GM CEO committed to China and electric vehicles
General Motors CEO Mary Barra said the company will move forward with its operations in China despite significant losses there in the first quarter of 2024. Barra recently visited China and pledged that GM remains committed to the market that has been the company’s mainstay since 1997. The $106 million first-quarter loss in China was […]
Electric humanoid robot poised to shake up the job market
Boston Dynamics announced a breakthrough in the evolving field of robotics. Backed by visionary research and decades of practical experience, this new electric robot represents a major breakthrough. Atlas, a fully electric robot. (Boston Dynamics) Boston Dynamics unveils electric Atlas The Massachusetts-based robotics company is bidding farewell to the hydraulic Atlas and announcing its all-electric […]
Electric vehicle tax credit update: See if you qualify – Yahoo Finance
TheStreet’s Conway Gittens brings you the latest business headlines from the floor. new york stock exchange As the market closes for trading on Friday, May 3rd. Related articles: Today’s stock market: Apple steps up technology.Stock prices soar due to weak employment statistics Full video transcript below: Conway Gittens: Investors are looking forward to another big […]
Biden’s ‘Insane’ Electric Vehicle Rule Would ‘Kill Michigan’s Economy’
Former President Donald Trump spoke in Freeland, Michigan on Wednesday night, claiming that President Joe Biden’s electric vehicle (EV) regulations, if elected, would “destroy” Michigan’s economy and benefit China. , vowed to abolish it. President Trump said he would “stop Joe Biden’s radical plan to destroy Michigan’s economy by repealing insane mandates on electric vehicles.” […]
Ford Loses $1.3 Billion on Electric Vehicles in First Quarter of 2024
Ford Motor Co. reported a massive loss of $132,000 per electric vehicle (EV) sold in the first three months of 2024, bringing its losses to $1.3 billion. The automaker’s electric vehicle division said Thursday that sales have fallen 20% and weak consumer demand has forced it to cut prices. CNN report. Related video — Granholm: […]
Elon Musk visits China as competitors show off new electric vehicles at Beijing auto show
Tesla founder and CEO Elon Musk met with top government officials in the Chinese capital on Sunday, just as the Chinese automaker unveiled its latest electric vehicle model at the Beijing Auto Show. I was in the middle of it. Chinese state broadcaster CCTV reported on its main evening news program that Chinese Premier Li […]
Hertz Shares Crash with Another Electric Vehicle Wreck
Shares of car rental giant Hertz plunged more than 20% on Thursday after the company reported huge losses related to investments in electric vehicles (EVs). Hertz has been struggling for months, focusing all its efforts on EVs. Hertz executives announced Thursday that the company’s first-quarter loss of $1.28 per share was many times larger than […]
‘It Almost Killed Me’: Meek Mill Blasts New Electric Car He Purchased, Posts Images Of Major Front-End Damage
Meek Mill posted a video April 19 of an electric car that was smashed into the wall, and he had lots of complaints about it. “Look at this shit right here,” Meek Mill said in the video. He showed his 11.3 million followers on Twitter the serious front-end damage sustained to the vehicle. The video […]
Canada launches new offensive in electric vehicle manufacturing subsidy war
Canada is spending more to help automakers build out electric vehicle supply chains in the country as part of its yearslong effort to attract new auto investments and compete with the U.S. EV subsidies enacted under President Joe Biden. The tax credit, included in the government’s new 2024 budget proposal, offers manufacturers a 10% subsidy […]
Tesla Owners Wait Hours to Charge Electric Vehicles After Eclipse
Tesla owners reportedly waited hours to charge their cars after Monday’s total solar eclipse. Long lines at charging stations are like salt in the wound for EV owners who have to wait for their cars to charge until they arrive home, causing long delays on busy days. This is a major concern as there is […]