Tag Archives: vehicle

The hottest car in America isn’t a car, it’s a truck. In its latest sales report, Ford revealed it sold over 8,000 Ford (F) Broncos in January. But try getting your hands on the all-new, full-size Ford Bronco SUV at retail prices — it’s basically impossible. People are paying huge dealer markups to get their hands on the Bronco, or flipping them on eBay if they’re able to get a good deal for one. Ford CEO Jim Farley even addressed the situation, warning he would crack down on those… Source link

Ask Ford CEO and resident car super fan Jim Farley who he sees as his biggest competitors in the electric vehicle race, the answer isn’t fierce hometown rival General Motors.  In fact, Farley won’t say specifically the Model T creator has worthy competitors in EVs. Rather, Farley acknowledges “admiring” two EV players in particular.  “Well, the companies that I think about that I admire because of their commitment — and frankly, the hard work they did to earn their reputation — are… Source link

Ford CEO Jim Farley is keen on seeing President Joe Biden’s stalled Build Back Better bill passed in an effort to boost electric vehicle adoption in the United States. “It’s mission critical for the EV industry,” Farley said on Yahoo Finance Live.  As it stands now, the Build Back Better (BBB) bill would offer credits of up to $12,500 for consumers if they purchase an electric vehicle. The bill would also aid in the development of more public charging stations.  Both aspects of the bill are… Source link

The Biden administration is pushing hard to promote electric vehicles (EVs). From a $7.5 billion provision in the ‘Build Back Better’ bill to expand and increase charging station networks to political pressure on automakers to commit to increased production with the goal of converting 40% of car sales to EVs by the end of this decade, it’s clear that under Biden, the government has the will to enforce a major shift in the automotive industry. For investors, this type of political… Source link

It was a big day for Polestar in New York City today at the company’s investor day, where it unveiled a number of new initiatives. First and foremost, the company unveiled its 3-year business plan, in which the pure-play electric-vehicle (EV) maker is going to have 5 current and future models out in the global market by 2024. The exclusive Polestar 1 plug-in hybrid and Polestar 2 EV are already out, but Polestar also confirmed the Precept concept will now be called the Polestar 5, a… Source link

It seems among the investor community, all everyone talks about are the EV (electric vehicle) stocks – and only the big ones at that – Tesla (TSLA), Rivian (RIVN), and Lucid (LCID). One EV company that’s been flying under the radar, that is until it had big news at this year’s Los Angeles Auto show is Fisker Inc (FSR). Fisker, founded and run by legendary automotive designer Henrik Fisker, unveiled the production version of its Ocean EV SUV.  Overall it’s a competitive package, penned by… Source link

. Dayo Johnson Akure Two persons have been crushed to death by a suspected ‘Yahoo boy’ at Ademulegun road in Ondo town, Ondo state. Four other persons were injured in the auto crash. The Toyota vehicle driven by the suspects last weekend was set ablaze by youths in the town after he fled the scene. It was gathered that the crash reportedly occurred at about 6:30 pm and it involved a Toyota Muscle car driven by a suspected Yahoo boy and a Tricycle. The suspect was driving along with… Source link

Third-quarter earnings season is underway, and one of the most closely watched stocks just presented its scorecard: Tesla Inc.  (NASDAQ:TSLA). Tesla reported record-breaking results, beating expectations on EPS and revenue. Though the company’s stock dropped briefly following the report, Tesla has been on a tear ever since, even crossing the $900 mark in early trading Friday morning.  Those certainly are impressive top-and bottom-line growth numbers if the EV company is able to meet them,… Source link

Toronto-based personal light electric vehicle (LEV) producer Daymak plans to launch a cryptocurrency-mining car that will allow owners to make money when parked, plugged in, or wireless charging. The car, known as the Spiritus, is a three-wheeled all-electric vehicle able to seat two adults aimed at being a daily commuter “designed with the track in mind,” according to Daymak’s website. The base model Spiritus Deluxe has a top speed of over 85 mph, a 0-to-60 time of 6.9 seconds, and a… Source link

For investing pioneer Alec Gores — who has made his name in recent years via very successful SPAC transactions with Hostess and Luminar — cutting a large check to help bring upstart electric vehicle maker Polestar public just makes good sense.  It simply checks all the boxes, Gores says. “We literally see so many deals. The first thing is we vet things out quickly. Then we have a lot of conversations around things we find. The art is to start with a great company with the potential to be… Source link