General Motors Co
Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images Sandy Magny plans to take her teenage daughter to West Palm Beach, Florida, this summer, even though airfares are surging. It won’t be cheap, but Magny doesn’t want to …
Electric Last Mile shares plummet to $1 after company confirms SEC probe
The ELMS Urban Delivery, anticipated to launch later this year, is expected to be the first Class 1 commercial electric vehicle available in the U.S. market and will be produced at the Company’s facility in Mishawaka, Indiana. Electric Last Mile Solutions DETROIT – Shares of EV start-up Electric Last Mile Solutions plummeted during intraday trading …
Ford splits EVs and legacy autos into separate units
People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT – Ford Motor said Wednesday it will reorganize operations to separate its electric and internal-combustion engine businesses into separate units within the automaker. The company expects the …
Jay Leno reveals what he thinks is the genius behind Elon Musk, Tesla
Jay Leno said he thinks the genius of Tesla’s CEO Elon Musk is that “he was building the infrastructure as he was building the vehicle.” “Even today, a lot of the major manufacturers build an electric car, but, oh, where do you charge it?” Leno told the “The News with Shepard Smith” during a Friday …
Ford second-quarter sales fall 33.3% due to coronavirus, stay-at-home orders
A Ford Motor employee inspects the all-new 2020 Ford Explorer before it rolls of the line to ensure quality for our customers. Ford Ford Motor reported Thursday that its U.S. vehicle sales in the second quarter were down 33.3%, in-line with industry expectations as the coronavirus caused consumers to stay at home, and dealerships and factories to shutter. …
New Ford F-150 to feature integrated generator, over-the-air updates
The 2019 Ford F-150 Limited pickup Mack Hogan | CNBC The importance of a new F-150 pickup to Ford Motor has never been greater. The automaker needs its highly profitable flagship product to drive a global restructuring plan and pay off debt related to the coronavirus pandemic. It also needs to convince Wall Street that …
General Motors (GM) earnings Q1 2020
General Motors eked out a $294 million profit for the first quarter despite the fallout from the coronavirus pandemic that’s shuttered factories and devastated sales. The Covid-10 outbreak cut deeply into GM’s performance, costing the largest U.S. automaker $1.4 billion on a pretax basis during the first three months of the year. Of the top U.S.-based automakers, GM …
Trump told Pence not to call Washington, Michigan governors
President Donald Trump said Friday that he instructed Vice President Mike Pence not to reach out to governors who aren’t “appreciative” of his administration’s efforts to slow the spread of the coronavirus in their states. “If they don’t treat you right, I don’t call,” Trump said of those state leaders. “I think they should be …