Category: Automotive

Committee For Aerojet Rocketdyne Shareholders and Value Maximization Announces Date for Special Meeting of Stockholders to Elect a New Board

– Resounding Stockholder Support for Special Meeting – Special Meeting to Occur on June 30, 2022 EL SEGUNDO, Calif., May 25, 2022 /PRNewswire/ — Eileen P. Drake (the CEO of Aerojet Rocketdyne (NYSE: AJRD)) and the other members of the Committee For Aerojet Rocketdyne Shareholders and Value Maximization today announced that they delivered a demand for a special meeting of… Continue reading Committee For Aerojet Rocketdyne Shareholders and Value Maximization Announces Date for Special Meeting of Stockholders to Elect a New Board

Tesla Investors Getting Tired of Elon Musk’s “Circus Show”

Investors are getting tired. Twitter’s Shadow SpaceX CEO Elon Musk’s deal to buy Twitter is casting a long shadow on his other much larger responsibility — Tesla. Market experts weighed in this week on how Musk’s seemingly crumbling deal to buy the social media platform is wreaking havoc on the electric car manufacturer’s stock prices.… Continue reading Tesla Investors Getting Tired of Elon Musk’s “Circus Show”

Volkswagen CEO Says It Will Soon Overtake Tesla in Electric Car Sales

They’re pretty far behind right now, but that could change by 2025. Gold Star Look out, Tesla — Volkswagen may soon be the new sheriff in town when it comes to EV sales. During an interview with CNBC at the World Economic Forum in Davos, Switzerland, Volkswagen CEO Herbert Diess said that as soon as… Continue reading Volkswagen CEO Says It Will Soon Overtake Tesla in Electric Car Sales

Bankrupt Investor Arrested for Showing Up at Crypto Founder’s House

“It’s illegal to just go there and try to talk. I didn’t know.” Hands Up When it comes to cryptocurrency, direct action may not always get the goods. At least, that’s the takeaway from the story of a South Korean crypto streamer known pseudonymously as Chancers. Chancers told the BBC that when he showed up… Continue reading Bankrupt Investor Arrested for Showing Up at Crypto Founder’s House

Mercedes Shows Off Electric Car That Can Spin in Place By Controlling Wheels Separately

It did a full 360 on the spot! Spin Around German carmaker Mercedes-Benz has shown off an impressive new feature of its upcoming EQG an all-electric version of its premium G-Wagon off-roader. The move, which the brand is calling “G-Turn,” allows the massive vehicle to literally spin around its own axis. A video of the… Continue reading Mercedes Shows Off Electric Car That Can Spin in Place By Controlling Wheels Separately

Cox Automotive Forecast: May Auto Sales Expected to Fall to Slowest Pace in 2022

New-vehicle sales volume in May is forecast to fall nearly 28% from one year ago, to 1.14 million units. The new-vehicle sales pace is expected to finish near 13.1 million in May, the lowest point in 2022 and down from last month’s 14.3 million pace. Tight inventory and high prices continue to push many would-be… Continue reading Cox Automotive Forecast: May Auto Sales Expected to Fall to Slowest Pace in 2022