Category: Automotive

GRAMMER AG: Thorsten Seehars leaves GRAMMER at the end of May 2022

Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014GRAMMER AG (WKN 589540, ISIN DE0005895403) GRAMMER AG: Thorsten Seehars leaves GRAMMER at the end of May 2022  Ursensollen, May 16, 2022 – The Supervisory Board and the Chief Executive Officer (CEO) of GRAMMER AG, Thorsten Seehars, today mutually agreed to terminate… Continue reading GRAMMER AG: Thorsten Seehars leaves GRAMMER at the end of May 2022

Bird changes course, drops vehicle sales in pursuit of profitability

Bird presented its first quarter 2022 earnings on Monday after the bell. Revenue has decreased consistently since the company went public via a special purpose acquisition merger in November last year. As a result, Bird is looking at streamlining resources so it can achieve profitability this year. Bird’s initiatives involve focusing on its most profitable… Continue reading Bird changes course, drops vehicle sales in pursuit of profitability

Rivian founder RJ Scaringe snaps up $1M worth of EV maker’s stock

Rivian founder and CEO RJ Scaringe bought 41,000 shares of company stock worth about $1 million, a securities filing posted Monday afternoon shows. The latest proxy filing, which pre-dated this purchase, shows Scaringe owns 11.99 million shares of class A stock, or about 1.3%, and 7.82 million class B common stock. He also holds 4.3… Continue reading Rivian founder RJ Scaringe snaps up $1M worth of EV maker’s stock

@GM: 2023 Cadillac LYRIQ Drives Closer to Delivery May 16, 2022

Cadillac’s first fully electric vehicle — offering an EPA-est. 312 miles of range on a full charge1 — starts at $62,9902; special program offers choice of public charging or home charger installation credit Cadillac today announced new details in the brand’s transformation to an electric future and a transformative EV customer experience, including ordering information,… Continue reading @GM: 2023 Cadillac LYRIQ Drives Closer to Delivery May 16, 2022

Rivian says pricing dispute with seat supplier threatens Amazon van program

Rivian filed a complaint against Commercial Vehicle Group, alleging that the supplier violated a contract and nearly doubled prices on a custom seat package bound for the electric vans its producing for Amazon and potentially other commercial customers. WSJ was the first to report on the complaint, which was filed March 9 in the Wayne… Continue reading Rivian says pricing dispute with seat supplier threatens Amazon van program

Following Volvo and Ford, Renault aims to spin off its EV business into a separate company

Last week, French company Renault announced its plan to fully review spinning off its electric car business into a separate company in 2023, in hopes of catching up with rivals Tesla and Volkswagen. Renault said that the new EV spin-off could bring on board 10,000 new employees by 2023, and its business model would be… Continue reading Following Volvo and Ford, Renault aims to spin off its EV business into a separate company