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[ad_1] Electric car maker Lucid Motors, seen as a potential competitor to Tesla, said on Thursday. delivered only a few hundred vehicles in the first three months of the year, but on track to sell at least 12,000 by the end of 2022. Led by a former Tesla engineer, the company has been considered one …
Continue reading “Lucid Motors is sticking to its production target despite a slow quarter.”
[ad_1] General Motors generated $2.4 billion in net income in the three months ended September; this is a huge drop from the lack of computer chips that has disrupted automobile production worldwide. GM reported Wednesday that revenue fell 25 percent in the third quarter to $26.8 billion. During the comparable period in 2020, the automaker …
Continue reading “General Motors’ Third Quarter Profit Hardly Affected by Chip Shortage”
[ad_1] Second from the Sister To the editor: I really enjoyed trying Claire Luchette”Surplus of Nuns” (September 19) and a good word for my favorite novel about the profession (or about the profession): Muriel Spark’s “The Abbess of Crewe”. Published in 1974, this is a devastatingly clever tale of a scandal between an English nunnery, …
Continue reading “English Nuns, General Motors, and Other Letters to the Editor”
[ad_1] Three of the largest auto and truck dealers in the United States reported sales totals on Friday, reflecting the intense strain a global semiconductor shortage puts on auto production. General Motors and Honda reported significant declines in sales in the three months ending September as a shortage of sawdust forced factories to empty, leaving …
Continue reading “Chip Shortage Drops in General Motors, Honda and Toyota Sales”
[ad_1] General Motors said on Friday that new vehicle sales fell 33 percent in the third quarter from a year earlier due to semiconductor shortages and declining stocks at dealer lots. The automaker sold 446,997 vehicles in the July-September quarter; this is a sharp drop from a year ago when it sold 665,192 light trucks …
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[ad_1] Lordstown Engines, a troubled electric truck manufacturerApple said on Thursday it has reached an agreement in principle with Foxconn, a contract manufacturer known for assembling its iPhone, to develop its electric vehicles and may eventually sell its Ohio plant to the Taiwanese company. Lordstown said the sale of the factory could be worth $230 …
Continue reading “Lordstown Motors to Work with Contract Manufacturer Foxconn”
[ad_1] Lucid Motors, a start-up automaker, has ousted the dominant electric car manufacturer Tesla, as the manufacturer of the electric vehicle that can go the farthest on a single charge. Lucid’s premium Air Dream Edition Series can drive 520 miles on a fully charged batteryIt beat the Tesla Model S Long Range by more than …
Continue reading “Lucid Motors Beats Tesla by Range, Goes 520 Miles on Charge, EPA”
[ad_1] Lucid Motors, a start-up automaker, has ousted the dominant electric car manufacturer Tesla, as the manufacturer of the electric vehicle that can go the farthest on a single charge. Lucid’s premium Air Dream Edition Series can go 520 miles on a fully charged battery, surpassing the Tesla Model S Long Range, previously the farthest …
Continue reading “Lucid Motors beat Tesla in range, going 520 miles on a charge,”
[ad_1] General Motors said on Thursday it will leave six North American plants idle for two weeks and two others for one week each this month as the global computer chip shortage continues to stifle automakers. Four US factories will be affected — Fort Wayne, Ind.; Wentzville, Mo.; Spring Hill, Tenn.; and Lansing Mich. — …
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[ad_1] Cash-tied electric pickup truck startup Lordstown Motors said on Wednesday it will only begin “limited production” by the end of September and expects that to be the case for the rest of this year. company, a release second quarter financestated that it still needs cash to meet its final production targets. Lordstown said it …
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[ad_1] General Motors headquarters in Detroit. The automaker said it earned $2.8 billion in the second quarter, raising its full-year forecast.Credit…Rebecca Cook/Reuters General Motors said Wednesday that it earned $2.8 billion in the second quarter and increased its full-year profit forecast, suggesting that the largest US automaker is doing much better than expected. GM and …
Continue reading “General Motors reported a jump in profits as demand for vehicles increased.”
[ad_1] Lordstown Motors, a demanding electric pickup truck company, said Monday it has reached an agreement with an investment firm to raise $400 million over three years. Investment firm Yorkville Advisors has agreed to buy a stake in Lordstown for up to $400 million; this would provide much-needed cash to a company he says could …
Continue reading “Lordstown Motors Raises Up to $400 Million”