Category: Automotive

Luminar says it has begun production of its automotive lidar units ahead of schedule

Luminar showcased the first passenger vehicle, a Toyota RAV4, fully integrated with the company’s Iris lidar, which is on-track for series production with its partners starting in late 2022. Luminar Automotive sensor company Luminar said it has begun production of its Iris lidar units for an automaker client, a major milestone that it had previously… Continue reading Luminar says it has begun production of its automotive lidar units ahead of schedule

Wells Fargo, Ford and Apple are in the news. Here’s our take on the Club stocks

Club holdings Wells Fargo (WFC), Ford (F) and Apple (AAPL) are in the news Wednesday, with potential implications for our investment outlook. Here are the noteworthy headlines of the day, along with the Club take. Wells Fargo The news: Wells Fargo could initiate another round of layoffs at its home mortgage division amid a collapse… Continue reading Wells Fargo, Ford and Apple are in the news. Here’s our take on the Club stocks

Ford’s October sales slide 10% amid supply chain issues

Ford F-150 pickup trucks at a dealership in Colma, California, on Friday, July 22, 2022. David Paul Morris | Bloomberg | Getty Images DETROIT – Ford Motor’s U.S. sales last month declined by 10% as the automaker battled through supply chain issues that delayed shipments to dealers. The Detroit automaker on Wednesday reported sales of… Continue reading Ford’s October sales slide 10% amid supply chain issues

Ferrari raises its 2022 guidance again on red-hot demand for sports cars

Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Wednesday again raised its guidance for the full year after shipments, revenue and earnings per share all rose by double-digit percentages during the third quarter. Still,… Continue reading Ferrari raises its 2022 guidance again on red-hot demand for sports cars

Buy an EV now or later? The tax credit rules are about to change

This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Buy an EV now or later? The tax credit rules are about to change

GM to collaborate on battery separator technology, build plant

General Motors Co. and battery manufacturer Microvast said Wednesday they will jointly develop specializedelectric-vehicle battery separator technology and build a new separator plant in the U.S. The work will be supported by a $200 million grant from the U.S. Department of Energy’s Battery Materials Processing and Battery Manufacturing initiative, the automaker said. Separators are battery… Continue reading GM to collaborate on battery separator technology, build plant

Car loan rates head for 14-year high in new barrier for buyers

This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Car loan rates head for 14-year high in new barrier for buyers