Cars

Ford Motor Company Building A $700 Million Electric Truck Facility In Dearborn

By Amit Chowdhry ● Sep 21, 2020

Ford Motor Company (NYSE: F) announced recently that it is planning to create 300 jobs as it builds a $700 million electric truck plant at its Rouge complex in Dearborn, Michigan.

Nikola (NKLA): Trevor Milton Resigning As Executive Chairman And From The Board

By Amit Chowdhry ● Sep 21, 2020

Nikola Corporation (NASDAQ: NKLA) founder Trevor Milton announced he is stepping down as executive chairman and board member of the company.

Uber: $500 Million In Senior Notes Offering Priced

By Amit Chowdhry ● Sep 14, 2020

Today Uber Technologies, Inc. (NYSE: UBER) announced it priced a $500 million principal amount of 6.25% Senior Notes due 2028.

Sirius XM (SIRI) Signs Major Extension Deal With General Motors (GM)

By Amit Chowdhry ● Sep 14, 2020

Sirius XM Holdings Inc (NASDAQ: SIRI) announced it signed an extension of its long-term agreement with General Motors Company (NYSE: GM) that will continue the relationship between the two companies into 2027.

Nikola (NKLA) Provides Comprehensive Response To Hindenburg Research Report

By Amit Chowdhry ● Sep 14, 2020

Nikola Corporation (NASDAQ: NKLA) has issued a comprehensive response to the Hindenburg Research report about its business practices.

GM And Honda Sign Strategic Partnership

By Noah Long ● Sep 4, 2020

General Motors Company (NYSE: GM) and Honda Motor Co. (NYSE: HMC) recently signed a non-binding memorandum of understanding for establishing a North American automotive alliance.

Uber Technologies Partners With NimbleRx For Prescription Deliveries

By Amit Chowdhry ● Aug 23, 2020

Uber Technologies Inc (NYSE: UBER) announced it has partnered with NimbleRx for delivering prescriptions to patients in the Dallas and Seattle area markets.

Baidu (BIDU) Achieves Major Apollo Go Robotaxi Milestone

By Amit Chowdhry ● Aug 21, 2020

Today Baidu Inc (NASDAQ: BIDU) opened the Apollo Go Robotaxi service in Cangzhou, Hebei province -- which extended robotaxi coverage to the downtown area of a city for the first time in China.

Chinese Electric Vehicle Company Xpeng Motors Files For NYSE IPO

By Amit Chowdhry ● Aug 10, 2020

Chinese electric vehicle company Xpeng Motors has filed for an initial public offering on the New York Stock Exchange.

Cadillac LYRIQ Electric Vehicle: The Details You Should Know (GM)

By Amit Chowdhry ● Aug 8, 2020

General Motors Company (NYSE: GM) recently unveiled Cadillac LYRIQ all-electric SUV. Here's the details you should know about it.

Ford Motor Company (F): Jim Farley To Succeed Jim Hackett As CEO In October

By Amit Chowdhry ● Aug 4, 2020

Today Ford Motor Company (NYSE: F) announced CEO Jim Hackett has decided to retire in October. Hackett will be succeeded by COO Jim Farley.

Lordstown Motors To Go Public Through Merger With DiamondPeak Holdings (DPHC)

By Amit Chowdhry ● Aug 3, 2020

Lordstown Motors Corp and DiamondPeak Holdings Corp.(NASDAQ: DPHC) have announced they have entered into a definitive agreement for a business combination to take Lordstown public.

General Motors and EVgo Partnering To Triple Fast Charging Network

By Amit Chowdhry ● Aug 2, 2020

General Motors Company (NYSE: GM) and EVgo announced a partnership with a goal of tripling the size of the nation’s largest public fast-charging network.

Tesla’s Next Gigafactory: Details About The Future Facility

By Amit Chowdhry ● Jul 26, 2020

Tesla Motors CEO Elon Musk revealed on an earnings call that the company will be building its new Gigafactory near Austin, Texas. These are the details.

Electric Vehicle Company Fisker Raises $50 Million

By Dan Anderson ● Jul 13, 2020

Fisker — the designer and manufacturer of eco-friendly electric vehicles and advanced mobility solutions — announced that it has completed a $50 million Series C round.

