GM and EVgo celebrate 1,000th fast charging station milestone
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EVgo (EVGO) soars on positive earnings report
August 3, 2023 2:31 PM EDTShares of EVgo (NASDAQ: EVGO) traded up more than 27% Thursday after the electric vehicle charging company reported their 2Q earnings results late Wednesday.
The Los Angeles-based charging company posted $50.6 million in revenue for the second quarter, handily beating consensus estimates of $29.46... More
General Motors (GM) GM’s cruise reaches robotaxi industry’s first labor union agreement
August 3, 2023 12:06 PM EDTOn Thursday, Cruise, the robotaxi division of General Motors (NYSE: GM), announced that it had reached a historic milestone by becoming the first company in the driverless car industry to establish labor union agreements.
According to the companys announcement, General Motors... More
GM issues new Takata recall covering over 900 vehicles
August 1, 2023 3:40 PM EDTBy David Shepardson
WASHINGTON (Reuters) - General Motors Co said Tuesday it will recall just over 900 older vehicles worldwide with Takata air bag inflators that could rupture after an incident in Brazil.
The recall covers some 2013 Chevrolet Camaro, Sonic, Volt, and TRAX (Canada-only), and Buick Verano vehicles, including 767 in the U.S., 101 in Canada and 46 in other countries.
The largest U.S. automaker said its Brazil unit in March received an allegation that a 2013... More
Lithium Americas (LAC) Shareholders Approve Plan to Separate into Two Leading Lithium Companies
August 1, 2023 5:22 AM EDTLithium Americas Corp. (NYSE: LAC) is pleased to announce that shareholders have voted in favor of the separation of the Company into Lithium Americas (Argentina) Corp. and a new Lithium Americas Corp. pursuant to a statutory plan of arrangement at the Companys annual general and special meeting of shareholders held today. The Separation was approved by 98.85% of the votes cast by shareholders present or represented by proxy at the Meeting, as well as 98.78% of the votes cast excluding those of such shareholders who are required to be excluded pursuant to Multilateral Instrument... More
BMW Sees FY Automotive EBIT Margin 9% To 10.5%, Saw 8% To 10% - Bloomberg
August 1, 2023 5:14 AM EDTBMW Sees FY Automotive EBIT Margin 9% To 10.5%, Saw 8% To 10% - Bloomberg
... MoreDon't discount Tesla and Rivian in the EV truck race - Barclays
July 31, 2023 5:44 AM EDTBarclays analyst Dan Levy on the U.S. EV truck market: "With the long-awaited Cybertruck start of deliveries expected at some point before year-end, we find it timely to review what exactly should be made of TSLAs polarizing entry into the most lucrative segment in the U.S. auto... More
General Motors (GM) PT Raised to $75 at BofA Securities
July 31, 2023 5:37 AM EDTBofA Securities analyst John Murphy raised the price target on General Motors (NYSE: GM) to $75.00 (from $72.00) while maintaining a Buy rating.... More
