Ford Motor Co

Ford CEO Farley outlined plans for automaker’s electric vehicle shift

Electric vehicle batteries are in short supply, and costs for materials such as nickel and cobalt are surging. Yet legacy automaker Ford Motor says it plans to be profitably building millions of EVs a year in just four years. This week, the Detroit automaker gave investors a little more clarity about how it plans to …

Ford CEO Farley outlined plans for automaker’s electric vehicle shift Read More »

Amazon records $3.9 billion loss on Rivian holding in second quarter

Amazon’s stake in electric vehicle maker Rivian Automotive was once worth $27 billion. That was in November, shortly after Rivian’s IPO, which took place just before the Nasdaq peaked. But with investors rotating out of risk in 2022 and selling off last year’s high-priced IPOs, Amazon has now taken paper losses on its Rivian stake …

Amazon records $3.9 billion loss on Rivian holding in second quarter Read More »

GM reveals Chevrolet Blazer EV with pricing up from $45,000

2024 Chevrolet Blazer SS EV GM DETROIT – General Motors on Monday revealed its new electric Chevrolet Blazer that’s expected to compete against the Ford Mustang Mach-E and Tesla Model Y crossover EVs. The vehicle marks an important launch for the Detroit automaker in attracting attention and more mainstream consumers to EVs. The 2024 Blazer …

GM reveals Chevrolet Blazer EV with pricing up from $45,000 Read More »