Posts filtered by tags: General-motors[x]


 

Countries worldwide are passing laws to kill the gas-powered car — here's who's going all-electric, and when

The Volkswagen ID concept family. From left to right: The ID Buzz, ID, and ID Crozz. Volkswagen In the US alone, tailpipe emissions account for almost 20% of all emissions. Countries such as Britain, Canada, France, Iceland, and Sweden have all proposed some sort of emission-free vehicle legislation for the coming years. Already, automakers such as Volkswagen, Geely, and Mercedes-Benz are offering electrified options for buyers. Visit Business Insider's homepage for more stories. The contr...
Tags: Transportation, UK, Sweden, Climate Change, California, Massachusetts, US, Trends, General Motors, Tesla, Joe Biden, United States, Missouri, Ford, Mary Barra, Union of Concerned Scientists


Astongate: Aston Martin exec behind ‘PR firm’ peddling bogus anti-EV study

Strap yourselves in folks, because we’ve got a wild one for you. It’s perhaps the wildest story since General Motors decided it would be a good idea to acquire hydrogen truck startup Nikola — the deal has since fallen through, though — so this is bigger. Reports are surfacing that British sports car maker and James Bond’s ride of choice, Aston Martin, were behind a study that tried to cast doubt on the green credentials of electric vehicles. The study, which was presented as “groundbreaking,” ha...
Tags: Startups, General Motors, James Bond, Aston Martin, Shift, Auke Hoekstra


Tesla CEO Elon Musk says he'd be open to merger talks with a rival. 'We'd certainly have that conversation.'

Elon Musk. Aly Song/Reuters Tesla CEO Elon Musk said Tuesday that he would be open to discussing a merger with a rival automaker. "We'd certainly have that conversation," he told Mathias Döpfner, CEO of Business Insider parent company Axel Springer. But Tesla wouldn't launch a "hostile takeover," he said. Tesla faced hostility from its rivals when he started out, Musk said. "They used a lot of adjectives ... I don't think that any of them were positive." Visit Business Insider's homepage f...
Tags: Transportation, Electric Vehicle, Elon Musk, Trends, General Motors, Tesla, Electric Vehicles, Toyota, Merger, Axel Springer, Musk, Mathias, Nissan Tesla, Mathias Döpfner, Axel Springer Business Insider, Döpfner


NZ police will reduce 84 elephants’ worth of CO2 each year with its new fleet vehicles

After General Motors pulled its Holden brand from Australasia, public services that use its vehicles have had to find new fleets, including the New Zealand police service. The country, which is one of the more climate aware, says it has chosen its new fleet based on environmental factors. According to a recent announcement, the New Zealand police service will switch out its old Holdens for gasoline-powered Skoda Superb station wagons. The service will use two variants — a two-wheel drive version...
Tags: Startups, General Motors, New Zealand, Nz, Australasia, Shift, Holden, Skoda Superb


Ford Calls On Automakers To Support California Fuel Economy Deal

An anonymous reader quotes a report from Reuters: Ford is urging major automakers to consider backing a framework deal with California on vehicle emissions in a bid to reach industry consensus before President-elect Joe Biden takes office, according to a letter seen by Reuters on Monday. Major automakers are set to discuss next steps at a virtual meeting of their auto trade association Tuesday, which comes a week after General Motors abruptly announced it would no longer back the Trump administr...
Tags: California, Tech, General Motors, Joe Biden, Ford, Biden, Trump, Reuters, Kumar Galhotra, Ford Americas, Galhotra, Biden Administration, California Fuel Economy Deal


Scale AI hits $3.5B valuation as it turns the AI boom into a venture bonanza

Scale AI, the four-year-old data labeling startup, has discovered that selling the picks and shovels needed to develop and apply artificial intelligence is big business. The company, which created a visual data labeling platform that uses software and people to label image, text, voice and video data for companies building machine learning algorithms, has raised another $155 million. The funding round, led by Tiger Global, pushes Scale’s post-money valuation to more than $3.5 billion.  Import...
Tags: Startups, Transportation, Tech, General Motors, Automotive, Venture Capital, Nvidia, Toyota, Wang, Nuro, Alexandr Wang, Scale AI, TechCrunch Scale


Scale AI hits $3.5B valuation as its turns the AI boom into a venture bonanza

Scale AI, the four-year-old data labeling startup, has discovered that selling the picks and shovels needed to develop and apply artificial intelligence is big business. The company, which created a visual data labeling platform that uses software and people to label image, text, voice and video data for companies building machine learning algorithms, has raised another $155 million. The funding round, led by Tiger Global, pushes Scale’s post-money valuation to more than $3.5 billion.  Import...
Tags: Startups, Transportation, Tech, General Motors, Automotive, Venture Capital, Nvidia, Toyota, Wang, Nuro, Alexandr Wang, Scale AI, TechCrunch Scale


