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Lordstown Motors says it still has $220 million in cash as it grapples with production issues and an EV pivot

Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Lordstown Motors said Monday that it still had more than $220 million in cash at the end of 2022, despite ongoing challenges that halted production of its Endurance electric pickup after just six were… Continue reading Lordstown Motors says it still has $220 million in cash as it grapples with production issues and an EV pivot

Volkswagen targets 200,000 Scout EV 4x4s at new US factory

The electric resurrection of the International Harvester Scout will be built in South Carolina, the US, in volumes that could hit as high as 200,000 per year. Production at Scout Motors’ first manufacturing plant is projected to start at the end of the 2026. Its Rivian-rivalling electric 4×4, arriving with SUV and pick-up variants, will “hark back” to the IH Scout… Continue reading Volkswagen targets 200,000 Scout EV 4x4s at new US factory

Here’s How CarParts.com (PRTS) is Placed Ahead of Q4 Earnings

CarParts.com, Inc. PRTS is slated to release fourth-quarter 2022 results on Mar 7 after market close. The Zacks Consensus Estimate for the to-be-reported quarter’s loss per share and revenues is pegged at 13 cents a share and $152.4 million, respectively. For the fourth quarter, the consensus estimate for PRTS’s loss per share has remained stable in the past… Continue reading Here’s How CarParts.com (PRTS) is Placed Ahead of Q4 Earnings

Here’s How CarParts.com (PRTS) is Placed Ahead of Q4 Earnings

@niche: 7 Stocks To Dump Before the EV Bubble Loses More Air002564

The market’s increasing unwillingness to speculate is a warning for investors to look for EV stocks to sell. The persistently high inflation will force central banks to keep interest rates at current levels of nearly 5.0%. Risk-averse investors are better off holding cash than speculating on sectors that make no money. On the business side… Continue reading @niche: 7 Stocks To Dump Before the EV Bubble Loses More Air002564

In Images | Pininfarina Battista – Top 5 Rivals – The Financial Express

In Images | Pininfarina Battista – Top 5 Rivals The Financial Express Go to Source

Valmet Automotive’s Annual Review 2022: Position as an industry leader for electromobility further strengthened

For Valmet Automotive, the year 2022 was eventful both due to the continuing extraordinary external circumstances and internal developments. Component shortages affected all business lines and led to unplanned production suspensions. Despite the challenges in the current business environment, the Group continued to strengthen its position as an industry leader for electromobility and sustainability. Gross… Continue reading Valmet Automotive’s Annual Review 2022: Position as an industry leader for electromobility further strengthened

@Daimler: Exclusive special model 30 years ago: the Mercedes-Benz 500 GE V8

Premiere for the eight-cylinder engine in the G-Class Prototype of all later high-performance G-Classes Only 446 vehicles of the 500 GE V8 are built, in 1993 and 1994 30 years ago, Mercedes-Benz equips the G model for the first time with an eight-cylinder engine. With this, the extremely robust and reliable off-road vehicle, which was… Continue reading @Daimler: Exclusive special model 30 years ago: the Mercedes-Benz 500 GE V8