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Automotive

Rivian Q1 Revenue Estimates Better Than Expected for High-Priced EV Sales
May 9, 2023 Ξ

Rivian Q1 Revenue Estimates Better Than Expected for High-Priced EV Sales

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Rivian Automotive Inc (RIVN.O) exceeded analysts’ expectations for quarterly revenue by selling more high-end electric vehicles in Q1, while maintaining its production forecast of 50,000 cars for the year. The  Full Article »

Automotive

Challenges Loom for Automakers Meeting Tougher Proposed US Emissions Rules
May 9, 2023 Ξ

Challenges Loom for Automakers Meeting Tougher Proposed US Emissions Rules

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Automakers are expressing concerns about proposed U.S. emissions regulations, stating that they will encounter difficulties with manufacturing and supply chains if aggressive targets for reductions in vehicle emissions are enforced.  Full Article »


Automotive

GM Hires Apple Executive to Lead Software Unit Amidst Plans to Discontinue Apple CarPlay Use
May 9, 2023 Ξ

GM Hires Apple Executive to Lead Software Unit Amidst Plans to Discontinue Apple CarPlay Use

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Today, General Motors Co (GM.N) announced the appointment of former Apple Inc (AAPL.O) executive Mike Abbott to head a division that will integrate three software functions within the company. Starting  Full Article »

Automotive

Fisker Lowers Annual Production Forecast Due to EV Supply Chain Challenges
May 9, 2023 Ξ

Fisker Lowers Annual Production Forecast Due to EV Supply Chain Challenges

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Fisker Inc has revised down its 2023 production target due to supply chain challenges in the electric vehicle (EV) industry. The setback is part of a broader trend of U.S.  Full Article »

Automotive

Lucid Motors Posts Disappointing Quarterly Revenue Numbers Amid EV Competitor Price Discounts
May 8, 2023 Ξ

Lucid Motors Posts Disappointing Quarterly Revenue Numbers Amid EV Competitor Price Discounts

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Lucid Motors, Lucid Group Inc (LCID.O), reported disappointing first-quarter revenue, falling short of Wall Street estimates due to a pricing war that was sparked by Tesla Inc (TSLA.O) and resulted  Full Article »

Automotive

Tesla’s Use of Forced Arbitration Clauses Questioned by Several U.S. Senators
May 8, 2023 Ξ

Tesla’s Use of Forced Arbitration Clauses Questioned by Several U.S. Senators

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Seven US senators have raised concerns about Tesla’s use of forced arbitration clauses in their contracts with customers. These clauses require customers to resolve any disputes through binding arbitration rather  Full Article »

Automotive

Global EV Market Battle Heats Up as China’s EV SUV Market Expands
May 8, 2023 Ξ

Global EV Market Battle Heats Up as China’s EV SUV Market Expands

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As the world’s largest automotive market, China has become a key battleground for automakers looking to establish a foothold in the electric vehicle (EV) market, and their love for SUV’s  Full Article »

Automotive

Toyota ‘Fully committed’ to Producing Electric Vehicles, says White House
May 8, 2023 Ξ

Toyota ‘Fully committed’ to Producing Electric Vehicles, says White House

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Recently, the White House has praised Toyota for its commitment to electrifying its auto fleet. According to a statement from the White House, Toyota is “fully committed” to electrifying their  Full Article »

Automotive

Stellantis Q1 Revenue Up 14% But Has Cautious Outlook
May 3, 2023 Ξ

Stellantis Q1 Revenue Up 14% But Has Cautious Outlook

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Stellantis, the global automotive company formed through the merger of Fiat Chrysler Automobiles (FCA) and PSA Group, has reported a boost in revenue for the first quarter of the year.  Full Article »

Automotive

More Americans Don’t Want Electric Cars but EV Market Share Still Rises
May 3, 2023 Ξ

More Americans Don’t Want Electric Cars but EV Market Share Still Rises

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According to a recent study conducted by J.D. Power, it has been found that despite the growing popularity of electric vehicles (EVs) and the increasing market share of EVs in  Full Article »

Automotive

2023 Ford Mustang Mach-E Receives Prices Cuts Amid New & Improved Battery Tech
May 2, 2023 Ξ

2023 Ford Mustang Mach-E Receives Prices Cuts Amid New & Improved Battery Tech

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The 2023 Ford Mustang Mach-E is receiving price cuts, up to $4,000, alongside battery updates and improved range. The Mach-E, Ford’s all-electric SUV inspired by the iconic Mustang, has been  Full Article »

Automotive

Ford Motor Company’s Q1 $1.76 Billion Profit Shows Positive Outlook
May 2, 2023 Ξ

Ford Motor Company’s Q1 $1.76 Billion Profit Shows Positive Outlook

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Ford Motor Company has reported a significant profit of $1.76 billion for the first quarter (1Q) of the year. This achievement reflects a strong performance and positive financial results for  Full Article »

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