ENGLAND: Two autonomous, delivery robots pass on the pavement as they make home deliveries of … [+] groceries. Created by two of the co-founders of Skype in 2014, Starship has developed the self...
Tag: gm
U.S. Firms In Shanghai Cutting Revenue Forecasts, Investment Plans After Lockdowns — Survey
A police patrol vehicle monitors the crowd along Shanghai’s iconic Bund on June 1. Lockdown … [+] restrictions have eased in much of the city this month but residents face stringent travel...
The Canary In The Coal Mine In The Race To Net Zero
Carbon trading, a practice established in the 1990s, is now at a turning point; one where blockchain technologies has the power to make a lasting impact. Already, crypto-backed trading of carbon credi...
If Google’s Dominance Concerns You, the Only Solution Is Continued Google Dominance
It’s a presidential tradition that serious, tier one candidates for the office speak at the Detroit Economics Club. Young people must wonder why since Detroit is almost never the city mentioned as the...
Tesla Stock Has Fallen Below $700. Why $540 Might Be Next.
Text size Tesla stock hit $1,200 early in the year and almost $1,150 in April. Then it started dropping. Mario Tama/Getty Images Tesla stock has been badly battered in recent weeks. It’s breaking key ...
Why Consumers Will Buy Ford’s F-150 Lightning, According to Analysts
Text size The stakes are high for Ford’s new F-150 Lightning. Courtesy Ford The Ford F-150 Lightning electric pickup truck is one of the most significant vehicle launches in U.S. history. Americ...
Warren Buffett’s Berkshire Hathaway reveals new stakes in Paramount, Citigroup
OMAHA, Neb. — Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. But Buffett had already shared the bigge...
Soros fund doubles down on Rivian bet, buys stakes in Lucid, Nio
Billionaire George Soros’s investment fund has doubled down on its bet on Rivian Automotive Inc. and taken new positions on EV makers Nio Inc. and Lucid Motors Inc., according to a filing late Friday....
GM and Ford Get Double Downgrades to Sell. Wells Fargo Sours on EVs.
Text size Ford F-150 Lightning electric truck Courtesy of Ford The auto industry is all-in on electric vehicles. Wells Fargo isn’t so sure that’s a great idea. Wednesday evening, analyst Colin Langan ...
Buy GM Shares, But Not Ford or Tesla. Here’s What One Analyst Says.
Text size GM looks to be the preferred U.S. auto maker pick among Wall Street analysts, with about 85% of analysts covering the stock rating it a Buy. Justin Sullivan/Getty Images Investors are bearis...
China’s U.S. Ambassador Talks Pew Poll, Trade, Air Travel: Exclusive Interview
Qin Gang, Chinese Ambassador to the U.S. since July 2021. Forbes The Pew Research Organization unveiled a poll last Thursday saying 82% of Americans have an unfavorable view of China, a record high an...
General Motors Was a Bumpy Ride but Could Start to ‘Cruise’
General Motors (GM) reported a solid quarter on Wednesday, affirming guidance for cash flow and earnings of $6.50 to $7.50 per share. Analysts mostly viewed the quarter bullishly, with Bank of Americ...
Ford Posts $3.1 Billion First-Quarter Loss, Maintains 2022 Outlook
Ford Motor Co. F 0.95% swung to a net loss of $3.1 billion in the first quarter, a reversal largely driven by a steep loss in valuation of its stake in electric-vehicle startup Rivian Automotive Inc. ...
More Scrutiny Needed Of U.S. Officials’ Business Ties To China, Says Princeton Professor
Aaron Friedberg, author of “Getting China Wrong,” says “the architects of engagement got China wrong because they underestimated the skill and tenacity” of its leaders. Aaron Friedbe...
Building A Bridge While Crossing It: How The BrightDrop – GM
The BrightDrop Zevo 600 EV delivery van. Image courtesy BrightDrop Say you saw the opportunity for a new class of vehicles and decided that you would a) design the vehicle itself; b) design and build ...
Rivian CEO Warns of Looming Electric-Vehicle Battery Shortage
NORMAL, Ill.—Rivian Automotive Inc. Chief Executive RJ Scaringe is warning that the auto industry could soon face a looming shortage of battery supplies for electric vehicles—a challenge that he says ...
Opinion: Elon Musk’s bid for Twitter spells trouble for Tesla investors — here’s why
For years, Elon Musk has used hype to prop up Tesla’s stock. It’s worked so well that other companies have followed his lead. But now we think the world has seen that the emperor has no clothes. The a...
Toyota launches all-electric bZ4X SUV, starting at $42,000
Toyota Motor Corp. TM, -1.76% announced Tuesday the launch of its all-electric bZ4X SUV, starting at $42,000. The bZ4X line will have two grades, XLE and Limited, and will be offered in both front whe...
GM vs. Ford Stock: Both Are Down, but One Has Near-Term Upside
Text size Ford vehicles are displayed on the sales lot at Serramonte Ford in Colma, California. Justin Sullivan/Getty Images Price targets for Ford Motor and General Motors have been coming down latel...