U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. Massimo Pinca | Reuters Electric heavy-truck maker Nikola said on Thursday that it plans to raise $100 million via a secondary stock offering to… Continue reading Nikola announces a $100 million stock offering
Author: CNBC Online news
Ford hikes prices on its F-150 Lightning as production resumes after EV battery fire
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. Ford Motor said that it has resumed full production of its electric F-150 Lightning pickup following a February battery fire — and that it’s once again raising prices on the popular truck. Ford said the standard-range Lightning… Continue reading Ford hikes prices on its F-150 Lightning as production resumes after EV battery fire
EVgo shares are surging after fourth-quarter results trounce Wall Street estimates
U.S. Secretary of Transportation Pete Buttigieg looks at an EVgo charging station during an electric vehicles event outside of the Department of Transportation October 20, 2021 in Washington, DC. Drew Angerer | Getty Images EV charging network operator EVgo on Thursday reported fourth-quarter revenue that beat Wall Street expectations and posted a narrower-than-expected loss as… Continue reading EVgo shares are surging after fourth-quarter results trounce Wall Street estimates
Tesla has only installed 3,000 Solar Roof systems in the U.S., far below forecast, study finds
Tesla vehicles parked outside a home with a Tesla Solar Roof on Weems Street in Boca Chica Village, Texas, U.S., on Monday, June 21, 2021. Veronica G. Cardenas | Bloomberg | Getty Images Tesla has only installed 3,000 of its Solar Roof systems in the U.S. since touting the technology seven years ago, according to… Continue reading Tesla has only installed 3,000 Solar Roof systems in the U.S., far below forecast, study finds
Lucid to cut 1,300 workers amid signs of flagging demand for its EVs
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Struggling EV maker Lucid said in a regulatory filing on… Continue reading Lucid to cut 1,300 workers amid signs of flagging demand for its EVs
Ford director Kimberly Casiano on speaking up about diversity in the corporate boardroom
Morsa Images | Digitalvision | Getty Images Ford director Kimberly Casiano was the first Hispanic woman to serve on a Fortune 100 top five corporate board. A founding member of the Latino Corporate Directors Association, she also serves on the boards for Mead Johnson Nutrition and Mutual of America. Her firm, Kimberly Casiano & Associates,… Continue reading Ford director Kimberly Casiano on speaking up about diversity in the corporate boardroom
Historic UAW election picks reform leader who vows more aggressive approach to auto negotiations
Supporters wave signs during an address at the Time Warner Cable Arena in Charlotte, North Carolina, on September 5, 2012 on the second day of the Democratic National Convention (DNC). Mladin Antonov | AFP | Getty Images DETROIT – United Auto Workers members have ousted their president in the union’s first direct election, ushering in… Continue reading Historic UAW election picks reform leader who vows more aggressive approach to auto negotiations
Why there may be no return to ‘normal’ for the U.S. used vehicle market
Customers browse in a used car lot on February 15, 2023 in Glendale, California. Mario Tama | Getty Images All new vehicles become used cars and trucks once they’re sold. It’s an obvious statement, but one that needs to be laid out to explain the root cause for ongoing inventory and pricing issues in the… Continue reading Why there may be no return to ‘normal’ for the U.S. used vehicle market
Luminar CFO defends lidar maker’s pricing and revenue in the wake of a Goldman downgrade
A Mercedes-Benz van retrofitted with different types of lidar systems, including Luminar’s Iris, to showcase the differences in the technologies. Michael Wayland / CNBC Lidar maker Luminar Technologies, stung by a recent Wall Street downgrade, is responding in an unusual way: taking its case directly to the shareholders. In a letter seen by CNBC on… Continue reading Luminar CFO defends lidar maker’s pricing and revenue in the wake of a Goldman downgrade
Ford plans to build 500,000 EVs annually at its $5.6 billion Tennessee campus
Ford’s BlueOval City electric vehicle and battery manufacturing campus in West Tennessee is scheduled to begin production in 2025. It will be home to Ford’s second-generation electric truck, code named Project T3, and will be capable of producing 500,000 EV trucks a year at full production. Ford Ford Motor’s new plant being constructed outside Memphis,… Continue reading Ford plans to build 500,000 EVs annually at its $5.6 billion Tennessee campus