Motley Fool Why Macy’s, Nordstrom, and Party City Just Crashed Tic-tac-toe, three in a row, shares of retail stocks Macy’s (NYSE: M), Nordstrom (NYSE: JWN), and Party City Holdco (NYSE: PRTY) crashed in quick succession Thursday, and were trading down by 7.9%, 9.1%, and 12.4%, respectively, as of 1:54 p.m. EDT. You can probably blame… Continue reading @niche: EV company Workhorse Group unveils new leadership roles as it works to get plans back on track001273
Author: Niche Vehicle RSS Feeds
@niche: Workhorse Shares Sink After It Halts Electric Van Deliveries001257
(Bloomberg) — Workhorse Group Inc. shares plunged on Wednesday to their lowest in fifteen months after the embattled electric-vehicle maker said it will suspend deliveries of its vans and recall units it has already delivered. Most Read from Bloomberg The electric van, called the C-1000, would require additional testing and modifications to existing vehicles in… Continue reading @niche: Workhorse Shares Sink After It Halts Electric Van Deliveries001257
@niche: Workhorse Halts Electric Van Deliveries, Says NHTSA Filings Unreliable001256
Rick Dauch isn’t fooling around. The new CEO at Workhorse Group is halting sales of the company’s long-delayed and production-challenged electric delivery vans because customers want more cargo capacity and a better design. And Workhorse (NASDAQ: WKHS) is recalling 41 vans already in customer possession because it cannot vouch for their safety. The company said… Continue reading @niche: Workhorse Halts Electric Van Deliveries, Says NHTSA Filings Unreliable001256
@niche: Lightyear reaches $110 million (€93 million) funding milestone in 2021 YTD These funds are used for the further development and production of Lightyea…001240
Strategic investments were made by insurer DELA and investor Joop van Caldenborgh Additional funding solidifies resources for continued development and production of long-range solar car Helmond, the Netherlands, September 16, 2021 – Lightyear, the high-tech company developing the world’s first long-range solar car, is proud to announce that it has raised $110 million (€93 million)… Continue reading @niche: Lightyear reaches $110 million (€93 million) funding milestone in 2021 YTD These funds are used for the further development and production of Lightyea…001240
@niche: Sono Motors to Provide 100 Sion to We Drive Solar for V2G Project in the City of Utrecht001240
Sono Motors is on a mission to enable a revolutionary mobility system, where every electric vehicle is solar, shared, and independent from fossil-fuels. Today, an experienced specialist team is developing a forward-looking electric car that is suitable for daily use, the Sion. Both the Sion’s integrated solar technology and innovative mobility services will enable users… Continue reading @niche: Sono Motors to Provide 100 Sion to We Drive Solar for V2G Project in the City of Utrecht001240
@niche: Rivian For The Win: Electric Vehicle Maker Targets $8B IPO Windfall001242
Electric vehicle maker Rivian, which is backed by Amazon (NASDAQ: AMZN), Ford (NYSE: F), and T. Rowe Price, is looking to raise between $5 billion and $8 billion in an initial public offering, Reuters is reporting. The company filed last month confidentially with the Securities and Exchange Commission for an IPO that could value the… Continue reading @niche: Rivian For The Win: Electric Vehicle Maker Targets $8B IPO Windfall001242
@niche: Workhorse Withdraws Next-Gen Mail Truck Bid Protest001241
Workhorse Group is withdrawing its protest of a multibillion-dollar delivery truck contract that the U.S. Postal Service had awarded to Oshkosh Corp. after reconsidering the background of the bid as well as other business opportunities. “Since I joined the company six weeks ago, we have been conducting a deep and intensive overview of all aspects… Continue reading @niche: Workhorse Withdraws Next-Gen Mail Truck Bid Protest001241
@niche: Workhorse dismisses its legal challenge to USPS contract award001232
By David Shepardson WASHINGTON (Reuters) -Electric vehicle company Workhorse Group voluntarily dismissed on Tuesday its legal challenge against a U.S. Postal Service (USPS) move to award a multibillion-dollar contract to Oshkosh Defense for delivery vehicles. The 10-year contract announced in February could be worth more than $6 billion and allows for delivery of between 50,000… Continue reading @niche: Workhorse dismisses its legal challenge to USPS contract award001232
@niche: Elio Motors announces its intent to produce an electric version of it’s popular vehicle.001217
Press Releases Phoenix, AZ— September 9, 2021 — Elio Motors OTCMKTS: ELIO, (eliomotors.com) is announcing their intention to produce an electric version of their three-wheeled vehicle. The announcement is based on the change in consumer demand and finance markets’ new appetite for electric vehicles. The Elio-E model has a targeted base at $14,900 making it the… Continue reading @niche: Elio Motors announces its intent to produce an electric version of it’s popular vehicle.001217
@niche: Sono Motors Is Expanding Its Car Sharing Service Beyond the Sion – Any Car Can Be Shared via the Sono App001211
Sono Motors is on a mission to enable a revolutionary mobility system, where every electric vehicle is solar, shared, and independent from fossil-fuels. Today, an experienced specialist team is developing a forward-looking electric car that is suitable for daily use, the Sion. Both the Sion’s integrated solar technology and innovative mobility services will enable users… Continue reading @niche: Sono Motors Is Expanding Its Car Sharing Service Beyond the Sion – Any Car Can Be Shared via the Sono App001211