General Business

Rivian IPO proves Common Motors is undervalued, says GM CEO

GM Chair and CEO Mary Barra speaks to investors at the GM Tech Center in Warren, Michigan on October 6, 2021. Photo by Steve Fecht for General Motors The massive reviews from startups for electric vehicles like Rivian that made his public debut on Wednesday on the Nasdaq at a higher share price and market […]

General Business

Common Motors unveils new high-end GMC Sierra Denali and AT4X pickups

DETROIT – General Motors launches two new high-end GMC Sierra 1500 pickups, including one called Denali Ultimate, which will start at more than $ 80,000 – making it the most expensive half-ton full-size pickup on the market. The new models aim to build on Sierra’s already high profit margins and average transaction prices, which stand […]

General Business

Lordstown Motors to promote Ohio plant to Foxconn for $230 million

Lordstown Motors has reached a fundamental agreement to sell its giant Ohio assembly plant to iPhone maker Foxconn for $ 230 million, the companies said late Thursday. Under the agreement, the Taiwan-based electronics contract manufacturer will assemble Lordstown Motors’ first product, an all-electric pickup truck called Endurance, which the company plans to manufacture and sell […]

Money

Lordstown Motors new administration says it could search cash from GM

In a reversal, Lordstown Motors’ new management said the company was not that bad after all, with enough confirmed pre-orders for its electric pickup to start production this fall with enough money to go through early next year. The sunnier outlook comes days after the company stated in a government filing that it did not […]

General Business

Electrical automobile agency Lucid Motors to go public in $11.eight billion blank-check merger

The Lucid Air sedan, which is slated to go into production at a facility in Arizona next year. Clear Electric vehicle company Lucid Motors plans to go public with a combined stock valuation of $ 11.75 billion and a pro forma stock value of $ 24 billion through a reverse merger with a blank check […]

Style

Will Alpha Motors promote the retro-cute EV type different automakers have shunned within the US?

The flood of EV startups enables car designers to do very exciting work. While mainstream automakers produce endless crossovers with the same predictable truck-inspired design, Alpha Motors’ idea for a “crossover” is more like a vintage rally car than a modern electric vehicle. Launched earlier this month, the Alpha Motors Jax is the latest in […]