Month: August 2023

Canadian union Unifor officially opens contract talks with the Detroit 3 automakers in Toronto on Aug. 10. The latest round of contract negotiations comes as Ford, General Motors and Stellantis commit billions of dollars to new battery production plants and electric vehicle retooling projects at vehicle assembly sites throughout North America, including plants across the
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In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Nikola Tre BEV Courtesy: Nikola Electric truck maker Nikola won shareholder approval to issue new stock, the company said late on Thursday. The vote paves the way for Nikola to raise additional funds to support the launch of its fuel-cell-powered electric Tre semitruck and the buildout
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The deals are back in America’s new-car showrooms. Automaker spending on new-vehicle incentives rose sharply in July compared with the year-earlier month, driven by electric vehicle offers, luxury car lease deals and growing inventory across the industry, according to estimates by Motor Intelligence and J.D. Power. Incentives averaged $2,151 per vehicle last month compared with
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Electric truck maker Nikola said Michael Lohscheller will step down as CEO less than a year after taking over the job and would be replaced by former General Motors vice chairman Stephen Girsky. Girsky, who is currently Nikola’s chairman, will be the company’s fourth CEO in as many years. His appointment comes as Nikola tries
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The UAW is seeking a four-year, eight-month contract with the Detroit 3 that would expire on May 1, 2028 — International Workers’ Day — according to people familiar with the union’s thinking. The symbolic date, also known as May Day, celebrates the achievement of the international labor movement and would shift contract negotiations to the
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In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Nikola TRE FCEV2 Courtesy: Nikola Electric truck maker Nikola said on Friday that its CEO, Michael Lohscheller, will step down effective immediately due to a “family health matter.” Nikola’s current board chair, former General Motors vice chairman Steve Girsky, will take over as CEO. Lohscheller
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California-based Fisker Inc. (FSR) released its second-quarter earnings Friday. Despite improving profitability, Fisker lowered its annual production guidance again due to supplier constraints. Fisker cuts 2023 EV production guidance Fisker delivered its first Ocean electric SUV in May as the EV startup began ramping up production. After producing 55 Ocean SUVs in the first three
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Rolls-Royce has a small number of its super luxury cars aboard the ship that went up in flames off the Dutch coast a week ago. The BMW Group subsidiary is informing affected customers personally, a spokesperson told Bloomberg Wednesday in an email. While both BMW and Mercedes-Benz have confirmed they have several hundred cars on
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Associated Press Aug 3, 2023, 06:57 PM ET NASHVILLE, Tenn. — IndyCar loves racing through the streets of Music City so much that the series is making Nashville the final race of the season and the stage for its annual awards starting in 2024. Mark Miles, president and CEO of Penske Entertainment Corp., announced Thursday
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