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General Motors has sliced Cruise’s budget by $1B, but says it may bring on new Cruise investors when it starts rolling robo-taxis back on the streets
A fter an accident last fall that led General Motors-owned Cruise to pull its robo-taxis off the streets, GM is weighing whether it will bring more outside capital into its autonomous robo-taxi ... Read More
Profit machine: Ford Pro commercial vehicle and tech business sets the automaker apart
Understanding the value of Ford Pro, the automaker’s commercial vehicle unit, became clearer after the automaker last year began breaking out profits for its three divisions — Ford Blue, Ford Pro and ... Read More
Amazon-backed Rivian pauses construction of its $5B electric truck plant
State and local governments offered an incentive package as large as $1.5 billion, one of the largest ever offered for an American auto plant. But as the Amazon-backed company unveiled the new SUV and ... Read More
The EV Start-Up Graveyard And The Walking Dead
Many EV start-ups once valued at billions of dollars are now bankrupt or on the verge of bankruptcy. Click here to read why these companies failed. Read More
Automakers get more time to ramp up EVs under final EPA emissions rules
The rules, though, remain the "strongest-ever pollution standards for cars," according to the Environmental Protection Agency. Read More
American Battery Factory lines up equipment partner for Tucson 'gigafactory'
The company, a spinoff of Utah-based battery pack maker Lion Energy, plans to invest $1.2 billion in capital investment ... where range isn’t as big of an issue, and U.S. carmakers including Tesla and ... Read More
Thank Toyota's Lobbying For The New, Looser EPA Emissions Rules
Meanwhile, Hyundai plans a $51 billion new investment into EVs, and we look at Nissan's plans for them as well. Read More
D-Wave Reports Fourth Quarter and Year-End 2023 Results
PALO ALTO, Calif. & BURNABY, British Columbia, March 28, 2024--D-Wave Quantum Inc., (NYSE: QBTS) ("D-Wave" or the "Company") a leader in commercial quantum computing systems, software, and services, ... Read More
The Real Reason Why Google Is Lagging: The Bing Reality
Google's stock performance has lagged behind its mega-cap tech peers despite strong financial results. See why I reiterate my strong buy rating on GOOGL. Read More
Shale CEOs Bemoan US Political ‘Uncertainty,’ Dallas Fed Says
US oil prices are more than high enough to make drilling new wells profitable but some shale bosses say they’re hesitant because of political and regulatory “uncertainty” that won’t be settled until ... Read More
OpenSea’s partnership with Coachella is a sign that NFTs can be more than profile pictures
Coachella partnered with Avalanche because they’re “aligned on the product” the festival wants to build but is withholding additional details until later this month, Coachella’s ... 1, 2022, NFT ... Read More
Rail company CSX says to expect coal shipment delays
Rail company CSX Corp on Tuesday said its existing coal customers should expect "potential shipment delays" after the collapse of a bridge that was struck by a massive cargo ship early Tuesday morning ... Read More
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