Motors
3 Major Technology Advantages That Lucid Motors Has Over Tesla
Lucid Motors is one of the hottest electric vehicle (EV) start-ups that is coming to the public markets this year, recently announcing that it will be merging with Churchill Capital IV (NYSE:CCIV), a special-purpose acquisition company (SPAC). Electric pickup truck and SUV maker Rivian is reportedly planning to go public in 2021, although it is …
Dreame Technology’s Smart Factory Breaks Suction Speed Barrier to Mass Produce 150,000rpm Vacuum Motors
SUZHOU, China, Dec. 20, 2020 /PRNewswire/ — Leading smart home technology brand, Dreame Technology (Dreame), offered the first glimpse of its smart motor production factory with the capacity to mass-produce high-speed motors that can reach 150,000rpm and will feature in the upcoming cordless vacuum model expected to be released in March 2021. Experience the interactive …
Breaking news: Trevor Milton out of Nikola Motors
Nikola founder Trevor Milton gave 1 million of his personal shares in the startup electric truck maker to 350 employees. (Photo: Nikola) Sources close to the embattled fuel cell truck manufacturer are reporting that founder Trevor Milton has resigned as Executive Chairman of Nikola Motors (NASDAQ: NKLA) and has departed the company effective immediately. He …
Breaking News: Electric pickup maker Lordstown Motors going public in reverse merger
Startup electric truck maker Lordstown Motors Corp. is going public in a reverse merger that will value LMC at $1.6 billion. (Photo: Lordstown Motors) Electric pickup truck startup Lordstown Motors Corp. (LMC) is going public through a reverse merger with a special purpose acquisition company (SPAC), the latest clean transportation company to take a fast-track …
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 …
General Motors buys property in Concord for racing technology center
“We’re thrilled to expand GM’s U.S. footprint by establishing a greater presence in Charlotte, a community that has become a racing and engineering mecca,” said Jim Campbell, Chevrolet U.S. vice president of Performance and Motorsports. “The new facility will be close to a number of key Chevrolet and Cadillac racing partners, teams and suppliers. This …
GM strike: UAW and General Motors reach tentative deal to end autoworker strike
The news that the union’s negotiators had struck a tentative deal with GM after more than a month of meetings in Detroit was greeted with a sense of cautious optimism here by workers, who have endured many challenges as the fight dragged on. They missed paychecks and endured increasingly cold temperatures waiting for any sign …
General Motors should tell the UAW to take a hike
General Motors’ leadership shouldn’t budge in its negotiations with the United Automobile Workers union representing its employees. As with most unions, UAW have little interest in the high rhetoric of fairness they spout. They simply care about extracting maximum resources without regard to broader economic factors. But GM workers are already getting a great deal …
United Auto Workers votes for a nationwide strike against General Motors
The United Auto Workers union, which represents approximately 49,000 General Motors employees, called for a nationwide strike Sunday against the Detroit-based vehicle manufacturer. The union said the strike was scheduled to start at midnight Monday unless an agreement could be reached in negotiations with GM. But talks were not expected to continue Sunday evening. It …
GM strike: UAW says it will strike General Motors at midnight
As union officials met in Detroit Sunday morning, the union issued a new strike threat. “If GM (GM)refuses to give even an inch to help hard-working UAW members and their families then we’ll see them on the picket lines tonight,” said the statement. There remained “significant differences between the parties on wages, health care benefits, …
