Tag: general motors
-
Tesla, EV stocks have potential for ’40-50%’ gains in 2021: Wedbush
Tesla is not the only electric vehicle stock that Dan Ives of Wedbush believes could soar up to 50% this year. With the sector growing at an accelerating rate, Ives believes investors will be given the opportunity to diversify their portfolios with several companies that are showing tremendous upside moving into the end of Q1…
-
Chevrolet just debuted its cheapest 2 EVs yet as part of its massive electric car push – check out the 2022 Bolt EUV and Bolt EV
2022 Chevrolet Bolt EV and Bolt EUV. Chevrolet Chevrolet on Sunday took the wraps off of two of its lowest-priced EVs yet. The new Bolt EUV crossover will start at $33,995, while the Bolt EV hatchback retails for $31,995. Both vehicles promise a range of at least 250 miles. Visit the Business section of Insider…
-
Unlike Tesla, GM confirms it has no plans to invest in bitcoin
In a statement during General Motors’ fourth-quarter earnings call on Wednesday, CEO Mary Barra confirmed that the veteran American automaker has no plans to invest in bitcoin. Barra noted that for today, GM would be tracking client requirement as it weighs its options concerning whether it might take the cryptocurrency as a form of payment…
-
Tesla’s dominance is causing other companies to adopt a ‘fake it ’til we make it’ strategy
Tesla’s dominance in the automotive sector has proven to be one of the industry’s biggest surprises in its long and storied history. Because of the whirlwind of support that Tesla and its initiatives have received, along with the increasingly dominant numbers that the company displays quarterly, Tesla is undoubtedly the biggest influencer in the car…
-
Proterra, which makes big honkin’ battery systems and electric buses, raises $200 million
Proterra, the battery powered system technology programmer for heavy-duty electric cars, said it has raised $200 million in a new form of funding. The new cash comes in Cowen Sustainable Investment Advisors, which led the round, Together with money from Soros Fund Management, Generation Investment Management and Broadscale Group. Cowen took the majority of the…
-
GM talks ‘Crab Mode’ and reveals unveiling date for Hummer EV
General Motors has announced that it will unveil the all-electric Hummer EV truck on October 20th. The legacy automaker will also detail the vehicle’s “Crab Mode,” which it teased last week with a cryptic logo that the company Tweeted. GM confirmed that the Hummer EV would utilize Crab Mode, which will allow the all-electric truck…
-
Big Three automakers reopen plants; GM moves forward with construction of battery factory for electric cars, trucks
From starting up old factory lines to beginning work on a new one, truck makers delivered major news this week in the face of the coronavirus pandemic. FCA, Ford and GM reopened their Detroit factories albeit with plenty of sanitizer, social distancing and mask-wearing protocols in place. And, in following through on its goal to…
-
Tesla’s Secret Source of Cash Has Finally Been Revealed
For years, Tesla Inc. has hauled in earnings by advertising credits to other carmakers which needed to offset earnings of vehicles that are nearby to U.S. consumers. These kinds of trades have mostly been shrouded in secrecy–until today. General Motors Co. and Fiat Chrysler Automobiles NV revealed to the state of Delaware earlier this year…
-
GMC mulling plans for electric pickups, SUVs
2019 GMC Sierra AT4 Following Ford’s announcement that it intends to electrify its entire F-Series lineup with hybrid and corded models, a GMC executive tells CNBC that the truck brand is “taking a close look” at a possible line of electrical pickups and SUVs. ”Certainly, it’so something we’re considering,” GMC vice president Duncan Aldred told…
-
GM is transforming Cadillac into an electric brand
General Motors is turning Cadillac to its lead electric vehicle brand in an attempt to compete against Tesla in addition to a bunch of different automakers bringing EVs on the market. Plans are already underway to introduce the first model from the company’s brand new battery electric vehicle architecture, GM said Friday through an investor…