Despite a pandemic that shuttered auto factories for nearly two months and sent car sales tumbling, General Motors made more than $6 billion last year, one of its highest profit totals ever. The automaker is going to need every penny and more for years to come to meet its lofty ambition of an all-electric model… Continue reading G.M.’s Profits From Trucks and S.U.V.s Fuel Its Electric Quest
Tag: Strategy
Mex Rent A Car Renews Partnership With TSD
TSD Mobility Solutions and Mex Rent a Car (MRAC) has signed a three-year agreement to extend and expand their partnership with TSD, a fleet mobility solutions provider serving dealerships, auto manufacturers, public auto groups, and rental companies worldwide. Mex Rent a Car’s chief business development officer, Javier García González. Photo via Mex Rent A Car. The… Continue reading Mex Rent A Car Renews Partnership With TSD
5 threats that could kill the electric-vehicle stock boom that has sent Tesla and Nio soaring, experts say
EV stocks had a great year in 2020, but investor attitudes can change quickly. Insider asked two experts to name the biggest threats to EV stocks in 2021. Their answers included botched vehicle rollouts, a shift toward value stocks, and less day-trading. Visit the Business section of Insider for more stories. Though electric vehicles still… Continue reading 5 threats that could kill the electric-vehicle stock boom that has sent Tesla and Nio soaring, experts say
Being Black in tech: breaking through barriers with three industry leaders
HERE360 speaks with three Black tech leaders about being #BlackInTech and the industry’s challenge to increase diversity. Every technology company talks about its dedication to diversity and inclusion but the percentage of people of color working in the field remains low. According to ABC News, only between 1% and 3.5% of executives at Alphabet, Apple,… Continue reading Being Black in tech: breaking through barriers with three industry leaders
BorgWarner Launches 800-volt Electric Motor for the Commercial Vehicle Segment
AUBURN HILLS, Mich., Feb. 10, 2021 /PRNewswire/ — BorgWarner’s latest High Voltage Hairpin (HVH) electric motor, the HVH 320, is ready to power a variety of hybrid and electric applications for commercial vehicle manufacturers, including a large European OEM. Production of the HVH 320, which is equipped with 800-volt capabilities and available in four variants, is… Continue reading BorgWarner Launches 800-volt Electric Motor for the Commercial Vehicle Segment
Indo-Pacific tech sector ‘ripe for investment’ and cyber defence cooperation: Research
The Indo-Pacific region’s tech sector is “ripe for investment”, according to Trisha Ray, an associate fellow with the Observer Research Foundation’s Technology and Media Initiative. “Rare earths, which go into all our devices, computers, electric vehicles, and so on, alternatives to untrusted 5G vendors, even basic infrastructure investment in fibreisation of networks, all of these… Continue reading Indo-Pacific tech sector ‘ripe for investment’ and cyber defence cooperation: Research
GM Plans to Sell Only Zero-Emission Models by 2035 – Crain’s Chicago Business
(Bloomberg) — General Motors Co. is promising to go green by making all of its global operations and vehicles carbon neutral by 2040, including selling only zero-emission models by 2035. The pledge is a bold embrace by the automaker of emission-reduction goals set by California. The state is one of the largest markets for vehicles in… Continue reading GM Plans to Sell Only Zero-Emission Models by 2035 – Crain’s Chicago Business
GM’s electric delivery foray, plus other mobility trends headlining CES | Greenbiz – GreenBiz
For the first time in its 54-year history, the world’s largest tech show — the Consumer Electronics Show (CES) — kicked off this week as an all-virtual event, cramming a week of keynotes, press conferences and over 1,000 exhibitor booths onto the screens of our laptops and from the comfort of our homes. As a… Continue reading GM’s electric delivery foray, plus other mobility trends headlining CES | Greenbiz – GreenBiz
Lyft: Lyft Announces Fourth Quarter and Fiscal Year Results
Fourth quarter revenue of $570 million grew 14% quarter-over-quarterExceeded annualized fixed cost reduction target in Q4Positioned for strong organic growth and margin expansion as the recovery takes hold SAN FRANCISCO, Feb. 09, 2021 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its fourth quarter and fiscal year ended December 31, 2020. “Despite… Continue reading Lyft: Lyft Announces Fourth Quarter and Fiscal Year Results
Detroit Diesel plant to get $20M boost to make electric truck parts
A Detroit-area factory known for making diesel engines is slated to get a $20 million investment to produce components for medium- and heavy-duty electric trucks. The investment means the 3-million-square-foot Detroit Diesel plant, which is in both Redford Township and Detroit, will be the North American source of Detroit ePowertrain components, according to the announcement Monday by Daimler… Continue reading Detroit Diesel plant to get $20M boost to make electric truck parts