PLANO, Texas (Nov. 23, 2021) – Toyota is conducting a safety recall involving certain 2021 model year Tundra and 2021-2022 model year Sequoia vehicles in the U.S. Approximately 22,000 vehicles are involved in this recall. The subject vehicles have a power steering system that makes it easier to turn the steering wheel, especially at lower speeds.… Continue reading @Toyota: Toyota is conducting a safety recall involving certain Tundra and Sequoia vehicles
Tag: Financial Results
One-Fourth of All 3Q Car Buyers Considered EVs or Hybrids
Nearly a quarter of all new-vehicle shoppers in the third quarter considered an electrified vehicle, either a full electric vehicle or a hybrid, according to the Q3 2021 Kelley Blue Book Brand Watch report. That is the highest level of interest in electrified vehicles that the report has ever measured. The report, summarized Nov. 18… Continue reading One-Fourth of All 3Q Car Buyers Considered EVs or Hybrids
Rivian will start trading today after an I.P.O. valuing it at nearly $70 billion.
Rivian, a maker of electric trucks and vans, is going public at a stock price that values the company at nearly $70 billion, a remarkable number that highlights the belief on Wall Street that the fast-growing electric vehicle market is still a wide-open field. In a securities filing on Tuesday, Rivian said it was selling… Continue reading Rivian will start trading today after an I.P.O. valuing it at nearly $70 billion.
Ford’s profit declines as automakers deal with supply-chain troubles.
Ford Motor reported $1.8 billion in profit for the three months that ended in September, a decline of $600 million from a year earlier that the company attributed mainly to the global shortage of computer chips. Revenue fell about 5 percent, to $35.7 billion, the automaker said Wednesday. In the same period a year ago,… Continue reading Ford’s profit declines as automakers deal with supply-chain troubles.
General Motors’ Third-Quarter Profit Hit Hard by Chip Shortage
Two big Detroit automakers said Wednesday that the worldwide shortage of computer chips had weighed on their third-quarter earnings, but there were signs that the worst of the disruption was behind them. Of the two, Ford Motor fared better. Its revenue fell about 5 percent from a year earlier, to $35.7 billion, while General Motors’… Continue reading General Motors’ Third-Quarter Profit Hit Hard by Chip Shortage
Cadillac Lyriq is in final steps before production, new video footage of latest prototype
GM has released a rare update on the Cadillac Lyriq, a highly anticipated, upcoming all-electric SUV based on the Ultium platform. The automaker says that the vehicle program is reaching final steps before production, and it released new video footage of the latest Lyriq prototype. The Cadillac Lyric is the first new EV coming from… Continue reading Cadillac Lyriq is in final steps before production, new video footage of latest prototype
@niche: Sono Motors Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares001440
Sono Group N.V. (NASDAQ: SEV) (parent company to “Sono Motors GmbH”, “Sono Motors” or the “Company”) announced today the closing of its initial public offering of an aggregate of 11,500,000 common shares at a price to the public of $15.00 per share, including the full exercise by the underwriters of their option to purchase up… Continue reading @niche: Sono Motors Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares001440
@Nio: NIO Inc. Announces Completion of At-The-Market Offering of American Depositary Shares000319
November 19, 2021 at 5:20 PM EST SHANGHAI, China, Nov. 19, 2021 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has completed its previously announced at-the-market offering (the “At-The-Market Offering”) of American depositary shares (“ADSs”),… Continue reading @Nio: NIO Inc. Announces Completion of At-The-Market Offering of American Depositary Shares000319
Sanjeev Gupta’s GFG Alliance sells two car parts factories in England
Sanjeev Gupta’s GFG Alliance sells two car parts factories in England Plant in Essex will still shut despite Jaguar Land Rover finding buyer for sites owned by Sanjeev Gupta’s firm Evtec, a car parts manufacturer, will buy plants in Coventry and Kidderminster. Photograph: Russell Cheyne/Reuters Evtec, a car parts manufacturer, will buy plants in Coventry… Continue reading Sanjeev Gupta’s GFG Alliance sells two car parts factories in England
@niche: Ree unleashes autonomous Leopard EV for last-mile delivery001433
Ree Automotive has announced the Leopard, a skateboard design electric vehicle (EV) for autonomous last-mile delivery and passenger transport. The Herzliya, Israel-based company will showcase the Leopard at the upcoming Consumer Electronics Show in Las Vegas in January. The company is opening a U.S. headquarters and integration center in Austin, Texas. “This concept showcases just… Continue reading @niche: Ree unleashes autonomous Leopard EV for last-mile delivery001433