Rivian Raises Massive $2.5 Billion Funding Round

By Amit Chowdhry ● Jul 11, 2020

Electric vehicle company Rivian announced it has closed $2.5 billion in funding led by funds and accounts advised by T. Rowe Price Associates.

AISIN Group Invests In StradVision Through Corporate VC Fund Managed By Pegasus Tech Ventures

By Dan Anderson ● Jul 8, 2020

StradVision — an innovator in vision processing technology for Autonomous Vehicles and advance driver assistance — announced a strategic investment from Pegasus Tech Ventures.

Confirmed: Uber Technologies (UBER) To Buy Postmates For $2.65 Billion

By Amit Chowdhry ● Jul 5, 2020

The board of directors at Uber Technologies Inc (NYSE: UBER) has reportedly approved a $2.65 billion acquisition of food delivery company Postmates in an all-stock deal.

Why Amazon.com (AMZN) Is Buying Zoox

By Amit Chowdhry ● Jun 29, 2020

Amazon.com, Inc. (NASDAQ: AMZN) announced it is buying self-driving car company Zoox. These are the details about the deal.

Nikola (NKLA) Breaking Ground On Arizona Plant In July

By Amit Chowdhry ● Jun 22, 2020

Arizona-based hybrid truck company Nikola Corporation (NASDAQ: NKLA) is planning to break ground on its Coolidge, Arizona factory on July 23.

Stanford Spinout QuantumScape Raises $200 Million From Volkswagen

By Noah Long ● Jun 19, 2020

Automaker Volkswagen announced earlier this week that it invested $200 million in Stanford University spinout QuantumScape.

Tesla Inc (TSLA) Signs New Panasonic Deal For Battery Supplies

By Amit Chowdhry ● Jun 17, 2020

Tesla Inc (NASDAQ: TSLA) announced it signed a new three-year deal with Panasonic for the battery supply from the Gigafactory Nevada facility.

Mary Barra: Cruise Origin Ride-Hailing Services To Happen Quicker Than Most People Think (GM)

By Annie Baker ● Jun 17, 2020

General Motors Company (NYSE: GM) CEO Mary Barra said that the coronavirus pandemic has not slowed down the company’s plans in launching its autonomous and electric vehicles.

Net Element Inc (NETE) Enters Into LOI To Merge With Mullen Technologies

By Amit Chowdhry ● Jun 15, 2020

Net Element Inc (NASDAQ: NETE) announced today that it has entered into a binding Letter of Intent (LOI) to merge with privately-held Mullen Technologies.

Greg Tarr Named Chief Strategy Officer At Karma Automotive

By Annie Baker ● Jun 8, 2020

Greg Tarr has been named chief strategy officer at Karma Automotive. These are the details.

CVS Is Testing A Pilot Program For Self-Driving Vehicles For Delivering Prescriptions

By Noah Long ● Jun 4, 2020

CVS Health Corp (NYSE: CVS) is launching a program that would enable customers to receive their prescriptions from self-driving vehicles.

Volkswagen Closes $2.6 Billion Investment In Argo AI

By Amit Chowdhry ● Jun 3, 2020

Argo AI, a self-driving company that spun out of Ford Motor Company, announced that it closed a $2.6 billion deal with Volkswagen AG.

Elon Musk Net Worth: Now $41 Billion As Tesla Stock Surges

By Amit Chowdhry ● May 31, 2020

Tesla and SpaceX CEO Elon Musk is now ranked as the 22nd richest person at $41 billion, according to the Bloomberg Billionaires Index.

Didi Chuxing Raises Over $500 Million For Autonomous Driving Operations Led By SoftBank

By Annie Baker ● May 30, 2020

China-based ride-sharing Didi Chuxing company has raised over $500 million in funding for its autonomous driving operations led by SoftBank’s Vision Fund 2.

Tesla (TSLA) Drops Prices Across Vehicle Lineup

By Amit Chowdhry ● May 28, 2020

Tesla Inc (NASDAQ: TSLA) has reduced the prices of its vehicles. There were drops in prices by thousands of dollars on a number of its models.