GM will idle the plant, which produces Silverado and GMC Sierra pickups, the weeks of April 4 and April 11, the company said Friday. Go to Source
Author: CNBC Online news
China’s EV makers could see a ‘shake down’ as they hike prices on rising material costs
Tesla and BYD are better positioned to weather rising prices due to their strong supply chains, analysts said, while low-cost players could struggle. Go to Source
Nio’s outlook will be in the spotlight when the Chinese EV maker reports earnings Thursday
China-based electric-vehicle maker Nio reports fourth-quarter earnings and 2022 guidance after U.S. markets close on Thursday. Go to Source
GM to buy SoftBank’s stake in Cruise self-driving unit for $2.1 billion
GM is acquiring SoftBank Vision Fund 1’s equity ownership stake in its majority-owned Cruise autonomous vehicle unit for $2.1 billion. Go to Source
Maserati unveils all-electric plan, starting with a new 1,200-horsepower GranTurismo
Maserati plans to offer electric versions of its entire lineup by 2025, starting next year with a new GranTurismo EV featuring more than 1,200 horsepower. Go to Source
Electric Last Mile shares plummet to $1 after company confirms SEC probe
The investigation is the latest problem for the Michigan-based company following unexpected resignations last month of both the company’s chairperson and CEO. Go to Source
Ford to address dealer concerns about separating its EV and legacy businesses
Ford will attempt to soothe dealers’ concerns over the company’s recent decision to split its EV and legacy gas-vehicle business. Go to Source
Rivian expects to deliver a modest 25,000 vehicles this year at it ramps EV production
While investors will be monitoring last quarter’s financial results, the real focus is on the company’s guidance for this year. Go to Source
Why Ford’s big EV split decision may get even bigger in the future
Ford’s decision to separate its EV business from traditional autos stopped short of a spinoff Wall Street wanted, but that could still be in the future. Go to Source
Chip shortage forces Ford to cut production of F-150, Bronco and other important vehicles
The cuts come a day after Ford significantly missed Wall Street’s earnings expectations due to supply chain issues, sending shares to tumble 9.7% on Friday. Go to Source