The short-seller that unraveled Nikola's GM deal says another electric-vehicle startup engaged in fraud

Kandi America Hindenburg Research is back with more allegations of fraud.  The short-seller has accused Kandi motors of fake sales and deceptive accounting practices.  In September, a Hindenburg report unraveled electric-truck startup Nikola's $2 billion deal with General Motors, with the two companies eventually agreeing to a scaled-down deal instead. Visit Business Insider's homepage for more stories. Hindenburg Research is looking for a victory lap.After single-handedly unraveling Niko...
Tags: Transportation, News, China, US, Trends, General Motors, Electric Vehicles, Gm, SEC, Epa, Nikola, Kandi, Hindenburg, Tech Insider, Graham Rapier, LTM


Gas War: Ford Urges Other Automakers to Join the Californian Coalition

The Ford Motor Company is asking automakers to join it in supporting Californian vehicle emissions targets aimed at supplanting the rollback that was supposed to become the national standard. General Motors has already abandoned its support of the Trump rollbacks, which offered concessions to appease environmental groups but ultimately targeted more lax fueling regulation while […] The post Gas War: Ford Urges Other Automakers to Join the Californian Coalition appeared first on The Truth About C...
Tags: California, Government, General Motors, Joe Biden, Green, Regulation, Ford, Autos, Donald Trump, Emissions, Industry News, Trump, Ford Motor Company, Carb, Ford Motor Co, Transportation Department


Nikola falls 18% as insider lockup period expires, allowing founder Trevor Milton to sell 91 million shares

Massimo Pinca/Reuters Nikola fell 18% on Tuesday, the same day a lockup period for insiders expired.The expiration of the lockup period enables Nikola insiders to sell their Nikola stock, including founder Trevor Milton, who owns 91.6 million shares.Altogether, insiders are now able to sell upwards of 166 million shares of Nikola following today's expiration date.The expiration date comes one day after Nikola and General Motors entered into a revised version of a long-awaited deal.Visit th...
Tags: Trends, General Motors, Hsbc, SEC, Milton, Nikola, Matthew Fox, Trevor Milton, Hindenburg Research, Massimo Pinca Reuters Nikola


The rise and fall of the Nikola Badger, the all-electric Cybertruck rival that never was

The Nikola Badger pickup truck, which is now dead. Nikola Nikola Motor Company's Badger all-electric pickup truck was one of the most highly anticipated products from the startup, and on the EV market as a whole. The company also got the attention of General Motors, which partnered with it in a $2 billion deal to build the Badger. But 2020 saw fraud allegations and a high-profile resignation, which led GM to rethink its willingness to partner with Nikola. The Badger will no longer be produ...
Tags: Transportation, America, Trends, General Motors, Tesla, Bloomberg, Ford, Mary Barra, Gm, Michigan, Honda, EVs, Electric Cars, Pickup Trucks, Anheuser Busch, Milton


10 things you need to know before the opening bell

Scott Olson/Getty Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.For the biggest stories in politics, sign up here for 10 Things in Politics You Need to Know Today - launching soon!Here's what you need to know before markets open.1. Global equities kick off December with a rally. See what markets are doing today.2. Chinese automaker Kandi plunges after scathing short-seller report. Hindenburg Research accused the company of faking s...
Tags: Finance, China, US, Trends, General Motors, Markets, Federal Reserve, Fed, Rbc, Jpmorgan, BNY Mellon, Scott Olson Getty, The Labor Department, Nikola, Jerome Powell, Kandi


Dow posts best monthly gain since 1987 on continued vaccine optimism

Xinhua/Wang Ying/ Getty Images US stocks declined on Monday. But the Dow Jones industrial average's 11.8% rise in November represented its best monthly gain since January 1987.Investor optimism about a COVID-19 vaccine continued on Monday after Moderna said it would file for emergency use authorization from the Food and Drug Administration for its vaccine.In November, Pfizer, Moderna, and AstraZeneca reported vaccine efficacy data well above the 50% threshold set by the FDA.Watch major ind...
Tags: Finance, Global, US, Trends, General Motors, Markets, Gm, Food And Drug Administration, Trading, Astrazeneca, Airbnb, Fda, Nasdaq, Goldman, Dow Jones, Dow


