in the emerging market. The Detroit automaker said Thursday it will spend $27 …

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GM to offer auto insurance using data from connected vehicles

GM to offer auto insurance using data from connected vehicles

After enrolling in OnStar Smart Driver, customers with eligible vehicles receive ongoing driving behavior feedback, such as hard braking, hard acceleration, late night driving and distance driven. GM General Motors is relaunching an auto insurance division as a way to generate new revenue using data from its growing numbers of …

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UK electric vehicle maker Arrival is going public via SPAC

UK electric vehicle maker Arrival is going public via SPAC

LONDON — British electric vehicle start-up Arrival announced Wednesday that it will go public through a merger with a U.S. blank-check company. This year has seen a flurry of SPACs, or special purpose acquisition companies, come to market as businesses have shunned the traditional initial public offering process. SPACs are …

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Lordstown Motors races to revive shuttered Ohio GM plant

Lordstown Motors races to revive shuttered Ohio GM plant

When General Motors decided to pull the plug on a sedan plant in northeast Ohio almost two years ago, the Detroit-based automaker was reacting to America’s growing interest in trucks and SUVs. The move eliminated more than 1,300 jobs, creating a headache for Lordstown, Ohio, and the local economy that …

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Why Americans are wasting money on premium gasoline

Why Americans are wasting money on premium gasoline

The word “premium” suggests high quality, the best of the best. But what is commonly called “premium gasoline” is a waste of money for countless drivers. Thanks in part to the coronavirus, gas prices have been relatively low compared with the soaring ones seen roughly a decade ago. At the same …

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‘This is a big deal for us’

'This is a big deal for us'

Ford Motor is carving a unique lane as the automaker goes after the electric vehicle market, newly installed CEO Jim Farley told CNBC’s Jim Cramer Thursday. Earlier that day the company announced a new all-electric van targeting business customers, as part of its $11.5 billion investment in electric vehicles through …

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