Walt Disney (DIS) is facing skepticism from Wall Street over its streaming strategy and softer growth at its parks, while Ford Motor (F) is expanding its electric vehicle production. Here’s the latest news on these two Club holdings — and our take, too. Walt Disney The news: Guggenheim on Tuesday lowered is price target on… Continue reading Ford doubles down on EVs, while Wall Street looks to Disney for answers. Here’s our take on these Club stocks
Category: US Motoring Press
Lamborghini CEO says orders for hybrid Revuelto show ‘incredible’ demand from wealthy car-buyers
watch now Lamborghini’s quick sellout of its new $600,000 hybrid supercar is proof that wealthy car buyers are still spending, according to the CEO. Lamborghini already has a waiting list and two years worth of orders for the Revuelto, its first ever plug-in hybrid that was launched last month, CEO Stephan Winkelmann told CNBC. The… Continue reading Lamborghini CEO says orders for hybrid Revuelto show ‘incredible’ demand from wealthy car-buyers
Nearly half of Americans say it’s unlikely they’ll buy an electric vehicle as their next car: Poll
An electric vehicle charges on a street in New York City on Dec. 7, 2021. Andrew Kelly | Reuters Nearly half of Americans in a new poll say it’s unlikely they would purchase an electric vehicle as their next car, citing the lack of charging options and the high costs as the main barriers to… Continue reading Nearly half of Americans say it’s unlikely they’ll buy an electric vehicle as their next car: Poll
Ford to invest $1.3 billion to build EV manufacturing hub in Canada
Ford display at the New York Auto Show, April 6, 2023. Scott Mlyn | CNBC DETROIT – Ford Motor will invest 1.8 billion Canadian dollars (about $1.3 billion) in its Oakville Assembly Plant in Ontario, Canada, to transition the facility into a new electric vehicle hub, the automaker said Tuesday. The plant, which will be… Continue reading Ford to invest $1.3 billion to build EV manufacturing hub in Canada
General Motors will lead a $50 million funding round for lithium extraction startup EnergyX
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet General Motors said Tuesday its venture capital arm will lead a $50 million financing round for EnergyX, a Texas-based startup developing a… Continue reading General Motors will lead a $50 million funding round for lithium extraction startup EnergyX
Ford to invest $1.3B in Oakville, Ontario, plant to build EVs
Ford Motor Co. is investing $1.3 billion (1.8 billion Canadian dollars) to transform its Oakville Assembly Plant in Ontario to assemble multiple electric vehicles and battery packs. The announcement makes due on a commitment reached in the Dearborn automaker’s 2020 labor agreement with Unifor, the Canadian autoworkers’ trade union. That included a $1.44 billion (1.95… Continue reading Ford to invest $1.3B in Oakville, Ontario, plant to build EVs
Michigan lawmakers weighing ban on handheld cellphone use while driving
Lansing — State lawmakers on Tuesday heard from three individuals whose loved ones were killed by distracted driving as the Legislature makes its latest push to ban handheld cellphone use while driving. Advocates pushed for passage of the bill by Memorial Day in time for the summer months, when traffic deaths typically increase. The legislation… Continue reading Michigan lawmakers weighing ban on handheld cellphone use while driving
GM leads $50 million funding round in EnergyX lithium startup
Energy Exploration Technologies Inc. and General Motors Co. on Tuesday said the automaker’s investment arm GM Ventures is leading a $50 million Series B financing round for the lithium startup. The companies also said they entered into a strategic agreement to develop EnergyX’s lithium extraction and refinery technology. The collaboration between GM and EnergyX “is… Continue reading GM leads $50 million funding round in EnergyX lithium startup
Poll: 4 in 10 say next vehicle may be electric
Washington — Many Americans aren’t yet sold on going electric for their next cars, a new poll shows, with high prices and too few charging stations the main deterrents. About 4 in 10 U.S. adults are at least somewhat likely to switch, but the history-making shift from the country’s century-plus love affair with gas-driven vehicles… Continue reading Poll: 4 in 10 say next vehicle may be electric
Tesla to open battery factory in Shanghai as China seeks foreign investment
This content is only available to subscribers. Get unlimited digital access. $1 for the first 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… Continue reading Tesla to open battery factory in Shanghai as China seeks foreign investment