Pfizer, McDonald's fall in premarket, International Paper, UPS jump

General Motors (GM) teams with Netflix (NFLX) to promote EVs on screen

General Motors (NYS: GM) announced Thursday that they will be teaming up with Netflix to give electric vehicles (EVs) the stage they deserve.

In 2021, GM launched the Everybody In campaign, demonstrating the companys intent to lead an all-electric future, and invited others to join the movement. Netflix is joining and will increase the presence of EVs in Netflix-produced shows and films, where relevant, while also taking steps to enable more sustainable productions.

Entertainment has a huge... More

Rivian (RIVN) to cut jobs by 6% amidst price war

Reuters reports in an exclusive story Wednesday that Rivian Automotive (NASDAQ: RIVN) is laying off 6% of its workforce in an effort to cut costs. The American EV maker, already grappling with falling cash reserves and a weak economy, is now bracing for what may be an industry-wide price war.

The falling EV prices were kicked off by cuts made recently by Elon Musk-led Tesla and Ford... More

Chinese domestic EV makers report January sales decline following Tesla (TSLA) price cuts

Chinas top domestic high-end EV manufacturers: Nio (NYSE: NIO), XPeng (NYSE: XPEV), and Li Auto (NASDAQ: LI), all recorded monthly and year-on-year sales declines in January, with some of the drops exceeding 50%. The weakness follows disrupted production and sales slowed by the weeklong Lunar New Year holiday, as-well-as recent Tesla (NASDAQ: TSLA) price... More

Tesla (TSLA) plans production ramp in Shanghai as price cuts boost demand

In an exclusive story, Reuters reports Wednesday that electric vehicle giant, Tesla, Inc. (NASDAQ: TSLA) plans to step up output at its Shanghai plant over the next two months to meet demand ignited by aggressive price cuts on its best-selling models. The report cites a planning memo seen by Reuters and a... More

Warren Buffet backed EV maker BYD in talks to acquire insurer Yi'an

BYD, the Chinese electric vehicle company in China, announced on Tuesday that the Warren Buffet backed automaker is working on a potential acquisition of Yi'an P&C Insurance Co, an insurer that was seized by Chinese regulators two years ago as part of a crackdown on financial... More