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Nikola Acquires Romeo Power in $144 Million Deal

Rebecca Urena08/01/2022

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Nikola (NASDAQ: NKLA) announced that it has come to an agreement to acquire battery pack supplier Romeo Power for USD144 Million. The all-stock transaction will give Nikola control of...

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GM to Invest $81 Million to Build Cadillac Celestiq

Rebecca Urena06/16/2022

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General Motors (NYSE: GM) revealed plans to invest USD81 Million in its global design and technology campus located in suburban Detroit. The move comes as the automaker strives to...

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Kia Showcases Redesigned Niro EV

Rebecca Urena04/13/202204/13/2022

16499

Kia (OTCPK: KIMTF) just unveiled its new 2023 Niro hybrid lineup and EV crossovers as well as improvements to its extremely popular Telluride SUV. The automaker had previously disclosed...

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Porsche Invests $75 Million in Synthetic eFuels

Rebecca Urena04/06/202204/06/2022

18244

Porsche, owned by Volkswagen (OTCMKTS: VWAGY), announced its USD75 Million investment in eFuels on Wednesday, as it strives to electrify 80% of its model lineup by 2030. Climate-neutral “e-fuels”...

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Hertz to Acquire 65,000 Electric Vehicles from Polestar

Rebecca Urena04/04/202204/04/2022

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Polestar, an electric vehicle maker, is set to sell Hertz Global (NASDAQ: HTZ) approximately 65,000 vehicles throughout the next five years, according to the two companies. The 65,000 units...

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Nickel Prices Rise, Potentially Threatening Automakers

Rebecca Urena03/09/202203/09/2022

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The price of nickel has skyrocketed amid the ongoing war. Russia, being one of the main metal suppliers, is now experiencing hefty sanctions following its invasion of Ukraine. The...

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Sony and Honda to Form Joint Venture and Manufacture Electric Vehicles

Rebecca Urena03/04/202203/04/2022

17388

Sony (NYSE: SONY) and Honda (NYSE: HMC) announced plans to form a joint venture as a means to sell electric vehicles. The company will be incorporated later this year,...

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Tesla to Recall 575,000 EVs as a Result of Boombox Function

Rebecca Urena02/10/202202/10/2022

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Tesla (NASDAQ: TSLA) is recalling more than 575,000 EVs as a consequence of its Boombox function, which could interfere with federally mandated Pedestrian Warning System sounds. The company intends...

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General Motors Posts Record Q4 Earnings

Rebecca Urena02/02/202206/09/2022

7213

General Motors (NYSE: GM) reported record earnings for 2021, despite the devastating computer chip shortage that impacted the industry. It now expects to produce an operating profit this year...

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Ford Set to Double F-150 Lightning Production

Rebecca Urena01/04/202206/09/2022

7392

Ford Motor (NYSE: F) announced plans to practically double annual production capacity for its electric F-150 pickup to 150,000 vehicles per year by 2023, amid rising demand. The move...

Tag: EV

Nikola Acquires Romeo Power in $144 Million Deal

GM to Invest $81 Million to Build Cadillac Celestiq

Kia Showcases Redesigned Niro EV

Porsche Invests $75 Million in Synthetic eFuels

Hertz to Acquire 65,000 Electric Vehicles from Polestar

Nickel Prices Rise, Potentially Threatening Automakers

Sony and Honda to Form Joint Venture and Manufacture Electric Vehicles

Tesla to Recall 575,000 EVs as a Result of Boombox Function

General Motors Posts Record Q4 Earnings

Ford Set to Double F-150 Lightning Production

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