Nikola Stock Plunges As Company Cancels Badger Pickup Truck

An anonymous reader quotes a report from Ars Technica: Things keep going downhill for aspiring hydrogen truck-maker Nikola. Nikola's stock plunged on Monday morning as the company announced that a previously announced deal with General Motors was not going to close. Instead, the two companies signed a "non-binding memorandum of understanding" related to the use of GM's hydrogen fuel cell technology in Nikola's future semi trucks. GM will not take a stake in Nikola as originally planned. Nikola's...
Tags: Tech, General Motors, Ars Technica, Gm, Nikola, GM GM, Nikola Nikola, Nikola Stock Plunges As Company


GM rethinks planned stake in electric vehicle maker Nikola

General Motors will not be taking a stake in the electric vehicle company Nikola, and the company said Monday that it was scuttling one of its marquee vehicles, an electric and hydrogen-powered pickup, after GM pulled technological... [Author: [email protected]]
Tags: Business, General Motors, Gm, Nikola


Nikola's 25% dive is a good buying opportunity because the company's decision to abandon the Badger pickup means it can focus more on semi trucks, JPMorgan says

Nikola has run into trouble before when it comes to claims about its semi truck prototypes. Nikola The 25% sell-off in Nikola on Monday represents a good buying opportunity for investors as the company is no longer distracted by its Badger pickup truck, JPMorgan said.Nikola and General Motors entered into a revised deal on Monday that included the two companies shifting its focus away from the Badger truck and instead towards the Class 7 and Class 8 semi-trucks."We think this is a positive ...
Tags: Finance, Trends, General Motors, Investing, Markets, Electric Vehicles, Stocks, Goldman Sachs, Stock Market, EVs, ESG, Rbc, Jpmorgan, Nikola, Matthew Fox, NKLA


Nikola's Badger has been canceled, but other electric pickups with outlandish features are coming — here's what to expect from Tesla, Rivian, GMC, and others

Tesla Cybertruck. Tesla Electric pickup trucks are set to flood the car market over the next couple of years, with many promising cool and useful features.  Tesla claims its Cybertruck will be bulletproof, Rivian has showed off an innovative "gear tunnel" cargo area in its R1T, and the GMC Hummer EV will have a removable, transparent roof.  Buyers of the Bollinger B2 will be able to remove doors and windows, and carry cargo that's up to 16 feet long.  Visit Business Insider's homepage for ...
Tags: Transportation, Elon Musk, Trends, General Motors, Tesla, Features, Ford, Pickup Trucks, Musk, Reuters, Ford General Motors, Badger, Bollinger, Nikola, Tech Insider, Rivian


GM walks away from stake in Nikola, days after electric vehicle maker accused of ‘intricate fraud’

General Motors will not take an initial stake in the electric vehicle company Nikola, which announced Monday that it would scuttle one of its marquee vehicles, an electric and hydrogen-powered pickup that was to be called the Badger.
Tags: General Motors, Gm, Nikola


GM No Longer Building Nikola Electric Pickup, Nixes Equity Stake

On Monday, General Motors and Nikola Corp announced a revamped agreement that eliminates an equity stake in the startup for the Detroit automaker and nixed any plan for manufacturing Nikola’s electric pickup truck. This makes the keystone of the revised contract their collaborative work on fuel-cell development, represents a major setback in their partnership, and […] The post GM No Longer Building Nikola Electric Pickup, Nixes Equity Stake appeared first on The Truth About Cars.
Tags: General Motors, Industry, Electric Vehicles, Gm, Autos, Detroit, EVs, Industry News, Badger, Nikola, News Blog, FCEVs, Nikola Corp, Nikola Electric Pickup Nixes Equity Stake


Nikola plunges after GM drops $2 billion stake in electric truck maker

Shares of Nikola plunged nearly 25 percent after General Motors scrapped plans to buy a stake in the electric truck manufacturer and...
Tags: General Motors, Gm, Nikola


Nikola shares fall after GM scraps Badger deal and drops equity stake

General Motors is giving up its equity stake in Nikola Motors and scrapping plans to build the electric truck maker's Badger pickup as part of a new, scaled-back deal between the companies.
Tags: General Motors, Cnn, Gm, Nikola, Nikola Motors


Nikola shares plummet on news of smaller deal with GM

General Motors is giving up its equity stake in Nikola Motors and scrapping plans to build the electric truck maker's Badger pickup as part of a new, scaled-back deal between the companies.
Tags: General Motors, Cnn, Gm, Nikola, Nikola Motors


