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General Motors Co

GM’s Ultium agrees to increase EV battery worker pay by 25% on average

by Adesola Mojo
GM’s Ultium agrees to increase EV battery worker pay by 25% on average

General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors …

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Categories Automobile

Where Uber’s climate and autonomous driving goals meet in the future

by Adesola Mojo
Where Uber’s climate and autonomous driving goals meet in the future

Back when Uber Technologies was going public in 2019, CEO Dara Khosrowshahi gave a low-key warning: The profit gusher would not really begin until the company developed self-driving vehicles, a …

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Categories Automobile

Ferrari CEO Benedetto Vigna says a third of new buyers are under 40

by Adesola Mojo
Ferrari CEO Benedetto Vigna says a third of new buyers are under 40

Despite a waiting list of three years for some of its cars, Ferrari’s CEO said the company has no plans to supercharge production to meet demand. “We are a brand …

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Categories Automobile

Stellantis has discussed moving some truck assembly to Mexico, UAW says

by Adrian Jhonsan
Stellantis has discussed moving some truck assembly to Mexico, UAW says

UAW Vice President Rich Boyer addresses union members during a “Solidarity Sunday” rally on Aug. 20, 2023 in Warren, Mich. Michael Wayland / CNBC WARREN, Mich. – Automaker Stellantis has …

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Categories World

Cruise will reduce robotaxi fleet by 50% in San Francisco

by Ev Richard
Cruise will reduce robotaxi fleet by 50% in San Francisco

In an aerial view, Chevrolet Cruise autonomous vehicles sit parked in a staging area on June 08, 2023 in San Francisco, California. Autonomous vehicle companies Cruise and Waymo have been …

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Categories Technology

How gas station economics will change in the EV charging future

by Milton Acorn
How gas station economics will change in the EV charging future

As electric vehicles proliferate, some gas stations are making expensive overhauls to add EV charging stations.  In most cases, they aren’t scrapping traditional liquid fuel pumps. But select locations, including …

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Categories Science

Cruise self-driving car in San Francisco fire truck crash, one injured

by Ev Richard
Cruise self-driving car in San Francisco fire truck crash, one injured

A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco. Heather Somerville | Reuters A Cruise self-driving car was involved …

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Categories Technology

Stocks making the biggest moves midday: TGT, CAVA, TJX, INTC

by Adrian Jhonsan
Stocks making the biggest moves midday: TGT, CAVA, TJX, INTC

Check out the companies making headlines in midday trading. Target — Target shares added 4% even after the retailer cut its full-year earnings forecast and second-quarter sales fell short of …

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Categories World

Jim Cramer worries about a UAW union strike at Ford. Here’s how we’re playing the stock

by Adesola Mojo
Jim Cramer worries about a UAW union strike at Ford. Here’s how we’re playing the stock

Jim Cramer is cautious about Ford (F) due to the heightened risk of a United Auto Workers strike, which has been a recent overhang on the Club stock. But, Jim …

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Categories Automobile

EV maker VinFast is now worth more than the likes of Ford and GM

by Ev Richard
EV maker VinFast is now worth more than the likes of Ford and GM

BANGKOK, THAILAND – 2023/05/18: VinFast displays its vehicles at Future Energy Asia Exhibition 2023 at Queen Sirikit National Convention Center. Nathalie Jamois | Lightrocket | Getty Images VinFast’s shares jumped …

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Categories Technology
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