Lordstown Motors secures $170M investment from Foxconn
Lordstown, which posted a wider quarterly loss, will use the proceeds from the share sale to fund development and design activities for a new electric vehicle program in collaboration with Foxconn......»»
Toss-up election leads some companies to delay investment decisions until after November
Some companies in the electric vehicle supply chain are waiting to see the results of the Nov. 5 presidential and congressional elections before making final decisions on investment plans......»»
China has detained four employees from the world’s largest iPhone plant
China has detained four Taiwanese employees at Foxconn’s Zhengzhou plant, the largest iPhone production facility in the world, responsible for around 80% of global production. The employees were detained using powers the Chinese government last.....»»
GM says simplifying gasoline vehicles has made them more profitable
Earnings from the Chevrolet Trax subcompact crossover have increased roughly 20 percentage points over the previous model, General Motors President Mark Reuss said......»»
The best Google Pixel 9 Pro Fold cases: 15 to consider right now
The Google Pixel 9 Pro Fold has arrived, along with a pretty impressive lineup of cases. Here are the ones we feel are the best to protect your investment......»»
GM ditches failed Ultium battery branding as its EV sales soar
GM says it's time to embrace new cell formats and chemistries. General Motors is shaking up its electric vehicle strategy once again. Despite bumper EV sales in 2024, the US autom.....»»
North America can seize EV leadership from China, GM battery chief says
The U.S. can seize global leadership on electric vehicle batteries as the customer base for EVs grows, said Kurt Kelty, General Motors' vice president of batteries......»»
General Motors is ditching Ultium branding for its EV batteries
GM says it's time to embrace new cell formats and chemistries. General Motors is shaking up its electric vehicle strategy once again. Despite bumper EV sales in 2024, the US autom.....»»
GM drops Ultium name for EV platform
General Motors said at an Oct. 8 investor day that it expects to build roughly 200,000 EVs this year as it targets profitability......»»
Hydro-hazard research needs more investment in low-income countries, says study
Research efforts on floods, droughts and landslides are not fairly distributed globally. Although research is increasing in areas affected by these natural hazards, the number of people affected by hydro-hazards in the least developed countries needs.....»»
GM resumes production after hurricane-related supplier issue
General Motors said it is resuming production at two assembly plants in Texas and Michigan after it temporarily halted production at the plants last week because of impacts to its suppliers due to Hurricane Helene......»»
Toyota bets big on air taxis with $500M investment in Joby
Auto giant Toyota is investing another $500 million into Joby, which pioneered the first test flight of an air taxi over the skies of New York City......»»
OpenAI secures $6.6 billion in latest funding round
Thanks to $6.6 billion in funding from the likes of Microsoft and Nvidia with a $157 billion valuation, OpenAI is now one of the wealthiest private enterprises on the planet......»»
GM CEO Mary Barra back at No. 1 of Most Powerful Women in Business
Fortune recognized Mary Barra for steering General Motors through last year's UAW contract talks and strike while also improving the automaker's profitability and stock price......»»
Just how empty is GM"s Renaissance Center?
It’s no secret that General Motors' Renaissance Center has become a bit of a ghost town, but we’ve not known with any level of specificity just how empty it is, until now......»»
Toyota will invest $500 million more into air-taxi startup Joby Aviation
The additional funding will bring Toyota Motor Corp.'s investment in Joby Aviation to $894 million......»»
Foxconn says execs from Nvidia, Google, BMW will speak at its annual forum
Foxconn says execs from Nvidia, Google, BMW will speak at its annual forum.....»»
Apple backs out of backing OpenAI, report claims
Apple dropped out of the $6.5 billion investment round at the 11th hour. Enlarge / The Apple Park campus in Cupertino, California. (credit: Anadolu Agency | Getty) A few weeks back, it was reported that Apple was explori.....»»
GM"s Cruise agrees to pay $1.5 million U.S. fine as part of consent order with NHTSA over crash disclosures
General Motors self-driving subsidiary Cruise and federal safety regulators have agreed to a consent order that will remain in place at least two years, federal officials said Sept. 30......»»
Nio secures $1.9 billion injection from parent, shareholders
A cash burn has triggered analysts’ concerns, and Nio, which has never been profitable, reported a 4.5 billion yuan second-quarter loss, though sales surged to 17.5 billion yuan......»»
UAW urges Stellantis workers to authorize strike, accuses car maker of breaching contract
The union's grievances center around Stellantis' product and investment commitments made during contract negotiations last autumn......»»