Rivian shares closed up 10.7%. By Ben Klayman DETROIT: Rivian Automotive is “making progress” in the increase of production of electric vehicles at its Normal, Illinois, assembly plant and is aiming to take 10% share in the EV market by 2030, Chief Executive R.J. Scaringe said on Thursday. “We’re absolutely making progress,” he said during… Continue reading Rivian ‘making progress’ on production ramp-up, sets market share goal
Category: News Type
@Honda: Production, Sales and Export Results in January, 2022
Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the month of January 2022. World Production Janurary 2022 YOY Japan 51,084 102.7% Outside of Japan 307,618 101.9% Total 358,702 102.0% Production in Main Regions North America 99,172 88.7% USA 64,841 89.1%… Continue reading @Honda: Production, Sales and Export Results in January, 2022
SEC opens investigation into Elon Musk over possible insider trading
Elon Musk isn’t about to catch a hoped-for break from the SEC any time soon. Sources for The Wall Street Journal claim the SEC is investigating whether Musk and his brother Kimbal violated insider trading regulations with recent share sales. Officials are concerned Elon might have told Kimbal he planned to ask Twitter followers about… Continue reading SEC opens investigation into Elon Musk over possible insider trading
Allison Transmission Announces an 11 Percent Increase to the Quarterly Dividend, a $1 Billion Increase to the Stock Repurchase Authorization and the Annual Stockholders Meeting and Record Date
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, announced today that its Board of Directors has approved an increase in the Company’s quarterly dividend from $0.19 to… Continue reading Allison Transmission Announces an 11 Percent Increase to the Quarterly Dividend, a $1 Billion Increase to the Stock Repurchase Authorization and the Annual Stockholders Meeting and Record Date
High-profile GM exec to retire to focus on ending distracted driving
The head of General Motors international operations is retiring to focus on his mission to end distracted driving. GM said Thursday that Steve Kiefer, 58, will retire effective April 1. Shilpan Amin, 47, will replace Kiefer as senior vice president and president of GM International. Amin is currently GM vice president of Global Purchasing and Supply Chain. GM… Continue reading High-profile GM exec to retire to focus on ending distracted driving
Automated driving: acquisition gives boost to Bosch engineering work on SAE Level 4 solutions
Mobility Solutions is the largest Bosch Group business sector. According to preliminary figures, it generated sales of 45.4 billion euros in 2021, and thus contributed 58 percent of total sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is… Continue reading Automated driving: acquisition gives boost to Bosch engineering work on SAE Level 4 solutions
@GM: Wuling’s Two-Pronged Brand Strategy and New Models Introduced
Wuling’s Two-Pronged Brand Strategy and New Models Introduced 2022-02-23 SHANGHAI – On February 22, SAIC-GM-Wuling announced Wuling’s two-pronged brand strategy for 2022: China Wuling, Two Wings Flying Together. The popular vehicle brand’s two wings represent users and technology. Wuling is enhancing the user experience online via the Ling Club and offline via the Ling House. At… Continue reading @GM: Wuling’s Two-Pronged Brand Strategy and New Models Introduced
@GM: General Motors Announces Shilpan Amin to Lead GM International
General Motors Announces Shilpan Amin to Lead GM International Steve Kiefer to retire after almost 40 years in the auto industry to focus on global road safety and the Kiefer Foundation’s efforts to end distracted driving 2022-02-24 DETROIT – General Motors (NYSE: GM) today announced the appointment of Shilpan Amin as GM senior vice president… Continue reading @GM: General Motors Announces Shilpan Amin to Lead GM International
Nikola reports EV truck progress, stiff losses as it closes out turbulent 2021
Nikola Corp., the electric truck startup that went public via a SPAC, is coming closer to commercial activity after a history of over-promising, missed deadlines and investigations into its founder for lying to investors. In its fourth-quarter earnings report released Thursday, Nikola ticked off a number of recent milestones and, critically, its plans to begin… Continue reading Nikola reports EV truck progress, stiff losses as it closes out turbulent 2021
EVgo announces Toyota bZ4X customers will receive one year of free EV fast charging
US public charging network, EVgo, has announced a commercial agreement with Toyota Motor North America to provide upcoming bZ4X customers with one year of free charging on its network. Toyota is EVgo’s latest automotive partner as it looks to continue to expand its public charging network and expedite EV adoption for US consumers. Toyota sits… Continue reading EVgo announces Toyota bZ4X customers will receive one year of free EV fast charging