G.M. Scales Down Nikola Deal

A new agreement, supplying hydrogen fuel cell technology from General Motors, is less sweeping than the strategic partnership outlined...
Tags: General Motors, Nikola Deal


Nikola's stock tumbles after new supply deal with General Motors doesn't include equity stake

Shares of Nikola Corp. undefined sank 15.2% in premarket trading Monday, after the battery- and hydrogen-electric vehicle maker said it...
Tags: General Motors, Nikola, Nikola Corp


Nikola shares slide after GM gives up equity stake in smaller reworked, deal that abandons plans to build electric pickup

General Motors and Nikola announced a reworked, smaller agreement that keeps the fuel-cell partnership intact but eliminates an equity...
Tags: General Motors, Gm, Nikola


GM will still supply Nikola's fuel cells, but won't take any stake in the embattled startup or build its electric pickup

The canceled Nikola Badger Nikola Nikola and General Motors on Monday announced a long-awaited deal, but on scaled-down terms.  GM won't take a stake in the embattled startup, but will sell its hydrogen fuel cells to Nikola to use in its trucks.  Nikola's planned consumer truck, the Badger, has been canceled.  Shares of Nikola plunged as much as 21% following the announcement.  Visit Business Insider's homepage for more stories. General Motors and Nikola on Monday announced an update to th...
Tags: Transportation, News, Trends, General Motors, Gm, Forbes, Badger, Nikola, Trevor Milton, Graham Rapier, NKLA, Hindenburg Research, Nikola Badger Nikola Nikola


Nikola shares drop as GM pulls plug on investment deal

GM is backing away from an agreement to take a stake in electric automaker Nikola Corp, marking the collapse of a deal that has been problematic since it was announced just two months ago. Shares of Nikola plummeted more than 20% in pre-market trading Monday morning. GM has instead signed a non-binding memorandum of understanding to supply Nikola with its Hydrotec fuel cell system. This supplier agreement replaces its previous transaction announcement made on Sept. 8, 2020 to take a 11% stake in...
Tags: Fundings & Exits, Startups, General Motors, Automotive, Gm, Michigan, Pontiac, U S Securities and Exchange Commission, Nikola, Doug Parks GM, Nikola Corp, Hindenburg Research, Stephen Girsky, Shares of Nikola, Hydrotec, Trveor Milton


Nikola slips 25% after striking long-awaited deal with General Motors that doesn't include crucial equity stake

Nikola Nikola Corp. slipped 25% on Monday after it announced a long awaited deal with General Motors.The pair signed a memorandum of understanding that General Motors will provide Nikola with its Hydrotec fuel-cell system for use in Nikola's commercial semi-trucks.The deal does not include General Motors taking an equity stake in Nikola or an OEM partnership to build Nikola's Badger pickup truck.Visit Business Insider's homepage for more stories.Nikola Corp. briefly surged, and then dipped...
Tags: Trends, General Motors, Morgan Stanley, Goldman, ESG, MOU, Milton, Mark Russell, Nikola, Hindenburg, Matthew Fox, Trevor Milton, Nikola Corp, General Motors Ultium, Hydrotec, Jessica Alsford


UK carmakers plead for clarity as they stockpile parts and cars for Brexit

WTO tariffs could add 10% to car prices if deal is not agreed before 2021Carmakers are bracing for the final Brexit deadline by moving cars and parts both ways across the Channel to make sure they are not hit by tariffs if the UK and EU fail to agree a trade deal.Trade between the UK and EU will be governed by new rules from 1 January, but the imported cars will become 10% more expensive overnight if tariffs are imposed under the World Trade Organization regime. Continue reading...
Tags: Business, Politics, UK, General Motors, Eu, European Union, UK News, World Trade Organization, WTO, Automotive Industry, Manufacturing sector, Honda, Nissan, Renault, Brexit, Vauxhall


Top California Air, Climate Regulator Hopes To Head Up EPA Under Biden

SACRAMENTO, Calif. (AP) — Over four decades, Mary Nichols has been the regulator behind some of the nation’s most ambitious climate policies and, in recent years, she’s been their staunchest defender against President Donald Trump’s effort to dismantle them. With Joe Biden heading to the White House, Nichols hopes she is not done yet. Nichols, 75, ends her second tenure as chair of the California Air Resources Board next month, a job that’s made her the top air and climate regulator for the nati...
Tags: News, Obama, California, Washington, Senate, California News, Fresno, America, Los Angeles, Barack Obama, General Motors, Joe Biden, Earth, Epa, Arnold Schwarzenegger, Jerry Brown