Ford (F) to test small fleet of hydrogen fuel-cell E-Transit models in UK

General Motors (GM) restructures business unit to compete with Ford Pro (F)

Detroit automaker, General Motors (NYSE: GM), at its annual Fleet Solutions Summit, revealed that the company is consolidating its North American sales operations for commercial vehicles, parts and telematics services under a new brand umbrella named GM Evolve. The new brand will compete with Fords(NYSE: F) Ford Pro unit and others for revenue from business vehicle... More

U.S. EV shares slump following news of Lucid (LCID) and Fisker (FSR) poor 1Q results and production cuts

U.S. electric automakers saw a decline in share prices Tuesday morning following cuts to production forecasts by Lucid Group Inc (NASDAQ: LCID) and Fisker Inc (NYSE: FSR), with Lucid sliding 9% in early trading.

Fisker shares were last down 5.3% after the company reported quarterly results. The company reported 1Q EPS of ($0.38), $0.08 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $198 thousand versus the consensus estimate of $6.33 million. The EV maker also announced... More

Barclays predicts April back step as EV penetration reaches 14% in March report card

Barclays released a March EV report card as EV penetration reached 14%, up m/m and y/y, but still below elevated 4Q22. Analyst Dan Levy believes April is poised to be a slight step back in uptake, in-line with typical 1st month-of-quarter patterns. Tesla (NASDAQ: TSLA), however, had an impressive March share, benefiting from price cuts and an increased focus on low cost EVs exported from China.

China once again had the highest EV penetration rate among the major global regions (30% in March), yet was flat m/m.... More

Ford (F) recalls over 230,000 Ranger vehicles to fix mistakes made in previous recall

The National Highway Traffic Safety Administration (NHTSA) and Ford Motor Co. (NYSE: F) are recalling certain 2004 to 2006 Ranger vehicles because replacement front passenger air bag inflators may have been installed incorrectly.

The vehicles had received replacement front passenger air bag inflators... More