GM to form new joint venture to produce costly raw materials for EVs

Production is now set to begin at the former assembly plant in Detroit-Hamtramck, less than two years after General Motors announced a massive $2.2 billion investment to renovate the entire facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Suger for General Motors DETROIT – General Motors is planning to form … Read more

Auto executives say more than half of U.S. car sales will be EVs by 2030, KPMG survey shows

President Joe Biden speaks during a visit to the General Motors Factory Zero electric vehicle assembly plant, Wednesday, November 17, 2021, in Detroit. Evan Fauci | AP Auto executives believe more than half of their sales will be electric cars by 2030, in line with President Joe Biden’s electric vehicle sales goal, according to a … Read more

Baidu kicks off robotaxi business, after Beijing city’s fare approval

A safety employee enters a self-driving robotic taxi on October 13, 2020, in Beijing, China, a few days after Baidu launched trial operations for its Apollo Robotaxis. Zhao Jing | China Optical Group | Getty Images BEIJING — The Chinese tech giant told CNBC this week that Baidu could start collecting automated taxi fares in … Read more

Biden’s test drive of electric Hummer helped increase reservations

US President Joe Biden points after driving a Hummer EV during a tour of General Motors’ electric vehicle assembly plant in Detroit, Michigan, November 17, 2021. Jonathan Ernst | Reuters DETROIT — President Joe Biden’s visit last week to a General Motors plant that produces the GMC Hummer electric pickup truck caused a marked increase … Read more

What investors can learn from all the Tesla, Rivian buying and selling

Rivian shares have come under pressure, but at a market capitalization of more than $100 billion, greater than GM and Ford, it’d be hard to say the entry-level electric car wasn’t a huge hit. The buying and selling action in electric car shares has been intense lately, from all the fuss about Elon Musk’s sale … Read more

Detroit automakers ask union workers to submit Covid vaccine status

United Auto Workers members leave Fiat Chrysler Automobiles Warren Trucks plant after their first shift, Monday, May 18, 2020, in Warren, Michigan. Paul Sancia | AP DETROIT — Detroit automakers are asking about 153,000 plant employees represented by the United Auto Workers to voluntarily submit their Covid-19 vaccination status. The companies and the union agreed … Read more

Here are RBC’s best ideas for long-term investors

A pedestrian walks past a new logo and the name “META” on the sign in front of Facebook’s headquarters on October 28, 2021 in Menlo Park, California. Justin Sullivan | Getty Images RBC highlighted the many companies that are changing the world that could be “attractive opportunities for impatient investors.” .

This year’s hottest technology IPOs are having a difficult day

An electric Rivian R1T pickup truck during the company’s initial public offering outside the Nasdaq MarketSite in New York, Wednesday, November 10, 2021. Bing Guan | Bloomberg | Getty Images Some of the hottest tech IPOs of the year, including Rivian, Affirm and Roblox, fell into the market on Monday, as the high-tech Nasdaq sank … Read more

GM takes a stake in electric boating start-up Pure Watercraft

General Motors, which billed itself as an “electrician” this year, has taken a 25% stake in Pure Watercraft, a Seattle startup that makes electric outboard motors for boats, the two companies told CNBC. Pure Watercraft engines use lithium-ion batteries and replace 40 to 50 hp outboard motors that burn gas or diesel. Conventional fuel-powered boats … Read more

General Motors, Astra and more

The GM logo appears on a water tank at the General Motors assembly plant in Ramos Arizpe, in the state of Coahuila, Mexico, February 11, 2021. Daniel Bisrel | Reuters Check out which companies are making the headlines in midday trading. Activision Blizzard – Video game inventory remains under surveillance as the company came under … Read more