Nikola Motor Company Source: Nikola Motor Company JPMorgan is “skeptical” about Nikola finalizing a deal with General Motors to produce an electric pickup truck called the Badger for the embattled vehicle start-up. Instead, JPM analyst Paul Coster expects the two companies to renegotiate a previously announced $2 billion deal without the Badger, focusing on GM… Continue reading JPMorgan ‘skeptical’ about GM producing Nikola badger pickup
Category: US Motoring Press
Tesla recalls 9,500 Model X and Model Y cars over roof, bolt issues
Elon Musk, chairman and chief executive officer of Tesla Motors David Paul Morris | Bloomberg | Getty Images Tesla is recalling more than 9,500 of its Model X and Model Y electric vehicles over potentially faulty roof trim and bolts that could be inadequately tightened. The company’s stock dipped slightly early Wednesday before trading up… Continue reading Tesla recalls 9,500 Model X and Model Y cars over roof, bolt issues
Nikola shares fall after CEO fails to reassure investors GM won’t pull out of $2 billion deal
Nikola Motor Company Two truck Source: Nikola Motor Company Shares of embattled electric vehicle start-up Nikola Corp. fell by as much as 17.4% during trading Wednesday morning after CEO Mark Russell failed to reassure investors that the company’s $2 billion deal with General Motors would still go through and that ousted founder Trevor Milton wouldn’t… Continue reading Nikola shares fall after CEO fails to reassure investors GM won’t pull out of $2 billion deal
Ford CEO Farley tweets about GM ‘reversing course’ after it quits Trump alliance
Ford CEO Jim Farley praised crosstown rival General Motors early Tuesday for “reversing course” and no longer supporting the Trump administration in legal efforts to end California’s right to set its own clean air standards. “I applaud GM for reversing course on this critical issue. I’m also proud that Bill Ford and @Ford stood tall for environmental progress… Continue reading Ford CEO Farley tweets about GM ‘reversing course’ after it quits Trump alliance
Ford to launch new digital platform to sell used vehicles
Ford Motor Co. is launching a new digital platform for used-vehicle sales, a move aimed at increasing the Dearborn automaker’s market share as new online startups compete for the favor of consumers and investors alike. The platform, branded Ford Blue Advantage, will allow Ford’s 3,100-member dealership network to list and sell their used-vehicle inventory in… Continue reading Ford to launch new digital platform to sell used vehicles
GM unintentionally gave Wall Street a peek at this secret Hummer SUV
General Motors may have unintentionally revealed its highly anticipated 2023 GMC Hummer electric SUV during Barclays Global Automotive Conference. GM’s presentation to Barclays on Thursday afternoon was done virtually from GM’s Design Dome at the company’s Global Technical Center in Warren. CEO Mary Barra and Doug Parks, executive vice president of global product development, purchasing and supply chain, laid out the carmaker’s electric vehicle strategy,… Continue reading GM unintentionally gave Wall Street a peek at this secret Hummer SUV
Jaguar seeks to block US imports of Porsche, Audi SUVs
Land Rover was among the first automakers to forge a path in the highly profitable market for luxury sport utility vehicles, simplifying the technology for affluent but inexperienced off-road drivers. But the foreign-made rivals in the British company’s rearview mirror have grown closer than they might appear. On Thursday, Jaguar Land Rover Automotive Plc asked… Continue reading Jaguar seeks to block US imports of Porsche, Audi SUVs
Nissan said to be in talks with US startup to electrify pickup
Nissan Motor Co. is looking to breathe new life into its wheezing full-size pickup truck by electrifying it with the help of a Detroit-based startup, according to people familiar with the matter. The Japanese automaker is considering buying a battery-electric powertrain from Hercules Electric Vehicles for its Titan pickup and sharing parts for the startup’s… Continue reading Nissan said to be in talks with US startup to electrify pickup
Fiat Chrysler, Peugeot maker PSA Group set shareholder meetings to approve merger
Shareholders for Fiat Chrysler Automobiles and Peugeot maker PSA Group are to meet in January to decide whether to approve the proposed merger between the two companies. The companies announced Wednesday they would hold general meetings for their respective shareholders on Jan. 4 “in order to approve the merger of their companies to allow the creation of… Continue reading Fiat Chrysler, Peugeot maker PSA Group set shareholder meetings to approve merger
UK to ban gasoline car sales by 2030 as part of green plan
London – Britain will ban the sale of new gasoline and diesel cars by 2030, a decade earlier than its previous commitment, the prime minister said Tuesday. Boris Johnson made the pledge as part of plans for a “green industrial revolution” that he claims could create up to 250,000 jobs in energy, transport and technology.… Continue reading UK to ban gasoline car sales by 2030 as part of green plan