Category: News Type

Tesla (TSLA) China output increases to record 83,000 vehicles in a month

Tesla’s (TSLA) output in China increased to 83,000 electric vehicles in September – their new best month ever. Last week, Tesla reported deliveries of 343,000 vehicles and production of around 365,000 vehicles. Now China Passenger Car Association (CPCA) has released its results for September and confirmed that Tesla China contributed 83,135 China-made electric vehicles to… Continue reading Tesla (TSLA) China output increases to record 83,000 vehicles in a month

Here’s why UBS’s downgrade of Ford is misguided — and late

Ford Motor (F) shares plummeted Monday after UBS downgraded the Club holding — a call that strikes us as both belated and short-sighted given the stock’s considerable slide since January. With a dividend yield north of 5%, the Club is sitting tight. In a research note to clients, the bank warned that automakers like Ford… Continue reading Here’s why UBS’s downgrade of Ford is misguided — and late

GM and Ford shares fall after UBS downgrades on expectations for weakening demand

The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — Shares of General Motors and Ford Motor each tumbled Monday after a pair of UBS downgrades citing expectations for weakening demand amid inflationary pressures. Ford’s stock was down by more than 8% during intraday… Continue reading GM and Ford shares fall after UBS downgrades on expectations for weakening demand

Rivian shares slumped after the company announced a big recall

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive fell sharply on Monday after the electric vehicle maker said late Friday that it is recalling more than 12,000 vehicles – nearly every EV it has made to date… Continue reading Rivian shares slumped after the company announced a big recall

Beyond Words: Large Language Models Expand AI’s Horizon

Back in 2018, BERT got people talking about how machine learning models were learning to read and speak. Today, large language models, or LLMs, are growing up fast, showing dexterity in all sorts of applications. They’re, for one, speeding drug discovery, thanks to research from the Rostlab at Technical University of Munich, as well as… Continue reading Beyond Words: Large Language Models Expand AI’s Horizon

State suspends license of Carvana dealership in Novi over alleged code violations

The Michigan Department of State has suspended the license of a Novi dealership for online used-car retailer Carvana “for imminent harm to the public,” according to a news release from the agency. The dealership in question — which in 2020 debuted with one of Carvana’s signature car “vending machines” — is at 26890 Adell Center Drive and has… Continue reading State suspends license of Carvana dealership in Novi over alleged code violations