Month: August 2023

Canadian union Unifor officially opens contract talks with the Detroit 3 automakers in Toronto on Aug. 10. The latest round of contract negotiations comes as Ford, General Motors and Stellantis commit billions of dollars to new battery production plants and electric vehicle retooling projects at vehicle assembly sites throughout North America, including plants across the
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California-headquartered Amprius Technologies has revealed a new high-energy density, high-discharge rate silicon anode cell that could potentially be used in aerial and automotive applications. The company claims to have achieved a discharge rate of 10C with an energy density of 400 watt-hours per kilogram. The capability could benefit electric vertical take-offs and landings (eVTOL), and
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CarGurus unexpectedly delayed reporting its second-quarter earnings on Thursday, sending the vehicle listing company’s stock plunging after it issued a statement that offered few details behind the decision. Shares of CarGurus slipped 16 percent to close at $18.09 on Friday. CarGurus, of Cambridge, Mass., had been scheduled to release financial details and hold its quarterly
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Electric truck maker Nikola said Michael Lohscheller will step down as CEO less than a year after taking over the job and would be replaced by former General Motors vice chairman Stephen Girsky. Girsky, who is currently Nikola’s chairman, will be the company’s fourth CEO in as many years. His appointment comes as Nikola tries
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In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Nikola TRE FCEV2 Courtesy: Nikola Electric truck maker Nikola said on Friday that its CEO, Michael Lohscheller, will step down effective immediately due to a “family health matter.” Nikola’s current board chair, former General Motors vice chairman Steve Girsky, will take over as CEO. Lohscheller
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Associated Press Aug 3, 2023, 06:57 PM ET NASHVILLE, Tenn. — IndyCar loves racing through the streets of Music City so much that the series is making Nashville the final race of the season and the stage for its annual awards starting in 2024. Mark Miles, president and CEO of Penske Entertainment Corp., announced Thursday
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In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Nikola Tre BEV Courtesy: Nikola Electric truck maker Nikola won shareholder approval to issue new stock, the company said late on Thursday. The vote paves the way for Nikola to raise additional funds to support the launch of its fuel-cell-powered electric Tre semitruck and the buildout
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Tesla Inc.’s China deliveries slumped in July to the lowest level this year, as the electric vehicle maker struggles to attract buyers despite price cuts and other incentives. The company’s Shanghai plant delivered 64,285 cars last month, a 31.4 percent drop from June, according to preliminary data published by China’s Passenger Car Association on Thursday.
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Vietnamese automaker VinFast has canceled its participation in this year’s IAA Mobility show in Munich. The company confirmed to Automotive News Europe sister publication Automobilwoche that it will be absent from the show, which takes place next month. VinFast did not give a reason for the cancellation. VinFast’s plan to sell cars in Europe has
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Chevrolet has decided not to build an entry-level 1LT trim on the new 2024 Blazer EV, pushing the starting price of the electric midsize crossover above the $45,000 mark it originally was targeting. A front-wheel-drive version of the Blazer EV 2LT, scheduled to arrive next year, will be the base model instead, Chevy said. Blazer
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