Rivian’s first product, the 2022 R1T full-size pickup, is now in production and initial impressions, including from us, are positive. That should bode well for the company’s efforts to raise additional funds by launching an initial public offering, a filing for which was made with the Securities and Exchange Commission last week. The filing discloses
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4:28 PM ET Associated Press TALLADEGA, Ala. — NASCAR’s playoff race at Talladega Superspeedway was washed out and rescheduled for Monday because persistent rain backed the series into too tight of a window to run as scheduled. The race was initially delayed almost two hours and NASCAR made one attempt Sunday at starting the 500-miler.
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Tesla, which is already suing Rivian and former employees hired by the electric pickup truck startup, is expanding its lawsuit against the company. It now claims that Rivian is stealing its “trade secrets” about battery technology. Rivian has been one if not the most serious electric vehicle startup since Tesla, and part of why the
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5:53 PM ET Associated Press AUSTIN, Texas — Amid a season of self-described suffering, Marc Marquez was all smiles as he returned to his winning form in Texas. The Repsol Honda rider dialed up his old speed for a dominant victory at the MotoGP Grand Prix of the Americas on Sunday, while championship leader Fabio
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In this article RIDE Lordstown Motors has entered into an in-principle agreement to sell its massive assembly plant in Ohio to iPhone maker Foxconn for $230 million, the companies announced late Thursday. Under the deal, the Taiwan-based electronics contract manufacturer will assemble Lordstown Motors’ first product, an all-electric pickup truck called the Endurance, that the
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An American flag flies at a Chevrolet dealership on August 4, 2021 in Glendale, California. In spite of a computer chip shortage, General Motors (GM) posted a $2.8 billion net profit in the second quarter. Mario Tama | Getty Images DETROIT – General Motors’ U.S. vehicle sales during the third quarter plummeted by more than
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Every second year since 2013, North Dakota resident Bill Fischer’s Chevrolet Avalanche gets filled with yellow-husked black walnuts by a neighborhood squirrel. This year, that squirrel was particularly busy. After returning from a recent trip, Fischer opened up the hood of his Chevy and was presented with hundreds of walnuts. Clearing them out wasn’t an
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Auto executive turned international fugitive Carlos Ghosn believes German automakers are best positioned to challenge electric vehicle leader Tesla. Ghosn, speaking from Lebanon where the former Nissan chairman fled to allude Japanese authorities, mentioned Mercedes-Benz and Volkswagen specifically during an interview Friday with CNBC’s Phil LeBeau during “The Exchange.” “In my opinion, it’s going to
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In this article GM GOOGL The California Department of Motor Vehicles approved autonomous vehicle deployment permits for GM-backed Cruise and Alphabet’s Waymo on Thursday. It allows the companies to charge a fee and receive compensation for autonomous services offered to the public, such as ride-hailing, in certain areas. The companies still need approval from the
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